Earn up to 1 Lakh per Day from Swing Trading Strategies

Dreaming to earn 1 lakh per day in the stock markets is possible through swing trading techniques when compared to other methods.

You may find it a mystery to earn 1 lakh per day until you break out from the myth that trading in the stock market is highly dangerous.

Please patiently, read out these below lines so you can form a rough sketch before you begin to earn 1 lakh per day consistently.

Basically, you must realize that swing means a turn in the direction of the share prices in the upward, downward, and sideward directions depending upon the trading.

Technical Analysis for Swing Trading

You can understand it better in candlestick patterns on the swing movements that define the entry and exit of your stock investments.

In a nutshell, swing trading characterizes short-term profits, low risks, more likely to be a part-time job with less emotional impact and more time to act on, in taking positions.

Hence, laying hands on swing trading is always comforting when you are a beginner rather than taking a deep dive into intraday trading or futures Options.

Let me expose you to a few techniques that take you closer to your earning goal.

Bear in mind, a few elements that shall cushion your conscience, such as remaining disciplined, keeping up a realistic approach, double checking your investments. Moreover, conduct extensive research before chalking strategies.

In swing techniques, you may introduce strategies like trend-catching strategy, Fibonacci retracement, breakout string strategy, trading off support or resistance, and fading trading strategy.

Using these, you can make decisions about when to buy/sell shares to make your 1 lakh rupees per day.

Identifying conducive positions and selling/buying stock is a skillful game and you can obtain it by good practice. However, if you apply other trading techniques like intraday trading, derivative trading, and delivery trading, it can also add impetus to achieve your daily targets effectively. In short, they are:

Intraday trading: You can earn high returns in a high-risk environment as the markets are absolutely unpredictable. You need to apply your thoughts quickly and act skillfully to make your dream come true.

Derivative Trading: Derivative trading is the inclusion of futures and options that yield a high risk-reward ratio, and these derivatives enable you to participate in more contracts than your regular trading. You can continue to trade derivatives by paying a nominal amount also known as a margin rather than making a payment of the actual amount of the stock investments.

Delivery Trading: It comes into the picture when you buy shares and they get credited into your demat account in a span of T+2 days. It means, your asset gets into account with a time delay of two days, and hence it is time-consuming.