Intraday trading looks simple and easy to operate but earning money in this platform can be tricky. However, with knowledge of the stock and optimal strategy can lead a trader to earn easy profits. The traders always need good stock advice to make profit in intraday trading. There are some of the Do’s and Don’ts which need to be taken care to earn 5000 Per Day in Intraday trading.
Let’s Learn How to Make Profit in Intraday Trading:
#1 Implement Stop Loss Strategy
In Intraday trading it is important to put strategy in place. There are various strategies like Intraday time analysis which can help a trader to save its loss and earn high returns but most of the popular method is Stop loss strategy. This is one of the easy methods to achieve highest intraday profit in India. Here the trader put stop loss on its stock to save losses. Stop loss also helps in making an emotion free decision and it is very important for traders who trade in short selling.
#2 Choose few large cap stocks to maintain liquidity
In Intraday trading the trader should try to keep some of its stocks with high trading volumes. It helps the trader to manage risk and a cushion to earn more in day trading. The large cap stocks help traders in selecting sufficient buyers at any point of time in the market which helps in maintaining liquidity in hand.
#3 Plan Entry and Exit Strategy
It is one of the important tips in intraday trading is knowing when to enter and when to exit from the market. The trader should avoid making impulsive decision in the market. The exit strategy should be planned beforehand to achieve success in the market. It is really common to change decision immediately after the purchase order and this can lead to lose an optimal opportunity for earning profits. Hence a trader should always think distinctly about the target price, buying price and exit strategy to earn Rs 5,000 per day in share market.
#4 Research properly before investing
The key rule in any investment is to research properly before investing. It is one of the major Do’s in intraday trading to analyze and control over trading of stocks. The research helps in assisting the risk and it also helps the investor in diversifying the stocks. The best way is to research is to analyze price movements with the help of Intraday time analysis charts like Hourly Charts.
The basic Don’ts in intraday trading for protecting losses are discussed below:
#1 Don’t get emotive
In Intraday trading it is often seen that the emotions play a huge role as traders tend to invest more or buy more when a particular stock when the price rises Hence, it can lead to heavy losses. The traders have to take decision practically without being emotionally attached to the stock. It is really important to focus on facts and make informed decision to earn 5000 Per Day in Intraday profit.
#2 Don’t trade in first and last hour
The best exercise in intraday trading to earn Rs 5,000 a in a day is by avoiding early hours and last hours of trading in a day because the major changes in the market happen in this time which can lead to high losses for the trader.
#3 Do not trade against the market
The trader should think twice before moving against the market as in the hope that the market will change end of the day can be over ambitious. The trader should be diligent and careful while going against the market.
#4 Don’t be scared
In intraday trading it is really important to be confident as a fearful mind ought to make mistakes hence the investor should not be scared in taking risk.
Let’s Sum up
In the end, it is important to understand that market player’s perception and goals plays a huge role to earn in intraday trading and there is no mantra, tip or rule to determine the market. However, the trader with the help of stock market education and the above techniques can lead to achieve success with experience and time. Last but not the least trader should always be cautious while trading in stock market.
If you are search for how much one can earn in day trading in India or Earn 5000 Per Day in Intraday Trading then your search ends now!