|October 05, 2020||Profit of Rs. 116,207|
|October 06, 2020||Profit of Rs. 115,616|
|October 07, 2020||Profit of Rs. 33,074|
|October 08, 2020||Profit of Rs. 53,554|
|October 09, 2020||Profit of Rs. 119,532|
The Nifty futures closed the week 4.32 percent higher with addition in futures Open Interest (OI) by 28.4 percent on a weekly basis, which indicates longs are being built up. In this week as well, one of our traders made a profit of Rs. 119,532 on October 09, 2020 highest of all other days in a week.
Making a consistent profit should be the ideal approach rather than looking at the percentage of profits. Yogeshwar sir always teach one important rule of stock market which is
“Always work on reducing your risk and never allow yourself to take a big loss.”
Whenever there is a volatility in the market, there is a strong chance of unpredicted market movements and stop-loss hitting. To tackle the high volatile market, one should work with proper strategy, otherwise, he will lose money on both sides. The one having the right mentor can make profits even in bad market times. In our case, all these profits were made under the guidance of Mr. Yogeshwar sir who taught us how to trade and manage risk properly. If you can manage your risk and identify the right entry and exit points, you can end your week in profits.
If you are not a professional trader, better is to watch the market, and not take any position. Not taking any position and saving money is also a position in the market which helps to keep you in the market for a longer period.