Can We Earn Money From Intraday Trading
In My Previous Posts I Have Talked Many Times About Trading And Today We Are Going To Discuss About Intraday Trading. I Have Explained About Trading Before That When We Buy Shares By Seeing Price Momentum And Trends And Sell It In Short Period Without Holding It For Long Period. But That Short Period May Differ For All People For Some People It May Be 10 Minutes, For Some It May be 1 Hour, For Some It Would Be 1 Day And For Some It Could Be 10 Days Or Some Months. But When We Buy Shares Or Equities And Sell It On The Same Day Before End Of Trading Time It is Known As Intraday Trading. When We Do Intraday Trading We Should Have Proper Strategies For Buying And Selling As You Have To Finish The Trade Within That Day Only. There Are Proper Indicators Like MACD ( Moving Average Convergence Divergence), RSI ( Relative Strength Index ) , Bollinger Bands And Many More Which Are Easy To Understand Unlike Their Names And About Which I Would Talk In My Further Posts. The Second And Easy Strategy For Trading You Can Use Is Price Action. In Price Action Trading Strategy You Have To Focus On The Price Movement Of Shares And The Momentum Of The Market And Your Trading Decisions Should Be Decided By You By Looking And The Current Trend Of Market And Price Of That Share. For Beginners Intraday Trading Cannot Double Your Money In One Day Or You Might Loose At Starting But Keep Increasing Your Knowledge And Keep Practicing Regularly And You Can Master Intraday Trading By Your Knowledge And Experience. If We Talk About Who Should Do Intraday Trading, So Intraday Trading Should Be Done By The People Who Can Sit Behind Screen Of Computer From Morning To 3.30 P.M Looking At The Market There Are Also Some Advanced Methods For Doing It But For Beginners This Is Essential And Must To Do. You Should Be Calm In Trading Also As You Can Loose Money Many Times So You Should Have The Capacity To Control Your Emotions In Intraday Trading As In Greed Many People Loose Their Most Of The Money. If We Discuss About Advantages And Disadvantages Of This Type Of Trading, Its Advantages Are That You Does Not Have To Wait For Than 1 Day To Make Profit And You Can Make Profits Regularly. Another Advantage Is That You Does Not Have To Do Detailed Fundamental Analysis As You Are Only Looking At The Price Of Share And Momentum Of Market. But It Has Many Disadvantages Than its Advantages As If You Are In Loss And Does Not Want To Sell Your Shares You Have To Sell It Otherwise Forcefully It Would Be Sell By Your Broker At End Of Trading Session. Controlling Emotions Is Also Big Challenge Here Because When Many people Loose Money They Become Stressed And When They Earn Money They Loose It Next Time Due To High Greed. So, If You Can Afford Its Disadvantages You Can Start Intraday Trading Otherwise Value Investing Is Best For All As You Can Gain Money In Long Term From It.
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