Stock market trading requires you to make calculated moves, the ability to watch the market like a hawk and then take tough buy and sell decisions at the right time.
If you are a stock market beginner looking to start intraday trading, we have a mini guide for you that you can use to your profits -
Intraday is “within the day.” Thus it refers to the trade activity that is done by an individual during the market hours in one day. Intraday trading is all about scouting for names that can either move up or move down. If a stock is likely to move up, a trader buys low and sells high. On the other hand, if a share is expected to go down, a trader tends to short sell, which means sell high and buy low.
Start Small
A few good trades may have boosted your confidence but its still too soon. Don’t be very aggressive with your bets in the initial phase.Focus on a maximum of 1-2 stocks to start with. With time, the volume and the value should be increased. Starting small will allow you to make mistakes and increase your familiarity with how the market works so that you don’t make the same mistakes twice. Increase the trade volume gradually as your experience and risk appetite increases.
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