Intraday Trading Tips

Intraday trading is a very risky trade where a person can be either is bullish or bearish about the stock in which he is trading for. Intraday has lots of potentials during the time of results and other news that will swing the market to the top. Markets are always volatile and it’s totally dependent on which sector stocks are been traded.
To trade in intraday the markets should be analyzed beforehand so as to avoid losses arising thereafter. The script itself sometimes lets us know what will be the position of the stock in the coming hours. While trading in intraday a strategy should be maintained, strict rules of intraday should be followed that is the stop loss and target should be strictly followed so as to avoid the loss. A few intraday trading tips are,
• Never be over confident about the stock.
• Trade in intraday mostly when there is some good news either from the government or from the company which is in your portfolio list.
• Maintain an intraday trading strategy like keep stop loss, resistance levels and targets.
• Always trade with the help of the broker, interact with him mention him the amount you wish to invest and the percentage return on investment.
• Trade using the software provided by the dealer participant [DP]. Never trade watching the stock price on televisions as they are a bit late to get updated with the stock price. Instead have your own pc install the software, an internet connection with this you get the stock price instantly thus you will not be delayed with your entries and booking profits.
• Always be keen to watch the intraday trading charts that are updated every second.

Who can trade in intraday?
Every person can trade in intraday who have a Demat (dematerialized) account. The major players in intraday are, those who good knowledge of intraday trading charts, market analysis, intraday trading history, intraday trade indicators.
Tips to trade in intraday are stick yourself to your computer or else be the whole market hour in your broker’s office. Do not miss the tick by tick chart as this gives you a picture either to stay with it or to quit from the stock. Do not purchase above your limits, as this might be risky if the stock price turns red. Purchase in a limited quantity so as to avoid heavy losses. Never short sell and later buy. Short sell only if there is a strong reason to prove that the market is weak and much volatile.
If the intraday market is too volatile then it’s an indication to you to book partial profits and quit from the current levels. Volatile can be noticed when the index movement is too aggressive, this give an indication that there is chance to break current levels and further still drop down.