The stock market always presents many opportunities for intraday traders. More and more people are now getting associated with the stock market in the form of intraday traders to take benefit of such opportunities. Huge returns can be made through intraday trading if the trade is taken at the right price. To help you make money with intraday trading, we will suggest you how to earn 1000 rs per day from share market.
What is Intraday Trading?
Intraday trading involves buying and selling of shares or securities and squaring off the transaction on the same day. No position is carried to the next day in intraday trading. In case any negative event occurs after the closure of the market, there is no effect of it on the intraday traders since the trade is squared off in the market hours.
How to Earn 1000 Rs Per Day from Share Market Through Intraday Trading
Making money in the intraday trading requires skills, knowledge and expertise. Therefore, the beginners in the stock market must play safe during their early days in the market. The beginners can invest up to Rs. 10,000 initially towards intraday trading. Now comes the most important aspect of intraday trading i.e. putting a stop loss in place. A beginner must trade only in shares initially and put a stop loss of 1%.
Stop loss helps the trader in limiting his losses and keeping the capital intact. Like for example, a beginner buying shares of Reliance Industries at Rs. 1,200 can keep a stop loss of 1% i.e. Rs. 12. As soon the price of shares goes below Rs. 1,188, he must close his position so that he does not suffer further loss.
When you gain experience with regular trading, you can start trading in the futures and options market. The F&O market is an ideal place for an intraday trader and huge money can be made with right trades. Since there is high volatility in stocks that are part of the futures and options segment, your stop losses must be high too. In the F&O segment, you must put a stop loss of 3.5% to 5% of the stock price. The higher stop loss value will protect you from the volatility in the market and help you in holding your positions for a long time.
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