Nikit Shingari Talks About Intra Day Trading Rules

Intra Day Trading Rules

Here are some of the top trading rules that any successful day trader will swear by:

Plan your trading strategies:

There is a basic difference between day trading and investment trading. You have to first understand that difference and find out which format suits you the best.

Is day trading what you choose? Then you will have to come up with detailed plans for your trading strategies.

Work with the best stock suited for day trading: High liquidity: Of Controlled Volatility: Stocks of a Specific Sector: Stocks that correlate well with the rest of the market:

Follow the day’s trend: The intraday markets move up and down throughout the day. As a day trader, you should try to move with these waves.

In a bullish market, day traders look for stocks that could show a strong uptrend. These carry less risk and a higher potential for profit.

When conditions turn bearish, the focus turns to declining stocks. One thumb rule is to short-sell stocks which are plummeting faster than the market.

Book profits quickly:

Market trends can reverse at any time.

Once profits start to accumulate, it makes sense to exit the position quickly. Day traders must stay ready to act before a price reversal occurs.

Summing up Follow these intraday trading rules to safeguard your trades in the stock market. Exercise caution and discipline when navigating the world of stocks and share.

Do you have any questions?

NIKIT SHINGARI @nikitshingari shingarinikit1999@gmail.com