Lesson-6 | What is Intraday Trading | Timemframe & rules for intraday trading

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 :-

1. your Stop Loss & target should be clearly defined,
2. Your stop Loss should not be more then 1 % of  capital,
3. Always prefer to trade in highly liquid stocks where entry & exit should be very easy,
4. Prepare a watchlist of 3 to 5 stocks, for human brain tracking too much stocks in live market is not possible,
5. Prefer to do one trade in a day or maximum 2 trades in a day,
6. overtrading & revenge trading should be avoided,
7. Time frame # 15 minutes & 5 minutes are the most prefered one,
8. impact of trade should be same on your capital,
9. Avoid any trading in first 15 minute,
10. Always remember Trading is not about strategy infact its more of game of psychology

Happy Trading & Investing