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  1. Post #1
    #1
    Junior Member
    Join Date
    Feb 2017
    Posts
    2

    How to be a intraday trader

    Intraday trading deals with buying and selling of stocks on the same day, during the trading hours that are stipulated by the exchange. Stocks are bought and sold in large numbers strategically with the intention of booking profits in a day.

    Basic Rules of Intraday Trading

    An unexpected movement can wipe all your investment in a few minutes. Hence, it is important to keep in mind a few intraday trading basics while carrying out intraday trading.
    Do not trade in the first hour as the opening range is established during that time.
    The fluctuations of this range can help to identify the intraday trend. Move with the market trend as it allows potential for a greater profit if the trend continues.
    Another basic rule is to fix entry price and target levels. Set a stop-loss limit so that your losses will be curtailed if the share drops. Also, withdraw if your desired profits are met. Stick to your plan and carry trade in a disciplined manner.





    Most traders have a straight and simple goal - to make consistent profits. The best day trading strategy you can implement to achieve this is to buy when the stock moves above the Opening Range high and sell when the stock moves below the Opening Range low. In the first 30 minutes of day trading, each stock creates a range, known as the opening range. The fluctuations of this range are taken as support and resistance. If the stock movement is observed to cross the Opening Range high, then it is advisable to buy. Similarly, you can sell when stock movement is observed below the Opening Range low. This strategy can give you consistent profits if done with discipline, proper assessment of the market performance and optimal usage of indicators.
    Last edited by Emyline; 02-16-2017 at 08:44 PM.

  2. Post #2
    #2
    Moderator
    Join Date
    May 2017
    Posts
    165

    Thankyou for the Information.

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