{"id":3211,"date":"2023-10-08T11:00:00","date_gmt":"2023-10-08T05:30:00","guid":{"rendered":"https:\/\/www.gettogetherfinance.com\/blog\/?p=3211"},"modified":"2026-03-05T17:35:31","modified_gmt":"2026-03-05T12:05:31","slug":"what-is-intraday-trading","status":"publish","type":"post","link":"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/","title":{"rendered":"What is Intraday Trading: Expert Tips and Mistakes to Avoid"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Intraday-trading.webp\" alt=\"intraday trading\" class=\"wp-image-3212\"\/><\/figure>\n\n\n\n<p>Every investor or trader dreams of minting huge profits in the stock market, following the footsteps of stalwarts like Rakesh Jhunjhunwala or Warren Buffet. However, only a few actually manage to enjoy the gravy train.<\/p>\n\n\n\n<p>Intraday trading \u2013 or day trading \u2013 is gaining significant momentum if you want to eke out a livelihood from the stock market. However, negotiating this space can get overwhelming for beginners with lots of technicalities involved. To smoothen this journey, this comprehensive guide discusses intraday trading basics and suggests crucial tips and mistakes to avoid throughout the trading day.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_78 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#What_is_Intraday_Trading\" >What is Intraday Trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#7_Critical_Strategies_to_Follow_For_a_Successful_Trading_Day\" >7 Critical Strategies to Follow For a Successful Trading Day<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#1_Set_Clear_Trading_Goals\" >1. Set Clear Trading Goals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#2_Pick_Liquid_Stocks\" >2. Pick Liquid Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#3_Freeze_Realistic_Entry_and_Exit_Prices\" >3. Freeze Realistic Entry and Exit Prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#4_Monitor_Market-related_News_and_Events\" >4. Monitor Market-related News and Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#5_Grow_One_Step_at_a_Time\" >5. Grow One Step at a Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#6_Do_Not_Go_Broke\" >6. Do Not Go Broke<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#7_Learn_and_Adapt\" >7. Learn and Adapt<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Intraday_Trading_Rules_Every_Trader_Must_Follow\" >Intraday Trading Rules Every Trader Must Follow<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Use_Stop-Loss_in_Every_Trade\" >Use Stop-Loss in Every Trade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Avoid_Overtrading\" >Avoid Overtrading<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Trade_Only_in_Liquid_Stocks\" >Trade Only in Liquid Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Maintain_a_Trading_Journal\" >Maintain a Trading Journal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Focus_on_Consistency_Not_Quick_Money\" >Focus on Consistency, Not Quick Money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Always_Trade_with_a_Clear_Plan\" >Always Trade with a Clear Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Follow_the_1%E2%80%932_Risk_Rule\" >Follow the 1\u20132% Risk Rule<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Do_Not_Trade_on_Tips_or_Rumors\" >Do Not Trade on Tips or Rumors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Keep_Emotions_Under_Control\" >Keep Emotions Under Control<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Respect_Market_Timings\" >Respect Market Timings<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Importance_of_Risk_Management_in_Intraday_Trading\" >Importance of Risk Management in Intraday Trading<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Capital_Protection\" >Capital Protection\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Keep_your_Account_Safe\" >Keep your Account Safe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Encourages_Long-Term_Discipline\" >Encourages Long-Term Discipline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Reduces_Emotional_Pressure\" >Reduces Emotional Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Improves_Consistency\" >Improves Consistency<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#4_Common_Intraday_Trading_Mistakes_to_Avoid\" >4 Common Intraday Trading Mistakes to Avoid<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#1_Not_Rebalancing_the_Assets\" >1. Not Rebalancing the Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#2_Investing_in_Penny_Stocks\" >2. Investing in Penny Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#3_Making_Emotionally_Driven_Decisions\" >3. Making Emotionally Driven Decisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#4_The_Herd_Mindset\" >4. The Herd Mindset<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Who_Should_Do_Intraday_Trading_and_Who_Should_Avoid_It\" >Who Should Do Intraday Trading and Who Should Avoid It<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Who_Should_Do_Intraday_Trading\" >Who Should Do Intraday Trading?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Regular_Market_Followers\" >Regular Market Followers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Traders_Who_Have_a_Clear_Plan_and_Budget\" >Traders Who Have a Clear Plan and Budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Traders_with_High_Risk_Tolerance\" >Traders with High Risk Tolerance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Disciplined_and_Calm_Traders\" >Disciplined and Calm Traders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Individuals_Seeking_Short-Term_Opportunities\" >Individuals Seeking Short-Term Opportunities<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Who_Should_Avoid_Intraday_Trading\" >Who Should Avoid Intraday Trading?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#People_Who_Cannot_Handle_Stress\" >People Who Cannot Handle Stress<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Those_who_use_Borrowed_or_Essential_Funds\" >Those who use Borrowed or Essential Funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Beginners_Without_Market_Knowledge\" >Beginners Without Market Knowledge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Long-Term_Investors\" >Long-Term Investors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Individual_Without_Time_to_Track_the_Market\" >Individual Without Time to Track the Market<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Is_Intraday_Trading_Profitable_for_Beginners\" >Is Intraday Trading Profitable for Beginners?