InvestorQ : Are there any sure-shot mantras to succeed in intraday trading?
Niraja Mehta made post

Are there any sure-shot mantras to succeed in intraday trading?

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Nisha Chandani answered.
3 years ago
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If there were mantras then there would be a lot more people applying these mantras and making a killing as an intraday trader. It is not as simple as that. However, there are some ground rules that you can apply. Firstly, exiting the Position under Unfavourable Conditions is an important decision. If you find the wind blowing against your position, don’t wait for too long. Hope is a good breakfast but a bad supper. That applies to trade too. Secondly, invest Small Amounts that Won’t Pinch. You don’t put your bottom dollar in intraday trading. You also don’t put your retirement provident fund corpus in intraday trading. Put the money that you can afford to lose in a worst-case scenario.
Thirdly make it a point to research and Choose Liquid Stocks. They are more predictable and the risk of being stuck in positions is much lower. Measure liquidity as the ratio of daily average volumes to market and keep 10-15% as the benchmark.
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