Sign Up to our stock-market-based Q&A Platform to ask questions, answer people’s questions, and connect with other people.
Login to IndianStox.com (Q&A Engine) to ask questions, answer people's questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Can We do Day Trading with 5000 Rupees?
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: LearnRead more
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.
See lessStocks or Mutual Funds, Which is Better?
Equity Vs SIP Investment Individuals can obtain stocks of a company either through IPOs, OTC, or stock trading and become a shareholder, which means, you are part of the company in framing the policies of the corporation. In a way, your opinion will matter in the policy formulations. Let us restrictRead more
Equity Vs SIP Investment
Individuals can obtain stocks of a company either through IPOs, OTC, or stock trading and become a shareholder, which means, you are part of the company in framing the policies of the corporation.
In a way, your opinion will matter in the policy formulations.
Let us restrict our conversation to stocks, it is the buying and selling of stocks in the stock markets. Whereas, the Systematic Investment Plan, SIP, is an investment method used in mutual funds.
Individuals can make planned monthly investments in the funds that determine the portfolio and earn money to beat inflation.
You can make good returns on SIP investments and high returns on stock investments. In both, you can find a similarity, stock experts and mutual fund managers invest money in the stock markets.
Stock investments can generate huge financial benefits by making different kinds of trading techniques like swing trading, intraday trading, futures and options trading, and so on.
In mutual funds, the fund managers put your investments in different portfolios to reduce the risk of losing money. You can expect a minimum profit of 20 to 40 percent on your investment per year.
SIP Investment Plans
The government allows SIP in mutual funds and also encourages fund managers to enter into a management scheme that provides tax savings on their investments. This provision is not made available in stock markets.
In mutual funds, the fund manager gives you the option to invest in aggressively managed funds and also issues you the authority to switch over your investments that suit your purpose. Shifting of funds from one zone to another can help you beat inflation values in the future.
Your funds invested in the high-risk zones can be managed by allotting it into less-risk zones, from one portfolio to another where the chances of unit fund value change from one portfolio stock to another stock market.
However, you must select a monthly investment for short-term/long-term like 2 and above years. Mutual funds should have at least 7 to 10 years of continuous flow of SIP every month.
Stock buyers/sellers must have the ability to bear the heavy loss that can incur at the time of busy business hours.
SIP investments are relatively safer and establish a comfort zone with the fund manager.
See less