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#1_If_They_Start_Small\" >1. If They Start Small<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#2_If_They_Develop_Emotional_Control\" >2. If They Develop Emotional Control<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#3_If_They_Focus_on_Learning_First\" >3. If They Focus on Learning First<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#4_If_They_Follow_Strict_Risk_Management\" >4. If They Follow Strict Risk Management<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Why_It_Is_Difficult_for_Most_Beginners\" >Why It Is Difficult for Most Beginners?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Trade_Wisely_Trade_Profitably\" >Trade Wisely, Trade Profitably<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Conclusion\" >Conclusion\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#What_is_intraday_trading\" >What is intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_do_intraday_trading\" >How to do intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_make_money_in_intraday_trading\" >How to make money in intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-57\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Is_intraday_trading_profitable\" >Is intraday trading profitable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-58\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Can_NRI_do_intraday_trading_in_India\" >Can NRI do intraday trading in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-59\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_learn_intraday_trading\" >How to learn intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-60\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_start_intraday_trading\" >How to start intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-61\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Is_intraday_trading_safe\" >Is intraday trading safe?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-62\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_intraday_trading_works\" >How intraday trading works?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-63\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Which_time_frame_is_best_for_intraday_trading\" >Which time frame is best for intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-64\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Can_government_employees_do_intraday_trading\" >Can government employees do intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-65\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_trade_in_nifty_intraday\" >How to trade in nifty intraday?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-66\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#What_is_an_intraday_trading_example\" >What is an intraday trading example?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-67\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#What_is_margin_in_intraday_trading\" >What is margin in intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-68\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Which_app_is_best_for_intraday_trading\" >Which app is best for intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-69\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_do_Bank_Nifty_intraday_options_trading\" >How to do Bank Nifty intraday options trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-70\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_do_intraday_trading_in_India\" >How to do intraday trading in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-71\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_earn_in_intraday_trading\" >How to earn in intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-72\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_to_select_stocks_for_intraday_trading\" >How to select stocks for intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-73\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#How_much_can_I_earn_in_intraday_trading\" >How much can I earn in intraday trading?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-74\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/what-is-intraday-trading\/#Which_candle_is_best_for_intraday_trading\" >Which candle is best for intraday trading?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Intraday_Trading\"><\/span><strong>What is Intraday Trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/what-is-intraday-trading-scaled.webp\" alt=\"what is intraday trading\" class=\"wp-image-3213\"\/><\/figure>\n\n\n\n<p>Intraday trading involves buying\/selling financial assets and securities during market hours on the same day. Day traders predict and earn profits from intraday price changes in assets, including stocks, <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/types-of-bonds\/\" target=\"_blank\" rel=\"noreferrer noopener\">bonds<\/a>, exchange-traded funds (ETF), and <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/commodity-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">commodities<\/a>.<\/p>\n\n\n\n<p>The primary objective of intraday trading is to make quick money and exit your position as soon as possible. Additionally, the holding time for assets can vary between some minutes to a few hours.\u00a0\u00a0<\/p>\n\n\n\n<p>Generally, day traders scout for high beta stocks, whose prices fluctuate frequently on a regular basis. So, for instance, if a stock price is likely to climb, day traders buy low and sell high. Contrarily, if it is expected to drop, day traders decide to short-sell \u2013 selling high and buying low. Indeed, intraday trading demands an acute sense of how the stock market could behave and take action accordingly.