How To Trade Smartly In An Intraday Market?Posted by DreamGains on September 27th, 2018 Intraday trading is one of the most common stock market trading techniques. In the intraday market, a share is bought and sold on the same day. Thus, it requires proper understanding of the nature of the shares to become successful in Intraday trading. For beginner traders, it is really tricky to trade in this market. Thus, it is very necessary to know a few tricks so that you can trade smartly. What are these tips that we are talking about? Well, have a look down below to know about them in detail. 1. Understand your risk appetite: Understanding your risk appetite and managing the risk factors is one of the foremost things that you need to do when you are trading in the intraday market. Every successful trader in this market believes that risk is the only thing that can be efficiently controlled. Thus, it is very important for you to understand what the risks are before entering a trade. The very first thing that you need to minimise the risk factors is to set a certain limit to your fund. It means that you need to set a proper limit on the money that you invest in the market. In that way, you will be able to keep the money you lose in control. Secondly, you need to understand the amount of money that you can lose on a trade. And you should always enter a trade keeping that in mind to keep the risks minimum. 2. Learn from your mistakes: Everybody makes mistakes and it is very common in the Intraday market. But every smart intraday trader learns from the mistakes they make. They analyse their fault and find the root cause of the fault in order to take the actions necessary to prevent these mistakes from happening in the future. 3. Have a proper trading plan: It is also a very crucial thing that you need to do if you want to become a smart trader. Having a proper plan is always essential when you are trading in the Intraday market. Plan when you need to enter a trade and when to exit ahead of time to execute your trade flawlessly. Well, that's all you need to know to become a smart intraday trader. Follow the tips mentioned above and always be careful to achieve success in the Intraday market. About the Author: DreamGains is one of the leading Stock and Commodity market advisors based in India. They provide clients with wide-ranging, secured and finest financial solutions to achieve sustained growth. Visit www.dreamgains.com for more information. Our Social Links https://www.linkedin.com/company/336881/ https://plus.google.com/+DreamGainsFinancials/posts Like it? Share it! More by this author |