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.
Stock Market Success Stories in India
Kanishk Gupta: A Stock Market Entrepreneur Although Kanishk laid his hands on stock markets at the tender age of 16, he took a gap till completion of his studies and then under the supervision of his friend he began to learn the nitty-gritty of the stocks in Mauritius. After a detailed analysis ofRead more
Kanishk Gupta: A Stock Market Entrepreneur
Although Kanishk laid his hands on stock markets at the tender age of 16, he took a gap till completion of his studies and then under the supervision of his friend he began to learn the nitty-gritty of the stocks in Mauritius.
After a detailed analysis of the stock markets, Kanishk concluded, that there is no quality education on stock market trading and decided to create an e-learning platform to deliver quality financial educational services.
He made it clear in his company’s vision that he would provide qualitative, dynamic, and comprehensive training in the field of stock markets.
With a zeal to support learners of stock market financials, he raised a startup company labeled Incomet Learning Pvt Ltd, and spread education on social media platforms, like, Facebook, Instagram, Twitter, Telegram, and so on.
His teaching has made a remarkable presence with over 1.4 million followers.
The motive behind the guidance provided over the social media platform is to enable enthusiasts to understand where to invest and their experts recommend followers with the right directions on trading that contains valuable advice.
Highlights of Kanishk Gupta’s Exposure in Stock Trading:
The youngest entrepreneur who lives in the National Capital Region, Kanishk is recognized among the successful stock business experts who rose to high levels in a short timeframe.
Learned in detail about stock markets, by attending the right courses in stock market trading and investment, followed by extensive research, and then realized that there is a vacuum of knowledge among the investors for making the right kind of stock investment.
This realization led him to become a startup in e-learning courses for beginners/investors and to others, labeled Incomet Private Limited.
Provides 100 percent support to all trainees with up-to-date learning in a live environment.
Gavitates a huge mass of learners on social platforms by rendering high-quality knowledge.
See lessHow to Make Money in Intraday Trading?
Best Way to Earn Consistent Income from Intraday Trading Intraday trading requires not only money, but a combination of skills, strategy, and discipline to succeed. While there are no guaranteed strategies or indicators in day trading, here are some practical tips that will help you navigate the comRead more
Best Way to Earn Consistent Income from Intraday Trading
Intraday trading requires not only money, but a combination of skills, strategy, and discipline to succeed.
While there are no guaranteed strategies or indicators in day trading, here are some practical tips that will help you navigate the complexities of the Indian stock market and potentially earn income through day trading.
1. Learn & Practice:
Start by building a strong foundation of knowledge about the stock market, technical analysis, and trading strategies.
There are 1000+ online sources available to learn anything and everything about the stock market. The only thing you need is a burning desire to learn.
Here are some free online channels offering free knowledge out of their experience.
Also, there are free stock market ebooks available online, you can download it and learn.
So, nowadays everything is available online to learn, the only thing lacking is the desire to learn.
Most novice traders just watch 2 to 3 videos on YouTube and directly jump into the market with a goal of becoming the world’s best traders. Unfortunately, that is not going to work for more than 2-3 days.
2. Design Your Trading Plan:
Create a practically working trading plan that includes your risk tolerance, financial goals, and strategies.
Having a plan helps you stay disciplined and avoid compulsive decisions while trading.
Maintain a trading journal and note down the following
Monitor the journal closely and do not repeat the mistakes done in the past. This will give you a very good boost believe me.
3. Risk Management:
Set strict risk limits for each trade to protect your capital. A most common rule is to risk no more than 1-2% of your trading capital on a single trade.
This helps prevent significant losses and keeps you in the race for the long run.
Always maintain the risk-reward ratio of at least 1:1 or 1:2. If you maintain a 1:2 risk-reward ratio, even if you lose 50% of the trades, you will in the profit side.
Example: If your stop loss is about 1000 rupees.
Whenever you lose the trade, you lose 1000 rupees and when you win, you will get 2000 rupees if you maintain a 1:2 risk-reward ratio.
Even if things go wrong 50% of the time, you will get a decent return.
4. Start with a Demo Account:
Before dumping real money into the market, practice your strategies on paper trading sites and do trial and error.
This allows you to refine your skills and gain confidence without financial risk.