<\/p>\n\n\n\n<p><strong>Also Read<\/strong>: <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/art-of-trading-setup\/\" target=\"_blank\" rel=\"noreferrer noopener\">Art of Trading Set Up<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Critical_Strategies_to_Follow_For_a_Successful_Trading_Day\"><\/span><strong>7 Critical Strategies to Follow For a Successful Trading Day<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/strategies-to-follow-for-intraday-trading-scaled.webp\" alt=\"strategies to follow for intraday trading\" class=\"wp-image-3214\"\/><\/figure>\n\n\n\n<p>While intraday trading may bring lucrative financial gains to people, it also results in huge losses if done without keeping up with market rules.<br><br>Here are seven pro tips to add to your intraday trading playbook:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Set_Clear_Trading_Goals\"><\/span><strong>1. Set Clear Trading Goals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Before selecting stocks, it is essential to set your trading goals and build a solid intraday trading strategy. Decide which small or large stocks, particular industries, or technical indicators you want to focus on. Furthermore, establish profit targets as daily\/weekly\/monthly income goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Pick_Liquid_Stocks\"><\/span><strong>2. Pick Liquid Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Choose <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/small-cap-vs-large-cap\/\" target=\"_blank\" rel=\"noreferrer noopener\">large-cap and mid-cap<\/a> equities with high liquidity based on your preferences and risk appetite. These scripts have a high trading volume and tight bid-ask spreads. Hence, their liquidity ensures that your buy\/sell orders get executed promptly and at reasonable prices.<\/p>\n\n\n\n<p>So, identify stocks that are actively traded, frequently make it to the news, or are part of prominent bourses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Freeze_Realistic_Entry_and_Exit_Prices\"><\/span><strong>3. Freeze Realistic Entry and Exit Prices<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Intraday trading runs on the ongoing market trend. Hence, use <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/fundamental-and-technical-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">fundamental and technical analysis<\/a>, or a combo of both, to identify potential breakouts or breakdowns as well as support and resistance levels. Determine your risk-reward ratio as well as stop-loss and take-profit levels accordingly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Monitor_Market-related_News_and_Events\"><\/span><strong>4. Monitor Market-related News and Events<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Closely follow market news and events that significantly affect share prices. Keep tabs on interest rate changes, companies\u2019 financial reports, geopolitical news, and industry developments. In addition, you can browse financial websites or news aggregators for up-to-the-minute information. Such major events trigger short-term price fluctuations and trading opportunities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Grow_One_Step_at_a_Time\"><\/span><strong>5. Grow One Step at a Time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As a rookie intraday trader, a few successful trades might have put you on cloud nine, but it is still too soon to celebrate. Do not make aggressive bets initially. Instead, pick a maximum of 2-3 stocks to start with and increase the trade volume and value as you gain skills and confidence.<\/p>\n\n\n\n<p>Starting small will let you learn from mistakes and understand market dynamics, so you avoid repeating the mistakes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Do_Not_Go_Broke\"><\/span><strong>6. Do Not Go Broke<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Always remember Warren Buffet\u2019s mantra: \u201cDo not put all eggs in one basket.\u201d<\/p>\n\n\n\n<p>You will suffer some losses throughout your trading journey. So, only invest a small fraction of your trading capital in each trade. Define a maximum loss limit for each trade or day, also called risk percentage or risk per trade, to prevent considerable losses.<\/p>\n\n\n\n<p>Leverage trailing <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/stop-loss-order\/\" target=\"_blank\" rel=\"noreferrer noopener\">stop-loss orders<\/a> to book profits as the trade goes in your favor. Further, implement position-sizing techniques to control your trade size or volume. Intraday trading is risky; as such, invest only what you can afford to lose.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Learn_and_Adapt\"><\/span><strong>7. Learn and Adapt<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Keep a record of all your trades \u2013 both successful and unsuccessful \u2013 including the motive behind each trade and the outcomes. Regularly analyze them, identify patterns, learn from your mistakes, and refine your stock selection in real time accordingly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Intraday_Trading_Rules_Every_Trader_Must_Follow\"><\/span>Intraday Trading Rules Every Trader Must Follow<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"207\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-2-3-1772711973-6RuW-1024x207.webp\" alt=\"Intraday Trading Rules \" class=\"wp-image-11419\" srcset=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-2-3-1772711973-6RuW-1024x207.webp 1024w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-2-3-1772711973-6RuW-300x61.webp 300w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-2-3-1772711973-6RuW-768x155.webp 768w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-2-3-1772711973-6RuW.webp 1201w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Here are some important intraday trading rules that every trader must follow:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_Stop-Loss_in_Every_Trade\"><\/span>Use Stop-Loss in Every Trade<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In trading, capital protection always come first than making a profit. Lots of traders fail not because of not using strategies effectively, but because they refuse to cut their losses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Avoid_Overtrading\"><\/span>Avoid Overtrading<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>More trading does not mean more profit. A few good trades give you better returns compared to the average ones. Moreover, overtrading led to impulsive decisions.