InvestorQ : Can you give me a basic idea of intraday trading?
Niti Shenoi made post

Can you give me a basic idea of intraday trading?

Mahima Roy answered.
3 years ago
Intraday trading is all about initiating and closing out the trade on the same day. Since the intraday trade is closed out on the same day, the net position is always zero and it does not result in delivery of shares into the demat account at the end of the day. Intraday trading can be a buy followed by a sell or it can also be a sell followed by a buy.
If an investor buys 500 shares of SBI in the morning and closes out the position the same day, then the profit or loss will be adjusted in the client’s trading account. Intraday trading enables clients to get a much higher leverage margin for trading. For example, your leverage can be 5-6 times your margin depending on your track record with the broker. Intraday trading can involve selling a buy transaction or buying back an sell transaction. Since Indian markets operate on rolling settlements, short selling (without delivery) is only permitted on an intraday basis. However, you can do intraday trading in Z Group stocks and T2T stocks.