|03 May 2021||Profit of Rs. 83,850|
|04 May 2021||Profit of Rs. 50,325|
|05 May 2021||Profit of Rs. 253,953|
|06 May 2021||Profit of Rs. 115,345|
|07 May 2021||Profit of Rs. 74,840|
The Nifty50 retained the uptrend for the third consecutive session and closed above the 50-day simple moving average on May 7, backed by metals and HDFC group stocks. The index started the day at 14,816.85 and stayed higher through the session. It rose 98.40 points to 14,823.20 after hitting an intraday high of 14,863.05 and a low of 14,765.50. In this highly volatile week as well, one of our traders made a profit of Rs. 253,953 on 05 May 2021, the 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 the 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 your 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 a small profit and with consistency, into a big profit.