INTRADAY TRADING POINTS / TIPS

 

 

Dear Readers,

Today, I am going to share with you some Intraday trading points/tips which you can follow or keep in mind during the intraday trading day.

Whatever I have observed and whatever I have read, I am sharing with you and there is a possibility that some of you might be aware about this points but may not following this points.

 

Intraday Trading points /tips:

1. Predefine your stock for the next day intraday trading and write down the stock entry, stop loss and target/exit level in a paper.

2. As we all know that “Trend is your friend” so you must have to check your intraday trading stock chart and note down the range, support and resistant level before one day.

3. Check intraday trading stock daily, weekly and monthly chart before one day, if trend is showing bull/positive pattern then follow the trend (Buy) and if trend is showing bearish/negative pattern then follow the trend (Sell).

4. Before one day, predefine how much loss you want to take in your intraday trading stock like 2%, 5%, 10% etc.…. and shall keep that loss figure as a stop loss.

5. Predefine time horizon means whether you want to keep stock for intraday, 2days, 5 days (Swing trading) or up to expiry date.

6. Avoid to do future & option in big size lot and try to do in small size lot.

7. Stick on your intraday trading stock decided level during the trading day.

8. If intraday stock has touched your defined target level, take profit and if intraday stock has touched your defined stop loss level, take loss.

9. You must keep in mind that to save/escape from intraday loss, do not convert intraday trading position in to the delivery position.

10. Do not take too much position in the market.

11. Do intraday trading maximum in two stock during the day (This is my style, shall be vary person to person) and once your trading stock stop loss or target has triggered, don’t do another trading whole day and adopt wait &watch strategy.

12. Don’t do trading out of your limit.

13. Don’t take or try to avoid margin funding support.

14. Never should convert profitable position to loss position.

15. If you feel, there is an uncertainty or selling pressure in the market, immediately sell your trading stock and be away from the market.

16.  Be intact until your trading stock trend is positive (Uptrend / Downtrend) to get maximum profit.

17. Always accept the mistake and try to improve it for future prospect.

18. Don’t be egoistic, be result oriented in the stock market.

19. Try to avoid intraday trading in such a stock which trend/pattern is showing side way zone.

20. Always try to do intraday trading in a stock which trend is showing increasing / decreasing pattern.

 

Regards,

Kamlesh