Details about intraday trading india
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Babar Zaidi It's a high-risk pursuit that can yield attractive returns. Find out how to acquire the skills required to master this tricky terrain. It's no secret that stocks can earn phenomenal returns in the long term. Some of the shares in Warren Buffett's portfolio were picked up almost years ago. But Jayesh Shah doesn't have so much patience. Shah dabbles in stocks and makes an average of 12, a month with his ultra shortterm trading strategy.
Viral Nagori, who teaches computer science at a government college in the Gujarat capital, has a relatively longer investment horizon. Welcome to the world of intra-day trading, where tens of thousands of small investors throng every day to make a fortune from the minute by minute change in stock prices. Small businessmen, retirees, salaried professionals, academicians, even students, are playing the intra-day market and making money from it.
They buy stocks in the morning and sell them before the closing bell, pocketing profits from the trade. Of course, they often end up making losses, but this does not stop them from starting afresh the next day. For the buyer, the biggest draw of intra-day trading is the instant gratification it offers.
You can literally see your money grow as the stock price goes up. It also gives the buyer the feeling that he is in control of his finances. Here, you can see your profits immediately," says Nagori.
Unfortunately, the lure of quick money has also sucked in people who should not be indulging in intra-day trading. Experts say that a day trader should be able to monitor the stock markets from opening bell at 9. During those six and a half hours, the markets and your stock holdings need your undivided attention. Gadia runs a website that offers tips on stocks for intra-day trading.
It's a world where many of the established canons of stock investing are turned on their heads. The website gives daily tips on stocks for day trading to its members. Here are 10 basic rules of intra-day trading that can help you make money. Follow these tenets to avoid losing your shirt in this highrisk arena. Invest what you can afford to lose Intra-day trading carries more risk than investing in stocks. Invest only the amount that you can afford to lose. An unexpected movement can wipe out your entire investment in a few minutes.
If it is a leveraged position, you could lose more than you invested. Choose highly liquid shares Day traders must square their positions at the end of the trading session. This is easy if you are trading in large-cap , index-based stocks, which are very liquid and get traded in large volumes every day. Don't dabble in mid-cap and small-cap shares, where the traded volumes are not very large.
9 Intraday Trading Tips for Beginners India - % Easy Advice
You could end up holding shares that have no buyers at the end of the day. Trade only in scrips at a time It's prudent to diversify your portfolio when you are investing in stocks, but when it comes to day trading, confine yourself to just stocks. You can have up to large-cap , indexbased stocks on your watch list, but don't trade in more than stocks at a time.
Stock movements need to be tracked closely by the day trader and you won't be able to monitor more than stocks at a time.
Research watch list thoroughly Read up on the stocks on your day trading watch list.
Do's & don'ts of intraday trading on Indian stock Market
You should know about all corporate actions stock splits, bonuses, dividends, result dates, mergers, etc as well as technical levels of the stock. There are websites, such as khelostocks. Fix entry price and target levels Before you buy, fix your entry price and target level. The psychology of the buyer changes after he has bought a stock, which could interfere with his judgement and nudge him into selling too quickly.
This might cost him the opportunity to fully gain from the upside. If you set yourself a price target and adhere to it, your psychological frame will not change. Use stop losses to contain impact A stop loss is a trigger for selling shares if the price moves beyond a specified limit. It helps the buyer limit his losses in case the share belies his expectations and moves down or up.
Suppose you buy 20 shares of Reliance at each and set a stop loss of A stop loss takes the emotions out of the decision to sell. Don't be an investor Day trading and investing are like chalk and cheese. Both involve buying shares but the factors considered are completely different. One takes into account technical data, while the other looks at its fundamentals. Don't mix the two.
Often, if an intra-day bet goes wrong, the buyer does not book his loss, but takes delivery of the shares and then waits for the price to recover.
This can be a mistake because the shares were bought with an ultra short-term horizon.
They may not be worth investing in. Book profits when targets are met Greed and fear are the two biggest hurdles for the day trader.
Algorithmic Trading Basics: Systems & Strategies | wixequj.web.fc2.com
Just as he should not flinch from booking losses when the trade goes wrong, he should book his profits when the shares reach his target. If he feels that there is more upside to the stock, he should reset the stop loss.
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