InvestorQ : How must I handle my open positions in intraday trading? Any specific suggestions that you can give me.
Nishant Chandani made post

How must I handle my open positions in intraday trading? Any specific suggestions that you can give me.

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Nisha Chandani answered.
3 years ago
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Ensure that all positions are closed out by you before the end of the day. Even if you have the ability to put full margin, don’t convert an intraday trade into a delivery trade. That is not what you set out to do in the first place so keep that discipline. Keep it separate. Be very careful of open short positions because if you don’t close them it could result in short delivery and lead to auction losses. Take the total responsibility to close out your position yourself and don’t rely on your broker to close the same. Keep a complete checklist of open positions and reconfirm it with your order book and trade book to ensure that there are no open positions. Above all, keep monitoring your open positions and set alerts for the same.
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