How to Earn 1000 Rs Per Day in the Share Market? | Kotak Securities (2024)

Earning Rs 1000 per day in the share market might seem ambitious, but it is achievable with the right strategies, knowledge, and discipline. The share market offers numerous opportunities for traders and investors to generate consistent profits. So, how to earn money from share market? Let's find out.

How to Earn Rs 1000 Per Day from the Stock Market: The Various Ways

  1. Intraday Trading: Identifying equities that exhibit noticeable price movements either upwards or downwards within a single trading day is essential. Focus on stocks that have garnered attention due to noteworthy earnings reports, significant announcements, or recent company acquisitions.

  2. : Engage in trading specific equities within the Futures & Options (F&O) segment of the NSE. Futures and Options represent supplementary trading instruments in the F&O market for equities. The valuation of futures and options is tied to the underlying share price.

  3. Swing Trading: Swing trading involves initiating trades to hold them for a short duration, typically spanning a few days. While swing trading may not yield a daily profit of Rs. 1000, it can potentially lead to achieving your target profit for several days if your trades prove successful.

How to Earn Money in Stock Market: The Rules

  • If your goal is consistently earning profits daily, intraday trading strategy emerges as a promising pathway. This approach involves the purchase and sale of equities within the same trading day, allowing you to capitalize on price fluctuations rather than viewing stocks as long-term investments.

  • If your inquiry revolves around the pursuit of earning a daily profit of 1000 rupees in the share market, the ensuing steps can provide valuable insights:

  1. Stock Selection with Deliberation: Begin by carefully selecting a handful of stocks you intend to focus on. This selection process should involve a thorough analysis of the stocks' historical performance, volatility, and potential for price movements.

  2. Patient Observation and Vigilance: Dedicate at least 15 days to diligently monitoring the performance of the chosen stocks. This observation period allows you to comprehensively understand the stocks' behavior and patterns under different market conditions.

  3. Utilize a Multifaceted Approach to Analysis: Use various analytical tools and techniques during the monitoring period. Utilize indicators like Supertrends and Moving Averages to gauge price trends, while oscillators such as Stochastics and the Relative Strength Index can provide insights into potential price reversals.

  4. Market Hour Precision: Make it a routine to observe your target stocks during regular market hours actively. Doing so consistently can refine your ability to interpret and respond to price changes accurately, ultimately enhancing your decision-making capabilities.

  5. Identifying Entry and Exit Points: Drawing upon the insights gleaned from your analysis, pinpoint suitable entry and exit points for your trades. This strategic approach enhances your ability to seize favorable price movements and capitalize on potential gains.

  6. Establish Clear Risk Management Parameters: Before initiating any trades, establish well-defined stop-loss levels to safeguard your capital from significant losses. Similarly, set achievable profit objectives that align with your risk tolerance and overall trading strategy.

  7. Continuous Learning and Adaptation: Recognize that the share market is dynamic and subject to constant change. Commit to ongoing learning by studying market trends, exploring new analytical tools, and staying informed about relevant news and developments.

  8. Embrace a Trial-and-Error Mindset: Acknowledge that successful intraday trading often involves a degree of trial and error. Approach each trading day as an opportunity to learn and refine your strategy based on the outcomes and insights gained.

Other Techniques You Can Bank Upon

If you're contemplating achieving a daily earning of 1000rs from the share market, the strategies detailed below can offer valuable insights to help you generate income from stock trading, provided you adhere to them:

1. Opt for High-Volume Stocks

A fundamental rule of stock trading is concentrating on equities characterized by high volume or liquidity. Volume, denoting the quantity of shares changing hands during a trading day, plays a pivotal role in determining a stock's liquidity and its profit potential, especially considering the need to close positions by the trading session's end. Thorough research into your intended investment stocks is imperative.

After your analysis, it's prudent to consider the opinions and analyses of others. Invest in stocks or indexes only when you genuinely believe in their performance. Begin by shortlisting eight to ten stocks for potential investment and initiate in-depth scrutiny. Observe these selected stocks' price movements closely before making any investment decisions.

2. Suppress Greed and Fear

Two cardinal principles demand strict adherence in the stock market realm, being driven by emotions such as greed and fear is detrimental. Being cognizant of these psychological factors when making trading choices is advisable. Succumbing to these emotions can lead to overtrading and potential losses, which is counterproductive.

