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What are some of the tips for earning a good sum in intraday trading?

Hi Traders/Investors,

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.

Thanx for reading🙂

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Praveen Maxter

Praveen Maxter

An Intraday trader with 6 years of experience.

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