'Mathematics of Profit' workshop organized at Bharat Mandapam in New Delhi
New Delhi. Earning money in stock market is not easy because it is the most difficult profession and challenging job in the world. Loss in the stock market is a big truth and it is important to accept it.. Well-known traders and mentors of the country have given this opinion regarding trading and investing in the stock market. Experts like Prakash Gaba, Vivek Bajaj, Kundan Kishore, Swati Kumari and Praveen Ashok Mhatre came face to face with young traders in the workshop 'Mathematics of Profit' organized by Shivctry on Stock Market at Bharat Mandapam in New Delhi.
During this, all these market experts and mentors shared their experiences regarding the stock market and told how one can recover from losses and earn profits by working in the market. But, for this, rule and system based trading and higher discipline is required.
'There is no better business than the market'
In 'Mathematics of Profit', well-known technical expert Prakash Gaba shared his past experiences and told about the journey from loss to profit. He said, "There is no better business than the stock market, but like every business, there is a loss in it, which needs to be accepted. You will earn money from the stock market for 20 days in a month with your knowledge and estimation, but if there is a loss on the 21st day, you will not accept it and your ego will outweigh the profit of 20 days, so accept the loss, like we do in any other business."
He told traders to always be patient and do level based buying before taking trades, but at the same time strictly follow the stop loss.
'Entry is easy, exit is a big challenge'
Vivek Bajaj, founder of StockEdge and renowned trader, said that the biggest challenge for every trader is exiting the stock. Taking a trade is very easy but exiting is the most difficult task. This is because when there is profit in the trade, traders do not book profit quickly and when there is loss, they remain in the trade for a long time and this is where stop loss is important which saves us from big losses.
Vivek Bajaj said that it is the nature of shares to go up and down, hence before every trade the trader should decide the profit and loss. The biggest mark of a good trader is that they are the first to book losses, and those who do not book lose all their capital.
In this workshop, famous stock market mentor, Kundan Kishore said that 90 percent of traders across the world, including India, lose money in the stock market and this includes educated people too. The biggest reason for this is that these people do not follow discipline regarding trade. In this workshop, other speakers including Swati Kumari, Abhay Chandalia and CA Abhishek Jain also shared their views on tax, personal finance and other market related topics including IPO.
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Traders and investors will get help
Regarding the ‘Mathematics of Profit’ workshop held at Bharat Mandapam, Shivictri PR Director Himanshu Kothari said that people listened to the speakers very attentively and also understood the strategies given by them. While the businessmen got the opportunity for networking in this event, the traders and investors got guidance to take better steps in the market. Besides, we also got a lot of support from our partners to make this program successful, through which the program became successful. Now there are plans to organize many such programs in the future also, so that better outcomes can emerge for the audience.
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