Yes, there are so many people who earn in lakhs every month from their investment in mid-cap stocks. And what they do is no secret to anyone. But here’s a thing first…
Midcap stocks have always delivered big rewards to the investors and traders. In fact, mid-cap stock rose almost 800 percent since 2017. So, the general perception that if you want to make more money, you must pick large-cap stocks is totally flawed. Market cap matters less—it all depends on your strategies, set of actions and timings.
Now coming to your exact question, these people earn lakhs every month from intra-day trading. In fact, trading is their full-time job. So, if you want to make the same amount, you first need the commitment and hard work. You can’t expect same rewards by trading part-time.
Start day trading. For this, you need an adequate amount of knowledge. Meaning, you must invest sufficient amount of time in learning the its-and-bits of day trading, which is quite challenging. For that to happen, you must start by treating trading as a business and not a side-income gig.
Next, you’re going to have to do some research on good mid-cap stocks. Here, stick to the basic rule of diversifying your portfolio. Don’t put all your eggs in one basket. If needed, take help from experts. Have a proper money and risk management strategy. Spend some money on the right set of tools and software.
Whenever you trade, have definite goals. Set stop-loss and take-profit positions. Stop fearing small losses. Play the game with a long-term perspective. And also, most importantly, form a disciplined habit. Just like a business cannot be run irregularly—neither can trading. You’ve got to keep working hard, keep on learning and making smarty strategies. This is how many traders make lakhs every month from their mid-cap stocks—and this is how you can do the same.