How to Earn 1 Lakh Per Day from Share Market: Earning 1 lakh per day from the share market may seem like a dream. But with the right strategies and discipline, it can become a reality. Let’s break down how you can achieve this goal. Note, that the journey is not easy and involves risks. But with patience and the right approach, you can succeed.
Understanding the Share Market
The share market is a platform where shares of publicly listed companies are traded. It operates on the principles of demand and supply. When more people want to buy a stock than sell it, the price goes up. Conversely, when more people want to sell than buy, the price goes down.
Types of Share Markets
- Primary Market: Here, companies issue new shares to the public through Initial Public Offerings (IPOs).
- Secondary Market: This is where investors buy and sell shares they already own.
Key Players in the Share Market
- Retail Investors: Individual investors like you and me.
- Institutional Investors: Large entities like mutual funds, pension funds, etc.
- Brokers: They act as intermediaries between buyers and sellers.
- Regulators: Bodies like SEBI (Securities and Exchange Board of India) that ensure fair practices.
Steps to Earn 1 Lakh Per Day
1. Education and Research
Start by educating yourself about the stock market. Understand basic terms and concepts. Read books, attend seminars, and follow market news. Research is crucial. Analyze company reports, study market trends, and keep an eye on economic indicators.
2. Set Clear Goals
Define your financial goals. Are you looking for short-term gains or long-term investments? Setting clear goals will guide your trading strategy.
3. Capital Requirement
To earn 1 lakh per day, you need a significant amount of capital. For instance, if you aim for a 1% daily return, you would need at least 1 crore invested. Ensure you have adequate funds before you start.
4. Choosing the Right Stocks
Select stocks with high liquidity. These are shares that can be easily bought and sold. Look for companies with strong financials, good management, and growth potential. Diversify your portfolio to spread the risk.
5. Technical Analysis
Learn technical analysis. This involves studying charts and patterns to predict stock movements. Use indicators like Moving Averages, Relative Strength Index (RSI), and Bollinger Bands. Technical analysis can help you make informed decisions.
6. Trading Strategies
a. Intraday Trading
This involves buying and selling stocks within the same day. Focus on stocks with high volatility. Set strict entry and exit points. Use stop-loss orders to minimize losses.
b. Swing Trading
Hold stocks for a few days or weeks. This strategy aims to capture short to medium-term gains. Monitor market trends and economic news.
c. Scalping
Make multiple trades in a day to capture small price movements. This requires quick decision-making and constant monitoring.
7. Risk Management
Risk management is crucial. Never invest more than you can afford to lose. Use stop-loss orders to protect your capital. Diversify your investments to reduce risk. Keep a close watch on your portfolio.
8. Stay Updated
Keep yourself updated with market news. Follow economic events, company announcements, and global trends. Use tools like stock screeners and market analysis software.
9. Discipline and Patience
Stay disciplined. Stick to your strategy and avoid emotional decisions. Be patient. Success in the stock market takes time and persistence.
Tools and Resources
- Brokerage Accounts: Open an account with a reputable broker.
- Trading Platforms: Use reliable trading software.
- Market Analysis Tools: Tools like TradingView and MetaTrader.
- News Sources: Follow financial news websites and channels.
- Books and Courses: Educate yourself continuously.
Challenges and Risks
- Market Volatility: Stock prices can be unpredictable.
- Emotional Trading: Avoid making impulsive decisions.
- Economic Factors: Global events can impact the market.
- Regulatory Changes: Stay informed about new regulations.
- Capital Loss: Be prepared for potential losses.
Earning 1 lakh per day from the share market is possible but challenging. It requires significant capital, knowledge, and discipline. Start by educating yourself and setting clear goals. Use technical analysis and develop solid trading strategies. Manage risks carefully and stay updated with market trends. Remember, patience and persistence are key to success. Always be prepared for the ups and downs of the market. Happy trading!
FAQ: How to Earn 1 Lakh Per Day from Share Market
Q. Is it really possible to earn 1 lakh per day from the share market?
Earning 1 lakh per day from the share market is theoretically possible, but it requires a combination of significant capital, expertise in trading, and a high tolerance for risk.
Q. What are the basic requirements to start earning such a large amount from the share market?
To aim for such returns, you need a substantial amount of capital, a thorough understanding of the stock market, sound trading strategies, and the ability to manage risks effectively.
Q. What are some common strategies used to achieve such high returns?
Strategies commonly employed include intraday trading, swing trading, and scalping. These strategies involve making quick decisions based on market movements, technical analysis, and economic indicators.
Q. Do I need any special skills or qualifications to succeed in the share market?
While there are no specific qualifications required, a good understanding of finance, economics, and market trends can be beneficial. Additionally, skills such as risk management, analytical thinking, and discipline are crucial.
Q. How much capital do I need to start aiming for 1 lakh per day in earnings?
The amount of capital required depends on various factors such as your trading strategy, risk tolerance, and the current market conditions. Generally, a substantial amount of capital is needed to generate such high returns consistently.
Q. What are the risks involved in attempting to earn 1 lakh per day from the share market?
The share market is inherently risky, and attempting to earn such high returns carries significant risks. These include market volatility, economic downturns, regulatory changes, and the possibility of capital loss.
Q. How can I minimize the risks while aiming for such high returns?
Risk management is essential. This involves diversifying your investments, setting strict stop-loss orders, and avoiding emotional decision-making. Additionally, staying informed about market trends and events can help mitigate risks.
Q. Is it advisable for beginners to aim for such high returns in the share market?
For beginners, it’s generally advisable to start with smaller, more realistic goals and gradually increase your targets as you gain experience and confidence in your trading abilities.
Q. Where can I find resources to help me learn more about earning from the share market?
There are numerous resources available, including books, online courses, seminars, and financial news websites. Additionally, joining online forums or communities of experienced traders can provide valuable insights and support.
Q. What mindset should I adopt when aiming for such high returns?
Patience, discipline, and a willingness to learn are essential. Understand that success in the share market requires time, effort, and continuous learning. Be prepared for both successes and setbacks along the way.
How to Earn 1000 Rupees Per Day from the Share Market