How to get Profits in Intraday with Just 5000 Rupees

It is always the best choice to start with small capital in a risky field like the stock market. Most beginners trade with huge money in the beginning and end up with a “BIG zero“.

The best way to earn in the stock market is:

First 6 months: Learn and apply strategies in paper trading websites

Next 6 Months: Trade with the least amount like 2000 to 5000 rupees in whatever the strategy you learned.

After gaining confidence in your strategy, you can increase the capital month by month.

Tips to Earn Consistent Income in Intraday

Here are a few learning points to earn consistent income day trading.

Look for stocks that are highly liquid and have significant trading volume. This ensures that you can enter and exit positions easily without incurring significant slippage.

Stocks with low liquidity are not suggestible for intraday trading.

Choose Stocks with High Volatility:

Volatile stocks can offer more trading opportunities for day traders. Look for stocks that have a history of price fluctuations throughout the trading day

However, be cautious as high volatility also increases the risk of losses.

Here is the detailed article on Why Stocks Fluctuate & When. This will help you choose volatile stocks for intraday trading.

Learn Technical Analysis:

Technical Analysis plays a vital role in intraday trading. Popular traders are providing free knowledge on technical analysis through their YouTube Channels.

You can choose any of the channels to learn technical analysis.

Technical analysis helps you identify potential entry and exit points. Look for stocks that are exhibiting clear trends or patterns on intraday charts, such as moving averages, support and resistance levels, and chart patterns like flags or triangles.

Day Trader’s Favourite Stocks

Here are a few parameters that everyday traders prefer for intraday trading

Large-cap stocks: These are the stocks of well-established companies with large market capital. They tend to be more stable and less volatile compared to smaller-cap stocks.

Mid-cap stocks: These are shares of companies with medium market capital. They can offer a balance between stability and volatility, potentially providing good trading opportunities.

Stocks with High-beta: Beta measures a stock’s volatility relative to the overall market.

Stocks with high betas tend to move more than the market as a whole.

They can provide opportunities for larger gains but also come with higher risks.

Follow the above guidelines and implement them to gain consistent profits in intraday trading.