What Rules are to be Followed in Order to do Intraday Trading?

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WHAT RULES ARE TO BE FOLLOWED IN ORDER TO DO
INTRADAY TRADING?
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• When the stock market fluctuates intraday trading
  could be a better proposition for increasing your
  profitability. However, it is a tricky thing also
  because there is not a sufficient time window to
  average out the loss. Hence, it is very much
  important that you follow the fundamental rules
  of intraday trading to become a successful
  intraday trader.
• Do you want to know the rules of intraday
  trading? This blog lists them for you.

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PICK THE RIGHT STOCK

• Every stock is not the best stock for intraday
  trading. A few properties that make it suitable
  are
• The stock is easy to buy and sell and can be
  converted into cash easily.
• It has controlled volatility, which means the
  rate of price change over time is low.
• The stock belongs to a sector that has been
  making profits.
• The stock follows trends in coordination with the
  stock market trend.

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FIX THE ENTRY AND EXIT PRICES

• When you choose a stock for intraday trading, it
  is essential to pick it when the price is low.
  When you buy, you should set the targets for
  selling as well. Also, there should be a target
  for stop loss. It means you will sell it at a
  loss if it goes below a pre-decided price to stop
  further loss.

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CHOOSE THE RIGHT STRATEGY

• The intraday trading strategy is different from
  long-term investment. Before you move further,
  stop, and think whether the format suits your
  temperament?
•  A day trader has to set targets for the day.
  Make a journal of all profits and losses. At the
  end of the day, you should calculate the net
  profit or loss.
• Tweak your strategy if required.

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TAKE CALCULATED RISKS

• It means you should play with the money that you
  can afford to lose. Remember, it is a high-risk,
  high-gain game. One trade could wash out the
  whole months profits.
• Trade with the money you are not afraid to lose.

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KEEP YOUR EMOTIONS ASIDE

• Remember, intraday trading is a mind game. The
  magnitude of profit or loss is high in a short
  span. Therefore, you should keep a balanced state
  of mind. Do not get overwhelmed by profits and do
  not get depressed by losses.
• Finally, do not trade in so many stocks. It will
  lose your focus on trading and you will end up
  losing money. Therefore, pick stocks with care. 
• These tips will help in earning sizeable money by
  intraday trading.
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  tips A1 Intraday Tips will help you to gain
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  at 07506090788 / 07600797534.

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CONTACT US

• Phone Number 7506090788
  7600797534
• E-Mail ID info_at_a1intradaytips.in
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