|02 Aug 2021||Profit of Rs. 179,961|
|03 Aug 2021||Profit of Rs. 156,390|
|04 Aug 2021||Profit of Rs. 375,579|
|05 Aug 2021||Profit of Rs. 90,198|
|06 Aug 2021||Profit of Rs. 279,331|
The market lost initial hours of gain after the Reserved Bank of India monetary policy decision fell in line with analysts’ expectations, and remained in the negative terrain during the rest of the session to close 0.4 percent lower on August 6.
The BSE Sensex declined 215.12 points to close at 54,277.72, while the Nifty50 slipped 56.40 points to 16,238.20 and formed a bearish candle on the daily charts. During the week, the index gained 3 percent and formed a bullish candle pattern on the weekly scale. In this week as well, one of our traders made a profit of Rs. 375,579 on 04 Aug 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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