|07 MAR 2022||Profit of Rs. 278,163|
|08 MAR 2022||Profit of Rs. 268,560|
|09 MAR 2022||Profit of Rs. 121,200|
|10 MAR 2022||Profit of Rs. 515,755|
|11 MAR 2022||off|
The market is expected to open in the red as trends on the SGX Nifty indicate a negative opening for the broader index in India with a loss of 66 points.The Sensex rose 86 points to 55,550. The Nifty was up 36 points to 16,630 to form a bullish candle on the daily charts. The index had a good week in which it gained 2.4 percent and formed a strong bullish engulfing pattern on the weekly scale.As per the pivot charts, the key support level for the Nifty is at 16,503, followed by 16,375. If the index moves up, the key resistance levels to watch out for are 16,726 and 16,822. In this week as well, one of our traders made a profit of Rs. 515,755 on 10 Mar, 2022, 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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