Make Rs 5,000 Per Day Trading the Market

Feb 25, 2021

Vijay Bhambwani, Editor, Fast Profits Daily

Two days back, I recorded a video on getting the maximum out of yourself by trading three markets - equities, currencies, and commodities.

I want to put forward the idea to you that it is actually possible to run your home and heart expenses entirely from trading.

Yes, it's possible.

In today's video, I will use an example of someone who wants to earn Rs 100,000 per month.

I've broken that down to Rs 5,000 per day.

How do you go about this and what should you know even before you get started?

Let's find out...

Hello friends. This is Vijay Bhambwani and I've come back with you in this video to continue with how to be a better trader series of videos that I promised you I would record for you.

Day before yesterday, I recorded a video as to how you can get the maximum out of your own self by trading three markets which is equities, currencies, and commodities. You see, the total trading hours in commodity markets which start at nine am and trade right up to midnight, is 15 hours. Take another 2 to 3 hours for pre and post market preparation and you're looking at an 18 hour work day.

There was a reason why I recorded this video and the reason is that I want to put forward the idea to you that it is actually possible to run your home and heart expenses entirely from trading.

In this video, I'm gonna start with few baby steps required to basically get this thread going. I am assuming that you are a family of four and your household expense is approximately, now this is hypothetical figure, is approximately 100,000 or Rs 1 lakh per month. You see the way to do this is to break up your targets into smaller, achievable targets and then try and meet those targets so as the bigger target, which is the monthly expenditure, is covered fully.

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Before you have a question like, should I quit my job to start trading, I'll answer this in one simple word. No is my answer do not quit your job to start trading full time. At this point in time, let your trading improve to a degree where you can cover not just 100,000, but a little more. Maybe 125,000, 150,000, 160,000 per month before you even dare to think of quitting your job.

You see getting a monthly salary, a monthly cheque, is a big comfort. Probably that is one big reason why your current trading is doing well because you know there is a Plan B. There is monthly money coming in from your job, and therefore, you are trading at peace. Once the job goes and you start trading alone for a living, you will be like a cat walking on a hot tin roof. You will be jumping at each and every small loss that you incur and losses will come in trading.

So that question out of the way, whether you should quit your job to trade full time, give it some time. First reach 150,000 to 200,000 per month in trading profits. Then you think of quitting your job.

But how to basically enough from the market to be able to run your house, assuming that your expense is 100,000 or Rs 1 lakh a month?

You see, when you want Rs 1 lakh a month, you have to be a lot more calculating, a lot more planning, and a lot more ideating in place, and common sense tells you that there are 20 trading days in a month, which means that you are now required to earn Rs 5,000 on an average every day.

Now it's but natural that the markets are nobody's personal domain and they are not here to give you Rs 5,000 per day like clockwork, and there are going to be no losses at all. Not only are they going to be losses, but those losses will upset your apple cart and put you on the road to high stress.

For example, let me just give you a scenario where you are making Rs 5,000 on day one. You know what? This is nothing to celebrate about. You've just done your job. What if on the next day, you have neither made nor lost money either because you broke even or maybe you did not trade at all?

The pressure on your head starts to increase geometrically. Why? Because on the next day you will have to make Rs 10,000 which is double so as to meet the monthly target. God forbid, and this will happen, if you lose money to the extent of Rs 5,000 on any particular day, you know what happens?

On the next day you will have to make 15,000. 5,000 to cover the loss of yesterday, 5,000 to cover the profit target of yesterday, and 5,000 more for the profit target of today. Which is why I said do not quit your job. Trading can be a hyper hyper strenuous situation, especially when you're not really a savvy trader or an experienced trader. Stress can kill you, kill your performance and kill your targets.

Now the reason why I recorded this video day before yesterday as to how you can push yourself without burning out and without tiring yourself out by trading three markets is there is one more planning bifurcation or actually in this case, trifurcation, is what I have in mind.

So you start to basically target Rs 1,500 to Rs 2,000 per asset class. So is it possible for you to make say Rs 2,000 from equities trading between 9 am to 3.30 pm? Can you not make Rs 1,500 to Rs 2,000 between 9 am to 5 pm from currencies? Is it not possible for you to make Rs 1,500 to Rs 2,000 between 9 am to midnight from the commodities markets?

You see, when you start to break your entire goal into smaller, achievable targets, you suddenly have stress levels which are absolutely manageable. They don't bog you down and nor do they break your morale because these are baby steps that you're taking one at a time, which is basically taking you towards your monthly goal.

This is not the end of this video. I've split this and there are more parts coming to this video. I am not done with the series of how to be a professional trader and trade for a living. There is more coming your way and I am gonna be talking a lot more about the psychological aspects of trading as well.

I bid goodbye to you in this video not before reminding you, if you have like this video, please click on the like button and in case you haven't already done so, subscribe to my YouTube channel and click on the bell icon to receive instant alerts about fresh content being put up here.

In the comments section do let me know what you think of this video and what you would want me to record next. Also help me reach out to like-minded people by sharing this video, with your family and friends. I wish you a very, very profitable day ahead. Vijay Bhambwani signing on for now. Thank you for watching me. Bye.

Warm regards,

Vijay L Bhambwani
Vijay L Bhambwani
Editor, Fast Profits Daily
Equitymaster Agora Research Private Limited (Research Analyst

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7 Responses to "Make Rs 5,000 Per Day Trading the Market"

SIBABRATA SUTAR

Mar 7, 2021

Dear Vijay,

Vedio will be more informative when you provide the techniques how to do trade to achieve 5k per day.

Like (1)

Premkumar R

Feb 28, 2021

Very good video.

Like (1)

Harish Priyani

Feb 27, 2021

Informative..

Like (1)

KUSH SINGH

Feb 26, 2021

Please share the knowledge and tactics of becoming a good trader. It would be crucial for future planning.

Like (1)

hari

Feb 25, 2021

eaquty

Like (1)

Sririramachadra murty

Feb 25, 2021

Excellent tip Sir. You are my guru

Like (1)

D R Nair

Feb 25, 2021

Vedio was useful

Like (1)
  
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