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_Only_in_Liquid_Stocks\"><\/span>Trade Only in Liquid Stocks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Always choose stock with high trading volume and have tight bid-ask spreads because they are easier to sell and buy without losing money.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maintain_a_Trading_Journal\"><\/span>Maintain a Trading Journal<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Keep a record of every trade:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reason for entering<\/li>\n\n\n\n<li>Reason for exiting<\/li>\n\n\n\n<li>Outcome<\/li>\n\n\n\n<li>Lessons learned<\/li>\n<\/ul>\n\n\n\n<p>For a trader, it is important to review it regularly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Focus_on_Consistency_Not_Quick_Money\"><\/span>Focus on Consistency, Not Quick Money<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Intraday trading is about slow growth, not overnight success. Several retail traders fail because they go after unrealistic income goals.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Always_Trade_with_a_Clear_Plan\"><\/span>Always Trade with a Clear Plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is so important for a trader to always enter a trade by knowing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stop-loss level<\/li>\n\n\n\n<li>Risk-reward ratio<\/li>\n\n\n\n<li>Your entry price<\/li>\n\n\n\n<li>Target price<\/li>\n<\/ul>\n\n\n\n<p>If you haven\u2019t decided these things early, then you\u2019re just gambling.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Follow_the_1%E2%80%932_Risk_Rule\"><\/span>Follow the 1\u20132% Risk Rule<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Traders never have to take risks of more than 1\u20132% of their trading capital on a single trade. This protects you from losing everything when the market is going down.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Do_Not_Trade_on_Tips_or_Rumors\"><\/span>Do Not Trade on Tips or Rumors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is important for you not to follow blindly market experts or social media calls. The best investors don\u2019t act on gut feelings; they do research and stick to their plans.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Keep_Emotions_Under_Control\"><\/span>Keep Emotions Under Control<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A trader needs to keep their emotions in check and should avoid:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Emotionally increasing position size\u00a0<\/li>\n\n\n\n<li>Revenge trading after losses<\/li>\n\n\n\n<li>Exiting early due to panic<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Respect_Market_Timings\"><\/span>Respect Market Timings<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Traders need to ensure that all their intraday positions are closed before the end of market hours. Holding them overnight is risky, unless you\u2019ve planned for it.\u00a0<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>\u201cIn trading, protecting what you have matters more than making money.\u201d<\/strong>\u2013<em>\u2013<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-green-cyan-color\">Paul Tudor Jones\u00a0<\/mark><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Importance_of_Risk_Management_in_Intraday_Trading\"><\/span>Importance of Risk Management in Intraday Trading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"206\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-4-3-1772712014-wM9r-1024x206.webp\" alt=\"Importance of Risk Management in Intraday Trading\" class=\"wp-image-11420\" srcset=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-4-3-1772712014-wM9r-1024x206.webp 1024w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-4-3-1772712014-wM9r-300x60.webp 300w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-4-3-1772712014-wM9r-768x155.webp 768w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-4-3-1772712014-wM9r.webp 1201w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Intraday trading is highly volatile and changes very rapidly. In active indices such as <strong>SENSEX <\/strong>and <strong>NIFTY 50<\/strong>, prices fluctuate in minutes. In a market like this, risk management is not a choice but a necessity.\u00a0<\/p>\n\n\n\n<p>Many traders focus only on entry signals and strategy, but experienced investors like Warren Buffett emphasize capital protection.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Protection\"><\/span>Capital Protection\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The main goal of risk management is to avoid major setbacks. A trader can lose a trade no matter how skilled he is. Small losses are a part of trading, but a big loss can wipe out gains of weeks or months. If you protect your money, it helps you to build wealth and become better.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Keep_your_Account_Safe\"><\/span>Keep your Account Safe<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Intraday trading mainly involves leverage and margin. Leverage can increase your profit, but also multiply your losses. When the market fluctuates, correct position sizing and stop-loss placement can save your account from being wiped out.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Encourages_Long-Term_Discipline\"><\/span>Encourages Long-Term Discipline<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Risk management teaches you the right habits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Think before every trade<\/li>\n\n\n\n<li>Always set a stop-loss before entering a trade<\/li>\n\n\n\n<li>Only take calculated risks<\/li>\n\n\n\n<li>Know when to stop for the day<\/li>\n<\/ul>\n\n\n\n<p>These exact habits set disciplined traders apart from emotional ones.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reduces_Emotional_Pressure\"><\/span>Reduces Emotional Pressure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When you decide how much risk you can take on each trade, it reduces the risk of trading. Without a clear plan, even a small downturn in the market can make you panic or push you into impulsive decisions. Risk control makes you a calmer, more logical trader.