MathsWordIndia: How much can I earn from intraday trading with Rs 20K ? How much can I make from intraday trading in my initial stage ?

How much can I earn from intraday trading with Rs 20K ? How much money can I make per day from intraday trading.

Although I personally not interested in doing intraday trading now. I used to do intraday trading in my earlier days. Now I follow mainly swing trading for very short term or short term period with a target around 10% in every buying.

If you want to become an aggressive day trader, from my previous experiences I want to suggest :

Choose only one or two stocks (say Axis Bank and Just dial).
Before starting your trading, just follow this stock each and every day regularly for at least 15 days . See it’s 15 minutes Heikin Ashi candle stick chart, volume, depth, volatility, Relative movement with market, Stochastic momentum & RSI movements.
Only this one or two stocks, if you follow very closely (for at least 15 days continuously from 9 am to 3:30 pm), your accuracy percentage will be very high, because you will be able to learn about this stock’s every single movement.
Now finally, use 15 minutes Heikin Ashi candle stick chart with three different moving average, Stochastic Momentum, RSI and MACD for the better result. You must take your entry position only when these four indicators together all tell you to enter. Never take entry position depending on only one indicator’s (among these four best indicators for intraday trading) signal. The best result you will get only when all these indicators together will tell you the same signal.
Now coming to your target and stop loss, If you are an aggressive intraday trader then your profit target percentage should be very minimum with a reasonable stop loss. But your number of shares will be maximum. So if you use 20K for intraday, you can buy for maximum of Rs 4 Lacs in equity cash segment (If you use Zerodha account). In my experience the best target and stop loss combination for intrady should be only 0.5 % profit target with a stop loss of 0.3% (for a aggressive intraday trader). There are various strategy available in my hand, among them I think this is the best.
If your accuracy is around 80%, and as an aggressive intraday trader you can complete around five trades each and every day.
Now see your per day earnings from intraday trading :