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

[Soh325R]

Intraday is not everyone's cup of tea. You must understand charts pattern thoroughly, very important for day trader. Learn how to see patterns for perfect entry and exit points.

 

[Infooo]

Think of minimizing the loss, profit will gradually come

 

[Hunteren]

It is impossible to apply any strategies and trading style without understanding their basic essence.

 

[s.sharma]

You need to find the way to minimize the losses, so that you can understand how to maximize the profit.
Also, make sure to place stop loss

 

[kalyanikrd]

With intraday trading, You can keep a few things in mind like knowledge about the fundamentals of the market, sufficient capital and systematic strategy. A good knowledge of 1 or 2 technical indicators is a must.

 

[prabh21]

With intraday trading, You can keep a few things in mind like knowledge about the fundamentals of the market, sufficient capital and systematic strategy. A good knowledge of 1 or 2 technical indicators is a must.

Yes, fundamental knowledge about the market while trading in intraday is very important. Also, you will need to ensure that you have sufficient capital to cover the losses and risk & reward management for the same. I think it all boil down to the strategy that you choose, really.

 

[stoch]

Intra-day trading carries more risk than investing in stocks because volatility is harder to manage on lower timeframes. Invest only the amount that you can afford to lose. An unexpected movement can wipe out your entire investment in a few minutes.

 

[Optimusprimy]

"PRICE Action"

 

[Kazil]

Set your expectations right, trade according to the plan. Always do market analysis before doing the deals. Pay attention to your psychology while trading because it matters a lot. Test your trading ideas on demo account first in order to analyse where they can be implemented on practice. Never stop learning the market and new trading strategies. Try to be as accurate in your planning as it is possible.

 

[stoch]

Volatility. It makes you positions vulnerable since you pursuit short-term goals and volatility makes its hard to pick right stop loss