4 treasured intraday trading tips
If you are one of those people who want to make money from money and rather quickly, then intrading trading strategies can help you achieve your dream. But automated trading isn't a piece of cake. Given how high the stakes are, you need to keep in mind some tips that can help you get success on the stock exchange. Volume of trading As an intraday trader, you buy and sell stocks on the same day, without taking deliveries. Hence, one of the most influential factors in determining your success as a trader are the trading volumes. Since people are trying to buy low and sell high, most of the traders are solely focused on stock prices. But trade volumes play just as important a role in increasing your profit. You can sell not very high, but if you sell enough, you'd be able to reap that profit. Oftentimes, it is easier to sell in large volume than at high stock price. Don't be impulsive This is why you should always set your entry and exit prices. People are often swi...