Is it Really Possible to Earn a Living Just by Trading in Indian Stock Market?
… Is it really possible to earn a living just by trading in Indian market …!
Yes it is possible. A lots of traders are there in the market who are trading for their living. But keep in mind it is applicable only for those traders who are really highly expert in stock trading, working for many years and have made their own trading strategy matching with their personality.
If you are a new comer and learning this great trading then it may not be applicable for you. Trading is only for those people who have a great discipline, patience ability to handle huge pressure and updated with every moments of the market movements.
But making money continuously from stock trading is a very tough task for an average trader, you have to become an expert on this field and keep in mind expert means expert !
If you are busy with your 9 to 5 regular job and you are not a full time day trader, by misguiding & listening from others you are dreaming to earn a huge amount by taking broker’s leverage (10 or 20 times or more than that of your original balance), then please stop dreaming and becoming a crorepati by doing stock trading without proper knowledge.
Take this as STOCK MARKET BUSINESS.
In that case you can approach swing trading with very short term or short term period, keeping in mind that you will buy using your own original balance (without taking any leverage).
In swing trading you have the choice to hold the stocks for as many days as you wish to hold (But in day trading you have to sell your shares before market close and you are bound to do so, some brokers are giving the facility to hold for T1, T2 Days etc. but it is more risky to me to buy shares borrowing money from brokers or any other person).
So my suggestion is to you that please try to become an intelligent value investor like a genius businessman. Stay updated with the market and wait for the best shots only. No need to buy & sell the stocks every day, keep your patience — wait for best buy position of good stocks (best oversold or under valued position of good stocks) and after getting that best buy now stocks make your investment on those stocks, it can be for 1 month, 2 months or even more than that. But keep in mind in this process you will get a handsome profits like 8%, 12% and some times more then that continuously (I think making more than 8% profit from stock market investment/ business in every buying is really a smart job). In this case you need not to seat in front of computer from 9 am to 3:30 pm, only 1 to 2 hours is enough for your own technical & fundamental analysis. Just you have to learn in details how to experiment and analyze any stock before investing.
I have practical knowledge & experience of this great business as a day trader as well as an investor . Depending on my experiences I would like to suggest you that:— Try to become an intelligent value investor like a genius & brilliant businessman and enjoy the returns from this great business.
Happy Investing .