Intra Day Share Trading is becoming more and more popular with each passing day. Investors are earning huge amount of profits on daily basis by doing Intra day share trading. However there are certain rules and tips which should be followed before starting intra day stock trading in order to ensure that you do not incur any losses in share trading. We are giving here the top 10 tips for intra day share trading.
What is Intra Day Share Trading ?
Intra Day Share Trading is sale and purchase of any particular share on the same day for the purpose of making the profit from the price fluctuation in the share price during the day. For example you have purchased the Share of ABC Limited for Rs.25 at 11 AM and sold the same at 2.30 PM when the price of the share was Rs.30 making the intra day profit of Rs.5 per share.
Top 10 Tips for Intra Day Share Trading:
- Always do intra- day trading yourself in online mode from your own Demat and Trading Account.
- Always ensure that you are being charged either zero brokerage or very nominal brokerage on the intra -day purchase and sale of shares.
- Never trust the intra day share trading tips received through SMS and WhatsApp from the unknown sources.
- Before doing intra day share trading, either do your own research of the shares or consult some expert share market advisor regarding the shares you are buying or selling. Do not indulge in intra day share trading just on the basis of some rumours or messages from the unknown sources.
- While doing intra day share trading, do not act on the recommendations given by the so called investment experts on the TV.
- Never do intra day share trading with the borrowed money. Always use your own surplus money for intra day share trading.
- Enrty, Exit and Stop Loss price should be fixed and followed while doing the intra day trading.
- Do not be greedy. Whenever the price of the Share reaches the Exit Price level, book profit quickly and do not wait for more profit out of it. It may happen that after reaching a certain price level share price starts to decrease again and instead of profit you may have to incur a loss.
- Always trade with confidence after doing extensive research of the share in which you are trading.
- Be patient while waiting for the target to be achieved. Do not sell before achieving the desired target in panic. Share price keep moving both ways several times during the day.
FAQs on Intra Day Share Trading:
People often asked several questions from the Investment Experts and Consultants with regard to the Intra Day stock trading. Some of the commonly asked questions are listed below:
- How many times we can do intraday trading in a day?
Answer: There is no such limit. You can do trading many times during the trading hours.
- Can I hold intraday share for 2 days?
Answer: You can hold the intra day share for 2 days by converting the intra day position into delivery.
- Can I do intraday trading everyday?
Answer: You can do intra day trading everyday from Monday to Friday except on the Exchange holidays
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