BEST TRADES OF THE WEEK (22 NOV 2021-26 NOV  2021)

22 Nov 2021Profit of Rs. 144,051
23 Nov 2021Profit of Rs. 93,387
24 Nov 2021Profit of Rs. 71,995
25 Nov 2021Profit of Rs. 288,670
26 Nov 2021Profit of Rs. 88,380

It turned out to be a Black Friday for the market as the BSE Sensex witnessed this year’s third biggest single-day fall on 26 November tracking a negative trend in global peers. Fears of a new COVID-19 variant detected in South Africa, increasing COVID cases in Europe and constant FII selling rattled the investors. The selling pressure was visible across most sectors barring Pharma.

On Friday, the BSE Sensex tanked 1,687.94 points or 2.87 percent to close at 57,107.15, while the Nifty50 fell 509.80 points or 2.91 percent to 17,026.50 and formed large bearish candle on the daily charts. The index corrected more than 4 percent for the week, forming bearish candle on the weekly scale. In this week as well, one of our traders made a profit of Rs. 288,670  on 25 Nov 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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