Intraday Trading

Intraday Trading means buying or selling stocks on the same trading day. Intraday day is also known as day trading. Share prices keep fluctuating throughout the day, and intraday traders try to draw profits from these price movements by buy or selling shares during the same trading.

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What is Intraday trading?

Intraday Trading means buying or selling stocks on the same trading day. Intraday day is also known as day trading. Share prices keep fluctuating throughout the day, and intraday traders try to draw profits from these price movements by buy or selling shares during the same trading.

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Advantages Of Intraday Trading:

  • The trader only needs a little amount of capital because payments are made in small increments.
  • To maximize returns, the investor can use leveraged capital.                                                                                                               
  • It eliminates the stock market’s overnight dangers.

Guide For Beginners For Intraday Trading:

Step 1: You need to have a trading account with one of the brokers (For example, Zerodha, Angel broking, 5Paisa, etc.). If you don’t already have one, here’s a list of the finest discount brokers in India so you can find one that best meets your needs. In any case, the methods for Intraday trading are nearly identical for every other broker you choose.

Step 2: Your trading account must have a suitable margin balance. The minimum amount of money required to trade is known as margin. From an ordinary trade to a MIS, the amount of margin required varies (Margin Intraday Square off).

The key difference between these two is that in conventional trades, the position can be carried over to the next day, whereas with MIS trades, the position is squared off automatically before the end of the day.

Step 3: The next key step is to choose the share/asset that we want to intraday trade for that particular day and add those shares to a separate watch list. Because it is almost impossible to maintain track of all the shares listed on the NSE and BSE, this stage is critical.

Having a watch list of the selected companies, on the other hand, allows us to moderate and buy the stocks as needed, taking full advantage of all intra-day trading possibilities.

Step 4: The next stage in this procedure is to choose the stock you want to trade. After choosing the stock, we simply need to enter the trade on the ticket.

We now have two options for executing the trade: a limit order or a market order. We finish up purchasing or selling at the current market price if we place the market. If we place a limited order, on the other hand, we can specify the price at which we wish to place the purchase.

Step 5: When trading options, the next step is to check the order book to see if the order has been placed. We may do so by going to the orders tab and seeing a list of all the orders that have been placed, cancelled, or executed.

Step 6: The final, but most crucial, stage in intraday trading is to keep track of your positions. We should always be on the lookout for trading chances and have a stop loss in place for any existing trades. We have a better chance of having a successful and rewarding trading profession if we follow these rules.

How to make profits from Intraday Trading:

  • First Learn everything there is to know about the stock market before you begin intraday trading.
  • The most common stock market adage is “Trend is your Friend.”
  • Intraday trading relies heavily on risk management. You may lose your hard-earned money if you do not manage your risk.
  • The two most essential factors that affect most intraday traders are greed and fear.
  • The majority of intraday traders trade on margin provided by their brokers, putting their money at risk.
  • It’s crucial to know when you’re going to enter the market and when you’re going to depart it.
  • Intraday trading demands patience, discipline, and a thorough knowledge of the stock market.

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