InvestorQ : I bought for intraday, but I can afford to take delivery. Can I do it?
Abhi Yadav made post

I bought for intraday, but I can afford to take delivery. Can I do it?

Bhavik Nehru answered.
3 years ago
Intraday trading, as well as investing, requires individuals to purchase shares. However, factors for both these strategies are distinct. Delivery buying is a kind that adopts fundamentals while intraday trading considers more the technical details. It is common for day traders to take delivery of shares in case the target price is not met. But is that the right choice. Do that as an exception, not as a regular practice. Don’t become an investor by default, be an intraday trader by design.
There are rare occasions when he or she then wait for the price to recover to earn back his or her money. This is not recommended because the stock may not be worthy of investing, as it was purchased only for a shorter duration. For example, you buy Tata Steel at Rs.580 and it comes down by Rs.5. You think that let me keep delivery because Tata Steel is a great stock. You may be right but that is going against the basic discipline of intraday trading. If you want to take delivery, take delivery by all means but that is delivery trading. Keep that separate from intraday trading. It is losing discipline in intraday trading that is very dangerous. Avoid that under most circumstances.