There are a few paper trading sites available, you can check them here.
5. Technical Analysis:
Technical analysis plays a vital role in intraday trading. Master technical analysis to identify trends, support, resistance levels, and key chart patterns.
Understanding technical indicators can enhance your ability to make sharp decisions.
6. Control Emotions:
Every trader must become a robot during trading hours. Means absolutely ZERO emotions.
Emotions can make you implement compulsive decisions. Develop the emotional discipline to stick to your trading plan, even when you lose.
Attend some online workshops or do some yoga practices to get emotionally stabilized.
7. Diversify:
Avoid putting all your capital into one stock/ position. Diversification can help spread risk and reduce the losses when things go wrong.
8. Learn From Mistakes:
Even if you have 20 years of experience in trading, still you must learn new things. The stock market is ever-evolving, and successful day traders continually update their knowledge and adapt to new market conditions.
Your earning goes down when you stop learning. Both are interlinked.
Apply these practically possible ways to become a successful trader in India.
See lessWhat is the Best Time Frame for Intraday Trading?
Best Time Frame Chart for Intraday Trading Before I explain the best time frame chart for intraday trading, you must listen to my experiences. If you don't have that much time to gain knowledge, the below line gives a quick answer out of my experience. Ans: 5 Min Time Frame Chart is the best choiceRead more
Best Time Frame Chart for Intraday Trading
Before I explain the best time frame chart for intraday trading, you must listen to my experiences.
If you don’t have that much time to gain knowledge, the below line gives a quick answer out of my experience.
Ans: 5 Min Time Frame Chart is the best choice for intraday traders.
Want to dive into my experience? go through the below lines.
Episode 1: Beginning
For the very first time when I entered into intraday trading, I bluntly began to gamble on entry-level and exit-level without applying even stop-loss.
In less time, I lost the entire capital in my first move of day trading. You must remember, never to begin a trade blindfold.
I panicked and flew away from the stock market with no guts to progress further. It was quite strange that my query was addressed by a professional in Quora and subsequently, I drew a little strength and went back to trade.
But, this time it involved a thorough trade plan that included time frame analysis for day trading. And, here, you can absorb my experience and pitch all possible potholes which you might indulge in Intraday trading with a suitable time frame.
Now, while I address your query, you need to understand the time frame concept in stock trading.
Time frame is the selected period that ranges from a few minutes to hours to a day to weeks to months or even years.
In your selected time frame, you can view the trade patterns on charts like candlesticks and these time frame charts when analyzed, help you deduce many factors.
Whenever I do intraday trading, I take the aid of a 5-minute & 15-minute time frame just to know about the kind of market it could shape up in a day, like, a buyers market, or seller market.
Further, the best time to observe the trading signals is in the morning after the trading session begins at 9:30 am.
You must wait for the volatility of the stocks to settle down with a certain pattern. Then, the decision of your entry-level to trade should be an hour after the commencement of the day trading.
Important Note:
You must always keep in mind, that the 5-minute time frame is the best time frame chart that gives the direction of the trade.
I have also shared my experience of the biggest loss in my stock market journey here.
Tips for an Effective Day Trading Time Frames:
A 5-minute chart is good for day trading but you can also employ 1-minute, 5-minute, 15-minute, and 30-minute charts.
If you trade an instrument with lower volatility then 5-minute charts are highly beneficial.
Usually, if you prefer to trade instruments with high volatility then maintain your pace on 1-minute or 2-minute charts.
When you want to monitor price movement on a lower level, you must employ a larger scale, say, a day chart.
Selecting time frames in the afternoons are of prime value and trades in and around 01 pm is the most ideal time. Alternatively, relax till the market rings closing bells to resume trading.
Make use of multiple time frames to make an ideal entry point into the markets, you are advised to consider two to three-time frames in your day trading activity and do not cross the timeframe count.
See lessWho is the Best Swing Trader in India?
Top 5 Traders in Indian Stock Market The Indian stock market has seen many successful traders over the decade, but it is important to note that success can be subjective and can vary based on different criteria such as returns generated, risk management strategies, longevity in the market, and overaRead more
Top 5 Traders in Indian Stock Market
The Indian stock market has seen many successful traders over the decade, but it is important to note that success can be subjective and can vary based on different criteria such as returns generated, risk management strategies, longevity in the market, and overall influence.
