This article will cover the pointwise procedure of how to do intraday trading in the Indian stock market. We will also cover what intraday trading is and who intraday traders are.
If you desire to earn a livelihood from the share market, intraday trading is the most popular approach. In investing, where you have to wait for many days to get your profit, intraday trading can be made within hours, and sometimes it gives profit within minutes.
With the normalization of the Internet and mobile, intraday trading can be learned through your mobile phone, and here we will share tips on how to do intraday trading in the Indian stock market.
What is Intraday Trading?
As mentioned above, Intraday Trading is a type of trading where both the selling and buying activity in a stock market is done on the same day or same trading session.
In Intraday trading, trading is not done to hold it over the next day or week. Intraday trading’s only motive is how quickly you earn your profit and exit your position as soon as possible. Here the holding time of stock is only a few minutes to some hours.
Intraday trading is done for high beta stocks with high fluctuation on their shares daily. For example, if prices do not move in the entire day, then the intraday trader has no opportunity to make money from that particular stock.
Rules for Intraday trading in the Indian Stock market
Here are some important points for how to do intraday trading in the Indian stock market. Following these rules can help you to maximize your profit.
- While investing in intraday trading, always choose liquid because it can easily enter or exit.
- Always keep an entry and exit point on your mind before entering the trade.
- Always stop on small losses because things might drift aways, and huge losses might occur.
- The most important rule of intraday trading is that you should always have a trading mentality, not the investor’s mentality.
- Always go for multiple trades in the same company because it helps you get multiple trading opportunities.
Intraday Trading for Beginners in India
You should learn how to do intraday trading in India before investing in the market. The next point is how much you should invest in intraday trading.
- You should have a trading account with at least one of the brokers.
- You should have a sufficient amount in your trading account.
- The next thing is before trading; you need to select the share which you wish to intraday trade and add those particular shares in a separate list.
- You need to select the share in which you are going to trade, and after selecting the shares, you need to punch on the ticket.
In this article, we have explained every essential point and step that helps you do intraday trading in India.
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