What strategy should I maintain to gain profit in share market intraday trading?
There is no permanent and solid strategy in intraday, for that matter in stock market that yields continuous profits to the investors as the trading involves an ’N’ number of factors and challenges which are to be dealt with experience by continuously following the trend, global economic hiccups etc etc.
Moreover intraday trading is the act of buying and selling the stocks within the same day with an idea of making profits by leveraging huge capital to take advantage of small price movements in highly liquid stocks and often termed as a dangerous game.However a disciplined investor or trader should always invariably follow the following techniques or rules to keep himself in resistible market zone quite for a long time.
Squaring off the 50% of the positions when the scrip hits first target.
Try to invest only in fundamentally strong stocks.
Following strict stop loss in all the positions.
Avoid carrying positions for the next day.
Don't chase the stocks when you cant buy.
Frame your own risk range based on your investment and segments you generally trade.
Choose only highly traded volume stocks.
Keep an eye on all the news related to the stocks your are trading.
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