|19 July 2021||Profit of Rs. 65,864|
|20 July 2021||Profit of Rs. 43,620|
|21 July 2021||Holiday|
|22 July 2021||Profit of Rs. 45,305|
|23 July 2021||Profit of Rs. 47,212|
The market traded higher after recovery in late morning deals amid volatility and finally settled with moderate gains on July 23, supported by banking & financials, FMCG and IT stocks.
The BSE Sensex rose 138.59 points to 52,975.80, while the Nifty50 gained 32 points to close at 15,856 and formed Doji Cross kind of pattern on the daily charts as the closing was near its opening levels. During the week, the index fell 0.4 percent but formed bullish candle on the weekly scale as the closing was higher than opening levels. In this week as well, one of our traders made a profit of Rs. 65,864 on 19 July 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.
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