How to Earn 100 rs Per Day from the stock market is a realistic goal if you have the right strategy and approach. Many beginners struggle to navigate the complexities of stock trading, but with proper guidance, discipline, and a small initial investment, you can achieve this daily target. Here’s a step-by-step guide to help you get started.
Open a Demat Account to Begin Trading
The first step to entering the stock market is opening a Demat account. This account is necessary to buy and sell shares. Many popular brokers, like Angel One, Zerodha, or Groww, provide seamless online account-opening services. Depending on your preferred device, you can choose a broker suited for mobile (e.g., Angel One) or desktop use (e.g., Zerodha).
To open a Demat account, you need basic documentation, including your ID card, bank account details, and a registered mobile number. Once your account is activated, deposit funds into it, and you’re ready to begin trading.
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Trading vs. Investing: Focus on Daily Earnings
In the stock market, you can either trade for short-term profits or invest for long-term gains. To achieve the daily target of PKR 100, trading is the better choice. Trading involves buying and selling stocks within short time frames, sometimes even within the same day, allowing you to capitalize on quick price movements.
Types of Trading to Earn Daily Income
- Scalping Trading:
Scalping is a short-term trading strategy where you buy and sell stocks quickly, aiming for small, consistent profits like 100 RS or PKR 200. This method requires attention to market trends and quick decision-making. - Intraday Trading:
Intraday trading involves buying and selling shares on the same day. You must close your position before the market closes, regardless of whether you’ve made a profit or a loss. Failing to do so will result in your broker closing the trade for you, often with extra fees. - Futures and Options Trading:
While futures and options trading allows you to start with minimal capital, it is highly risky and not recommended for beginners. The rapid price fluctuations in this segment can lead to substantial losses if not handled carefully.
Use Technical Analysis to Make Informed Decisions
Technical analysis is a vital tool for traders aiming for consistent daily profits. It helps you analyze stock price patterns and determine the right time to buy or sell.
- Support and Resistance Levels: How to Earn 100 rs Per Day
Support is the price at which a stock is likely to stop falling, while resistance is the price it is likely to stop rising. Identifying these levels can guide your trading decisions. - Trend Lines:
Observe whether a stock is in an uptrend, downtrend, or sideways trend. Buy stocks during an uptrend and sell during a downtrend. Avoid trading in sideways markets to minimize risks.
Stay Updated with Market News
Market news significantly impacts stock prices. Positive news about a company can increase its stock price, while negative news can lead to a drop. Stay informed about the companies you trade in to make better decisions and avoid unnecessary losses.
Start Small and Focus on Learning
If you’re new to trading, begin with a small amount, such as PKR 5,000. This allows you to practice trading without risking significant capital. With proper practice, you can earn 100 RS to PKR 200 daily. Focus on learning and building confidence instead of chasing large profits right away.
Discipline and Risk Management
Discipline is the key to success in stock trading. Set realistic daily targets for profit and loss. For instance, limit your losses to 2% of your capital and aim for a profit of 3%. Always exit a trade once you hit your target, whether it’s a profit or a loss. Avoid overtrading, which can lead to unnecessary losses.
Avoid Relying on Tips and Quick-Rich Schemes
Relying on external tips or trying to get rich quickly often leads to losses. Instead, focus on understanding market trends and making decisions based on your analysis. Emotional control, especially over greed and fear, is critical for long-term success.
The Importance of Starting Capital
Starting with PKR 1,000 for trading is possible but not ideal, as brokerage fees can eat into your profits. For meaningful returns, consider starting with at least PKR 5,000. This amount allows you to earn daily profits while covering transaction costs effectively.
Consistency is Key: How to Earn 100 rs Per Day
Trading in the stock market is a gradual journey. By learning, practicing, and staying disciplined, you can consistently achieve your daily earnings goal of 100 RS and potentially increase your profits over time.
How to Earn 100 rs Per Day from the stock market is achievable if you focus on small, consistent gains. With the right tools, strategies, and mindset, you can turn stock trading into a reliable source of income.