What I Learn from Intraday trading my worst nightmare.

Hello investors, how is your life running? I hope that it will be running smoothly. In the previous post we discuss, how much money did I start from my initial investment. In this post, I am going to discuss with you about Intra Day Trading. First, we understand intra day trading. And why is it done. As the name implies, its validity is only one day. Intraday trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. In intraday trading a trader earns profit by taking advantage of the upshot of that stock on the basis of the stock news. But there is a great risk associated with it. This thing came to understand after I did intraday trading. I did not know anything about it before. But from some online sources I came to know that there is such kind of trading can be performed.

As we all know, The intraday trading is trading based on a margin. Margin product is the appropriate solution for such customers which gives leverage upto 5 times the. allocated trading amount. That means, I could buy or sell shares worth more than five times the amount available to me. After researching intraday trading, I was quite excited to do this. Then I took my first intraday trade in which I had bought small quantity of shares, because I was afraid of loss. And my first trade neither gave me profits nor loss. In intraday trading, my first profit came to union bank, Whose 10 shares I bought at a price of 195 rupees and sold at a price of Rs 215. I had earned the profit of approximately 200 rupees, And this profit gave me a lot of excitement. Therefore, I do intraday trading in a very aggressively manner. It seemed as if I was engaged in trading addiction. Then slowly I started to suffer a lot. Day trading was not only eating the profit made of me, But also reducing my starting amount. To recover this which is occur by day trading I started more trade, but only loss happened. At some point I realize Day trading will ruin me. So I decided quite day trading addiction in some way. I do not say that day trading is wrong but to do this, you have enough knowledge to do it. And if you try to do it only on your guess, then believe me you will only suffer losses. The most important thing that keep in mind in day trading is that you must know your target and stop loss. If you do trading without target and stop loss, then believe me it will only hurt you.

Things to remember while do Intraday trading.

• Without target and stop loss never do intraday.

• You must know the point of your entry.

• The stock you have chosen to trade has sufficient volume, so that you can easily get your target.

• Do not let your emotions dominate your decision.

• You know very well about the Resistance and support level of the share in which you are going to trade.

• You also have to keep in mind the quantity of shares. The more or less the quantity will be affect your profit and loss as well.

So friends, as much as I knew, I shared with you people. Apart from this, you should have knowledge of what the technical chart is and how to read them. Because technical chart is very helpful in intraday trading.