Benefits of Intraday Trading
We have explained the benefits of day trading and its major aspects in this post. If you are a beginner, the information will serve as a good guide for you. Is day trading beneficial? How to do intraday trading efficiently to earn well? Read on further to find a solution to the most common queries related to the single day trading option.What Makes Intraday Trading Attractive
Definite advantages of this segment in Indian stock market are the main reason for its immense popularity. Compared to the delivery segment, the brokerage charges are very less under intraday segment. Traders also have freedom of trading with high margin i.e. almost 5 or even 10 times margin.
Intraday Trading Tips for Beginners
If you are a beginner in the stock market, opting to trade in this segment is always recommended for you. Well, at the same time we suggest not to take it as an easy nut to crack. Be cautious about the decisions you make while investing. Our blog is posting on the best ways of investing in day trading from time to time. You need to be disciplined in certain perspectives and should stay away from the greed of striking huge profit at once. Keep doing good research of the firm before you invest in the stock.Best Day Trading Strategies
Your stand while investing in this segment should depend upon how much loss you can bear. Either you focus on exiting the position immediately after accessing minimum profit level. Invest in diverse companies and keep on exiting positions sooner.Another way is relying on the trends depending upon your experience and judgement. You may make fewer transactions and wait longer in anticipation of higher profits. Do feel free to share your share your view on intraday trading strategies.
What is the Best Way to Do Intraday Trading
The best way to do intraday trading is following certain golden rules. Doing good research on the stock you are choosing is very important. Invest only after considering your risk taking capability. Choosing the highly liquid stocks and avoiding excess greed is the right way to trade. To earn decent profits in this segment, just stay alerted, keep on doing research, and avoid risking more than 2% of the total trading. Keep your portfolio as diverse as possible instead of focussing on 1 or 2 stocks. This will save you from heavy losses if the price of one stock is drastically increased/decreased.Intraday Trading Software & Charts
Daily charts play a very significant role in intraday trading. Traders use the daily charts for short-term, medium-term and long-term analysis. The daily charts show price fluctuations of the stocks on a one-day duration basis. The charts give you a scenario of the stock’s performance and its movements. The hourly charts are widely used by the traders.We are sure you find this brief overview of Day trading. Keep following our blog for more updates and information on intraday trading.
Intraday Trading Techniques and Strategies to earn Good Profit in Stock Market
Now, it’s very easy to maximize the daily profit using Intraday Trading Techniques / Strategies in NSE India.
Stock market fluctuations every time gives trader surprises and
therefore trader should be ready to accept and challenge the unexpected.
With the proper Intraday Trading Tricks and knowledge
trader can have road to intraday trading success in the long run. Like
the name suggests, intraday trading is a type of trading when the shares
are bought and sold on the same day. The risk associated with Intraday
trading is very high then other trading. But, if trader plays safely
with right trading rules, he/ she can have success in Intraday.
Here are some simple, easy intraday techniques that can help traders to win the stock market and plan their profitable trade.
Let’s have your eyeballs on some of the Simple Intraday Trading Techniques by the experts
of Nifty Trading Academy. NTA- pioneer Institute in providing live
market practical training to budding intraday traders. In this regard, fresher should learn from the experts then put their shoe into Trading.
BASIC CANDLESTICK KNOW HOW :
Green Candle and Red candle.There are four price in candle.
1.Open
2.High
3.Low
4.Close.
If Open to close is high it is a green candle.
If open to close Below it is a Red candle.
Learn Intraday Trading Formula Of Break Out :
- If Close is Above the previous Candle High.
- It call as a Closing Basis Break Out.
- This Break Out is Useful for BUY.
- If Close is Below the previous candle Low
- It call as a Closing Basis Break Out.
- This Break Out is Useful for Sell Short.
Intraday Trading Techniques Rules :
- – Useful for Nifty & Bank nifty ( Indian Stock Market )
- – Accuracy more than 75 % to 80 % in Intraday (Day Trading)
- – Input 5 min chart (Need min to min chart)
- – Focus on day first candle High and Low (DFC)
- – Chance to earn every month minimum 20,000 Rs. (Fix Income In Intraday Trading)
Intraday Trading Break Out Strategy :
Sell Trade Success Techniques
- When the day first candle (DFC) gives closing below the low, trader should punch the sell trade. Trader should focus on the close & close below low. Trader can get closing on any no of candle i.e 3, 4 or 5 candle. The next candle to closing candle will be qualified candle to go for sell side.
