Any person who enters the stock market has the desire to make a lot of money. The stock market is one of the most profitable ways to make money because it offers higher returns than other options. The majority of people who come to the stock market wonder, "How can I earn 1000 rupees per day from the stock market?" However, several of them are unable to do so due to a lack of expertise and experience.
The movement of the stock market is influenced by a number of domestic and foreign factors. There are situational variables that no one can manage. Since it's difficult to predict the market's daily movement, seasoned traders aim to gain a set sum every month rather than attempting to hit realistic daily goals. Every day cannot include trading opportunities, and if you gain money from the stock market by trading every day, you will suffer significant losses as a result. If you still want to trade on a regular basis, you can practise paper or virtual trading first, and if you succeed, you can move on to actual trading.
INTRADAY TRADING
There are no restrictions when it comes to investing. You can start with as little as Rs 1000 or as much as Rs a million. In the capital, there are no limits. There are no limitations in terms of earning because there are none. The sum of money one can earn from the stock market is theoretically limitless.
HOW TO EARN 1,000 RS PER DAY FROM SHARE MARKET?
Intraday trading is the way to go if you want to make money every day. Intraday trading involves buying and selling stocks within a single day. Stocks are bought not as an investment, but as a means of profiting from price fluctuations in the stock market.
WHAT ARE THE RULES?
If you're wondering how to make 1000 rupees per day from the stock market, the strategies mentioned below will help you earn money from stocks if you follow them closely.
RULE 1: Trade in Shares That Have High Volume
The first rule of intraday trading is to always keep an eye on high-volume or liquid stocks. The amount of shares that move from one hand to the other in a day is referred to as "volume." Since the place must be closed before the trading hour ends, the stock's liquidity is what determines the probability of benefit.
Take the time to research the stocks you want to invest in. After you've made your own decision, you should consider the analysis and views of others. Only invest in such stocks or indices if you are confident in their performance. Make a list of 8 to 10 stocks you want to invest in and start researching them. Before you invest, pay careful attention to how the prices of these stocks fluctuate.
RULE 2: Leave Behind Your Greed and Your Fears
There are two cardinal sins in the stock market that you can stop at all costs. Traders' decisions are often influenced by factors such as greed and fear. When making trading decisions, it's best if you can keep these psychological factors in check. They can make traders bite off more than they can chew, which is never a good thing. It is critical to finalise a few stocks and place oneself solely in relation to them. Every day, no trader will make a profit. If you continue to follow the mirage, you can just fail yourself time and time again. When the wind is blowing toward you, you won't have any choice but to take a loss. As an intraday trader, you should always be aware of the limits and make every effort to remain within them.
RULE 3: Keep Your Entry and Exit Points Fixed
The stock market is supported by these two main pillars. As a trader, you must correctly classify these points. Only after you've completed this would you consider making a profit.
Often assess the stock's entry point and price target before placing a buy order. After taking into account its history and expected profits, the price target is the price at which it is reasonably priced. If the stock is trading below its target price, it is a good time to buy because you will benefit when the stock hits or exceeds its target price again. Maintaining a set entry and exit point would also prevent you from selling your shares as soon as they begin to increase in value. As a result of this tendency, you can miss out on the opportunity to make a larger profit if the stock price increases higher. Fear and greed can be loosened by keeping set entry and exit points because it removes some of the complexity from the operation.
RULE 4: Limit Your Loss by Using a Stop-Loss Order
A stop-loss is one of the most significant aspects of intraday trading. A stop-loss order is one that is used to minimise an investor's loss. Stop-loss orders will help you limit your losses, so you should use this technique regularly. Intraday traders should swear by stop losses if they don't want to lose a lot of money.
You should set a stop loss that is proportional to your goal. As a novice, your stop-loss should be set at 1%.
RULE 5: Follow the Trend
When it comes to intraday trading, following the trend is your best bet for making money. Is it realistic to expect pattern reversals to occur in a single day? Making trade decisions based on the possibility of a trend reversal may yield profits on occasion, but it is unlikely to do so in the majority of cases.