Intraday trading involves buying and selling of stocks within the same trading day. TECHNICAL ANALYSIS IN DAY TRADING
1 THE MARKET DISCOUNTS EVERYTHING
2 VALUE MOVES IN TRENDS
3 HISTORY TENDS TO REPEAT ITSELF
In Intraday trading, you never carry overnight positions. In Positional trading, you will carry overnight positions based on your trading method, risk management approach and the time frame of interest
Why do we need to close the intraday position on the same day? Is it mandate?
If you are doing intraday trading, always remember it is known as intraday because you are supposed to close these positions at the end of day, even if it means taking a loss. If your stop loss is hit you should anyways be out.
What is the IDEAL time to trade intraday?
time for trading Intraday would be between 10 am to 11.30 am in the morning and between 1.30 pm to 2.45 pm in the afternoon
Do global markets impact the intraday price movement? How?
Yes,Global markets have impact on Intraday price movement, Asia market price movement reflected in Indian market in morning before market start. UK market will be reflected in indian market in afternoon.
Why the positional analytical methods are not followed in intraday analysis?
The Golden rule of intraday trade is ride with the trend. Hence the first step to make profit in intraday trade is to identify the stock. Intraday charts are the best way to identify stocks for trading intraday. Also one should make a good home work before entering in intraday trade. Home work means, study the historical charts and find out the upward or downward moving stocks. Then see the previous days intraday chart. Find out the support and resistance levels.
What is the process of identifying momentum stock in intraday?
Top-down Approach
In simple terms, top-down approach is an investment strategy
