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How to Learn Intraday Trading?
How to Learn Intraday Trading Step-by-Step Learning intraday trading requires education, practice, and a disciplined approach. Here's a step-by-step guide to help you get started: 1. Learning: Read Books: Begin by reading books and articles on intraday trading. Some recommended books include "A BegiRead more
How to Learn Intraday Trading Step-by-Step
Learning intraday trading requires education, practice, and a disciplined approach. Here’s a step-by-step guide to help you get started:
1. Learning:
Read Books:
Begin by reading books and articles on intraday trading. Some recommended books include
“A Beginner’s Guide to Intraday Trading” by Matthew Driver
“Technical Analysis of the Financial Markets” by John J. Murphy.
Attend Online Courses
Enroll in online courses offered by reputable traders. Websites like Investopedia, Udemy, and Khan Academy provide courses on trading strategies, technical analysis, and risk management.
Few reputable traders like Rachana Ranade, Pranjal Kamra, and PR Sundar offer free content on their YouTube channels.
2. Understand Market Basics:
Familiarize yourself with the basics of the stock market, including order types, market orders, limit orders, stop-loss orders, and margin trading.
As a beginner, you must learn everything from scratch. Do not hesitate to learn the basics.
Learn the fundamentals of technical analysis, including candlestick patterns, chart patterns, support and resistance levels, and various technical indicators like Moving Averages and Relative Strength Index (RSI).
3. Practice with a Demo Account:
Before risking real money, implement the strategies in paper trading websites with virtual money.
Practice executing trades, test different strategies, and get comfortable with the trading strategy in various market conditions without any financial risk.
4. Start Small:
Begin with a small capital and gradually scale up as you gain experience and confidence.
Avoid the temptation to invest large sums of money, you will get out of the market within no time.
5. Join Online Communities:
Join online forums, communities, and social media groups where experienced traders share insights and strategies.
Networking with other traders can provide valuable perspectives and support.
6. Adjust your Strategies:
Regularly review your trading performance and make adjustments to your strategy as needed.
The ability to adapt to changing market conditions is essential for long-term success.
See lessWhat is Trading Psychology and How to Control Losses?
How to Master Trading Psychology & Control Losses The emotional and mental factors that influence your decision-making while trading in the stock market is known as trading psychology. One who controls their mind and emotions while trading can achieve great heights in the stock market. Then howRead more
How to Master Trading Psychology & Control Losses
The emotional and mental factors that influence your decision-making while trading in the stock market is known as trading psychology.
One who controls their mind and emotions while trading can achieve great heights in the stock market.
Then how to control emotions? Go through the following tips to control losses in stock market.
Control Emotions:
Emotions like fear, greed, hope, and overconfidence can hugely impact your decision making while trading.
When prices go up, you might feel greed and do not exit the positions even though it hits your target price.
On the other hand, during a down market, fear may take lead and forces you to exit the trade before hitting your stop loss.
Understanding Fear and Greed:
Fear always stops you from taking risks, even when there are potential gains. On the other hand, greed can make you hold onto a winning position for too long, ends up in a huge loss (due to market reversal). Balancing these emotions is key to get successful in trading.
Discipline and Patience:
Discipline means sticking to your trading plan, which includes entry and exit points & waiting for the right opportunities to exit or book profits.
Overtrading:
Overtrading occurs when you excessively buy and sell. This often leads to higher brokerage charges and losses. A disciplined approach helps control overtrading.
Accepting Losses:
Losses are inevitable in stock market trading. It is important to accept them and not let them affect your confidence. Learning from losses and understanding that they are part of the trading process will help you grow as a trader.
Continuous Learning:
Continuous learning about the stock market, trading strategies, and technical indicators is vital. Practice & learning helping you to stay in control. You can prefer top YouTube channels to learn for free.
Avoid Revenge Trading:
Revenge trading occurs after a significant loss, where you try to recover loss by taking multiple trades.
It is important to take a break, analyze what went wrong, and come back with a clear mind and a well-thought-out strategy.
It is better to avoid trading for that day if possible. Most of the revenge trades leads to significant losses.
Maintain Trading Journal:
Maintain a trading journal to track your trades and analyze mistakes. Analyzing past trades will help you avoid doing same mistakes repeatedly.
Here is the sample trading journal looks like, you can modify it accordingly as per your convenience.
