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Intraday Trading Strategies

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Kirti Sharma
Intraday Trading Strategies

 Hey, want to earn from intraday trading? Well its a great idea only if you have perfect knowledge of the market or you have an expert guidance.
As per my opinion till now, you should try intraday trading strategies from Striker Stock Research. Their expert advise helpd you in earning good money from the market.

If you feel that there is a possibility of a further rise in price, you can always re-adjust your stop-loss level accordingly. You must watch out for intraday calls in case you want to adjust your stop-loss levels.

 Always square off the open trades

Do not confuse buying intraday positions with being an investor. Many times, intraday traders intend on taking delivery of shares in case the target price is not attained. 

It is not wise to wait for the stock price to recover. The stock may not be a suitable pick for investing, more so because it was meant for the short-term.

 

• Do not go against the market

You cannot challenge the market. Even though you may have done lots of research and analysis on a particular stock, it may not move as per your expectations. What looks like a bull market may soon change its course in no time. 

Hence, if your share price is not rising as desired, you should sell it the moment it hits the ’stop-loss’ levels. Your time limit is short. Hence, you cannot manage to have a thorough process as an investor and keep waiting for the market to recover. Your focus should be on the short-term intraday gain.

 

 Research well on the companies you have selected

After you have looked at the intraday calls and stock tips, you need to research on the stocks you have chosen to invest in.

Keep a tab on any news that may impact the company or any corporate event that is due for the company. These events could be a merger, split, bonus, dividend, or rights issue. These are significant events, which may have a greater impact on the stock price.

 

• Choosing the right platform

Intraday trading is all about the frequency of trading and making small quick gains. Therefore, it is highly imperative that you choose the best online trading platform for trading. Your ideal trading platform should be technically sound and allow faster decision-making and execution across sectors, at minimal brokerage charges.

 

• Timing the market

 

Since the intraday trade is just restricted to one day, timing the trade is very important. Experts opine against putting the trade in the first hour of the working day as volatility tends to be higher during that hour. Usually, a time between noon and 1 pm is considered as the ideal time. The chances of maximizing your profit are the highest at that hour.

 
 
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