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Improves_Consistency\"><\/span>Improves Consistency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For a smart trader, winning every trade isn\u2019t the goal; getting the risk-reward ratio is. By risking \u20b91 to make \u20b92 or \u20b93, you can grow your account slowly over time.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Common_Intraday_Trading_Mistakes_to_Avoid\"><\/span><strong>4 Common Intraday Trading Mistakes to Avoid<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/common-intraday-trading-mistakes-scaled.webp\" alt=\"common intraday trading mistakes\" class=\"wp-image-3215\"\/><\/figure>\n\n\n\n<p>Here are four top mistakes you must avoid for more profitable and risk-free intraday trading sessions:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Not_Rebalancing_the_Assets\"><\/span><strong>1. Not Rebalancing the Assets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Rebalancing involves periodically buying\/selling assets in a corpus to maintain a desired level of risk. Day traders often forget to rebalance their assets, resulting in them getting overweight at market highs and underweight during market lows. This eventually leads to poor <a href=\"https:\/\/www.investopedia.com\/terms\/r\/returnoninvestment.asp#:~:text=Return%20on%20Investment%20(ROI)%20is%20a%20popular%20profitability%20metric%20used,its%20initial%20cost%20or%20outlay.\" target=\"_blank\" rel=\"noreferrer noopener\">returns on investment<\/a> (ROI).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Investing_in_Penny_Stocks\"><\/span><strong>2. Investing in Penny Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>While penny scripts offer significantly high returns, they come with high volatility. As a beginner, you should avoid penny stocks, given the high risk of capital loss.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Making_Emotionally_Driven_Decisions\"><\/span><strong>3. Making Emotionally Driven Decisions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Making <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/intraday-trading\/\" target=\"_blank\" rel=\"noreferrer noopener\">intraday trading<\/a> decisions based on your instincts may hit the mark sometimes. However, gut feelings are mixed with personal options and sentiments, including panic, fear, and greed. So, succumbing to these emotions can influence you to make impulsive decisions, potentially leading to huge losses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_The_Herd_Mindset\"><\/span><strong>4. The Herd Mindset<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Most new intraday traders commit the mistake of blindly following the actions and decisions of other investors \u2013 otherwise called herd behavior. With this mentality, you can end up paying more for equities or initiate short positions for scrips whose prices have already declined and can rise in the near future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Should_Do_Intraday_Trading_and_Who_Should_Avoid_It\"><\/span>Who Should Do Intraday Trading and Who Should Avoid It<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"206\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-6-4-1772712035-v7QW-1024x206.webp\" alt=\"Who Should Do Intraday Trading and Who Should Avoid It\" class=\"wp-image-11421\" srcset=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-6-4-1772712035-v7QW-1024x206.webp 1024w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-6-4-1772712035-v7QW-300x60.webp 300w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-6-4-1772712035-v7QW-768x155.webp 768w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-6-4-1772712035-v7QW.webp 1201w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Intraday trading is not for everyone. While it allows generating quick profits, it also demands strong market understanding, emotional control, and discipline. Before you get started, ask simple questions\u2013 does this really suit who you are, what you want financially, and how much risk you\u2019re comfortable with?\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Should_Do_Intraday_Trading\"><\/span>Who Should Do Intraday Trading?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regular_Market_Followers\"><\/span><strong>Regular Market Followers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Intraday trading requires constant attention as you have to close all your trades before the market shuts. If you can actively watch indices like NIFTY 50 or SENSEX throughout the day, then you can think about it.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Traders_Who_Have_a_Clear_Plan_and_Budget\"><\/span>Traders Who Have a Clear Plan and Budget<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>If you know how to manage your risk-reward ratio, read charts, size your positions right, and only trade with extra money, then intraday is the best option.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Traders_with_High_Risk_Tolerance\"><\/span>Traders with High Risk Tolerance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Intraday trading involves leverage and rapid price swings. Those who can handle short-term losses without fear are suited for this.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disciplined_and_Calm_Traders\"><\/span>Disciplined and Calm Traders<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Successful intraday traders strictly follow risk management rules and stop-loss levels. In intraday trading, emotional discipline is considered the most important strategy.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Individuals_Seeking_Short-Term_Opportunities\"><\/span>Individuals Seeking Short-Term Opportunities<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>If your main goal is to gain short-term income instead of long-term wealth creation, then intraday trading is best for you.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Should_Avoid_Intraday_Trading\"><\/span>Who Should Avoid Intraday Trading?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"People_Who_Cannot_Handle_Stress\"><\/span>People Who Cannot Handle Stress<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The nature of intraday trading makes it stressful. Frequent price swings can trigger anxiety and fear, which can lead to impulsive decisions.