Dear friends,

everyone wants to become rich and rich fast.But is it possible to become rich by intraday share trading?

Today we will analyze if its really possible to become rich by share trading or by investing in stock market.

I will try to understand if its possible by sharing with you my real experiences of share trading and investing in equity market.

Its not your fault if you are born poor but if you die poor , people will question you.

Great business motivational speakers will tell that its not your fault if you were born in a poor family ,but if you couldn’t become rich by your efforts in your life and die poor , than its definetely your’s fault.

Well, thats true to some extent.And everyone should try their best to uplift their living standards and life by earning more and more as they grew old and experienced, consequently becoming rich. Trying to become Rich or super Rich through legal and authentic way is always good.

Success in this type of endeavour will need more patience and time ,but is sure ultimately.

But the present generation doesnt want to wait so long to become rich and affluent. They want to become rich fast and enjoy life.

And they turn to share trading ,commodity trading or forex trading etc with the dream of becoming rich very fast.

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I was also interested to Make Money from Stock Markets in India

After doing my graduation I was trying to be a self employed by doing various big and small buisness and trading

Share market always used to atttract me and I was very much interested in share trading.But I was also very scared at the same time to invest in share trading as I had heard that there might be huge loses also in share market, if you take it like gambling.

ut I had heard the big famous names like warrent buffet and rakesh jhunkhunwala. I had heard the stories of them becoming super rich by investing in shares and stock.And their real life stories motivated me to try my luck in share trading.

So one day when one of my brother’s friend told me that he was a share broker ,I immediately opened a demat and share trading account in his company.

I wanted to make money in intraday trading

At that time I had the basic knowledge that if you have some capital amount than you can be successfull and profitable in the stock market only by investing that amount for a longer period of time .

And if you dont have much capital amount and want to invest and profit fast and daily than you can do intraday trading in the stock market.So i had the basic idea of investing and trading in shares.

I wanted to earning money in the stock market but I didnt had much money.So i opted for intraday trading or day trading.

what is intraday trading or day trading?

Intraday trading in simple terms is just buying and selling in the stock market during the whole working hours of stock exchange with the prime objective of gaining profits from the movement of stock indices.

So it is not basically an investment in the real terms but trading of shares in the real terms .

Margin trading in shares motivated me to start intraday share trading

As already mentioned earlier I was short of enough capital to go for long-term investing in stock market.What i could have managed was few thousand rupees.So I was more interested in intraday share trading because of the facility of margin trading offered by borrower.

what is margin trading in shares?

Margin trading in intraday share trading is buying multiple times of the value of share ,than the amount deposited to the trading account. It is possible because your broker will give you facility of buying 4 to five times your deposited amount .This is called leverage .

Generally a broker gives facility tp buy shares of the value of 4 to 5 times than the deposited amount by the customer .

I thought I can easily buy and sell in the same day in share market and earn handsome income from it, So i started intraday share trading.

I was convinced that intraday trading in share market can be done with low investments and huge returns.It was my misconception because its not true for a new investor or trader in share market.Only after spending a considerable time and gaining huge experience in share trading can help anyone to earning a regular income from the share market.

But I was very excited to earn regular huge income from intraday trading and started by journey.

I deposited a small amount in my newly opened share trading account and started intraday trading in shares.

I thought I can earn 1000 Rs Per Day from Share Market by intraday trading with my small investment.

Intraday share trading looks very simple from outside. It looks as simple as buying a share of a company when its price goes down and selling it when its price is increased and gain profit from such operation, within a day only.

But in reality its not such a simple phenomena. Its really very hard for anyone to predict the exact movement of share during intraday trading.And for a new share trading guy its really impossibe to predict the exact movement of shares during intraday trading session.

What generally a new intraday trader does is a kind of gambling as they buy or sell shares on assumptions news. or suggesstions and not on the basis of strong fundamentals of a company’s share.

In such type of intraday trading you can never make consistent profits but more loses.But since I was new in share trading field I was very confident of the predictions and suggesstions sometimes and took decisions which really proved very harmful to me financially.

Actually I wanted to earn profit from intraday trading everyday .But now according to my experience in share trading its almost impossible for a new share trader to earn regular profit on consistent basis from intraday trading.

But I still believe that its not impossible to not earn regular income from intraday trading.But that you can only do after consistently doing intraday trading over a longer period of time and becoming expert in the field.

But you should never expect to earn regular income in share trading by doing day trading if you are a new share trader.

So I started share trading but failed miserably after some initial success.

The most important reason I realised why new intraday trader lose their money in the stock market.

There are many successfull day trader earning huge profits on daily basis.But they are just handfull of them and majority of the new intraday trader make loses in the stock market.

I was also unfortunately not successfull in earning any profit from intraday share trading and incurrred huge loses.

SO I would suggest you to not invest and start with huge amount in intraday share trading ,but to invest a very small amount and learn gradually how the share market practically functions.

The main reason for my failure as a intraday trader i realised is my over optimism and over confidence in buying and selling stocks.

intraday trading is short term affair and over optimism and over confidence makes a trader hard to take quick decisions. If we keep believing that a particular stock will rebound after falling continously even after it keeps falling than there is no time left to regain the loses.

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The 2nd most important reason for my failure in intraday share trading was my greed of using the maximum leverage and margin offered by brokers to buy maximum amount of stocks.

I think I failed in intraday share trading also because of taking more risk than capacity.

It is really very dangerous to use 4 to 5 times margin of your deposit to buy shares during intraday because if your trade goes wrong all your investment could be wiped out.

I was very confident in my early days in share trading whenever i took a position and used maximum leverage and consequently repeatedly made huge loses as my maximum assumptions went wrong.

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