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Tips for Intraday Trading for beginners

  • Intraday trading involves buying and selling of stocks within the same trading day. Here stocks are purchased, not to invest but to gain profit
  • As the orders are squared off before the end of the trading day, it is also called as Intraday Trading.
  • Keep a close watch on the best-performing stocks and create the best stock picking strategy. You can choose stocks which give high average daily volume
  • Before making the buying decision, it is important to research in depth about the company you are going to invest in. Look for the company’s past performance
  • It is recommended to choose two or three large-cap shares that are highly liquid. Investing in mid-size or small-caps can result in the investor having to hold
  • Determine Entry and Target Prices. Before placing the buy order, you must determine your entry level and target price
  • Utilizing Stop Loss for Lower Impact. Stop loss is a trigger that is used to automatically sell the shares if the price falls below a specified limit
  • Book Your Profits when Target is reached. you must stay away from greed and fear. You should book the profit once the target price is achieved
  • Avoid being an Investor. the stock may not be worthy of investing, as it was purchased only for a shorter duration.

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