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<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>It is not mandatory to close the position, but since we make the buy-sell decision based on the intraday charts and not on the historic data, it is advisable to close the trade on a day-today basis.</span>
Normally intraday position is taken depending on the volatility of the stock. Stop loss has to be adhered to strictly. In case the position is not closed the same day then by compulsion the day trader is pulled to become a positional trader . It is not mandatory to close , but strictly this happens only in loss making situations and it is better to come out of a loss at an early stage than wait and block more capital on a loss making situation. So it is good practice to close position on a intra day trade.
No its not mandatory for closing long position in trading on intra day a day after its consider as positioning where else for short position its mandatory to close the deal within the end of the market.
The intention is to make the settlement on the same day. Hence its mandatory to close and execute on same day.
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