7 Basic Rules for Trading in Intraday

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Looking for best intraday trading rules? Platinum Trading Systems presents simple, easy & golden rules for Intraday trading. Get This 7 Rules and Earn More Money in Intraday.

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Rules for Intraday Trading:

Rules for Intraday Trading

Index:

Index Intraday Trading 7 Basic Rules for Trading in Intraday 1. Timing the Market 2. Plan Investment Strategy and Stick with it 3. Exiting the Position 4. Invest Small Amounts that Won’t Pinch 5. Research 6. Close the Open Position 7. Spend Time

Intraday Trading:

Intraday Trading Most of the traders, especially the beginners, lose money in intraday trading because of the high volatility of the markets. Generally, losses occur due to fear or greed because investment is not risky, the lack of knowledge is.

7 Basic Rules for Trading in Intraday:

7 Basic Rules for Trading in Intraday

1. Timing the Market:

1. Timing the Market Professional often recommend individual avoid trading during the first hour, once the markets open. Take the positions between noon and 1 pm can increase the possibility of earning profits.

2. Plan Investment Strategy and Stick with it:

2. Plan Investment Strategy and Stick with it Every time users initiate a trade, and it is important for them to have the clear plan of how to do intraday trading. The entry and exit prices before initiating the trade are crucial. The most important intraday trading tips use the stop loss trigger to reduce the potential loss of the position.

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Moreover, once the stock achieves the target price, users are suggested to close the position and not be greedy and expect the higher profits.

3. Exiting the Position:

3. Exiting the Position For trades that provide profits and price-give reversal, it is prudent to book the profits and exit the open position. Also, if the conditions are not favorable to the position, it is advisable to immediately exit and not await the stop-loss trigger to be activated. It helps traders to reduce their losses.

4. Invest Small Amounts that Won’t Pinch:

4. Invest Small Amounts that Won’t Pinch It is not new for beginners to get carried away once they make some profits during the day trading . However, markets are volatile and predicting the trends is not easy even for the seasoned professionals. In that situation, beginners can easily lose all the investments.

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That is why an important intraday tip is to invest the smaller sums that a user can afford to lose. This ensures individuals do not face financial difficulties in case the markets do not favor them.

5. Research:

5. Research Before beginning in intraday trading, it is suggested to understand the basics of the stock market and the fundamental and technical analyses . There is lots of research available on the Internet and taking the time to read it. Moreover, there are hundreds of stocks that are traded on the equity markets and traders trade only two or three liquid stocks.

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Liquid stocks are those shares that have high volumes in the intraday market. It allows traders to exit open positions before the end of the trading sessions.

6. Close the open Position:

6. Close the open Position Some traders may get tempted to take delivery of their positions in case their targets are not achieved. It is one of the biggest errors, and it is crucial to close all the open positions even if traders have to book a loss.

7. Spend Time:

7. Spend Time Day trading is not for professionals who are employed in the full-time job. Traders must be able to monitor the market movements throughout the market session to enable to make the right calls as required.

Thank You:

Thank You

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