Can you earn daily from the share market?

Can you earn daily from the share market?

Yes, this is absolutely true.

But wait!!!

Before you start asking me how is it possible.

We recommend you to complete the blog.

The very first thought which would come in your mind is that share market is very risky.

It is full of stories with losses & failures.

Here to your amaze I will agree with you.

But here is the catch!

Let’s understand this with an example.

We all know Driving is risky but only :

• If you don’t follow the traffic rules.
• If you don’t know how to drive.
• If you are not driving in your lane.
• If you are over speeding.

So, is the fault of a car if you met with an accident or is the person who is in the driving seat.

If you don’t follow the rules and guidelines you can land your self in trouble.

I hope now you can understand that the same rule applies to share market as well.

Investment or trading in share market is risky but if you are trained well and learn about the share market then you will definitely earn from this market.

Before winning the battle it is important to learn how to fight.

Here are few terms before we give you some golden rules for winning trades.

• Intraday Trading : when you buy & sell the shares in the same day.
• Swing Trading : when you hold the position for more than 1 day to few weeks.
• Positional Trading: when short term swing in the market doesn’t effect your trading decision & trade is kept for few weeks to months.

7 golden rules for intraday trade

1 Stop emotional trading

When we trade in intraday we must keep our emotions like fear, greed and ego out of our trading plan.

2.Rule based trading

Never trade on the news and rumours. Focus and plan your trade with strict stop loss.

3. Trade in highly liquid stocks

High liquid stocks means where there is no large price gap between buyer and seller. The movement is quick in such stocks which helps in profit booking easily.

4 Minimise exposure in initial stage

Test the water before you enter into it. When you have just starting the trading it is advisable to take minimum positions as per risk taking capacity.

5 Decide on your targets

The return from the market differ to everyone. If 5 person trading on same stock the percentage of returns varies for each of them.

6 Trade in cash market

It is recommended if you have no prior experience in trading then it is better to take cash market. Future Market carry more risk as it involves leverage and thus more exposure.

7 Lean the intra day strategy and tools

There are various combination of chart patterns, time frame & indictors which will ensure a profitable trade for you.

The above points will help a intraday trader to earn from the market and make wealth. You should enrol yourself for a good share market course from a well versed Institute and lean how to make profitable trades.

Rekha Chauhan With 10 Years of experience in capital market, trader & instructor.