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Intraday trading is most popular in day trading, Intraday trading refers to buying and selling of shares/stocks on the same day before the market closes in Equity, F&O, Commodity & Currency Segments. If you fail to do so, your broker may square-off your position if you are buy position or sell position, or convert it into a delivery trade if convert the intraday to delivery make full of margin money.
Whether a person is an experienced trader or a beginner, looking at the market trends, stock trends and indicators is always beneficial for intraday buy/sell.
Intraday order is risky order if you get position in buy, but stock/share is trade low/bearish then you get loss on trade, if you trade a plan then you convert the profitable trade.
Intraday trading is very profitable if your strategy is work fine, but failed your strategy then you loss money.
My suggestion is ignore the intraday buy sell, avoid this type of trading in share market if you trade in long time in share market.
Basics of intraday trading:
- Intraday-trading refers to buying and selling of share/stocks on the same day.
- If you place intraday orders then stock broker gives you some leverage on your margin money.
- Margin Money provide in Equity, Currency & Commodity Segment, F&O segment intraday leverage is closed, refer sebi rules.
- It is done using Online trading platforms or Mobile apps. Suppose a person buys stock for a company, they have to specifically mention ‘intraday’ in the portal of the platform used,also called day buy/sell, sell/buy.
- 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.
How to choose stocks for Intraday Trading?
Choice of stocks is the first and the most vital step when it comes to Intraday Trading. After all, the money you put in is only worth the time if you get a return, otherwise, it is done and dusted. So how do we choose stocks wisely?