Dos And Don’ts For Active Traders – Intraday Trading Tips

1. Dos AnD Don’ts For Dos AnD Don’ts For Active Traders Active Traders – – Intraday Trading Tips Intraday Trading Tips Active traders often believe that they are grouped into two categories: Day trading or intraday trading and the swing trading. Both the two types of trading gives you profit from short-term stock movements. However, it is believed that intraday trading strategy is the better one than the swing trading. Following are some of the pros of day trading versus swing trading.

2. Intraday trading involves making dozens of trades in a single day, based on technical analysis and sophisticated charting systems. The main goal of the day trader is to make a living from trading stocks. They believe in making small profits on numerous trades and thus minimizing losses on unprofitable trades. In this type of trading, traders typically do not keep any positions or own any securities overnight. If you want to succeed at day trading then you need to definitely practice following three things: •You must identify intra-day trading strategies that are tried, tested. •You need to be 100% disciplined in executing these strategies. •You must stick to a strict money management regime. As the topic says that you will be learning about best intraday trading strategy under this heading, so let us start with it. But before we start with the strategy, first let us know why novice traders must not do day trading. For those, who have just started trading in stocks, this article is helpful as it embraces certain best reasons for why intraday trading is not safe for them. As we know, intraday trading is buying and selling of stocks in one single day. Therefore, the intraday trading involves frequent market fluctuation, which is not that easy to understand by novice traders. Though if you are trading under the guidance of some knowledgeable person or technical analyst then you may get the profit. You must always learn from your mistakes and also keep in mind that you must never risk more than 2% of your trading capital on every trade. The study proves that no one will go bust in trading if they trade with proper risk management. This piece of writing embodies one of the best as well as simple strategies that can be implemented in intraday trading.