How to Earn 1000 Rs per Day from Share Market

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A Brief Overview of the Markets and their Potential 

 Individuals often navigate the stock markets in the hope of accruing a fair number of profits and generating returns on their investments. The stock markets are an incredibly lucrative avenue for those seeking to make money provided they have the skills needed to navigate it. While several people hope to make INR 1000 each day from these markets, not many are able to walk away with such rewards as they don’t have the skills, knowledge, or experience that enables others to do so. 

 A number of factors govern the movements of share markets, and they may pertain to domestic as well as international events. Owing to the fact that they are situational, they are beyond anyone’s control. As it is hard to predict a market’s daily movements, experienced traders ordinarily prefer setting targets that they seek to earn each month as opposed to setting them for each day. This is owed to the fact that each day does not bring with it the opportunities for trade and if traders attempt to earn from the share market on a daily basis, they can end up incurring major losses in the process. Ideally virtual trading is the best place to begin one’s trading journey and provided it is a success, individuals should then head on over to real trades. 

 One of the primary factors to bear in mind is that there are no limits imposed on the extent to which an individual can invest. You have the choice to begin your journey across these markets with INR 1000 or INR 100,000, if not more. The extent to which you choose to spend is entirely up to you and there are no caps imposed on the extent to which you are able to earn. Theoretically speaking therefore, unlimited amounts of money can be earned from the share markets.  

Earning INR 1000 Daily from the Share Markets

If you are curious how to walk away with INR 1000 on a daily basis from the share markets, consider the strategies provided below that allow for easy earnings. 

 Suggestion #1. Gravitate Towards High Volume Shares 

 One of the primary rules of thumb pertaining to intraday trading dictates that traders should always keep tabs on shares that are highly liquid and have a high volume. Volume here refers to the number of shares that changes hands frequently in the course of a single trading day. As you must close your position prior to the trading day ending, your profit is determined upon how liquid the stock in question is. 

 You must therefore always be certain of the stock you plan to invest in. Only consider other people’s opinions and analyses once you have made up your own mind. Provided that you are confident about certain indices or stocks, you should invest in them. If you aren’t, hold your horses. You can begin by making a list of 8 to 10 shares that you seek to target and can begin by researching them yourself. During this time, you should take into account the manner in which the prices of these shares fluctuates and only then consider investing in them.

 Suggestion #2. Steer Clear of Feelings of Greed and Fear

 It is imperative for those navigating the stock markets to not be governed by feelings of fear and greed. Each of these emotions can adversely impact your trading decisions. More often than not, these feelings lead traders astray and encourage them to take on more than they can handle. Therefore, it is important to have a clear idea of your stance towards certain stocks and hold on to this position. 

 As a trader you must be willing to accept the fact that you can’t earn profits each time you trade. If you have such ideas, you must abandon them immediately as they can leave you feeling most disappointed. Intraday traders must set firm limits and operate within them.

 Suggestion #3. Determine What your Entry and Exit Points Are and Don’t Budge

 Now that you know what you ought to avoid doing, consider this next suggestion which is capable of increasing your profits. In order to be able to earn a certain amount each day from the share market you should determine what your entry and exit points will be while you trade and maintain them. It is of paramount importance for traders to determine what these two pillars are as they help foster successful trades and only once they are pinpointed can you proceed to think about earning a profit. 

 This means that prior to placing a buy order determine what your entry point will be and the price target. Price target here refers to the price that a stock will amount to keeping in mind the stock’s history and projected earnings. In the event that the stock in question operates below this price, you should consider investing in it as you can stand to make a profit once the stock reaches its target price again or surpasses it.

 By keeping a fixed entry and exit point in place, you will not be likely to sell your shares the moment there is a slight rise in their prices. If you do, you may end up missing out on the opportunity to earn a bigger profit if the price continues with its upswing. 

 Fixed entry and exit demarcations prevent traders from being governed by fear or greed as they provide a level of certainty to the trading process.  

 Suggestion #4 Utilize Stop Loss Orders to Curtail your Losses 

 Stop-loss orders serve as one of the most pertinent aspects of intraday trading. These orders help limit the loss an investor may expose himself to. By incorporating a stop-loss, you can drastically reduce the extent to which you lose from a trade owing to which this technique should not be shied away from and should in fact be used with frequency.

 Stop-loss orders imposed should be proportionate to the targets you set for yourself. Beginners should therefore set stop-losses at 1 per cent. In order to understand this better, consider the following example wherein trader ABC purchases shares of company XYZ for INR 1200 and imposes a stop loss-order at 1 per cent i.e, INR 12. Now, if the price of these shares drops to INR 1,188, your position on the stock closes such that you don’t incur any additional loss. By curtailing the extent of your losses, you can be better positioned to fulfil your financial goals.  

 Stop losses operate by virtue of triggering the sale of stocks in the event that their price drops below a certain specified limit. Potential losses can be controlled with the aid of stop-loss orders. 

 Suggestion #5. Follow the Trend

 One of the safest ways to score a profit while partaking in intraday trading is by following the trend. While making trade decisions that weigh in on the possible reversal of these trends may score profits on occasion, more often than not, such trades do not generate returns. 

 Suggestion #6 Start with Small Steps

 In your bid to earn a certain amount of money each day from the stock markets, begin by investing with a small amount of money. This holds particularly true if you don’t have ample amounts of knowledge pertaining to the markets. Rather than waiting for one major break, aim to ear small profits which can collectively be worth a significant sum. 

 Wrapping Up

 While you might be anxious to earn a certain amount of money from the stock market, you should always have realistic expectations and should proceed with caution. Always take into account your risk profile and the risks tethered to the asset class you seek to invest in prior to taking the plunge and investing or trading in them.