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The world of trading is very big. Crores of people want to earn money by trading in the stock market. But everyone knows that only a few people are successful in earning money from trading.
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| Intraday Trading Strategies |
In intraday trading, the price fluctuations are so much that people are not able to understand whether to buy or sell the stock. To know all this, traders do different types of trading courses and apply different types of trading strategies.
There are many types of risks present while trading and to overcome those risks, you need to know the right and safe trading strategies.
This article will discuss several trading strategies that will help you make well-informed decisions and minimize risk. By taking advantage of these trading strategies, you can earn immense profits in your trading journey.
Read More: How do I find the best Equity Advisor?
Introduction
In intraday trading, trading takes place only for one day. You have to buy and sell shares within a day. You can do this several times a day. But you cannot buy shares and hold them for another day, you will have to square off your trading position on the same day. If you do not close your trading position, your broker will close the trading position on his behalf. |
| Intraday Trading |
The objective of intraday trading is to earn more profits in less time. There is a lot of risk and stress in intraday trading. To achieve security and success in intraday trading, you must adopt a well-thought-out approach and stick to it diligently.
What Are Some Safe Intraday Trading Strategies?
The Golden Rule: Risk Management
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| Risk Management |
First of all, you should think about securing your capital. You should use stop loss in every trade you make. You set your stop loss at the level at which you can bear the loss. Let me explain to you with an example.
Generally, the risk/reward ratio is 1:3, meaning the risk is 1% and the gain is 3%.
Breakout Trading Strategy
In the breakout strategy, key levels are monitored whether those levels are upwards or downwards. Trades are taken as soon as those key levels are broken.
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Breakout Trading Strategy |
Scalping Trading Strategy
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Scalping Trading Strategy |
In scalping trading, traders earn profits by taking small trades. The trading strategy is to earn profit by taking 4-5 trades of 5-10 points.
Profit is small in this but if this trading strategy is followed with discipline then good profits can be added in the long run.
Moving Averages
Before taking trades you should identify the trend, whether it is a downtrend, uptrend, or sideways. Moving averages play an important role in identifying trends. Moving averages tell the average price of a stock over a specific period. |
Moving Averages |
Contrarian Trading
Read More: Top 5 Technical Indicators Used in Trading
Relative Strength Index (RSI)
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Relative Strength Index (RSI) |
Momentum Trading
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Momentum Trading |
Trading with Volume
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Trading with Volume |
Read More: 5 Best RSI Trading Strategies
Candlestick Patterns
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Candlestick Patterns |
Frequently Asked Questions (FAQs)
1. Can I start intraday trading with a small budget?Yes, you can start intraday trading even with a low budget, but first practice well and learn trading strategies and trade with that amount which you will not feel sad about losing.
2. How can I choose the right stocks for intraday trading?
Choose only those stocks that are liquid and have volatility. You should research well and see 40-50 charts daily. By reading the charts you will get an idea of which stocks are in which trend.
3. Is intraday trading suitable for beginners?
Everyone is new at the beginning of any work, but as you learn the work diligently and practice, then there is nothing difficult.
4. What is the ideal time frame for intraday trading?
1-minute, 5-minute, 15-minute time frames are very important in intraday trading. Practice daily and see which time frame suits your trading strategies.
5. How can I manage emotions while intraday trading?
The most difficult thing in trading is controlling emotions. Stick to your trading strategy with discipline, stop losses, and avoid making impulsive decisions.
6. Can I use technical analysis in intraday trading?
Of course, technical analysis is the backbone of trading. With the help of technical analysis, you can know trends, support, resistance, right entry and exit.
Conclusion
Intraday trading is a great way to earn profit in the stock market. Intraday trading is a great way to earn profit in the stock market, but there are equally many risks and challenges. To become a master of intraday trading, you have to equip yourself with trading strategies. Discipline, risk management, and sticking to your plan are equally important.Success in intraday trading depends on how quickly you adapt to changing market conditions. If you follow the trading strategies mentioned in this article, you can achieve many milestones in your trading journey.
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