- Day first candle high and low difference will be first target for the trader to book profit.
- DFC high be where you should put stop loss
- you need to look for second target at 3:25 pm
Buy Trade Success Intraday Techniques
- When the day first candle (DFC) gives closing above the high, trader should punch the buy trade. Trader should focus on the close & close above High. Trader can get closing on any no of candle i.e 3, 4 or 5 candles. The next candle to closing candle will be qualified candle to go for buy side.
- Day first candle high and low difference will be first target for the trader to book profit.
- DFC low be where you should put stop loss
- You need to look for second target at 3:25 pm
Gap Up or Down Open – Good News Or Bad News ?
1. Previous Day High Above Open = Out Side Gap Up
2. Previous Day Low Below Open = Out Side Gap Down
INTRADAY BREAKOUT STRATEGY WITH OUT GAP-UP OPEN:
INTERPRETATION:
If the market open at price higher then
previous day high its said to be Out Side Gap Up Open.If the DFC candle
(9:15 Am) with gap up open price gives closing above high, go for buy
trade. Here the close above high is on 4 candle. 5 candle is qualified
candle to punch buy trade.
BREAKOUT STRATEGY WITH OUT GAP – DOWN OPEN:
INTERPRETATION:
If the DFC candle
(9:15 AM) opens below previous day low, it is said to be Candle with Gap
down open price. If The Candle with Gap down price gives closing below
the low, go for sell trade. Here the close below low is on 2 candle. 3
candle is qualified candle to punch sell trade.
More Latest Chart Banknifty :
Lastly, We at Nifty Trading Academy don’t use simple intraday techniques because they are good. We use them because they work.
Our trading methods are based on simple
rules which anyone can easily adopt. They help us to act in time with
perfect information and give best results. Our trading methods are
tested and confirm that are accurate and profitable.
Intraday Trading Tips for Beginners
Best Intraday Trading Tips for Beginners India
If you ask Nifty Trading Academy experts about Intraday trading tips for beginners our Experts will give you best ten simple intraday tips which are very important. Here are easy to understand, accept and implement tips for the beginner trader who wants to trade successfully and profitably.1) Know about Intraday trading tips and have mastery on it
There are many people who actually don’t have good Intraday trading strategy and still take risk in the market. If one doesn’t have strategy that gives random chance in the market it means that one is gambling and can go to the casino. It always takes time, effort, discipline to work on the trade.Also if you think you have mastered on effective trading strategy like Price action then you need to stick to it.
2) Be truthful and sincere with yourself
Many traders have wrong trading mindset because they are not ready to lose money and are constantly worried about it. They keep on searching for Intraday trading tips for beginners on google. It’s part of trading life that trader lose and win and once you are clear about it you end up earning more. So be clear with your afford state and right frame of mind.3) Trust Yourself more and ignore tips
Once you have right knowledge and strategy then the right step for you is to ignore the stock pundits on news channels tips provider. Try to put fullstop on your search on Intraday trading tips for beginners and Trust yourself; build your own trading skill and guts about the market.
4) Always take new trade as fresh one
Most of the traders are influenced by their recent trade. E.g. if your trade hit the stop loss then you might breakup and separate yourself from winning. But if you are a professional trader then you will not be affected by such a situation.5) Always control losses but never avoid them
Most of the traders ask this “why a perfectly good trade setup failed?” The reason is one cannot avoid losses in trading. So try to learn the risk reward and money management.6) Always save your capital for easy trades
Many of the times traders waste their hard earned money on the trades which is totally opposite of their criteria and of poor setups. Always observe the market and spend of good trade setups.
7) Always plan your trades
Many traders jump into the market with no plan. They don’t possess any risk management strategy. Traders often end up with gamble or with no entry strategy.8) Have realistic approach for trading
No one can become trader in six months, year, may be not even five years. Trader need to have realistic approach if want to succeed at trading. No one can get quick rich formula of trading. So, always have right trading mindset, focused and learning to trade properly.
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