You can be a successful intra day trader if you have right Knowledge and temperament.

Intraday analysis is useful for carrying out intra day trading in stocks. Positional analysis is useful for a trading period more than one day. There is no delivery of stocks in intraday trading where as in positional trading delivery of stocks is taken. Intraday trading is basically dependent on market sentiment and market sentiment is strongly influenced by trends in global markets like the Asian, European and US markets. Ideal time for intraday trading is 10 to 11.30 am and again between 2 to 2.45 pm to take into account the closing of Asian markets by 11 am and opening of European markets around 12.30. This time period will factor in the global market trends. One can increase his chances of making profit if he goes along with the market trend.