Here is the list of the top 5 well-known names for their success in the Indian stock market:
1. Rakesh Jhunjhunwala:
Rakesh Jhunjhunwala referred to as the “Indian Warren Buffett” is one of the most renowned and successful investors/ traders in India.
He is known for his long-term value investing approach and has made significant wealth through his investments in Indian companies.
Unfortunately, the Indian Stock market industry has missed the legendary investor.
Check the net worth of Rakesh Jhunjhunwala here.
2. Radhakishan Damani:
Founder of D-Mart, one of India’s largest retail chains, Radhakishan Damani is also a highly successful investor known for his astute stock picking and value investing strategies.
Before entering into the retail business Mr. Damani actively participated in Indian Stock Market.
3. Nemish Shah:
Founder of Enam Securities, Nemish Shah is a veteran investor with a successful track record in the Indian stock market.
He is known for his disciplined approach to investing and focus on identifying quality businesses.
4. Vijay Kedia:
A self-made investor, Vijay Kedia has gained recognition for his stock-picking skills and ability to identify multi-bagger stocks in the Indian market.
He is known for his pragmatic investment approach and focus on small and mid-cap stocks.
5. Ramesh Damani:
Another successful investor in the Indian stock market, Ramesh Damani is known for his contrarian investment approach and keen market insights.
He is also a prominent figure in the Indian financial community.
These are just a few examples, and many other successful traders and investors in the Indian stock market have achieved significant wealth and recognition through their investment strategies and market insights.
Look into the Top Stock Market Traders in India Here.
See lessCan we Swing Trade Daily?
Trading Daily is not a Good Choice Yes, it is possible to do swing trading daily, but it is also important to understand the challenges associated with this step. Trading daily without proper knowledge is not so good. Blindly applying any strategy without understanding the market conditions is likeRead more
Trading Daily is not a Good Choice
Yes, it is possible to do swing trading daily, but it is also important to understand the challenges associated with this step. Trading daily without proper knowledge is not so good.
Blindly applying any strategy without understanding the market conditions is like running on the road with closed eyes. You may come alive if you are so lucky.
Understand What is Swing Trading
Swing trading means holding positions for a few days to several weeks to capture short- to medium-term price movements within a larger trend.
Swing traders often aim to capitalize on these swings in price, the frequency of their trades may vary depending on their trading strategy and market conditions.
Doing swing trading daily requires mastering identifying opportunities and managing positions within a shorter timeframe.
Traders must rapidly monitor the market for potential setups, such as trend reversals, breakouts, or pullbacks, that align with their trading criteria.
Tips to Follow for Daily Swing Trading
To swing trade daily, traders should:
Master Technical Analysis:
Technical analysis plays a vital role in identifying entry and exit points for swing trades. Traders analyze price charts, patterns, and technical indicators to predict market sentiment and identify potential opportunities.
Develop a Trading Plan:
Having a well-defined trading plan is essential for daily swing trading. This plan should outline entry and exit criteria, risk management strategies, and position sizing rules to help maintain discipline and consistency in trading decisions.
Manage Risk:
Risk management is paramount in daily swing trading to protect capital and minimize losses.
Traders should use stop-loss orders to limit downside risk and adhere to proper position sizing to ensure that no single trade significantly impacts their overall portfolio.
Stay Informed:
Make sure you are ahead of market news, economic events, and company development activities can provide valuable insights into potential trading opportunities and market sentiment.
We should stay informed and be prepared to adjust our positions accordingly.
Trade with Zero Emotions:
Emotions can have a significant impact on decisions, especially in volatile markets. Traders must remain disciplined and avoid succumbing to fear or greed by sticking to their trading plan and avoiding impulsive actions.
Most people won’t even answer simple questions when we set a timer for their answers in a contest or quiz program. Our brain functions lesser than its actual capacity when we make decisions emotionally.
See lessWhich Day is Best for Swing Trading?
Monday & Friday are the Best Days for Swing Trading Tuesday to Thursday, markets are very stable, it is not optimal to swing trade on these days. These days stable because the initial market reactions happens on Mondays and Fridays. Swing traders can rather watch the Important Economic Events, eRead more
Monday & Friday are the Best Days for Swing Trading
Tuesday to Thursday, markets are very stable, it is not optimal to swing trade on these days. These days stable because the initial market reactions happens on Mondays and Fridays.
