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Intraday Trading involves buying and selling of stocks within the same trading day. There are some principles that you must follow in order to trade intraday. This presentation will give you a clear idea of what you need to know as an intraday trader.<br>Open a demat account(https://www.edelweiss.in/demat-account) before starting your journey of being a trader.
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What is intraday trading Intraday Trading involves buying and selling of stocks within the same trading day In this case, the stocks are purchased not with the goal of investing, but with the goal of earning profits by harnessing the movement of stock indices So, we can say that the fluctuations in the prices of stocks are harnessed to earn profits from the trading of stocks It can be easily done if you have an online trading account
Rules to follow during intraday trading Always have a consistent trading plan Trading should take place in accordance with the current day trend Emotions should not influence your trading decisions Gather the profits while you can Avoid over-trading Market positions with limit orders instead of market orders Keep Learning Trading should be treated as a business rather than adventure sports Trade only with the money that you are ready to lose Use strict stop loss There are no rules or books to follow that promise profits
Basic requirements for intraday trading • Intraday Trading requires a trading account and a linked bank account only. • Stock brokers also provide you with the option of a Demat account as well so that you can invest in stocks for the long-term • You can open trading account and a demat account online as well as offline • Online method is preferred nowadays as the process is quick, hassle-free and involves minimum paperwork