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Those_who_use_Borrowed_or_Essential_Funds\"><\/span>Those who use Borrowed or Essential Funds<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Intraday trading is never done with emergency savings, essential funds, or borrowed money. It is not for those who do so.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Beginners_Without_Market_Knowledge\"><\/span>Beginners Without Market Knowledge<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Entering intraday trading without understanding volatility, risk management, or price action can lead to significant losses.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Investors\"><\/span>Long-Term Investors<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Not everyone is made for intraday trading. If your goal is to build wealth slowly and earn dividend then you should avoid intraday trading.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Individual_Without_Time_to_Track_the_Market\"><\/span>Individual Without Time to Track the Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Those who don\u2019t have time to monitor charts during market hours may find it difficult to manage intraday positions effectively.<\/p>\n\n\n\n<p>Key Takeaway: Discipline always wins over impulse.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_Intraday_Trading_Profitable_for_Beginners\"><\/span>Is Intraday Trading Profitable for Beginners?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"207\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-7-5-1772712173-2fCm-1024x207.webp\" alt=\"Is Intraday Trading Profitable for Beginners?\" class=\"wp-image-11422\" srcset=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-7-5-1772712173-2fCm-1024x207.webp 1024w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-7-5-1772712173-2fCm-300x61.webp 300w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-7-5-1772712173-2fCm-768x155.webp 768w, https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/Artboard-12-copy-7-5-1772712173-2fCm.webp 1201w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Intraday trading can be profitable for beginners, but only under some conditions. Without emotional control, risk management, and proper knowledge, intraday trading can go from exciting to expensive very quickly.\u00a0 Let\u2019s break it down realistically when iut can be profitable for beginners:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_If_They_Start_Small\"><\/span>1. If They Start Small<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Starting with a smaller amount keeps the stress low and keeps your emotions in check, which can help avoid big financial mistakes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_If_They_Develop_Emotional_Control\"><\/span>2. If They Develop Emotional Control<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Having emotional control over oneself is so crucial. Intraday trading is really very fast; prices in indices like<strong> NIFTY 50<\/strong> and <strong>SENSEX <\/strong>change constantly.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_If_They_Focus_on_Learning_First\"><\/span>3. If They Focus on Learning First<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Beginners who understand fundamental concepts such as position sizing, support and resistance, and risk-reward ratio.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_If_They_Follow_Strict_Risk_Management\"><\/span>4. If They Follow Strict Risk Management<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Always use a stop-loss and never risk more than 1\u20132% of your capital on a single trade. This is the best way for beginners to protect themselves from losses.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_It_Is_Difficult_for_Most_Beginners\"><\/span><strong>Why It Is Difficult for Most Beginners?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to studies and data from brokers, the majority of retail traders face difficulty in their first year. The main cause includes:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lack of strategy<\/li>\n\n\n\n<li>Trading based on tips<\/li>\n\n\n\n<li>Overtrading<\/li>\n\n\n\n<li>Trading out of frustration after a bad loss<\/li>\n\n\n\n<li>Ignoring stop-loss<\/li>\n<\/ul>\n\n\n\n<p>Several beginners see the success of someone like Rakesh Jhunjhunwala and start intraday trading by expecting quick returns. However, those investors built wealth through long-term investing.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_Wisely_Trade_Profitably\"><\/span><strong>Trade Wisely, Trade Profitably<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2023\/10\/trade-wisely-scaled.webp\" alt=\"trade wisely\" class=\"wp-image-3216\"\/><\/figure>\n\n\n\n<p>Intraday trading is challenging. Studies reveal 7 out of 10 day traders quit after the first year. Moreover, 95% of traders give it up by the third year.<\/p>\n\n\n\n<p>The key to flourishing as an intraday trader lies in your own temperament. That means emotional management, the ability to watch stock markets like a hawk, make calculated moves, and then take tough buy and sell decisions at the right time. So, test-drive the tips and strategies discussed above and learn without staking all your savings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Intraday trading give opportunity to generate quick income but also has high risk. The success of a trader depends more on emotional control, discipline, and risk management than on forecasting.\u00a0If you really want to trade- start small, keep your capital safe, and stick to your plan. Markets like <strong>NIFTY 50<\/strong> and <strong>SENSEX <\/strong>are unpredictable, but by managing risk, you can grow your account steadily.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1696330519145\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_intraday_trading\"><\/span><strong>What is intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Intraday trading is a financial strategy where traders buy and sell shares of a stock (s) within the same trading day. Also called day trading, traders aim to book profits from short-term price movements of stocks, capitalizing on price fluctuations that occur within minutes or hours.