What are basic things that everyone should know before going in Intraday trading??

#1
Hii folks,
Im new in intraday tradding.
I invest In mutual fund through SIP.

What are the basic things that everyone should know before begin with Intraday trading??
 
#2
Re: What are basic things that everyone should know before going in Intraday trading?

Hii folks,
Im new in intraday tradding.
I invest In mutual fund through SIP.

What are the basic things that everyone should know before begin with Intraday trading??
Hello Ishan.
For trading, Invest only the amount that you can afford to lose. One of the best technique of managing ones money is by using the stop loss tool. It is most useful for those who will be habitually to monitor their stocks frequently. Read up on the 8-10 stocks on your day trading watch list. Along with fundamentals you should watch for the technical levels of the stocks as well.Stock investments can yield astounding returns, be mollify with small gains from intra-day trading, if it is done with utmost care and updated knowledge.
Have a nice trading ;)
 
#4
Re: What are basic things that everyone should know before going in Intraday trading?

Hi,

When think about intraday trading , always trade with market trend.
start with the little margin.strict stop loss.Never over-trade your capital.
Book profit at soon its appears.keep your emotions aside.Trade only 4-5 scripts.
Be positive while trading.Don't be an investor .
 
#5
Re: What are basic things that everyone should know before going in Intraday trading?

Hi,

When think about intraday trading , always trade with market trend.
start with the little margin.strict stop loss.Never over-trade your capital.
Book profit at soon its appears.keep your emotions aside.Trade only 4-5 scripts.
Be positive while trading.Don't be an investor .

Completly agree with this.
Remember don't be greedy and set a strict a stop loss.
 
#6
Intra-day trading carries more risk than investing in stocks. Invest only the amount that you can afford to lose. An unexpected movement can wipe out your entire investment in a few minutes.
 
#7
It is quite risky like the previous user said, it is very easy for you to lose the funds. Here are some tips before going in with intraday trading:
  1. As always, always use stop loss to lower the impact
  2. Picking multiple shares.
  3. Having to determine entry and target prices
  4. Once target is achieved, book the profit
 
#8
A mistake that many traders make is that they start as intraday trader but if they get stuck in a position, they soon become swing trader. Never do that. Follow your startegy strictly. If the trade is decided to be intraday while placing the order then stick with it.
 
#9
Before starting with intraday trading, you must keep in mind the following pointers:
  • Acquire knowledge about intraday trading first.
  • Go for proper FA and TA before placing trades.
  • Avoid trading in penny stocks.
  • Stay updated with the stock market news.
 

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