InvestorQ : What are some popular intraday trading techniques that traders can follow?
Tisha Malhotra made post

What are some popular intraday trading techniques that traders can follow?

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Anamika Sodhani answered.
3 years ago
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When it comes to analyzing stocks, charts play an essential role. Depending on the duration, traders can use 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, or 4-hour charts. For intraday traders, 5-minute and 15-minute charts are recommended. Candlestick charts should be used to get a better indication of open, close, high, and low of the stocks. The inter-relationship of open, high, low and close also makes a big difference. Focus on company-issued press releases as stock prices tend to react to news announcements.
Some popular trading strategies for intraday traders include scalping, fading, profit savers etc. Scalping entails selling almost immediately after a trade becomes profitable. When we talk about profitable we are referring to the break-even point after considering the cost of the transaction both ways. Fading involves shorting stocks after a rapid upwards move. This is a quick in and out strategy when you want to go against the momentum to play loss of appetite at higher levels. Lastly, you can also use stop loss & save profit strategies to consolidate your gains in the short term.
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