Intraday Trading tips

March 30, 2017 Uncategorized

Intraday-Trading-tips

We at Moneycontrol Tips believe that investing in an intraday trading is much riskier than the usual share market trade. Intraday is a day trading where the market opens and books the trade positions on the same day of the transaction. Therefore, it is essential for the intraday traders, especially the beginners, to understand the strategies and intraday trading tips to avoid losses in such a volatile trade marketplace. For traders, to be successful it is important to initiate and apply the practical and psychological disciplines of a day trading.

We have extracted some of the important intraday trading tips for our visitors to effectively make their decisions:

  • 1) Determine the entry and exit price – before buying an order, fix you entry and exit price targets. We can help you understand with an example. You will make a purchase of an order when the market reaches at a certain price and you will the stock once you have gained the determined amount of profit (say 5000 profit on making a purchase of 2000). Immediately exit the market once you have reached to your predetermined targets.

  • 2) Not choosing more than two liquid shares – our trade experts states that as the trade market shuts on the same day of trading, it is not a smart way of making money by choosing more than two liquid shares. Because the market is highly volatile and you need to constantly keep an eye on the fluctuating market trends, therefore, investing in not more than two liquid shares can make the trader able to track the market trends.

  • 3) Utilizing stop loss option – the shares automatically will be sold out once the value reaches to the specified loss amount. Stop loss can safeguard the trader when the price of shares falls unexpectedly.

  • 4) Don’t try to be a trendsetter – Intraday trade market is highly volatile and even the most experienced professional cannot predict what next will going to happen in the market. However, don’t try to move against the marketing trends as you can bear great losses.