A B C of Stock Market-10

An unexpected movement can wipe all your investment in a few minutes. Hence, it is important to keep in mind a few intraday trading basics while carrying out intraday trading. Do not trade in the first hour as the opening range is established during that time. The fluctuations of this range can help to identify the intraday trend. Move with the market trend as it allows potential for a greater profit if the trend continues. Another basic rule is to fix entry price and target levels. Set a stop-loss limit so that your losses will be curtailed if the share drops. Also, withdraw if your desired profits are met. Stick to your plan and carry trade in a disciplined manner.Although risk levels are high for intra-day traders, the fact that they sell off their positions by the end of the day means that there is some limitation to the risk they take on. Each day is a new experience, and they don’t have to worry about what happens overnight and which may impact a long-term holding.