How to Start Intraday Trading With 1000 Rupees?

Start Intraday Trading With 1000 Rupees: If you are a beginner and want to learn trading in 2024 then you can learn intraday trading with a small capital of 1000 rupees. You always have to keep one thing in your mind that you can’t expect any big profits like 10000, 5000 or 3000 from your 1000 Rs capital.

This 1000 Rs capital is just for learning, it can help you because you should not expect big profits from such a small capital, just do it to learn and if you are new then this 1000 Rs capital is enough to learn.

In this article, I will tell you some beneficial steps for starting intraday trading with a limited capital of 1000 Rs, offering a realistic perspective for beginners.

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How to Start Intraday Trading with 1000 Rupees?

The steps to start intraday trading with 1000 Rs are as follows:

Step 1: Pick Quality Stocks for Intraday Trading

If you want to make consistent profits in intraday trading or want to be successful in trading then it’s very important to know how to choose quality stocks for intraday trading. Many people are not able to make profits because they don’t know to select the right stock to trade during the day.

In investing, we get a discount more than the price of the stock i.e. we get leverage and in intraday trading we can pick more stocks in the limited capital, so I have selected three such quality stocks for intraday trading where you can trade with the small capital of 1000 Rs.

The first stock is ITC whose current price is around 435 but if you use leverage in trading then you will get that one stock between Rs 85 to Rs 90, which means you can buy 10 shares and the daily movement of this stock is around 4 to 5, then you can make a profit of Rs 40 to Rs 50 on an average of 10 shares. ITC is an active stock so you will not have any problem in it, you will get to see momentum in the daily market.

The second stock is State Bank of India (SBIN), its current market price is around 820 and you get to see a daily move of 15 to 20 points in SBI, so if you buy 8 to 10 shares then you can easily get a profit of 150 to 200 from this stock.

And the third stock is Hindustan Unilever Limited which is the most profitable and most trusted platform of India. Daily movement of this stock is around 40 to 50 points. If you buy even two shares, then you can make a profit of Rs.80 to Rs.100. [Start Intraday Trading With 1000 Rupees]

Step 2: Start Small and Grow Your Capital

Always start small in intraday trading which is a good approach that allows traders to gain experience. With a small capital of Rs 1000 focus on growing your capital and avoid risking more than 1-2% of your capital on any single trade.

When your capital grows and you are able to make consistent profits, you can increase your position sizes and take more quality trades. By starting small in intraday trading builds your experience and confidence. Learn to manage your risk which increases your chances of long-term success in intraday trading.

Step 3: Choose a Reliable Brokerage Platform

Always choose the best quality or reliable brokerage platform for intraday trading as you will want to stick to the particular platform which is easy to navigate and provides a good user interface.

If you are an intraday trader or do intraday trading and you want to open your account in a platform with the lowest brokerage charges, then you can open your account on best quality trading platforms with real-time data feeds like Zerodha, Paytm Money and Dhan.

Before using a reliable broker platform, ensure that it’s user-friendly and provides access to the markets you wish to trade in.

Step 4: Follow the Trend

Trend following means following the market. Trend following is a very crucial thing for intraday trading. If you do not have trend trend-following system in your setup then it’s difficult to make big money.

There are many tools through which you can follow the trend, such as you can find the trend by looking at the price action. Apart from this, you can do the trend-following system through moving average and RSI. Use technical analysis tools such as trendlines and momentum indicators to identify trends in the market. [Start Intraday Trading With 1000 Rupees]

Step 5: Manage Your Risk Effectively

Managing Risk in intraday trading is very important to protect your capital. Risk management is paramount In intraday trading, especially with a small capital of Rs 1000.

Always keep a fixed target because if you keep a fixed target then that will help you to know when you actually need to exit. Always set a stop loss order because when you take trade in intraday trading you should know that how much affordable to lose.

By managing your risk techniques you can learn intraday trading more effectively.

Bonus Tip: Take Only 2 Trades a Day

With a 1000 Rs capital In intraday trading, you can’t take many trades in a day. So it’s better to take 2 trades in a day, especially if you are a beginner and trading with small capital, then you are bound to make more mistakes.

So make sure that you don’t trade more than 2 in a single day. Otherwise, if you take a lot of trades then you might end up losing all your capital.

Even 1 trade is fine for a single day 1 trade can give a big move and make a good profit. Always focus on quality trades and not on a lot of trades.

Beginners mostly make the mistake of taking two, three or too many trades when they go into loss. To cover up the loss, the beginner keeps looking for opportunities and expects that he will make profit and recover his loss. So if you lose both trades in a day then close the day.

Can I start intraday trading with 1000 rupees?

Yes, you can start intraday trading with a small capital of Rs 1000. With this capital, you have to select the right stocks and you have to take trades on those stocks through which you can learn to a great extent and improve your psychology.

One thing you always have to keep in mind is that you cannot expect big profits from this small capital which is unrealistic. When you start making consistent profits and your accuracy improves then you can do intraday trading with bigger capital.

Starting with a small capital of Rs 1000 or investing in learning and research to develop your trading skills before committing big capital in intraday trading. [Start Intraday Trading With 1000 Rupees]

Conclusion

Intraday trading with limited capital of Rs 1000 presents challenges, but it’s not impossible with the right approach. Small capital traders can also start intraday trading by focusing on low brokerage charges, risk management techniques and continuous learning.

You can learn trading with Rs 1000, focus only on learning and do not think about making profit, just try to save your capital and keep learning. Remember, discipline and patience are the keys to success in intraday trading.

I hope you have loved the information we have shared in this article, to know more about intraday trading you can read our other articles too. [Start Intraday Trading With 1000 Rupees]

Frequently Asked Questions

Q1) Can I invest 1000 Rs in intraday trading?

Yes, you can invest in intraday trading with ₹1000 but only for learning purposes. Because you can’t earn profit with a small capital like ₹1000, hence focus only on learning with this small amount.

Q2) What is the minimum amount to start intraday trading?

There is no minimum amount to invest in Stock Market India and there is no minimum amount to start intraday trading, which means you can start even with the smallest amount. You can also start intraday trading with small amounts like Rs 100, Rs 500 or Rs 1000 but only for learning purposes.

Q3) How much risky is intraday trading?

Intraday trading is quite risky due to the high volatility of the market and the short timeframes involved and it requires quick decision making.

4) Can I invest 100 rs in intraday?

If you want to make profit in short-term price movements then you can do intraday trading. If seen technically, you can invest 100 rs in intraday.

5) Can I make 1k a day trading?

Day trading means trading within a single day, meaning that you are not going to carry forward your position, you will make profit or loss today itself. So, can you make 1k per day in day trading? Friends, you can make much more money than this, it depends on what your capital is.