quantity, say 25 of the quantity one is intended to buy. One thing to be mentioned here is intraday trading is high risk involved. Some people will jump in the market at the opening bell itself. Intraday charts are the best way to identify stocks for trading intraday.
Secrets of successful Intraday Trading - Bramesh s Technical
But such people will end up in loss only. The Golden rule of intraday trade is ride with the trend. Also if bought, keep stop loss at previous days lows, or days lows. Also shorting below support level and buying above resistance level are good ideas. Also one should make a good home work before entering in intraday trade. It is risky always. If one shorted in a stock, keep stop loss at previous days high or days high. Otherwise one will loose heavily. Where to keep stop loss is a very important question. Home work means, study the historical charts and find out the upward or downward moving stocks. Watch the market in the early trades and find out the trend.
Some people will not book profit and wait for more and more profit. The better strategy will be buy at previous days support level and short at previous days resistance levels. If stop loss triggers, dont enter again. Keeping stop loss is very important for intraday trade.
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