It's imperative to focus on a select few stocks, giving them your undivided attention. Consistent profits are not guaranteed daily. The pursuit of unrealistic expectations can eventually result in disillusionment. Consequently, when faced with unfavorable market conditions, you'll be left with no recourse but to bear losses. Being mindful of and diligently adhering to your constraints is paramount for intraday trading success.

3. Maintain Consistent Entry and Exit Points

These twin pillars form the foundation of successful stock trading. As a trader, accurately identifying these points is of paramount importance. Only once you've mastered this skill can you contemplate realizing profits. Before initiating a purchase order, meticulously determine your portfolio's entry point and price target. The price target reflects a level at which the stock is deemed reasonably valued, considering historical and projected earnings.

If a stock is trading below its target price, it presents an opportune moment for purchase, with the anticipation of capitalizing on its eventual return to or surpassing the target. Adhering to fixed entry and exit points also discourages premature selling of stocks when their value experiences an upward surge. This safeguards against losing out on greater profit potential due to hasty decisions. Establishing and maintaining these fixed points alleviates fear and greed, reducing the complexity of the trading endeavor.

4. Implement Stop-Loss Orders for Loss Mitigation

An integral facet of intraday trading, the stop-loss order is an effective loss-limiting mechanism. Integrating stop-loss orders into your trading routine can significantly curtail potential losses, making their consistent usage advisable.

For intraday traders, stop-loss orders prove indispensable in minimizing potential losses. Set your stop-loss order in alignment with your target objectives. As a beginner, a stop-loss at 1% is prudent. To illustrate, if you purchase shares in a company at Rs 1500 and set your stop-loss at 1%, triggering at Rs 15, once the price falls to Rs 1480, you execute the trade closure, mitigating further loss. This strategy maintains loss control, facilitating progress toward your financial goals.

The stop-loss mechanism involves automatically selling stocks once prices dip below a predetermined threshold, thereby effectively reducing potential losses should prices unexpectedly plummet. This proves particularly beneficial in managing sudden price fluctuations.

5. Track the Market Trend

Regarding intraday trading, aligning with prevailing market trends offers the most promising avenue for profit generation. Predicting trend reversals within a single day is often implausible, making trading decisions based on such reversals less likely to yield consistent profits.

6. Align Actions With Market Dynamics

The world of trading is marked by its inherent unpredictability; even seasoned experts armed with advanced tools often need help to predict market shifts accurately. While certain chart patterns may indicate a bullish market, unforeseen downturns can still occur. These indicators offer suggestions rather than guarantees. If market movements contradict a trader's predictions, it's advisable to exit the position to mitigate potential substantial losses.

The potential returns from stocks can be attractive, and adopting these intraday tips and recommendations could yield satisfactory profits. Intraday trading provides heightened leverage, allowing for substantial gains within a single day.

Cultivating contentment is a vital aspect of achieving success as an intraday trader. In stock trading, gains and losses materialize almost instantaneously; the inevitability of losses is a fundamental element of intraday trading. However, profits are attainable, particularly with the requisite knowledge and expertise.

To Conclude

Earning Rs.1000 per day in the share market requires knowledge, discipline, and a well-defined strategy. Whether you choose day trading, swing trading, fundamental analysis, or any other approach, remember that success takes time and effort. The share market can be highly rewarding but carries inherent risks. Always prioritize risk management, continuous learning, and a long-term perspective on wealth creation.

How to Earn 1000 Rs Per Day in the Share Market? | Kotak Securities (2024)

FAQs

How can I make money from stocks in a day? ›

Daily Pivots

This strategy involves profiting from a stock's daily volatility. You attempt to buy at the low of the day and sell at the high of the day. Here, the price target is simply at the next sign of a reversal.

How to invest $1000 in the stock market? ›

Here's how to invest $1,000 and start growing your money today.
  1. Buy an S&P 500 index fund. ...
  2. Buy partial shares in 5 stocks. ...
  3. Put it in an IRA. ...
  4. Get a match in your 401(k) ...
  5. Have a robo-advisor invest for you. ...
  6. Pay down your credit card or other loan. ...
  7. Go super safe with a high-yield savings account. ...
  8. Build up a passive business.
Apr 15, 2024

How much can you earn day trading stocks? ›

The average day trader typically makes $80,000 a year. However, there's no easy answer to how much day traders make. Read more to find out how to be a successful day trader. Day trading is buying and selling stock within the same trading day.

