Is It Possible to Earn $10 per Month Consistently in Stock Market Trading?
Hello Traders,
It all depends on your investment and knowledge. If you have sufficient capital and the necessary experience and knowledge, earning $10 per month in the stock market is possible. However, it's not a guarantee and requires careful planning, research, and discipline.
Key Strategies for Success
Experience and skill are crucial in the stock market. There are many experienced and full-time traders who earn a substantial amount of money, but no one can consistently make a $1 return every day. Making money in the stock market is challenging but not impossible. Here are some key points to consider:
Trading
Trading is a learned skill that comes with experience. Never enter the market with emotions or sentiment; emotions will never be understood by the market. For those ready to take risks, a strategy is essential for not losing money. As a beginner, choose less volatile stocks during the initial period.
Research
No matter how confident you feel about a stock, it should never be purchased without proper research. Even if Warren Buffett recommends it, always research the stock yourself. Review the stock's movement over the last two weeks before buying or selling. This will give you an idea of its potential highs and lows.
Track Performance
It's essential to monitor your stocks daily. Tracking helps to time your exit perfectly. If you do not track, you won't know when it's the right time to sell. Daily tracking is crucial for maximizing profits.
Set Your Goals
After taking a position, focus on adjusting your goals and setting target limits. As a beginner, aim for small profits. Gradually increase your targets and profit ratios as you gain experience. Exiting positions at the right time is equally important.
The Only Path to Profits: Learning the Basics
The only way to make money in the stock market is to learn the basics. Simply attending a training school is not enough to become an expert. Follow a structured approach to learn stock investment. If you don't want to spend the time learning, consider consulting with a registered financial advisor.
When choosing an advisor, be cautious. In India, there are thousands of unregistered advisory companies, so make sure to thoroughly research any advisor you follow. Their guidance can be invaluable and is critical for safe and successful trading.
Real-Time Example
As an example, yesterday I purchased Cholafin at 750.80 and booked a profit of 760.80 this morning, making a profit of $12,500. My initial investment was $230,000, resulting in a profit of 5-6% in a single day. This can happen, and it is possible to get $10 returns per month, but this can only happen with proper knowledge and research.
Thank you for your love and support. Please provide your feedback on my answers and let's help each other make better investment decisions. I hope to assist more people as much as possible.
Wishing you success in your stock market endeavors.
Manushi Bhatia