I am currently in my final of B.SC and i saved the sum of rupees 10,000 for learning trading. I just want to learn intraday trading in stocks and money management. I don’t want to do f&o. My concern is whether this 10,000 is enough for intraday stock trading or do i have to increase the amount and please suggest me to some youtube channels which give insights only to intraday stock trading (not f&o) .Also update this 10,000 is enough to do swing trading because the kind of funds people deploy in f&o is staggering for me.Kindly advise.
Hi @learn_now
Of course, you can trade with 10k
In fact, for the first few years, your focus should be on learning as much as possible by deploying as little money as possible.
All the best and we hope to see you regularly on TradingQ&A
Welcome to the forum
Since you are doing intraday, I would suggest that you buy a mutual fund with 10k, then pledge it in Zerodha.
Zerodha holds mutual funds in demat mode, you can pledge it and get margin.
This margin is fake money. You can trade to it’s equivalent.
Eg: You pledge 10k of mutual fund units. You will get 9k of margin which you can only use intraday (not for buying stocks to hold). Since intraday gives 5x leverage, you can use it to buy stocks worth 45k intraday.
5x leverage is only for intraday. If you put ₹5, you can trade (intraday) for ₹25 in some stocks.
What happens if you make a loss in intraday? You have to deposit the losses as actual money (via UPI, etc). Pledging is just a safe guard if you don’t repay. You still have to repay losses if you pledge.
Be careful with leverage. It amplifies your profits by 5x, but also loss by 5x. Can get you into a sticky situation easily.
Just don’t buy any course, even if jhunjhunwala himself comes and asks you to buy it.