Download Sample Trading Journal
See lessIs there any No Loss Strategy in Stock Market?
No Loss Strategy in the Stock Market In any stock market, no-loss strategy is a myth. Few people selling their useless courses by claiming they have no-loss strategy. It is a cheap trick to earn money from innocent beginners. You must realize that stock market is highly unpredictable and influencedRead more
No Loss Strategy in the Stock Market
In any stock market, no-loss strategy is a myth. Few people selling their useless courses by claiming they have no-loss strategy. It is a cheap trick to earn money from innocent beginners.
You must realize that stock market is highly unpredictable and influenced by various factors like economic trends, company performance, important events across the world.
Every investment involves a level of risk, and you should realize that losses are a part of trading.
Anyone looking for a “no-loss strategy” in stock market trading is a fool. It is practically impossible. Instead you can learn stock market strategies and follow the below rules to get profitable by end of the month.
Stock prices can change rapidly due to market fluctuations. That means the value of stocks can go up and down unexpectedly, leading to profits or losses for traders.
So, you should maintain strict stop-loss to save your capital when the market goes against your view.
Traders must do technical analysis & fundamental analysis while taking a position for day trading/ swing trading.
Global economic events, company related news, government policies, or even unexpected natural disasters can influence the stock market. So, the trader should be updated with the latest news and act accordingly.
The final important aspect is continuous learning. Stay updated on market trends, practicing new strategies can improve your decision-making & leads to profitable trader. However.
See brother, no one can guarantee a no-loss strategy in the stock market. If somebody has a strategy like that, he must be the only trader remains in the market (because by the end everybody get in to losses)
See lessWhat are the Best YouTube Channels to Learn Stock Market?
15 Best YouTube Channels to Learn Stock Market After a thorough research and from my personal learning experience, I suggest these 15 best YouTube channels to learn stock market in India. 15 Best Youtube Channels on Indian Stock Markets to Make More Money CA Rachana Phadke Ranade FinnovationZ ElearnRead more
15 Best YouTube Channels to Learn Stock Market
After a thorough research and from my personal learning experience, I suggest these 15 best YouTube channels to learn stock market in India.
15 Best Youtube Channels on Indian Stock Markets to Make More Money
Can I Learn Trading from Youtube Channel?
Learning about Indian Stock Markets digitally from remote is simple and easy provided you understand which channel to choose, approach the right guide to fulfil your requirement.
Here is a suggestion that states that If you are serious about learning then the youtube channel is a prime method. You can login as per your convenience and adopt a self paced learning on your desired topics of interest.
This content provides a compilation of stock market videos authored by leading traders (financial influencers), and discount brokerage companies over the digital platform.
Best Youtube Channels for Stock Market:
From the above-listed youtube channels, you can learn a lot about the share market and the key ways to handle repercussions in trading.
You may be a beginner, an investor, or an expert trader then you can visualise stock market information explained by financial influencer, or brokerage companies aptly.
The information is on stock markets for beginners and the required technical analysis before you begin to trade.
Financial Influencers on Behalf of Brokerage Companies:
Traders make decent money on stock market platforms by following a set pattern, employing their strategies and adopting tactics to fulfil their objectives.
In the process, on Youtube channels, you can find experience of these financial influencers that inspires you to move forward in a positive direction.
Some of the traders who made a remarkable impact on learners are
Best Youtube Channels for Technical Analysis
You can explore Youtube channels for technical analysis which are run by financial influencers, stock experts, and SEBI-registered research advisors.
Some of the prominent channels are:
These channels meticulously provide information on candlestick charts, technical indicators, patterns, and so on.
See lessCan I Earn 500 Per Day in Swing Trading?
How to Earn 500 per Day in Swing Trading Your question on earning 500 per day in swing trading is pretty logical in nature. But, let me tell you, I would like to elucidate the essentials that should be kept into consideration. Just to earn a profit of at least 5 percent per day on an investment of IRead more
How to Earn 500 per Day in Swing Trading
Your question on earning 500 per day in swing trading is pretty logical in nature. But, let me tell you, I would like to elucidate the essentials that should be kept into consideration. Just to earn a profit of at least 5 percent per day on an investment of INR 100,00.00 daily.
For instance, you need to set a monthly target of at least 25 % profit. If you sum up the small profits on the invested amount of Rs. 100,00, it shall provide a return of Rs. 1.45 lakh in a year. And, if you spread the earned money (Rs. 1.45 lakh) it will make a daily profit of Rs. 500 over a year.
