Intraday Trading is considered one of the best way in which to trade stocks and make profits. Day trading or Intraday trading is a process in which you take a position in the market and try to maintain the position at the end of the day. All your stocks are transacted during the day and there is no stock to carry forward for next day. A day trader trades several times a day.By the end of the day he should be able to close out all the positions of his stocks.
Day trading could be exciting. it is for traders who take risks by applying analysis.
Learning the most basic Intraday tips is a difficult task but there are some basic rules and guidelines which if followedit becomes easier to understand how the stock market works.
In Intraday trading one has to be very fast and quick and have to be very attentive, so following are certain rules which one has to keep in mind to trade intraday:
- While trading intraday one must be attentive about the world market because it affects Indian market too.
- Stop loss is a must while trading intraday.
- Always trade in very liquid stocks i.e. which have very high volume because as entry and exit can be very fast in such stocks.
- Keep your volume constant in trading intraday.
- On previous day if index is in positive and the share you are holding is in negative then it should be cut and if index is in buy for intraday then one should buy a stock in which is in positive.
Following above 5 steps will surely lead traders to make huge profit in day trading.
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