Yes, it’s possible to make a good monthly income from stocks. Through stock market two most important types of trading helps you to make money as
1. Day Trading (Intraday Trading)
2. Delivery Trading
In day trading, all you need is to make purchases and sell stocks on the same day. Whatever you purchased, will be automatically sold out 15 minutes prior to the market close.
Related Read: Best Movies About the Stock Market
In delivery trading, you can purchase the stocks of a particular company, and you can sell them whenever you want. It means you can sell them either on the same day or you can take days/months/years to sell them (swing trading vs day trading). It is one of the best ways to hold assets and sell them with good revenue.
Recommended Read: What is SSR in Stocks?
Well, if you target $1000 per month then, you must invest at least $100-$1000 for a monthly income from stocks. Also, it depends on the company’s progress. You need to invest your money accordingly as
1. Invest $100 in each ten best companies. You must need to check the company’s historical data and ratios before investing.
2. It is possible that a company can convert your money from $100 to $300 or more. But, it is also possible that a company can decrease the value from $100 to $50. You can purchase more stocks at a price of $50 so that you can cover the investment and make profits.
3. Intraday is one of the best options of make monthly earnings. Through this trading option, you can put in less money and purchase the whole stock and you can sell it once you receive your revenue. You can also do commodity trading and currency trading.
For example – You purchased a share of $100 by paying just $10 for it, and you can sell when the share reached $110-$120. If you purchase 10 shares by paying just $100, you can make $100 in a single day and if you purchase 100 shares by paying $1000, you can make $1000 in a single day. The most important thing you should be in mind is your study about the company and your skill to invest in rewarding time and sell out with a profit.
If you are not a professional investor, you are just a beginner then, it would be best to do intraday trading with very low money which even if you lose, you don’t feel sad. Delivery trading is the best option for beginners.
Yes, you can make a monthly income from stocks. It is possible that few days you could face losses in your pocket but, on the remaining days, you can make a good profit which can be a reason for your good monthly income. You can open a trading broker account, and sometimes you can follow the broker tips along with your study which could help to make a good income.
Recommended Read: Make a living trading futures