Below you will notice information that can serve your purpose in maintaining INR 500 as your daily earnings.
Research for Swing Trading Stocks:
For obtaining an objective of earning INR 500.00 per day, swing trades need fundamental analysis for a short period.
You will have to adopt recent, upcoming events, and tactics. You must calibrate certain parameters that turn out to be the significant indicators such as sales growth, new product launches, new strategy announcements by the companies, quick ratios, etc.
5% to 10% Gain Every Week in Swing Trading:
Swing trades never focus on gains developed over months, or even years. Its trading period is normally 5 to 10 days and if managed properly you can make a lot of small wins. And, when you sum up those wins it will give out good returns.
The ideal return on swing trades is up by 20% in a month or about 5% to 10% gain every week that leads to a noticeable profit level.
3-to-1 Profit loss Portfolio Management Strategy:
Experts suggest portfolio management to succeed in your attempts to earn decently, often referred to as 3-to-1 profit-to-loss ratio.
The funda of earning is that you can make small gains and create a growth in portfolio provided you are attentive in keeping losses small.
If you keep a stop loss of 7% to 8%, then the losses on stocks can reach a maximum level of 3% to 4% quickly. If such a situation continues then this kind of loss can reduce the accumulated small gains considerably.
Identify Breakout Volumes for Shorter Time Frames:
Observe for the shorter time frames with a token, and you can find volume characteristics of a breakout. Also find the volume of shorter consolidations areas for clues.
If you can sense that the breakout volume can surpass the recent activity then it means the stocks have strength on trade. And you can opt for such stocks.
See lessWhat is the Average Salary of an Option Trader in India?
What is the average salary of an option trader per month? Option Traders are the key people of the stock markets and their average salaries in different capacities such as tutor, specialist, and analyst do differ. The salary of an option trader is completely dependent on the country, experience andRead more
What is the average salary of an option trader per month?
Option Traders are the key people of the stock markets and their average salaries in different capacities such as tutor, specialist, and analyst do differ.
The salary of an option trader is completely dependent on the country, experience and the size of the firm. However, to express in a grosser level the average salary of an option trader in India is in the bandwidth of Rs. 1.0 Lakh to Rs. 8.3 Lakhs per month.
Salary of Option Trading Tutor:
You can join platforms like Udemy and provide guidance on how to trade options online. An online tutor in India can get around Rs. 40,000 per month for instance, tutors in Mumbai will charge around Rs. 1500 per hour.
Tutors Need Skills to Deliver Online Virtual Lectures:
Salary of Specialist
You can earn an average salary of Rs. 6.4 Lakhs as an Options Trading Specialist and you must have specific skills to function the duties effectively.
Salary of an Analyst
You must be able to conduct research on global trade, analyse data and regulations. HR experts in Indeed say, the average salary of a market analyst in India is Rs. 2,50,000 per year.
Skills Needed by Analyst to Conduct Option Trading:
You must hold analytical skills, research skills, focus skills, customer service skills, and detailed oriented skills.
See lessWhat is the Option Trading Success Rate in India?
What percentage of option traders are successful? Option trading is risky and the success rate in India is quite low, say about 11 %. No matter, traders involved in option trading take all preventive and corrective measures such as stop loss, and trading strategies like strangle, butterfly, and straRead more
What percentage of option traders are successful?
Option trading is risky and the success rate in India is quite low, say about 11 %. No matter, traders involved in option trading take all preventive and corrective measures such as stop loss, and trading strategies like strangle, butterfly, and straddles for option selling still volatile markets prevents the profitability which ultimately leads to little success.
Likewise, for option buying, you will find strategies such as momentum strategy, breakout strategy, reversal strategy, etc yet very few mark profitability levels.
In a broader sense, investors/traders who indulge in option selling can make big money in trading stocks while option buying traders make a little money in comparison.
Hence, you can take it for granted that selling options can pay rich dividends. Even in selling options or engaging in futures and options you need to be highly cautious because they produce limited profits and can cause high risks in trading.
The stock trading dynamics are such that option buying generates huge profits and low risks. The chances of losing money is more in option buying even though you select all risk management techniques such as stop loss.
Your success rate depends on the guidance and advice given by the stock experts provided you are well driven by good stock brokers such as Zerodha, 5 Paisa, Upstox, etc.
