What is intraday Trading # one of the most common & in demand form of trading is Intraday trading, if you are taking position in any stock with a defined target & SL broadly we can call it intraday trading .
Lets discuss in details rules & right timeframe required for intraday trading :-
- your Stop Loss & target should be clearly defined,
- Your stop Loss should not be more then 1 % of capital,
- Always prefer to trade in highly liquid stocks where entry & exit should be very easy,
- Prepare a watchlist of 3 to 5 stocks, for human brain tracking too much stocks in live market is not possible,
- Prefer to do one trade in a day or maximum 2 trades in a day,
- overtrading & revenge trading should be avoided,
- Time frame # 15 minutes & 5 minutes are the most prefered one,
- impact of trade should be same on your capital,
- Avoid any trading in first 15 minute,
- Always remember Trading is not about strategy infact its more of game of psychology
Happy Trading & Investing