Swing traders can rather watch the Important Economic Events, earnings reports, or economic data releases. These events can significantly impact stock prices and may give good opportunities for swing traders.
Days when a company releases its earnings report is also a important day, since the stock prices are highly volatile
Product Launches or Announcement days are also a important days for swing traders.
Close Positions on Weekends:
As said, markets are closed on weekends. It’s best to close the positions over the weekend due to market gaps on Monday.
The best day for swing trading depends on market conditions, economic events, and company-specific news. It’s vital to stay informed, analyze market trends, and plan your trading accordingly based on your risk tolerance and strategy.
See lessWhat are the Best Books to Learn Swing Trading?
3 Best Books to Learn Swing Trading in India Swing trading is a low-risk trading compared to intraday and options. But without a proper knowledge, stepping into stock market is too risky. As per my suggestion, I recommend beginners to spend at least 1000 hours on learning before entering swing tradiRead more
3 Best Books to Learn Swing Trading in India
Swing trading is a low-risk trading compared to intraday and options. But without a proper knowledge, stepping into stock market is too risky.
As per my suggestion, I recommend beginners to spend at least 1000 hours on learning before entering swing trading.
There is a lot of stuff online to learn swing trading in India, here are a few book suggestions to learn swing trading for beginners:
1. “A Beginner’s Guide to Swing Trading” by Matthew Driver:
This book is one of the best suggestion for beginners. It covers the basics of swing trading, technical analysis, and essential strategies to help you get started with swing trading in India.
The book’s language is easy to understand, making it suitable for beginner swing traders.
2. “Swing Trading For Dummies” by Omar Bassal:
As part of the “For Dummies” series, this book breaks down swing trading into different sections. It covers key strategies of swing trading, risk management, and practical tips for swing trading. The author simplifies complex concepts for easy understanding.
The book costs around 4681 Rs. on Amazon. Buy Here.
3. “How to Make Money in Intraday Trading” by Ashwani Gujral & Rachana A:
Although the book focused on intraday trading, it provides valuable learnings into short-term trading strategies that can be applied to swing trading.
It explains the practical approaches and simple strategies for trading in the Indian Stock market.
This book is available on Amazon at Rs. 669/- including GST. Buy Here.
These are a few suggestions from my end, you can also refer few other youtube channels like CA Rachana Ranade, Pranjal Kamra etc.,
See lessWhich is the Best Technical Indicator for Intraday Trading?
Moving Average - The Best Technical Indicator A moving average is a out line that shows the average price of a stock over a specific time. MA-20 means the average price of the last 20 values MA-200 means the average price of the last 200 values It helps traders to observe the overall direction of thRead more
Moving Average – The Best Technical Indicator
A moving average is a out line that shows the average price of a stock over a specific time.
MA-20 means the average price of the last 20 values
MA-200 means the average price of the last 200 values
It helps traders to observe the overall direction of the price. Trader can get a clear picture of whether it’s going up, down, or side ways.
Based on the moving average, trader can find out the direction of the stock and executes the trade.
See lessBest Penny Stocks to Invest Under Rs. 20?
Debt Free Penny Stocks under Rs. 30 The following are the debt free penny stocks to be considered to buy in this month. Lahoti Overseas Ltd: CMP: 31 Titan Securities Ltd: CMP: 21.91 Sita Enterprises Ord Shs: CMP: 23.57 Modern Dairies Ltd: CMP: 20.51
Debt Free Penny Stocks under Rs. 30
The following are the debt free penny stocks to be considered to buy in this month.
What are the Best Growth Stocks to Buy in India?
Best Stocks to Buy for Long-term Investment in India The following are the best stocks to buy for the year 2023 according to market experts. Company Current Market Price P/E Ratio Hindustan Unilever Limited 2480.90 55.9 TATA Consultancy Services (TCS) 3562.02 30.01 Reliance Industries 2362 24.60 InfRead more
Best Stocks to Buy for Long-term Investment in India
The following are the best stocks to buy for the year 2023 according to market experts.