First let me explain you what intraday is,
Intraday means, buying and selling of shares on the same day.
Advantages in doing intraday are,
- you will get margin from your broker, you can avoid overnight risk,
- you can earn your profit on the same day. Coming to your question,
- you should learn some analysis method,
- you have to create some good plan,
- you should follow patience and more disciplined,
- you should control your emotions.
If you follow all these things then you can easily earn some good bucks from trading.
- You need to first choose the product that you want to trade. i.e Equity, Options, Futures
- Then within these products you need to choose a specific stock or an index.
- You need to now understand the range and probabilistic/expected moves within that stock or index
- Once you know the probabilistic moves you would need to next create a risk reward equation based on the probabilistic moves
- Now you need to learn the trade execution strategies that would help you get the best entries and exits – again based on probabilities
- You would also need to understand the risks and manage them
- If you successfully do all the above you will be able to profit from the markets and earn through intraday trading.
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