Therefore, if you want to be a leader in the stock markets then one must consider several issues such as the type of option you choose to trade.
The kind of underlying asset portfolio you maintain, the prevailing market conditions, and the trading strategies you adopt to keep up the win situation, and a trustworthy broker.
In the long run, option sellers make better returns than buyers and usually, the market trends between -1% to 1%.
Securities and Exchange Board of India (SEBI) has released information stating that 11 percent of the traders made profit in the futures and options (F&O) during the financial year 2021-22.
Statistics reveal that the average loss is at Rs. 1.25 lakh. There is an impressive increase in the individual traders of about 500 percent from FY19 to FY22.
See lessWhat are the Disadvantages of Swing Trading?
Is swing trading is good or bad? Are you good at trading by utilising technical analysis? All, just to make profits in short-term price swings. If so, fine, you are one of those skilled brains to work on swing trades. Swing trading can be applied during bull/bear trends, and even while the stock swiRead more
Is swing trading is good or bad?
Are you good at trading by utilising technical analysis? All, just to make profits in short-term price swings.
If so, fine, you are one of those skilled brains to work on swing trades. Swing trading can be applied during bull/bear trends, and even while the stock swings are relatively stable.
The basic funda of making swing money is to hold positions for a few days to few weeks until you capture the short-term price movements which results in profit earning.
Why is swing trading risky?
Yet, the swing trades create a hostile environment due to its functional characteristics thus representing a series of setbacks while trading and such disadvantages can be evidently spoken as:
If you make good earnings on swing trades then there is every likelihood of losing a significant portion of your returns in the form of short term capital gains, in which you will be levied to pay higher taxes.
In addition you shall be subjected to commissions, fees and spreads that aggregates more financial burden on you when compared with buy-and-hold (long term investment) investors.
See lessHow Much Money Is Needed for Swing Trading?
How much money is needed for swing trading in india I do understand your interest in swing trading, you can make short term profits with a little investment. You can start swing trading with a minimum investment of INR 10,000 and rise to INR 50,000. The nature of swing trade shall demand you to mainRead more
How much money is needed for swing trading in india
I do understand your interest in swing trading, you can make short term profits with a little investment. You can start swing trading with a minimum investment of INR 10,000 and rise to INR 50,000. The nature of swing trade shall demand you to maintain at least 10 percent of your investment in the trading account balance. You will have to invest a minimum in the stocks that show medium price movements that begin and last for either a few days, or up for weeks. However, you can pick swing trading as a full time job. Furthermore, you must also maintain factors that lay the foundation for better trading returns.
Let me elaborate the acceptable account risk you can plan for in swing trading. In an Indian context, you should maintain a risk of around 1 to 3 percent and failing that you can experience a drawdown or get your trading account burst.
Invest on a Stock that is 1% of the Trading Account Capital
Let us assume that you purchase a stock at INR 800.00 by setting a stock loss at 10%, and in addition, not to encounter risk beyond 1% your trading account size. In such a scenario, your trading account must not be to the size of INR 1,000.00 but must be about INR 8,000.00 to become 1% of the trading stock @ INR 800.00.
Lets Analyse:
Keeping slippage into consideration, you can risk up to 10 percent of your trading stock, which comes to INR 80.00. Then, the maximum slippage of INR 80.00 is 8 % of INR 1,000.00 ( trading capital) which is greater than 1% acceptable risk.
Hence, to compensate for the risk factor to 1%, your trading account must maintain trade capital by INR 8000.00.
In case you agree for at least 2% risk, then you must maintain a minimum trade account capital of INR 4000.00. Therefore, I would say, go for cheaper stocks when you are not able to arrange for a higher trading capital.
Brokerage:
Do select a brokerage who maintains transparency, like, Zerodha, a stock brokerage company, does charge you a flat fee of INR 20.00 per trade, irrespective of the quantity of the traded stocks.
See lessWhat is the Net Worth of Rakesh Jhunjhunwala?
Net Worth of Rakesh Jhunjhunwala Forbes has listed Mr. Rakesh Jhunjhunwala, as the 48th richest man in the country and 438th Richest in the World. The man has achieved several accolades and heads Hungama Media and Aptech. He holds the position of director in firms such as Viceroy Hotels, Concord BioRead more
Net Worth of Rakesh Jhunjhunwala
Forbes has listed Mr. Rakesh Jhunjhunwala, as the 48th richest man in the country and 438th Richest in the World. The man has achieved several accolades and heads Hungama Media and Aptech.
