|December 14, 2020||Profit of Rs. 26,462|
|December 15, 2020||Profit of Rs. 76,500|
|December 16, 2020||Profit of Rs. 40,159|
|December 17, 2020||Profit of Rs. 46,954|
|December 18, 2020||Profit of Rs. 27,345|
The Nifty50 closed above 13,700 levels while the S&P BSE Sensex touched 47,000 last week.
The S&P BSE Sensex rallied 861 points or 1.87 percent while the Nifty50 was up 1.83 percent for the week ended December 18 compared to the 1.6 percent gain seen in the S&P BSE Midcap index and 1.2 percent rise in the BSE Smallcap index in the same period. In this week, one of our traders made a profit of Rs. 76, 500 on December 15, 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 the market is volatile, 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, it 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.