All About Intraday Trading That Every Day Trader Should Know

What is Intraday Trading?

Intraday trading is trading in which buying and selling of stocks is done in same day. In order to generate accurate and free intraday tips, you may implement some of the best intraday trading indicators. Main goal of the day trader is to make a living from trading stocks. They believe in making small profits on numerous trades and thus minimizing losses on unprofitable trades. In this type of trading, traders typically do not keep any positions or own any securities overnight.

If you want to succeed at day trading then you need to definitely practice following three things:
  • You must identify intra-day trading strategies that are tried, tested.
  • You need to be 100% disciplined in executing these strategies.
  • You must stick to a strict money management regime.

Advantages of Day Trading

Day traders are allowed to grab the benefit of both rising as well as falling market. However, the positional traders or long term traders cannot hold their stocks for long duration to make profit from bullish trend. From the falling stocks, a day trader can sell short and make profit.

Disadvantages of Day Trading

Intraday trading is buying and selling of stocks in one single day. Hence, the intraday trading involves frequent market fluctuation, which is not that easy to understand by novice traders. However, if you are trading under the guidance of some knowledgeable person or technical analyst, who can generate best intraday tips, then you may get the profit. On the other hand, if you are capable of implementing technical indicators then you can generate free intraday tips.

You must never think that you cannot try out Intraday trading on your own. Learn with your mistakes and only few things you need to keep in mind is never risk more than 2% of your trading capital on every trade. The study proves that no one will go bust in trading if they trade with proper risk management.

Why I should Trade in Intraday?

The day trading is said to be the most preferable option as it needs low margins and offers more leverage on your trading capital. Large numbers of brokers offer 100 percent leverage and this means that you are allowed to trade with more amount than you actually hold in your account at present. Say for example you have Rs 1 lakh in your account so now you have the opportunity to trade with upto Rs 2 lakh Rs in day trading. This can increase your profit by many folds.

If you trade with accurate intraday tips and be disciplined while trading then you get good returns. To be a successful day trader, all you need to do is to learn how to handle the intraday fluctuations of the market. Get free intraday tips from Money Classic Research.