Intraday Analysis

Day traders must square off their positions at the end of the session. This is easy when you are trade in large-cap, index-based stocks which are highly liquid and get traded in large volumes every day.
A stop-loss is triggered for selling shares if the price moves beyond a specified limit. It helps the buyer to limit the losses.
Trader should book profit when the shares reach his target. If trader feels that there is more upside to the stock he should reset the stop loss.
A good trader will never risk more than 2% of the trade capital on single trade.