Looking for best intraday trading rules? Platinum Trading Systems presents simple, easy & golden rules for Intraday trading. Get This 7 Rules and Earn More Money in Intraday.
2. Index
1. Intraday Trading
2. 7 Basic Rules for Trading in Intraday
1. Timing the Market
2. Plan Investment Strategy and Stick with it
3. Exiting the Position
4. Invest Small Amounts that Won’t Pinch
5. Research
6. Close the Open Position
7. Spend Time
4. Intraday Trading
Most of the traders, especially the beginners, lose
money in intraday trading because of the high
volatility of the markets.
Generally, losses occur due to fear or greed because
investment is not risky, the lack of knowledge is.
6. 1. Timing the Market
Professional often recommend individual avoid
trading during the first hour, once the markets open.
Take the positions between noon and 1 pm can
increase the possibility of earning profits.
7. 2. Plan Investment Strategy and
Stick with it
Every time users initiate a trade, and it is important for
them to have the clear plan of how to do intraday
trading.
The entry and exit prices before initiating the trade are
crucial.
The most important intraday trading tips use the stop
loss trigger to reduce the potential loss of the position.
8. Moreover, once the stock achieves the target price,
users are suggested to close the position and not be
greedy and expect the higher profits.
9. 3. Exiting the Position
For trades that provide profits and price-give reversal,
it is prudent to book the profits and exit the open
position.
Also, if the conditions are not favorable to the position,
it is advisable to immediately exit and not await the
stop-loss trigger to be activated.
It helps traders to reduce their losses.
10. 4. Invest Small Amounts that
Won’t Pinch
It is not new for beginners to get carried away once
they make some profits during the day trading.
However, markets are volatile and predicting the
trends is not easy even for the seasoned professionals.
In that situation, beginners can easily lose all the
investments.
11. That is why an important intraday tip is to invest the
smaller sums that a user can afford to lose.
This ensures individuals do not face financial
difficulties in case the markets do not favor them.
12. 5. Research
Before beginning in intraday trading, it is suggested to
understand the basics of the stock market and the
fundamental and technical analyses.
There is lots of research available on the Internet and
taking the time to read it.
Moreover, there are hundreds of stocks that are traded
on the equity markets and traders trade only two or
three liquid stocks.
13. Liquid stocks are those shares that have high volumes
in the intraday market.
It allows traders to exit open positions before the end
of the trading sessions.
14. 6. Close the open Position
Some traders may get tempted to take delivery of their
positions in case their targets are not achieved.
It is one of the biggest errors, and it is crucial to close
all the open positions even if traders have to book a
loss.
15. 7. Spend Time
Day trading is not for professionals who are employed
in the full-time job.
Traders must be able to monitor the market
movements throughout the market session to enable
to make the right calls as required.