He holds the position of director in firms such as Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.
He is a qualified Chartered Accountant and a trader in the Indian/Global stock markets.
Net Worth of Rakesh Jhunjhunwala
Way back in 1985, Jhunjhunwala took a soft loan from his father and invested INR 5000.00 as capital, and in less than 33 years, by 2018 his capital inflated to INR 11,000 crores. As of 2022, the net worth of Rakesh Jhunjhunwala is 5.8 Billion Dollars.
His parents declined to support him with a huge sum of investments as capital and hence to grow faster in life, Mr. Rakesh began to take loans from his brother’s friends at an interest rate higher than banks then.
Booking profits on a larger scale began in 1986, it was from Tata Tea. Instantly, bought 5000 shares worth INR 43.00 which rose to INR 143.00 in a span of 3 months. Likewise, his asset value grew rapidly by 20 to 25 lakhs.
Important stocks held by Jhunjhunwala successfully are
His Journey
Rakesh Jhunjhunwala, often referred to as the “Warren Buffett of India,” is one of the most prominent and successful investors in India.
Born in Mumbai, India, in 1960, he started his career in 1985 with just Rs 5,000 (approximately $70). His early years were marked by learning experiences and setbacks, but he persevered and continued to refine his investment strategy.
He is known for his long-term vision, research, and conviction in his investment decisions. He focuses on fundamental analysis, identifying undervalued stocks with strong growth potential.
Over the years, he has made investments across various sectors, including banking, pharmaceuticals, and infrastructure.
One of his most famous investments was in Titan Company Limited, where he accumulated a significant stake.
Today, Titan is one of India’s largest and most successful consumer goods companies, contributing significantly to Jhunjhunwala’s wealth.
Rakesh Jhunjhunwala is also known for his disciplined approach to investing and his willingness to take calculated risks.
He often shares his insights and investment philosophy through interviews, speeches, and public appearances, earning him a large following among investors and enthusiasts.
Jhunjhunwala’s success story is an inspiration to aspiring investors worldwide, demonstrating the potential for wealth creation through disciplined investing, patience, and a deep understanding of the market.
Rakesh Jhunjhunwala: Backed Companies Makes Progress
Akasa, an Indian airline backed by billionaire Rakesh Jhunjhunwala, attempts to grant company shares to a bigger pool of top employees.
Keeping in view, the current pandemic situation where many top pilots and technologists lost their jobs.
Here is a way, the company plans to tightly knit in values of employees of diverse experiences, gender, and different demographics within India. Akasa Air may take off in mid-May or June this year in 2022 says CEO, Mr. Vinay Dube.
Titan is just another company that has soared its stock value by 30 percent this year. Rakesh & his wife, hold a stock of about 5.0 percent in the Titan company. Here is some interesting news, Rakesh Jhunjhunwala-owned Titan hits a record high and zooms @30 percent in six months.
It was noticed that on January 07, 2022, during intra-day trading, the Titan hit a record high of INR 2,718.65 and rallied 5% on the Bombay Stock Exchange, BSE. It did surpass its previous high of INR 2,687.30.
Philanthropic Works: Empowering Education, Healthcare
Forbes has listed 15 top Altruistic Philanthropic in the Asia Pacific and interestingly a stock business expert’s presence is found among them. Yes, India’s Billionaire Rakesh Jhunjhunwala, is into stock markets businesses.
Having earned billions, and currently 160 crores ( USD) of property in his coffers, the gentleman plans to spend much of his earnings on philanthropic activities. Very recently, in a press release, Mr. Rakesh spoke, to donate $750 million within his lifetime.
He has already pumped in millions to support the basic need of education and healthcare through an initiated foundation. Cataract and eye care treatments are a costly affair and to support the underprivileged communities, he plans to open a new eye hospital near Mumbai, next year.
In fact, to facilitate the activity, he has donated more than $ 7.5 million to nurture the eye care hospital. To provide a high-quality education to the younger generations, a university of international standards is yet to come up, known to be Ashoka University.
He promises to fund $17 million by the end of 2022. Besides it, every year, Mr. Rakesh donated $1 million to the Agastya International Foundation. It actively functions in nurturing science education in the rural poor.
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