InvestorQ : Can I make huge profits in intraday trading?
Bhavik Nehru made post

Can I make huge profits in intraday trading?

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Abhi Yadav answered.
3 years ago
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There could be odd days when you could make huge profits. But that is not going to happen every day. Point is not to get carried away by such ideas. You made a smart profit in a day that is great. Now focus on how you can put that money to use. Understand a basic principle that every intraday trader needs to follow. Your basic premise should be to protect your capital. Returns will automatically follow. It is not that complicated and it is not rocket science. Focus more on the trading discipline like shortlisting stocks, identifying signals, putting stop loss, putting target price etc. The idea in intraday trading is to churn your capital quickly and increase your return on margin money. That means you need quick trades, you need short trades and you need smart trades.
More than focusing on stock returns that can be huge; focus on earning smaller gains by adhering to intraday trading tips & strategies. That should be more satisfying. Intraday trading provides higher leverage, which effectively provides decent returns in one day. When you leverage 5 times your margin, then your profits can be five times the normal cash market trade with the same amount of margin investment. But then losses can also be multiplied like that. Being content is crucial to succeeding as a day trader.
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