How To Earn $100 Per Day From Share Market
Most people who come to the stock market have a question in their mind - how to earn $100 per day from the stock market? However, many of them fail to do so due to lack of knowledge and experience.
The two simplest ways to make money are to work for a living or to set up your own business. In both cases there is a complete digestive tract that requires a lot of time and effort to learn that particular job.
If you are stuck in a regular job, you will not have enough time to earn extra income or to do any other activities or learn. In this case your assets will be limited to the money saved from your salary.
Most Important Things to use in Stock Market
You will not have a good opportunity to trade in the market every day, and if you think of earning from the stock market by trading every day, you may suffer heavy losses as a result. If you still want to trade daily, you should practice on paper or virtual trading and if you succeed in that, you can continue to make real investments.
These things needs before you invest in stocks -
- Initial investment
- An internet connection
- A trading account
- The knowledge to invest properly.
How much capital is required to earn Rs.1000 daily from the stock market
The more capital you invest, the easier it will be to earn $100 daily. You need to invest at least $2500 to get a daily return of $100. You can start trading by investing less money but you should also invest a good amount of money later for better returns.
10 Trading Tips To Become A Successful Stock Trader
- Never trade with borrowed money.
- Don't keep money in your trading account for the next few months.
- Earn small amount is better than lost more money.
- Trading is like a battlefield, the more you trade the more you gain without losing your capital.
- Instead of following the buying / selling tips, create your own successful trading strategy.
- Don't use all your money in one stock, even though it is very profitable. Try not to use more than 30% for a trade.
- Trade according to the trend.
- Don't trade too much. If you make a profit for the day, close the business.
- If you are at a loss for a trade, take a break. Damage will affect your judgment and you can do more harm.
- If you waste your sleep for business, you are doing something wrong. The tired brain is unable to make the right decision.
What is the rule to earn $100 per day from the stock market?
1. Trade in high volume stocks
The first rule of intraday trading is to always keep an eye on high volume or liquid stocks. The word ‘volume’ refers to the number of shares that move from one hand to the other in a single day. Since you have to stop trading before the end of the trading hour, the probability of profit depends on the liquidity of the stock.
2. Trade your greed and fear behind you
Put fear and greed aside and trade in the stock market otherwise they will always stop you from moving forward. Stock traders should stay away from these. Decide which stocks you will trade and remember that even big traders cannot make a profit every day.
3. Set your entry and exit points
These are the two main pillars of the stock market. As a trader, you need to identify these points correctly. You get leverage to grow your business faster if you can afford it. Determine the exact time of your entry before trading the stock and exit after reaching the price target. If the stock is below its target then this is a good time to invest because in that case you can expect a little extra profit.
4. Limit losses by using stop-loss orders
Intraday traders must adhere to the stop-loss process if they want to avoid huge losses. If you are a new trader, your stop-loss should be set at 1%. For example, suppose you buy shares of a company for $100. So, if the stock price falls to $1, automatically closed your position which will save you from too much loss.
5. Follow the trend
Trading intraday can be your safest bet to follow the trend and ensure profitable trades.
Set your stop-loss and your specific goals before you invest.