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How to learn Intraday Trading in 30 minutes?

Purchases and sales of stocks and other financial instruments during the same day are known as intraday trading or day trading. If all holdings are rounded off before the market closes, there is no difference in ownership of shares due to intraday trading.

People used to believe that day trading was the exclusive province of financial institutions and professional traders. This perception has changed lately. Electronic trading and leverage trading, however, have become more popular in recent years, changing this.

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Day trading is now very accessible to anybody with a computer and an internet connection. Here are the fundamentals of intraday trading if you're just getting started:

What is so good about Intraday Trading?

For three purposes, intraday trading is so enticing to investors.

• The stock market has the potential to provide investors considerably higher yields than the 6–6.5% they may receive from savings interest.
• Another benefit of intraday trading is that the stake is opened and closed on the same day, saving time. At the conclusion of the trading day, all of the trading money is returned to the account.
• Because no positions are rolled over to the following day, traders aren't concerned about big opening gaps either up or down.

The Drawbacks of Intraday Trading

Intraday trading is a loser's game for two primary reasons.

• The Indian stock marketplaces include over 1000 publicly listed companies. As a result, finding the few companies with exceptional returns becomes more challenging.
• It's difficult to get up-to-date stock information when you need it. Almost all of the time, individual investors receive the news too late, and the stock value movement is already finished.

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The Golden Rules For Intraday Trading 

To regularly profit from the marketplace as an intraday trader, you'll need to find profitable deals in a methodical manner. To help you discover the best stocks to trade, here are a few simple guidelines.

#Rule: 1 Choose Stocks With High Liquidity

Finding equities with a large number of buyers and sellers is the initial phase in choosing them for trading. High liquidity and modest bid-ask spreads characterize these contracts. These companies have tight trading margins, so you can maintain your expenses down while yet getting out fast if things don't go your way.

Both the Nifty 50 and Nifty Next 50 indexes include all 100 of the most actively traded companies on the National Stock Exchange (NSE). These are also the most liquid securities. These companies have the best liquidity and bid-ask spreads, which you can find by looking at them.

#Rule: 2 Find Stocks With High Volatility

The only securities you may trade are those with a daily unpredictability greater than the Average Daily Volatility of all the futures and options traded securities. The likelihood is high that these stocks will have strong motion, and you will have plenty of chances to trade them.

This article is to see the precise step-by-step process for discovering a collection of high volatile stocks to follow.

#Rule: 3 Apply Scanners

To further refine your monitor, run some stock screenings on the firms that have the best combination of liquidity and instability.

In addition, you should check out the trading scans area, where you may find a number of useful pre-made scans. Such scans are accessible for free and will provide you with useful information on the stocks you are following. They are a great resource.

Corporate activities are something else to keep an eye out for. Four days before and one day after the record date, equities that have disclosed corporate actions often enjoy good volatility and become excellent trading prospects.

#Rule: 4 Identify The Right Entry and Exit Points

When your stocks have been narrowed down, the following stage is to determine the best times to enter and leave the market. The criteria you may observe are as follows:

• Get in early on a stock if it's on the Top Gainers chart and it rises over the opening-hour high price; otherwise, hold on to your money. The risk will be limited if the price falls below the intraday low.
• Offload your stock if it slips off of the Top Losers list within the first 10 minutes of the market opening. This stop-loss price will be the previous day's intraday high.

A stock's day trading breakout indicates that there is a strong buying and selling force, and the price will either rise or fall. Be sure to get in early so you can take advantage of any change in price and benefit from it.

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Finding and Tracking Stocks Easy

Again when the stocks have been narrowed down, you can establish a custom monitor on platforms to keep tabs on their future price and quantity movements.

To locate the stocks, go to the Stocks area on the home page and then tap on the identity of the stock to view the values, graphs, delivery positions, corporate activities, and many other specifics in real-time. Immediately after clicking on the stock name.

A fully prepared database of stocks that have been sorted by the system according to price fluctuations, quantity, and delivery requirements may also be found in Scans.

Some Further Rules That Every Trader Needs to Keep in Mind

• Good financial management is something you should strive to achieve. To prevent suffering large losses, traders should always evaluate the trade's risk and return before entering the market.
• Don't let a lucrative transaction turn nasty due to a faulty assumption.
• Prevent Overtrading.

Investing is all about getting in on the activity as soon as possible, after all. Using this method, you will be able to benefit from stock market fluctuations to the fullest degree feasible.

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