It's been almost 11 months I have been using the ETF shop and I have done some enhancement for the same. Before going into what enhancement let's go through what is ETF shop. Just like a normal shop where the shopkeeper keeps all the items and sell it for some profit, I am running a shop of ETF where I will buy the ETF and sell it for profit.
ETF because, the probability of ETF going down is almost zero and since it is a basket of stocks so even if the ETF is gone down by 5% we can invest more, because ETF will go up in the future. I have a list of ETF for diversification and I buy ETF every day as well as sell it for 6% profit. Now this is helping me to generate regular income and when the shop will be bigger, it can help me to generate the household expenses. I am actually building this shop to give me regular income and thus someday it can help me to generate some household expenses like a passive income.
Now recently I have made an enhancement where I will trail the profit. That means if the stock is going up, I will not sell until and unless it goes down.
In this way I will ride the upward movement. This is nothing but riding the profit and when the sign looks like it is getting reversed then I will sell these ETFs because anyway I have achived the profit of 6%.
In the above image you can see that Monq50 has given me around 20% profit and still I have not sold because that has an upward movement and I am riding the profit. So my profit is just trippled, so instead of having mere profit of 6%, I will have more than 20 profit. I know this is mainly because we are in the bull market. So taking advantage of the same. There are six scripts which has given me over 10% profit and still there is an upward movement in the ETF.
If I talk about profits, I have touched the 20% profit in last 11 months which is great. My friend asks me that in the same period Nifty has given more than 40% profit, so having just 20% is bad. I tell them simple things, that have you invested in Nifty at that time. If yes good, if no then you don't have any profit. Next is that my profit is realized profit, and 40% is mpt realized. I am getting regular income from this strategy, in the last 2 months I have got more than 5K and that is great.
