Do you want to trade in stock for intraday? You have to pick the best stock for intraday trading. It will help to gain more profit. In this article, We know how to pick the best stock for intraday trading written by Chetan Choudhary.
Intraday trading means doing buying and selling on the same day. It is called as the Intraday trading. However, It is also known as Day trading. It is high-risk trading in the stock market. In other words, intraday trading means all positions are squared-off before the market closes and there's no change in ownership of shares as a result of the trades.
Until recently, people perceived day trading to be the domain of monetary firms and professional traders. But this has changed today, because of the recognition of electronic trading and margin trading. Day trading is becoming one of the popular tradings.
I think you have picked a best stock and read to start intraday. If you have not understood then read the article again. Also, give the feedback in the comment below. It will help us to improve the website and make better for you.
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| The article is written on How to pick the best stocks for the intraday trading ( Day trading ) |
What is Intraday trading?
Intraday trading means doing buying and selling on the same day. It is called as the Intraday trading. However, It is also known as Day trading. It is high-risk trading in the stock market. In other words, intraday trading means all positions are squared-off before the market closes and there's no change in ownership of shares as a result of the trades.
Until recently, people perceived day trading to be the domain of monetary firms and professional traders. But this has changed today, because of the recognition of electronic trading and margin trading. Day trading is becoming one of the popular tradings.
Important points to remember in Intraday trading.
- You should not start day trading if you are a beginner.
- Square-off all the positions before the market close.
- Do trading in volume stock and top stocks of the week or month.
- Choose the stock of the best company.
- Set stop loss and Target.
How to pick the best stock for intraday trading ( Day trading )
Before we understand how to pick stock for intraday trading. You have to understand the above things. If you have read then continue reading.
You have to do some work before 1 day of trading. You have to research for the top gainer of the week or month.
Let's see 10 important points to pick stock for Day trading.
1) You should have 1 month of experience in the stock market.
2) Go to the Investing.com and search for the top 15 stocks.
3) Go to the Trending stocks it will give 15 trending stocks. From these stocks you have to select the best stock according to your analysis.
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| Top 15 trending stock image:- How to pick the best stocks for intraday trading. |
4) From these 15 trending stocks only select the 2 stocks. Select these stocks on analysis, Volume, Candlestick formation, and many more analysis tools.
5) Follow the above points before 1 day of intraday trading.
6) Come on the next day for intraday trading.
7) Do not enter the first 30 minutes of trading. After a period over, Open your analysis tools and analysis both the stocks and select one from it.
8) If you analyze by candlestick than you have to select 5 minutes candlestick. It will help you to understand properly.
9) Always set the stop loss and target for the stock. You are now ready to start day trading.
10) Always exit from that stock after heating the stop loss and target.
I think you have picked a best stock and read to start intraday. If you have not understood then read the article again. Also, give the feedback in the comment below. It will help us to improve the website and make better for you.
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