InvestorQ : Why is an intraday trading guide so important? Can I do without it?
Bhavika Nehru made post

Why is an intraday trading guide so important? Can I do without it?

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Bhavika Nehru answered.
3 years ago
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When you trade intraday, you are trading on a very limited trading window of around 5 hours. Of course, you trade for more than 6 hours but the last half hour is not there for you since your broker will cut intraday positions anyway. First hour is too volatile and you want to observe. That leaves you with just 5 hours of proper trading time to open and close positions. Normally the first half hour and the last hour are too volatile and hence you cannot really trade this segment effectively. Since you need to protect your capital from erosion, there is only so much risk that you can taken in the form of a stop loss. The intraday trading guide provides you a framework of how to operate within these constraints and at the same time it is about being profitable in your trading. Managing the risk and the process is at the core of successful intraday trading. Such items are clearly documented in your trading guide, which is why is becomes so central to your trading activity.

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