Intraday Trading Strategies

Under this point we will discuss the strategies you must follow while doing Intraday trade. If you follow these Intraday trading strategies, you will be in a better position to make analytical decisions-

Use "Stop Loss" Feature:
This feature is a blessing as it doesn't let you fall. Think of this feature as a seat belt of a car, even if the car bumped against something, you are intact in your seat. As the term suggests - you have the liberty to mark a point which will be the minimum yield even if the stock price dives lowest. An example is, if you invested INR 90, there are 2 options, either the stock price will go up (100 or above) or come down (80 or below). What you can do is mark 80 as your "Stop Loss" and relax because even if the price went below 80...you will still get 80 before the market closes.

Choose Large-Cap Stocks:
The idea is simple, large-cap stocks are more liquid, they are among the regularly traded stocks in the market. The chances of you having to hold stocks for a longer duration is less in Large-cap stocks. Choose 2-3 large cap stocks for better combination.

Follow The Market Trends:
Look for market trends and follow the same while Intraday trading. Remember even experienced professionals with advanced tools sometimes fail to predict market movements. Do not experiment in the urge to earn more and put a leash on your emotion, to not let you put more money to cover up losses.

Use Trade Indicators:
Do research. Get knowledge on these indicators. Practice them a lot and understand the significance of their movements. If you become used to it, making analytical decisions would not be difficult for you and your day trade will mostly end with profit.