Playing stocks to generate income every day – Is it really possible or just a dream?

The question many people are interested in is whether it’s really possible to make a profit of 1,000 Baht per day from stock trading. The answer is yes, it is possible. Although it depends on several factors, many traders and investors have succeeded in doing this, whether as a main profession or a side income.

Be Prepared: What Investors Need to Know Before Entering the Market

Knowledge is the First Foundation

In the current economic situation, even a regular job income is often insufficient because inflation is eroding the value of money. The problem is that a fixed deposit of 100,000 Baht yields only 2-5% interest per year, which is about 200-400 Baht per month. There must be other ways to generate income.

Trading stocks can yield better results than traditional bank deposits, but it must start with basic knowledge. The first question to answer is: what asset class will you invest in? Gold, currencies, or foreign stocks?

There are many ways to learn:

• Start by watching videos on YouTube or reading articles to understand the basics broadly.
• Take quality trading courses or hire experienced coaches.
• Choose instructors who focus on generating cash flow to align with your goal of 1,000 Baht per day.

How Much Should the Starting Capital Be?

You don’t need a huge amount of money to start trading. There are options to consider:

1. Moderate Capital (around 34,000 Baht or 1,000 USD)

• Profit target: 1,000 Baht per day
• Desired return: 3-4% per day (30-40 USD)
• Suitable for: Traders aiming for short-term, quick profits

2. Recommended Capital (around 100,000 Baht or 3,000 USD)

• Profit target: 1,000 Baht per day
• Desired return: 1% or more per day (30 USD+)
• Suitable for: Investors who want to reduce risk and have more stability

Short-term vs Long-term Trading – Which Style Fits You?

Generating income from stocks mainly involves two approaches. Success depends on which style suits you best.

Short-term Trading: Quick Gains

Short-term trading means buying and selling within a brief period, from minutes to hours, profiting from price volatility.

What to do:

• Plan clearly: Set profit targets (Take Profit) and stop-loss levels precisely. For example, if aiming for 1,000 Baht daily, determine how many trades to make, profit per trade, and maximum loss.
• Use analysis tools: Look at candlestick charts in short timeframes like M1, M5, M15 to identify support and resistance levels. Use indicators like MACD, RSI, or Stochastic Oscillator to aid decision-making (this method is called scalping).
• Choose volatile assets: Trade stocks with good price movement, especially during economic news releases or when international markets open, such as US tech stocks at 8:30 PM Thai time.

Example of short-term trading:

Apple (AAPL) has experienced clear volatility periods, creating support levels that often rise. Traders can buy at support signals, set stop-loss at the lowest support, and close profits when the price breaks out upward. Repeated trades like this can yield better returns.

Long-term Investing: Careful Holding

The second approach is holding stocks long-term, allowing prices and dividends to grow over time.

How to do it:

• Plan your investments: Instead of aiming for 1,000 Baht daily, consider weekly or monthly goals, such as 5,000 Baht per week, allowing for longer-term holdings.
• Fundamental analysis: Study financial statements, balance sheets, economic news related to the stocks. Follow Warren Buffett’s method of value investing—buy undervalued companies and hold long-term.
• Technical analysis: Use broader timeframes like H1, H4, or daily charts to avoid false signals, supplemented with volume and EMA indicators to follow main trends.

Risk Management – The Key to Successful Investing

Many problems stem from a lack of understanding of risk. Many investors leave the market because they don’t know how to anticipate or manage risks.

Main risk factors to accept:

1. Price volatility – All assets fluctuate based on news and events, such as wars or economic data. Choosing to invest requires accepting this uncertainty or selecting less volatile assets.
2. Loss of principal – This is the most critical point. Your capital must be protected first before generating profits. Some forget this and dream of gains, but a 5-10% loss can be recovered. A 30-40% loss, however, is much harder to bounce back from. The smaller your capital, the less likely you are to recover.
3. Insufficient knowledge – Beginners often face obstacles like swap fees (overnight holding costs) charged by some brokers or slippage, where prices jump past stop-loss points during sharp news movements.
4. Choosing a broker – This is the first door to your funds. A good broker should be licensed by international regulators, have transparent deposit/withdrawal systems, and execute trades quickly and accurately.

How to Open an Account and Start Trading

To trade foreign stocks, you need to open an account with a reliable broker. There are many options, from well-established names like EXNESS, XM, FBS to newer brokers like Mitrade, FULLERTON MARKETS, GMI.

What to look for:

• Licensed by international regulators such as ASIC (Australia), CIMA (Cayman Islands), or FSC (Mauritius).
• Low spreads and fast execution.
• Over 400 instruments including currencies, gold, indices, US stocks.
• Good support team available 24/5.
• Low minimum deposit, e.g., $50, so beginners can try.
• Demo account with virtual funds of $50,000 for practice.

Getting started:

1. Download the broker’s app.
2. Fill out the registration form and answer risk assessment questions.
3. Upload ID documents (must be 18+).
4. Deposit funds and start trading.

Tip for beginners: Before depositing real money, try the demo account with $50,000 virtual funds. Practice using tools and managing your capital. When confident, deposit real money and trade with real funds.

Summary: It’s Possible, But Requires a Plan

Making daily income from stocks is not impossible. Many traders do it consistently. Some earn not just 1,000 Baht a day but tens of thousands.

The secret: success comes from serious study, continuous practice, careful risk management, and accepting that investing involves uncertainty. You must choose a method that suits you—whether quick short-term trades or cautious long-term investments.

Most importantly, select a trustworthy broker to keep your funds safe. Start with a manageable amount, practice on a demo account for a while, then gradually increase your position. This way, you can build sustainable income and even surpass your daily 1,000 Baht goal.