If you want me to build optimism in you I would say you can make 1000 with 50000, but you have to do a lot of study. you have to understand how stock market works.
Let me list out the basic things you have to follow,
- Open a trading + demat account first, since you are asking for intraday trade. Go for the brokers who offer low brokerage such as zerodha, Upstox.
- There will be some basic materials available in your stock broker’s website for e.g zerodha varsity gives materials to understand the basic concepts of trading and technical analysis. Read all those and watch some you tube videos on how your broker’s trading platform works.
- Enter into trading, without trading and just by studying some books you cannot understand how things work in stock market so start trading with stocks that have high volume of trade and more volatility.
- Never blindly trust experts advice, you do your own analysis.
- Be disciplined, do some analysis and study before you buy or sell something.
- Never panic.
The points above will give you some positive thinking on intraday trade, but I like to tell you that you cannot make 1000 out of 50000 daily. some days you will suffer loss and for some days you will get profit. My personal advice is to go for a long term trade and intraday will cause you lot of disappointments.
Thanx for reading🙂