What is Intraday Trading????
Intraday trading is also known as
Day Trading. In intraday trading you take the stock and release the position
before end of the day. Or in simply language we can say that you buy and sell
the stock in same day you can’t carry the position on the next day. Trader who
participates in day trading is also known as Day trader. Intraday trading is
the most popular now days for making money in a very short time. If you know
how to do intraday trading in stock market then you can make a huge profit in a
day but you doesn’t have any idea about intraday trading then you may be loose
a lot of money in this market. Intraday Trading if done correctly can be a very good source
of regular income. So if you are thinking about intraday trading then there are
some tips which may be helpful for you in intraday trading.
How to do Intraday Trading
Invest what you can afford to lose.
This is the very important and first tips for day traders. Everyone knows that
about stock market, some time it may give a huge profit and some time may give
a very big lose so it is very important that if you getting lose then you can
afford that lose.
Research and watch market
thoroughly. For earning profit from stock market research is very important.
You choose the stock and know the resistance and support level with the help of
researcher or Intraday
tips provider.
Keep up with the latest news, as
the general psychology of public is to buy when good news is there.
Wait for the right price to enter in
the trade. Do not make out decisions based on speculations. Keep eying
fundamentals along with technicals of the stocks and enter only when it reaches
the target buying/selling price.
Liquidity is important because if the stock is not liquid
then nobody will make the stock move higher. Liquidity is important for it can
dictate you to enter into your intraday trading move and exit quickly as soon
as you have successfully executed the trade. It makes some pattern to be
stronger.
Fix entry price and target levels. Before you buy stock
firstly fix your entry price and target level. If you are unable to fix target
and stop loss then you may consult the experience person or stock tips provider.
Wait watch and then decide what you should do. Patience is
very important in this market. In this market active person are more successful
because there are very less time to take the position and fix SL etc. So if you
want to success then be active.