How to earn 1k per day from trading? ›

How to Earn 1000 Rupees Everyday From Stock Market
  1. Education is the foundation. ...
  2. Develop a trading plan. ...
  3. Practice with a demo account. ...
  4. Start small and grow gradually. ...
  5. Diversify your portfolio. ...
  6. Risk management is key. ...
  7. Keep emotions in check. ...
  8. Continuous monitoring and adaptation.
Nov 24, 2023

Is it possible to make $1000 in one day? ›

Day trading or flipping items offer the fastest ways to profits but higher risk. For sustainable methods, affiliate marketing likely the fastest path with enough traffic. Is making $1,000 a day realistic for most people? Yes it's absolutely possible but certainly not easy money.

Is day trading illegal? ›

Day trading is not illegal when it is done within normal trade hours and properly recorded. However, a similar practice known as late day trading is illegal and can be prosecuted under commodities fraud law.

Which trading is most profitable? ›

The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.

Do stocks pay you daily? ›

Stocks pay dividends monthly, quarterly, semi-annually and annually, giving investors plenty of opportunity to earn predictable income.

How to turn $100 into $1,000 investing? ›

10 best ways to turn $100 into $1,000
  1. Opening a high-yield savings account. ...
  2. Investing in stocks, bonds, crypto, and real estate. ...
  3. Online selling. ...
  4. Blogging or vlogging. ...
  5. Opening a Roth IRA. ...
  6. Freelancing and other side hustles. ...
  7. Affiliate marketing and promotion. ...
  8. Online teaching.
Apr 12, 2024

How can I double $1000? ›

Some of the most consistent strategies to double $1,000 include:
  1. Using the money to start a low-cost side hustle.
  2. Starting an online business.
  3. Buying and flipping goods.
  4. Retail arbitrage.

How much money do I need to invest to make $4000 a month? ›

Making $4,000 a month based on your investments alone is not a small feat. For example, if you have an investment or combination of investments with a 9.5% yield, you would have to invest $500,000 or more potentially. This is a high amount, but could almost guarantee you a $4,000 monthly dividend income.

Which trading is best for beginners? ›

Overview: Swing trading is an excellent starting point for beginners. It strikes a balance between the fast-paced day trading and long-term investing.

Do day traders pay taxes? ›

How day trading impacts your taxes. A profitable trader must pay taxes on their earnings, further reducing any potential profit. Additionally, day trading doesn't qualify for favorable tax treatment compared with long-term buy-and-hold investing.

Can I make a living day trading? ›

In summary, if you want to make a living from day trading, your odds are probably around 4% with adequate capital and investing multiple hours every day honing your method over six months or more (once you have a method to even work on).

How to make $1,000 in a day fast? ›

Here are the ten most effective strategies to make $1,000 in 24 hours and increase your income:
  1. Sell Your Stuff.
  2. Freelance.
  3. Get a Side Hustle or Part-Time Job.
  4. Start a Blog.
  5. Start an E-Commerce Store.
  6. Invest in Real Estate.
  7. Set up Passive Income Streams.
  8. Make Money Online.
Sep 5, 2023

How to make $1,000 fast today? ›

How to make $1,000 fast
  1. Sell stuff you already own.
  2. Deliver food.
  3. Pick up a part-time job.
  4. Rent out unused space.
  5. Start freelance writing.
  6. Try affiliate marketing.
  7. Drive for a ridesharing service.
  8. Find odd jobs.
Jan 17, 2024

How to earn 1,000 SB in a day? ›

How can I get 1000 Swagbucks in one day?
  1. Open a Chime Banking Account. By signing up for a Chime Bank Account you can earn 25,000 SB. ...
  2. Drive For Uber Eats. ...
  3. Download and Play Rise of Kingdoms. ...
  4. Signup for Varo. ...
  5. Magic Receipts. ...
  6. Harry's. ...
  7. Invest with Acorns. ...
  8. World Series of Poker.

How can I earn 500 RS per day? ›

Completing 3-4 surveys per day can help you earn Rs 500. Freelancing - Offer your skills like content writing, graphic design, data entry work, virtual assistance etc. on platforms like Fiverr, Upwork, Freelancer and earn fixed project/hourly fees. Even 2-3 small freelance projects daily can make Rs 500.

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