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Learn how to use LTP (Last Traded Price) in intraday trading, including strategies and tips to maximize profits.<br>
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How to Use LTP in Intraday Trading - Maximize Profits with Last Traded Price What Is LTP in Intraday Trading? LTP is a critical metric for intraday traders as it reflects the most recent price movement of a stock. It helps traders make quick decisions based on real-time data. How to Use LTP for Intraday Trading 1.Identify Entry Points: Use LTP to spot stocks that are gaining momentum. For example, if the LTP is consistently rising, it may indicate a buying opportunity. 2.Set Stop-Loss Orders: Use LTP to set stop-loss levels. For instance, if you buy a stock at ₹100, you can set a stop-loss at ₹95 to limit losses. 3.Monitor Trends: Combine LTP with technical indicators like Moving Averages to confirm trends. Tips for Using LTP Effectively ●Pair with News: Stay updated with share market stock news to understand the factors driving price movements. ●Use an Intraday Screener: Tools like TradingView or Finviz can help you filter stocks based on LTP and other metrics. ●Avoid Overtrading: Stick to your strategy and avoid making impulsive decisions based on short-term LTP fluctuations. By mastering the use of LTP in intraday trading, you can improve your decision-making and maximize your profits.