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330528878\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_do_intraday_trading\"><\/span><strong>How to do intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>For a successful trading day, always select stocks with high trading volumes for better liquidity and price movement opportunities. Meanwhile, perform in-depth technical and\/or fundamental analysis to identify potential trades. Determine entry and exit points and stop-losses to manage risk. Closely monitor the chosen stocks, look for price triggers throughout the trading day, and execute your trades accordingly.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330538000\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_make_money_in_intraday_trading\"><\/span><strong>How to make money in intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Follow these steps to make money in intraday trading:<\/p>\n<p>1.Determine your risk appetite and risk-reward ratio.<br \/>2.Pick liquid stocks with high trading volumes. Avoid high-volatile scrips.<br \/>3.Stay updated on economic data, market news, and company announcements.<br \/>4.Use technical analysis to identify patterns, trends, and signals for more accurate trading decisions.<br \/>5.Set stop-losses and position sizing to avoid significant losses.<br \/>6.Keep a check on your emotions.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330610913\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Is_intraday_trading_profitable\"><\/span><strong>Is intraday trading profitable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>While intraday trading can be profitable, it is equally possible to incur losses. You must create a well-designed strategy, trade liquid stocks, monitor market sentiments, practice sound risk management, and stick to the plan. Only then will your chances of earning profits while minimizing potential losses increase.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330620566\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can_NRI_do_intraday_trading_in_India\"><\/span><strong>Can NRI do intraday trading in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No, NRIs cannot execute intraday trades in India. Instead, they can only invest in future & options (F&O) and equity delivery. To trade in F&O, they must appoint a custodian and have a Custodian Participant (CP) code.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330629157\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_learn_intraday_trading\"><\/span><strong>How to learn intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You will find numerous online courses to learn intraday trading, but Get Together Finance stands out as the top pick. Our platform offers ISO-accredited certification, providing credibility to your skills. Gain the advantage of advance price action guidance for smarter trading decisions. Access lifetime mentorship support for tailored guidance, and become part of the vibrant GTF Community for knowledge sharing.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330638460\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_start_intraday_trading\"><\/span><strong>How to start intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To start intraday trading, create a trading\/demat account. Have an automated trading system (ATS) displaying charting platforms for real-time market situations and live data feeds. This ATS executes buy\/sell orders based on rules defined by the trader.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330647987\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Is_intraday_trading_safe\"><\/span><strong>Is intraday trading safe?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Intraday trading carries inherent risks due to the short-term nature of the trades and rapid market fluctuations. Hence, traders must prioritize in-depth research, a well-thought-out trading plan, proper risk management, and discipline. Moreover, they should invest what they can afford to lose.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330657568\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_intraday_trading_works\"><\/span><strong>How intraday trading works?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>In intraday trading, traders look for stocks that can either move up or down. If a stock\u2019s price will likely increase, traders buy low and sell high. Otherwise, they short-sell, meaning sell high and buy low. Intraday trades use technical analysis methods, track price movements, and watch relevant news and updates to mark potential entry and exit points.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330667659\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Which_time_frame_is_best_for_intraday_trading\"><\/span><strong>Which time frame is best for intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Common time frames intraday traders use include 5-minute, 15-minute, and 30-minute charts. Shorter time frames, like 1 or 5 minutes, are ideal for scalping and quick trades, while longer time frames, like 15 or 30 minutes, offer a broader view and may be better for swing trading within the same day.<\/p>\n<p>Traders should choose a time frame that suits their trading style, risk tolerance, and desired level of activity.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330680393\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can_government_employees_do_intraday_trading\"><\/span><strong>Can government employees do intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>India\u2019s Central Civil Service (Conduct) Rules, 1964 prohibits government employees (central or state) from engaging in speculative activities, including intraday and F&O. Government employees can rather invest in financial instruments if they wish to hold them for at least 6 months. These include mutual funds, national pension schemes (NPS), RBI bonds, and ETFs.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330690685\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_trade_in_nifty_intraday\"><\/span><strong>How to trade in nifty intraday?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Trading in Nifty intraday follows the same procedure as in other stock market indices. The only difference is that you have to trade stocks only under Nifty.