Many of the traders make the market as their primary source of income. “How to earn 1 percent profit per day” is one of the most frequently asked questions in web page. If we think from the newbies’ side, earnings 1 percent profit per day may seems difficult but not impossible.
By applying some of the basic research methods, traders can estimate the price movements, stock fluctuations. Here, we are going to discuss 2019’s Sureshot Method to Earn 1 Percent Profit Per Day.
2019’s Sureshot Method to Earn 1 Percent Profit Per Day
Choose Only Liquid Shares
Intraday trading deals with squaring open positions before the end of the trading session. For the reason, it is advisable to choose highly liquid shares.
Fix Entry and Target Prices
Before placing the buy order, determine the entry and target price. As per a person’s psychology to change after purchasing the shares, one may sell even if the price sees a nominal increase. For the issue, one may lose the opportunity to take advantage of higher gains because of the price increase.
Utilizing Stop Loss Order
If the price falls below a specified limit, Stop loss is a trigger order that is used to automatically sell the shares. This is too beneficial in limiting the potential loss for investors due to the fall in the stock prices.
Book Profits on Target
Most day traders suffer from psychological influence fear or greed. It is important for investors to not only cut the losses but also to book the profit when the target price is reached.
Investors are advised to include eight to 10 shares in the wish lists and research these in depth. Monitor the price action of those shares prior to investment.
Move with the Market
The market is not fully predictable, even experienced professionals with advanced tools are not able to predict market movements. There are times when all of the technical factors depict a bull market; however, there might be still a decline. Some of these factors are only indicative and do not provide any guarantees. If the market moves against traders’ expectations, it is advisable to exit the position to avoid huge losses.
Stock returns can be hugely profitable, however, earning smaller gains by adhering to these intraday trading tips & strategies must be satisfactory. Intraday trading provides more leverage, which effectively provides decent returns in one day. Being content is crucial to succeeding as an intraday trader.