How much profits can I make with intraday trading?
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It will be difficult to quantify the maximum profit in intraday trading that you can make before you start trading. While day trading profits can be quite lucrative, the losses can get amplified as well, if the market doesn’t move as per your expectations. Many people make thousands of rupees as intraday profits, some are reported to make lakhs even. You, too, can make profits in intraday trading if you make large volume calls, (the higher the margin, the more profits you can earn), have a high-risk appetite, and have the necessary experience and expertise in using the tools for technical analysis of stocks.
Before starting day trading, you must clearly define your strategy, thoroughly research the stocks you wish to trade in, and regularly monitor their movements. Risk management plays a critical role here. Using features such as Stop Loss orders, you can reduce your losses to avoid them from cutting away into your overall day trading profit.