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Intraday trading strategy | day trading | earn money in stock market
What is intraday trading?
- What is intraday trading?
- What are the advantages of intraday trading
- What are the disadvantages of intraday trading
- Top 5 mistakes that people often make in intraday trading
- 3 things that you need to do in intraday trading
6. Share Market Strategy for intraday trading
- Which stock should be selected
- which is the best stock
- Where to do Entry
- Where to Stop-Loss
- how many stocks to buy
- Where to keep profit target
7. What are the benefits of this strategy
8. 10 very important questions related to this strategy
9. The biggest secret of intraday trading
If you want to start trading at 9:15 and close your laptop at 10:15 and you can earn a lot, then this article is for you.
10. The biggest secret of intraday trading
Intraday trading means you have to buy and sell a stock in the same day.
Advantages of Intraday Trading
The biggest advantage of intraday trading is that you can earn money everyday by doing intraday trading. ( daily income, 1 hour work, no Bose, no place restriction). Even when the whole world will be closed, the stock market will not be closed. Share market is a business and not a job.
Some disadvantages of intraday trading
Loss is also quick in intraday trading and profit is also quick. If you do all this then you have more chance of loss.
- Risk management – Even if you do not manage risk, you will lose
- Money management- Even if you do not manage money, you will still have a loss.
- Quantity – Even if you do not take the right quantity, you will suffer loss.
- Blindly trading – Even if you do trading without thinking, you will lose
- Trade on tips- Even if you do trading on someone’s given tip, you will still lose
- Trade on news- Even if you do trading just by watching news, you will lose
- Addictive- If you sit like crazy on the laptop all day and keep looking at the share market graph, you will still be in loss. If you will be sitting on the laptop all day, then it is not called trading, it is called addiction.
Top 5 mistakes that people make in intraday trading
In intraday trading, when you buy a share, then you have to sell that share before the market closes, you do not have to keep it till the next day, even if the share is going in loss.
There should be a system to do intraday trading. Risk management should already be set.
If there is no rule to do intraday trading or there is no management then you cannot do intraday trading.
If you are doing intraday trading with a bad mood or you are doing intraday trading with the mentality of revenge, then this will not work, you will suffer loss by doing so.
If you are thinking that you can earn money on the advice given by someone or the tip given by someone, then it will not work at all, you are not going to benefit from doing this.
3 Important things you need to do in intraday trading
Fix your time
Fix your time that for how long I have to do trading every day, after that I do not have to do trading. Trading does not take place throughout the day.
Limit your stocks
It is not that if 1600 stock is of NSE and 5000 of BSE stocks then you start trading on all stocks only. There should be some fixed amount of stocks to do trading. You have to keep a limit on some 25- 50 stocks and choose some good stocks out of them on which you will trade and you will have to change these stocks daily.
Trade only if it suits you
See there are many types of trading. It is not necessary that intraday trading is made for you. You try different types of trading and check whether intraday trading is made for you or not.
|1. Swing trading||1. Intraday trading|
|2. Positional trading|
|3. Investment Trading|
You have to do stock selection at night. And you have to lift these stocks from Nifty 50 only. If you have more budget or you can trade more then you can go for Nifty 200. But I would recommend that you start with Nifty 50 only.
- Nifty 50/200
- Stock selection at night
When you have to make stock selection at night, then what you have to see – you have to see simple 44 SMA (simple moving average) which should be rising. You have to select those stocks which will be giving rising graph for rising graph on the time frame of 5 minutes and 15 minutes at night.
At night you get graph 44 rising moving and if you wake up in the morning and get a big green candle then you have to make that stock your final and buy those stocks. First or second green candle will run. There is no problem whether the first or second candle is green, you can take that share.
The top point of the big green candle will be buy and the bottom point will be stop loss.
And in this your target will be 1:2
Which means if your stock is 100 and stop loss is 95. So here you have to keep your target 110. You have to keep your target double as much as you keep stop loss, like if you have kept ₹ 5 stop loss then you have to keep profit ₹ 10.
To check the graph of stocks, we will use key stocks software. Which is an online share market analysis tool.
The selection of your stock has to be done at night and the graph of the stock should be like this. In the last time when the market will close, at that time the graph of the stock should be something like this. At this time the time frame should be 5 minutes 15 minutes. In the morning, when you want to buy a stock, then a big green candle should be formed in the graph of that stock. It does not matter whether the candle is first or second. But a green candle should be formed and the top point of the green candle will be buy and the bottom point will be stop loss.
If you get a green candle, then you have to buy that stock or share, at that price you have to buy that stock and put a stop loss at the lowest point of the green candle and suppose At this time the share price is ₹ 100 and you have kept the stop loss of ₹ 95, then here the loss is ₹ 5 and you have to keep the target of double from loss, that means you have to keep the target of ₹ 110 here as soon as ₹ 110. The share will reach, you have to sell it.