- CHOOSE LIQUID STOCKS
What would happen if you wish to sell your stocks but there are no buyers in the market?
As you know by now, intraday trading involves buying and selling a set of shares on the same day before market closing, i.e., squaring off open positions. However, for the stock-exchange to execute these orders, there must be enough liquidity in the market.
Thus the first tip of the free intraday tips for today is to avoid small-cap and mid-cap stocks that may not be liquid enough. Otherwise, there is a high probability that your squaring off order may not get executed, forcing you to take delivery in-stead. Liquidity is the most important criteria you must check before selecting a particular stock to trade in.
Stocks with high liquidity trade at huge volumes which allows intraday traders to buy or sell larger quantities at ease
Further, avoid investing all your trading money in a single stock. Experts recommend diversifying your intraday positions across a handful of stocks. Diversification will help you balance your intraday trade strategy and minimize your risk.
if you want to make quick money this is the golden secret and we posted some proofs for you this is your link: tinyurl dot com/mv9dmf6j (Copy and Pest this in a new tab and remove dot with actual . )
- FREEZE THE ENTRY AND EXIT PRICE
Have you ever regretted a decision you made immediately after executing it?
Many stock investors and traders suffer from buyer’s fallacy. They fall prey to misleading notions. This is when the buyer immediately starts having second thoughts and starts doubting their play. The trader suddenly feels that the stock selection was not as good as s/he believed while entering the trade position.
To avoid making such trading mistakes, all you need to do is follow the second free intraday tip – To decide the entry and exit price before taking a position. This ensures that you have an objective view.
You must know how to strategically plan your entry and exit without letting your emotions rule your decisions.
- ALWAYS SET A STOP-LOSS LEVEL
Let’s understand this with an example.
Say you are an intraday trader. XYZ Ltd is trading at Rs. 550 per share and you expect the share price to rise further today. You decide to buy 100 shares of XYZ Ltd by investing Rs. 55,000.
But instead of going up, the price goes down to Rs. 500 per share. Within a matter of hours, you bear a loss of total Rs. 5,000 (Rs. 500 x 100 shares).
When you invest in a share, the share price can either go up or down. It is quite possible that the share you purchase and take a long position in falls on the day you trade instead of rising.
Therefore, it is important that you decide how much loss are you ready to bear if the trade goes against your position. This acts as a safety net and helps minimize your losses. Most experts would suggest this is the most important tip for intraday trading you’ll ever get. Hence the third free intraday tip is to research intraday calls, which are buy and sell recommendations, and set a stop-loss level.
A stop-loss will help you manage your risk and must be followed by all traders. As the name suggests, it helps you stop your losses.
Continuing with the same example, if you had set a stop-loss at Rs. 540, the losses would have been limited to Rs. 1,000 only (Rs. 10 x 100 shares).
if you want to make quick money this is the golden secret and we posted some proofs for you this is your link: tinyurl dot com/mv9dmf6j (Copy and Pest this in a new tab and remove dot with actual . )