How to Earn Money by Intraday Trading from Home

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What is Intraday Trading

Intraday trading means taking any trade for a day and it can include Stocks, Options, Futures, or Stock Options. These trades are executed as fast as in 1 min and as long as 1 Trading day. Most people trade-in options in Intraday trading, so we will talk about Intraday Options Trading.

Capital Requirement for Intraday Trading

Experts mostly suggest that if you have 1 Lakh Rupees to trade, then you should start trading with only 10% of your total amount i.e. Rs.10,000 which will teach you lessons about trading and even if you lose the whole amount, you will be left with your 90% capital to trade afterward.

And there is no minimum limit for trading. You can trade with an amount as low as Rs.1000, but it will take a lot of experience and expertise from you to make a profit from it. 

As if you trade with an amount like Rs.10,000 you can lose once but the second time you have the chance to recover your losses but with Rs.1000 the case is different and you will not have any second chance to recover your losses.

Monthly Earnings through Intraday Trading

For the first month, you should focus on learning and should not expect any returns from the amount you deposit in your account. Think like it is the fees required for your coaching for intraday-trading. Because once you learn the method, there is no limit to your monthly earnings or daily earnings.

Once you know how to trade, you can even make 30-40K per month with just a minimum investment of 20K, and it is more than any other job you are being offered in this pandemic. Because you can work with your own timings and can also work from your home, so there is no risk of COVID-19.

Requirements for Intraday Trading

Anybody can earn money through Intraday trading just you have to know 8th Class Mathematics and you should be 18+, with a Pan Card which will help you open a trading account through brokers like:-

1. Angel Broking

2. Tradeplus

With this one additional thing you will require is Technical Analysis and understanding of chart patterns which will help you buy at the right time and exit at the right time.

You will also require some Emotional control which will help you see your portfolio in the negative because mostly when people see their portfolio in losses they usually take foolish decisions and make more losses.

You should adapt to a Trader mindset which will help you be stable when you make a loss and also in the limit when you make a profit, which is the most important thing.

Things to Keep in Mind while Trading

Avoid Overtrading: Overtrading is the factor that makes most of the traders take big losses. Everyday you trade you should keep some limitations on yourself like if you make a loss in the 1st trade then you will take the second and then you will quit the day if you even make a loss in the 2nd trade. In this way, you can stop the future losses which can occur.

Maintain Stop-Loss: Stop-Loss is the most important thing in trading. If you do not apply stop-loss in your trades, you would end up losing most of your capital in the very starting days of your trading career.

Stop-Loss saves your capital and keeps a chance for you to trade again and mean the money next time. Most of the biggest traders give guidance that if you don.t maintain stop-loss on your trades, you can never end up earning money from trading either you will be even at the end of the session or in a loss.