Profitable Day Trading India

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Read From Tech Tutor to Making Millions in Stock Trading in 4 Minutes. Update: 17 Sep 2022, 17:46 IST Mansi Jaswal Premium

Profitable Day Trading India

About eleven years ago Kavita decided to learn and understand Indian scholarship. At that time, she was earning a salary of Rs 30,000 in a private company. Today, Kavita’s portfolio is worth more than INR 2 million.

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The stock market can be one of the most difficult and dangerous places in the world to make money, especially by trading futures and options. However, there are some who crack it and continue their work full-time. Kavita from Burdwan, West Bengal, who currently works as an IT professional in Australia, has thrived in options trading.

At a very young age, Kavita learned the value of earning money and the art of saving it. A brilliant student since childhood, she started conducting tutoring sessions at the age of 14 where she earned monthly fees of up to INR 250 from each of her students.

“When I was a child, my grandparents and relatives used to give me money as a token of love when I visited their place. I used to keep that money with my mother, as she used to pay interest on a periodic basis, she kept that money with her,” says Kavita.

Kavita believes that parental support in the early stages of your life is indispensable and a decisive factor in your success. She says her parents taught her that anyone can save money by keeping a lid on their spending habits.

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Kavita continued to teach part-time in college. Despite being a topper as a child, Kavita chose a college near her village as her father could not afford the boarding fees. So he used to travel by bus for three hours every day. After coming home in the evening, Kavita used to teach the upper classes till 9 pm. By then, Kavitha had increased her tuition to around ₹400 and taught math and science to school students. The idea of ​​extra income made her happy to be “independent”.

Her teaching journey ended after she got her first job in an IT company in Pune. During her training period, Kavita saw her cabin mate in action. And for the first time heard poetry about scholarship. As Kavita was always in the habit of making extra income for herself, she decided to learn more about share trading. Kavita says that her colleague introduced her to share trading. Moreover, she also acquired knowledge from professional dailies and magazines.

Soon, Kavita started intraday trading and made a profit of ₹200 – ₹400 per day in the initial stages. But for her the exchange was an occasional one. Kavita took a big leap into stock market investing when she took a personal loan of INR 3 lakhs to build a portfolio. She said she took the loan after her colleague applied for the CareerPoint IPO and got high returns on the listing. This decision proved to be a turning point as it not only sparked his interest in the stock market but also instilled in him the zeal of a trader to overcome all odds.

But the loan documents arrived at her home address and her parents were shocked. “My parents, like many families, believed that the stock market was nothing more than a gamble and that no one made money from it,” she said.

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Their hearts swelled with pride when she showed them that her portfolio size had grown to INR 20 lakhs.

However, Kavita says she got formal exposure to other aspects of trading in 2016 during a training session conducted by a brokerage on futures and options. Kavita later started trading futures but lost good money doing so. Also started reading which mutual funds and what big investors have done to recover their losses. That’s when he discovered a strategy covered by call options.

She quickly mastered the ropes of options strategies and was able to earn good returns on her capital. Calling herself a positional trader, Kavita trades weekly and monthly options.

You must have an additional source of income instead of relying entirely on scholarships, she enthused. Her advice for newbies in the stock market: keep working and sidestep the stock market until you accumulate enough funds, knowledge and confidence in the stock market.

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Kavita too has had her fair share of losses. Her biggest loss ever in the stock market was Rs 8 lakh.

However, with her learning and experience, she now makes a good profit from option trading every year. Kavita’s highest earnings in options trading till date was INR 14 lakhs in a single day.

Now that the stock market is a “guru,” she suggests, people get a deeper understanding of stocks and then invest, but “always start small.”

“Suppose one has a capital of INR 10 lakh, one can initially invest between INR 50,000 to INR 1 lakh. They should never put all their money in the market,” she explains.

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Kavita says her success mantras are ‘hard work’, ‘consistency’ and ‘discipline’ and her ultimate goal is to give back to society. Without revealing much about her goals, she only said, “There are more social problems in the country, but she will focus more on women’s issues and try to solve them.”

I write on gender issues, women’s rights, women’s empowerment, gender equality, women’s health and wealth management. Also profiling women fighting against all odds to create a self-identity in their own right. Before Mint, I worked at Business Today and Business Standard. I studied Journalism at IIMC, Delhi. Have a story idea? Email me at [email protected]

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You are now subscribed to our newsletters. If you can’t find any email from us, please check your spam folder. Intraday trading is the buying and selling of stocks on the same day for financial gain. In other words, individuals change their positions before the market closes to take a profit. That said, compared to investing in regulated stocks, it is riskier due to higher volatility. Therefore, you should implement a prudent intraday trading strategy to achieve your financial goals.

As the name suggests, the premise of this intraday trading strategy is to make the most of market momentum. This includes tracking the right stocks before significant changes in market trends. Traders buy or sell bonds based on this change. Stock selection depends on the latest news, takeover announcements, quarterly earnings and more.

Thus, it is imperative for intraday traders to study such news with respect to stocks in their watch list and place buy and sell orders accordingly. As stock prices fluctuate due to various external factors, intraday traders need to make quick decisions to make profits. The period for which individuals hold stocks depends on the momentum of the market.

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When buying and selling securities on the same day, time is undoubtedly the most important factor. This intraday trading strategy involves looking for stocks that have moved out of their usual trading range.

Alternatively, a trader may identify a stock to trade in a new price range. In other words, traders need to identify the threshold at which share prices rise or fall. If stock prices rise above a threshold point, intraday traders consider entering long positions and buying stocks. That being said, when stock prices fall below a threshold, it is a signal for individuals to consider shorting or selling the stock.

The basic idea behind this strategy is that when stock prices cross a threshold, the trend will continue and volatility will increase at the same time.

This trading strategy is associated with high risk. It involves taking investment decisions against market trends based on analysis and calculations. Compared to other methods, this intraday trading strategy is more difficult. Because intraday traders need to have extensive knowledge of the market. Moreover, accurately identifying drawdown and strength can also be very difficult.

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Scalping trading strategy involves making financial profit from small price changes. This method is commonly used by intraday traders while buying and selling commodities. Additionally, this technique is commonly used by people involved in high-frequency trading.

Individuals should keep in mind that the overall fundamental or technical setup is not very relevant in this case. That being said, price action is more important in a scalping strategy.

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