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330699552\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_an_intraday_trading_example\"><\/span><strong>What is an intraday trading example?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Let\u2019s say you purchase 100 shares of a stock at \u20b9100 apiece at 9:40 AM (amounting to \u20b910,000) and sell them for \u20b9105 apiece at 12:40 PM. Here, you will make a profit of \u20b95 on each share or 5% intraday profit.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330709686\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_margin_in_intraday_trading\"><\/span><strong>What is margin in intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Intraday trading margin allows traders to borrow their broker or brokerage firm\u2019s resources to buy a larger stock quantity than they can afford in exchange for the shares. You must have a margin account instead of a regular brokerage account to execute trades on margins<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330719591\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Which_app_is_best_for_intraday_trading\"><\/span><strong>Which app is best for intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>When it comes to learning intraday trading, the best app is one that offers comprehensive education and support. At Get Together Finance, we provide just that. Our program offers lifetime access to Free PDF Notes, a valuable GTF trader checklist, and advanced trading strategies in the zone. Plus, you\u2019ll become part of our thriving 12,000+ member GTF community and receive an ISO-accredited certification upon completion.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330730390\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_do_Bank_Nifty_intraday_options_trading\"><\/span><strong>How to do Bank Nifty intraday options trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Trading option contracts in Bank Nifty intraday follows the same process as in other stock market indices. Here, you have to buy\/sell options of stocks only under the Bank Nifty index, including HDFC Bank, ICICI Bank, and Axis Bank.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330743455\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_do_intraday_trading_in_India\"><\/span><strong>How to do intraday trading in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The procedure for intraday trading in India is the same as in the global market. Pick liquid stocks, create a trading plan with entry and exit points, and implement strict risk management techniques like stop-loss orders. Use technical analysis, charts, and indicators to identify potential trades. Furthermore, continuously monitor the market and adhere to your strategy.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330751896\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_earn_in_intraday_trading\"><\/span><strong>How to earn in intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Intraday stocks always move according to the market sentiment. So, to earn profits in intraday trading, buy\/sell stocks based on how the stock market performs. For instance, if the market is bullish, buy and sell a couple of times to book small profits instead of waiting for that significant move. Similarly, during bearish sentiments, short-sell and buy at lower levels to earn some small profits with 2-3 trades.<\/p>\n<p>Keep up-to-date with market-related news and events and set stop losses and entry and exit points to reduce losses.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330763575\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_to_select_stocks_for_intraday_trading\"><\/span><strong>How to select stocks for intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>For optimal gains in intraday trading, choose stocks that:<\/p>\n<p>1.Have high liquidity as they have high trading volumes.<br \/>2.Have medium-to-high volatility.<br \/>3.Show price movement corresponding to their sector.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330782681\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_much_can_I_earn_in_intraday_trading\"><\/span><strong>How much can I earn in intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Earnings in intraday trading vary widely and rely on multiple factors, including trading capital, strategy, risk management, and market conditions. If you are skilled enough and have strategies in place, you can mint in at least five or six-figure ranges. However, most intraday traders lose money in the markets. So, be extra-cautious with a well-defined risk-reward ratio while trading stocks.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1696330792724\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Which_candle_is_best_for_intraday_trading\"><\/span><strong>Which candle is best for intraday trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Popular candlestick chart patterns for intraday trading include three white soldiers, morning star, hanging man, and shooting star. For instance, the effectiveness of these candlestick patterns varies, so combine them with other technical indicators and risk management strategies for successful intraday trading.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Every investor or trader dreams of minting huge profits in the stock market, following the footsteps of stalwarts like Rakesh Jhunjhunwala or Warren Buffet. However, only a few actually manage&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,59],"tags":[],"class_list":["post-3211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market","category-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts\/3211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/comments?post=3211"}],"version-history":[{"count":9,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts\/3211\/revisions"}],"predecessor-version":[{"id":11423,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts\/3211\/revisions\/11423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/media\/10035"}],"wp:attachment":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/media?parent=3211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/categories?post=3211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/tags?post=3211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}