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Journey making $40 a day by investing $400 in the stock market

Discussion in 'My Journey Discussions' started by Brilliant Digital Services, Aug 12, 2019.

  1. Brilliant Digital Services

    Brilliant Digital Services Jr. VIP Jr. VIP

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    Journey making $40 a day by investing $400 in the stock market

    I am talking about Indian stock exchange. Currently I am -800 usd almost - INR 54000

    But in last few days I made $70-100 a day in Intraday trading. I am not running behind the margins, no broker tips, no technical knowledge.

    I guess I have now $2K because of bhw to risk.

    Plan is I will randomly pick 10 companies buy equity in cash, my broker providing me 15 times margins of the money I deposited. So 400x15 will be the money.

    I also decided to deal 25k stocks a deal with just .15 to .30 INR as profit + fee

    Per stock fee will be . 5 paise.

    Will post update after every trading session. If I will make profit few more people can, If further loss Let's see.
     
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  2. filterframe

    filterframe Registered Member

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    Good luck with your journey trading is well above my pay grade but a $400 investment for a $40/day return seems extremely high.
     
  3. Brilliant Digital Services

    Brilliant Digital Services Jr. VIP Jr. VIP

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  4. jamie3000

    jamie3000 Jr. VIP Jr. VIP Premium Member

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    Maybe I'm being sinical here but if you are picking companies at random can this be a long term sustainable venture? Feels like fancy gambling! :)
     
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  5. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    I have also invested in stocks recently and currently at 20% loss. I hope to get 10-15% positive return in an year.
     
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  6. filterframe

    filterframe Registered Member

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    No the investment seems low the profit seems high.

    I am down 60% from a gamble with a RS would be down 80% had I pulled out later.
     
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  7. Brilliant Digital Services

    Brilliant Digital Services Jr. VIP Jr. VIP

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    Yes, this can be. If I will not be in 100% loss.

    You need to follow this. I don't say about me, but you will learn, who is broker by the way.
     
  8. Aaric

    Aaric Jr. VIP Jr. VIP

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  9. iovulkay

    iovulkay Registered Member

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    In trading you can profit both ways, short or long. Don't think there's any problem choosing randomly because of this exact reason.

    Good luck OP!
     
  10. kweiss

    kweiss Regular Member

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    There are times the market ranges and you can't make much. But the last two weeks have been very good to me. 4 months income in under 2 hous of trading just because of what Trump tweeted. And you know these fundementals are temporary. So just trade the retrace of price back to the original trend. Very easy and can be very lucrative but they come only 3-4 times a year. I have been trading for almost 8 years now and now wait for such moments. Perfection! :)

    So yeah, you can make those numbers you mentioned. But not continuously IMO.

    Good luck on your journey!
     
  11. BootyBlaster

    BootyBlaster Newbie

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    Why are you using margin on randomly selected stocks?

    Margin, imo, is better used on super low volatility funds so that 2-3% gained per year means a lot more.

    You're gonna get margin called real quick if there's a lot of volatility and volume

    (Oh, just saw this was indian indian so I have no clue what applies)
     
  12. Khakhat

    Khakhat Jr. VIP Jr. VIP

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    Invest in PNB, Yes Bank, Vodafone idea and hold just for a few months. You'll be around 10X investment
     
  13. kindablack

    kindablack Jr. VIP Jr. VIP

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    Daily $40 from $400 means which means 10%.

    10% daily profit mean you have unstable and risky investment. So, you won’t make 300% a month.

    Target lower to not be dissapointed
     
  14. RebeccaThomas

    RebeccaThomas Newbie

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    Why not just put your $400 in an index fund? It will grow slowly over time and you can let a professional find manager take care of all the picking of good stocks?
     
  15. plantacja

    plantacja Junior Member

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    [​IMG]
     
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  16. Brilliant Digital Services

    Brilliant Digital Services Jr. VIP Jr. VIP

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    I am 60% sure of making $20+ a day with ease, I will play only 4 hours a day with fluctuations in the stock.



    Indian stock market is in a volatile situation. I have plans to sell stock first and buy them on .30 paise dip seems very practical to me.




    The companies I am playing with 60% + are govt sector companies so hoping to hit the target. Last whole week was good I made $100 so planned to do it on regular basis and see if I am doing it in a right way. Also, brokerage will be low with my broker.


    I am doing this from last 10 years burnt thrice and healed too. But first time Intraday
     
    Last edited: Aug 12, 2019
  17. Brilliant Digital Services

    Brilliant Digital Services Jr. VIP Jr. VIP

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    I am targeting $40 a day suppose if I reach $15-25 a day on an average I would be pretty happy.


    Who has patience for few months? By the way I love Yes Bank this will be 200 INR in an year.

    This is only a test. I am not badly running behind the money. I do it link a 4 hours game.
     
  18. Brilliant Digital Services

    Brilliant Digital Services Jr. VIP Jr. VIP

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    Half an hour passed stopped my gambling, I am getting greedy

    Greediness = loss in trading

    [​IMG]
    [​IMG]

    Amount invested 25000 INR less than $400
     
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  19. share4win

    share4win Jr. VIP Jr. VIP

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    All the best...so, you're not following any technical and then how you're choosing the stocks for intraday? BTW, you're broker is Upstox? Also, would you mind to share the stock name here which is not going to ruin any of your profit I believe....;)
     
  20. ellay

    ellay Jr. VIP Jr. VIP

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