10 secrets – How to earn profit in Intraday trading
I am professional trader and on the behalf of my personal experience, i am trying to explain you that How to earn profit in Intraday trading.Intraday trading
- Do proper homework before sitting on the trading desk. Approx 150 stocks, I watch daily and then find somewhere 4-5 stocks for next day.
- Prepare your watch-list as per your homework not as per other things like TV or news.
- Use multiple time-frames for watching stock movement. Use candle chart on software.
- Avoid the first 15 min for entering into the trade. If you are a novice, avoid first 45 mins.
- Always cut small losses and ride your right trade with trailing stop loss.
- Never allow to convert profit into the loss. Booking profit can never make you bankrupt.
- There is no space for Emotions, anger, revenge, feelings, fear, and greed. They are your real enemies.
- Cut your trade at 3.15 PM either you are in profit or loss. It’s a thumb rule for a day trader.
- Use a reliable and full-time broker mainly for day trading. Avoid discount brokers.
- You need a proper setup, good internet speed, desktop or laptop, use a keyboard with a mouse. Avoid trading on mobile as novices do.
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