|October 19, 2020||Profit of Rs. 47,040|
|October 20, 2020||Profit of Rs. 21,000|
|October 21, 2020||Profit of Rs. 23,367|
|October 22, 2020||Profit of Rs. 40,278|
|October 23, 2020||Day off|
The market recouped some of the previous day’s losses and closed a rangebound session a third of a percent higher on October 23, aided by auto, select FMCG and IT stocks. In this week, one of our traders made a profit of Rs. 47,040 on October 19, 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.”
If you want to stay in the stock market game, then you should work on making a consistent profit and reducing our risk. Risk management is the key to success here. I believe, people who don’t follow proper risk management, always find themselves in the struggle. No doubt, you would have made a big profit some days. But the real challenge is to maintain that kind of profits everyday day. If you are making Rs. One lack in a day and losing the same on other days. You are not working as a professional trader. I can assume this sort of profit-making is through gambling.
What we have learned at Pathfinders Trainings, you can see the results of that learning by looking at the profits made by professional traders. Every trade is good, even you make less profit. But working on not making big losses in the market should be our priority. If we have the capital to play in the market, our small loss can be turned into small profit and with consistency, into big profit.