Every person who comes into the stock market has a desire to earn well. The stock market is one of the most lucrative ways to make money, as it offers better returns than other avenues. Most of the people who come to the stock market ask – How to earn 1000 rupees per day from the stock market? But, many of them fail to do so due to lack of knowledge and experience.

The movement of the stock market is governed by various factors which are both domestic and international. These factors are situational, not within one’s control. Since it is difficult to predict the daily fluctuations of the market, experienced traders aim to earn a certain amount of money in a month, rather than trying to reach specific daily goals. Every day may not provide an opportunity for trading, and if you earn from the stock market by trading every day, you can make huge losses because of it. If you still want to complete daily trading, you should practice paper or virtual trading, and if you are successful in that, you can move on to real trading.

Intraday trading

There is no investment limit. You can start with Rs 1000 or Rs 1,00,000. There is no limit on capital. Since there is no restriction, there is no limit in earning. In theory, one can make unlimited money from the stock market.

How to earn Rs 1,000 per day from share market?

If you want to make money every day, then you must indulge in intraday trading. In intraday trading, you buy and sell stocks within a day. Stocks are not bought as an investment, but as a way to make a profit using the volatility of the stock’s prices.

How to earn Rs 1,000 per day from the stock market – what are the rules?

If you are wondering how to earn Rs 1000 per day from the stock market, then given below are some strategies that can make it easier for you to make money from stocks, if you follow them closely.

Rule 1: Trade in high volume stocks

This is the first rule in intraday trades – always keep an eye on stocks with high volume or liquidity . The term ‘volume’ refers to the number of shares that pass from one arm to the other in a day. Since the position has to be closed before the trading horse expires, the liquidity of a stock is what the profit potential depends on.

Always take the time to be sure about the stocks you plan to invest in. The analysis and opinion of others should be taken into account only after you do. If you feel confident about certain stocks or indices, then only then should you invest in them. List 8 to 10 stocks you want to target, and start your research on these. Before investing, pay attention to how the prices of these stocks are fluctuating.

Law 2: Leave your greed and your fear behind

In the stock market, there are two cardinal sins that you should try to avoid at all costs. Factors such as greed and fear influence the decisions traders often make . It is best if you can keep these psychological factors in check when you are making trading decisions. They sometimes cause traders to bite off more than they can chew, which is never appropriate. It is important to finalize a few stocks and position yourself only about them. No trader can make profits every day. If you try to follow that mirage, you’ll only disappoint yourself over and over again. When the wind is against you, you will have no choice but to book a loss. So, as an intraday trader, you should always keep an eye on the ranges, and try to stay within them.

Rule 3: Keep your entry and exit points fixed

Now that we have talked about the two factors that you should not let affect your decisions, let us talk about the two factors that will increase your chances of making a good profit. When you ask “How to earn 1000 rupees per day from stock market?” Know that the answer lies in having fixed entry and exit points in trading. These are the two major pillars of the stock market. As a trader, you have to identify these points correctly. It is only after you have done this that you can think about making a profit.

Before placing buy orders, always determine the entry point and price target of the stocks. A price target is the price at which it is reasonably priced, after taking into account its history and projected earnings. If the stocks are trending below their target price that is a good time to invest in it as you will make profit, or exceed it once the stocks once again reach their target price. Keeping a fixed point for your entry and exit will also ensure that you do not sell shares as soon as you see a slight increase in prices. Because of this trend, you can lose your chance to make a big profit when the stock price moves up. Keeping fixed entry and exit points will also loosen the grip of fear and greed as it will take away some of the uncertainty from the process.

Rule 4: Limit your losses by using stop-loss orders

One of the most important aspects of intraday trading is a stop-loss. A stop-loss is an order designed to limit an investor’s losses. You can cut your losses by using stop-losses, therefore, you should use this strategy frequently . Intraday traders should take the stop loss pledge if they want to avoid huge losses.

The stop loss you set should be proportional to the target you have. As a beginner, you should set the stop-loss at 1%. An example will make it easier to understand. Suppose you buy some company shares for Rs 1200 and place the stop loss at 1%, which is Rs 12. Therefore, as soon as the price falls to Rs. 1,188, you close the position, which prevents further losses. This can help keep your losses in check, making it easier to achieve your financial goals. How does damage work? The stop loss is set in such a way that if the prices fall below the specified limit, the trigger is fired and the stocks are automatically sold. Therefore, it is a highly beneficial method if you want to keep your potential losses in check should the prices suddenly start falling.

Rule 5: Follow the Trend

When you are participating in intraday trading, following the trend is your safest bet in ensuring profits. How likely is it that a trend reversal will occur within a period of one day? Making trading decisions based on a potential reversal of trends may benefit from time to time, but in most cases they will not.

How to earn 1000 rupees daily in share market

If you are thinking of earning 1000 rupees per day from the stock market, then you can try to follow these guidelines-

1. Select a few stocks you want to target
2. Closely track the movement of these stocks for at least 15 days before you take any action
3. In this period, analyze stocks in different ways based on volume, indicators and oscillators . Some of the more commonly used indicators are supertrend or moving averages. You can take the help of oscillators like Stochastics, Moving Average Convergence Divergence or MACD and Relative Strength Index.
4. If you follow your target stocks regularly in market hours you will get a high level of accuracy over a period of few days. You will be in a better position to interpret the price momentum.
5. Based on the indicators you used and your analysis, you can now fine-tune your entry and exit points.
6. You should also fix the stop loss and your target before investing.