How to trade intraday in Stock Market

90% of Intraday Trades are losers, Intraday trading without a proper plan and trading system is equivalent to gambling which most of traders get indulged into. Before betting your hard earned money to earn quick returns its always better to know and understand the  the fundamentals of intraday trading, if you hope to make money consistently in the market. As i have discussed in my past post  the importance of trading psychology, today we will focus on essentials traits required to do Intraday trading successfully.

1. Have Intraday Trading Strategy 

Whether you do Business,Job you will always have a plan for accomplishing certain task, You will not blindly trade based on your intuition. Same applies to Intraday trading, You need to have a trading system which can help you to generate a trading plan which will help you in finding the best possible buy or sell price of your shares in today’s market and what will be the target price. You do not have to swayed away by wild swing in the Stocks and let your emotions overpower you.Always have an EXIT strategy.

2. Select and Trade the Right Stocks

Always trade in liquid stocks like SBI, ONGC..

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