InvestorQ : Do I need to follow any rules for order placement in intraday trading?
Bhavik Nehru made post

Do I need to follow any rules for order placement in intraday trading?

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Abhi Yadav answered.
3 years ago
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Order placement is very important. Time your orders and measure your risk. Don’t jump in and buy or sell the stock. Check if you can get a better price in a market order or a limit order and then take a final call on order placement. In intraday trading, every rupee saved or every rupee realized matters a lot. After all, you only have around 6 hours to close out the position profitably. Profits and losses are part of the intraday trading game. When stop losses are triggered don’t spend time analyzing the stock. Just answer the call and close your position. Don’t think too much. Stick to your discipline. When the profit target is achieved don’t spend time worrying about whether the stock can give more profits. Discipline is the key. On a lighter note, if you sell and the stock goes up, don’t sit down and keep calculating your lost profits. Intraday trading does not work that way!
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