How to Do Intraday Trading in Stocks?

By Pritam Nagrale on October 17, 5. However, we made things easier for you.

Secrets of successful Intraday Trading | Bramesh Technical Analysis

So read the entire article to get complete idea of making money through share market. There are two ways you can make money. One is Intraday Trading and other one is long term investment. In Intra Day trading you buy and sell stocks same day. However, in Long term trading you can buy a stock and hold it for months or year and sell it at the right time.

In this article we shall discuss only about Intraday trading with some of the best intraday trading tips that can help you to earn some decent income. The basic thing of Intraday trading is you buy a stock and sell it between 9 am to 3 pm same day. Suppose there is a stock for a company called Reliance Power worth Rs Then you have to buy the stock anytime between 9 am to 3 pm and also sell it within the same period of time. The trick here is you have to buy the stock at lowest price and sell it at highest price.

Take Example of Reliance Power.

Stocks Corner: A GUIDE to intra-day TRADING - Rediff Getahead

When the trading starts at 9 am and price of one stock is Rs 40 then between 9 am to 3. Now you have to buy the stock at lowest price say Rs However if you sell below the price you bought then you can make a loss. So the trick of the day trading is buying the stock at low price at the right time of the day and selling it with maximum percentage profit same day in few hours or even few minutes. There is a concept short selling in share market that allows you to sell the shares without owning it.

Usually there are two ways. If you have a bank account then you can ask your bank to also open a DEMAT account. So that you can also trade with that account and money will be added or subtracted into your account.

Or you could go for a broker like Share Khan or Angle Brokering or many others. Both ways you have to pay a brokerage fees.

However, people choose to go with a brokerage firm like Share Khan etc because brokerage fees is very less like only. However if you have DEMAT account with SBI, ICICI or HDFC bank then the brokerage charge is too much. If you are serious about making money from stock markets then you have to know everything about the markets. First thing is to start hanging out with friends who are traders. If you live in Mumbai then it would be easy for you.

Attend seminars, conferences etc, meet people who trade daily. Like traders who trade daily with Rs 10 Lacs or even Rs 1 Crore. Then in that case you could go to a website called MoneyControl. Check out prices for both NSE Nifty and BSE Sensex.

Then visit top companies sector wise like IT, Bank, Infra, Pharma, Energy, Auto, FMCG, PSU etc. Keep note of all the top companies and their prices for each in an Excel spread sheet. You can also find out more about a company like their board member, stock holders, management and related news.

Dig deep into every detail at this website. Know more about companies and history, how the stock price performed over the period of 6 months. They could be the best way starting to develop a trading psychology.

As you listen to daily news about stock prices of different companies you will start getting an idea. So these were few ways to develop a trading psychology as a beginner. It is very important to have a well-developed psychology before you really start trading. You can go online and there are various websites that teaches everything about day trading like analysing candle stick charts.

You also get to know various terminologies that are used in day trading like selling, shorting, stop loss, open, close, bull, bear, support, resistance, moving average, break out, entry, exit, different kinds of chart patterns, graphs, etc.

So study all of these things and then enter the market. You can find all the material on the internet. To put it simply day trading is all about analysing charts and technical details. If you want to make money with share markets then you got to learn everything about technical charts.

Stock Markets: 10 rules of intra-day trading - The Economic Times

Japanese Candlestick charts are the best. Day trading is all about making a judgement call, the right moment in the day when you buy the stock and sell the stock. The time gap between buying and selling a stock could be few hours or even minutes. Like you bought at 11 am and sold at Therefore keep reading charts on daily basis and do research like when it is the right time to enter and exit the market. Well in theory it looks simple, however to make profits on daily basis you need to analyse markets daily.

People make losses and they quit day trading. Day trading is not like gambling. Here you have to read the sentiment of the market. Is market bullish, going up or bearish, going down?

You need to make a decision. You can start with analysing CNX or even Bank Nifty on MoneyControl. You can only make the right decision when you have analysed the markets completely otherwise you may lose money. Making money from stock markets is not at all gambling. There is method to madness in stock markets.

Do not expect that in just one week you are going to make consistent profit. First you have to know how market behaves each day from 9 am to 3. Hence take your time, start with MoneyControl website and CNBC, study the stocks of different companies do some research, learn every chart pattern, doji , harami etc.

Or you can buy 80 to shares of worth Rs 40 to Rs 50 each. So how do you pick few stocks for day trading? So I suggest you to start with Bank Nifty because it fluctuates less hence more stable. You need to follow the markets on daily basis, analyse every chart patterns, learn about every news and then you start your day.

It is because you have to look out for the right time when a stock is moving up and at its peak. Before it starts sliding down, you sell the stock. Stock Markets could be risky and you must know how to reduce your risk. Although there is stop loss but you have to know more than that. Go by the book. It means for same amount buy different stocks of different companies rather buying just one.

You should go after stocks not commodities like gold, silver, oil etc. The reason is there is more trading opportunity with stocks rather commodities. Commodities are for lazy people because here you have to watch only one or two stocks.

It could be risky and trading opportunity is also very little. Finally, I would say if you are going nowhere with day trading then you can quit.

If you are not following the markets and analysing it then it is not for you. It is not a gamble. You need to find patterns and that is done only by following the markets and doing some research daily. So this was easy and concise step by step guide to make money from stock market.

Read full article and understand it. You can find more information through Google and YouTube. C R Ghosh says. November 3, at 1: This is possibly the best website on stock market for any investor. The presentation and the language are so lucid that even a beginner would feel confident to enter the market. I will sure look for more information on trading.

October 22, at 7: October 20, at It is the best website ever ………they provide u the best information regarding your goal. I want to give u a big thanks for informing me about indian stock market……. October 19, at 3: October 18, at 3: Your email address will not be published.

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