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Intraday Trading | How to do Intraday Trading


What is intraday Trading?

Intraday trading refers to buying and selling of stocks on the same day. It is done using online trading platforms. Suppose a person buys stock for a company, they have to specifically mention ‘intraday’ in the portal of the platform used. This enables the user to buy and sell the same number of stocks of the same company on the same day before the market closes. The purpose is earning profits through the movement of market indices. It is also referred to as Day Trading by many.

If you are thinking of starting doing Intraday Trading then you need to have at least 10K so you can buy some stocks and keep this in mind if you afford loosing that money than only you start investing  or else don't start.

Advantages of Intraday Trading.

-Daily Income :- by doing Intraday Trading you can earn money almost daily. Thre are some days you didn't able to book profit but most of the time you can make profit.

-1 to 2 hours of work :- if you are a Intraday Trader then you don't have to work 6-8 hours daily you just have to invest 1-2 hours daily and you can earn as much as you want.

- No Boss :- there is no boss over you, you are your own boss there is no restrictions if you want to earn money you earn if you don't then no one is going to punish you.

-No Place Restrictions :- you can trade from anywhere there is no restrictions like if you are in Japan you cannot trade you can trade from anywhere around the world.


Disadvantages of Intraday Trading.

- Loss:- if you want High Profit then you have to able to take high losses also because in stock market Trading there is no pridictions if you mistaken trade in wrong stock then you can loose lots of money.

- Addiction :- stock market Trading is like an addiction why because if you have traded and you have make a profit then you think there is lot of time I can earn more money you become greedy and that's where the addiction begin you start spending lots of your time in front of computer screen and make trading like you 9 to 5 job.

- Health issues :- when you start spending you time in front of computer screen then you have to suffer from different health issues.


Top 4 mistakes on Intraday Trading.

 - Carry position :- this is the worst thing you can do in Intraday Trading because Intraday mean you have to buy stocks and sell it in 1-2 hours and then you can make profit you don't have to hold it for 2-3 days. 

- No Rule :- if you are coming in this Intraday Trading then you need to have some rules like if i have made this much profit then I am done for the day no more trading and same gose for if you loss you money. 

- No Psychology :- in this field there are some time your emotions,anger, frustration are going to take control over you and you loose your senses of thinking and start doing something bad so you have to maintain you psychology.

- Trade With Tip :- this is another thing that beginners do they take trades on tips and that's the really bad thing because you don't know if he now's about market or not so trad on your analysis not any others.


3 Things To Do In Intraday Trading

- Fix Your Time :- if you want to enter or you are doing Intraday Trading then first thing you have to do is fix your time when at which time you want to do trading because time management is the best thing you can do in trading field and you have to fix you time if you want to make high Profit.

- Limit Your Stocks :- you have to limit your stocks means there are lots of different stocks available in the market and you can do Intraday on most of them and here you have to decide which one you want to do trading on so you have to decide 50-60 stocks and keep tabs on those stocks don't go finding different stocks daily.

- is trading suits you :- you have to check that if you are best suited for trading or not because there are people who does not know anything about trading and come into the market and book loss on there first day and then everyday so try for 1-2 months of you feel it's good for you than keep Doing it if not then just leave it you don't have to waste your money like that 


How To Start Trading.

after reading all of the above things now you know what you have to do and what is you don't have to do. What are the risks involved in trading and still you want to enter into the market then you have to do some basic things.

Step 1: download any trading app I recommend downloading 'Upstocks' , 'kite by zerodh'.

Step 2: create account in the application by phone number and mail ID.

Step 3: complete you KYC.

Step 4: check if you are able to do Intraday or not if not then activate your account for Intraday Trading.

Step 5: diposit some money into your trading account.

Step 6: find the stocks on which you want to Intraday Trading.

Step 7: Start Trading.

 

So guys this is all about trading there is more thing than this but I am not expert in this field. So if you want to know more you can check on Google or youtube you can find experts there and Learn from them and start making thousands daily.

 


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