Earn daily from Stock Market: The Secret Mantra to Master Intraday Trading!

Without trading capital, a trader is like having a gun with no bullets

Intraday trading is experiencing a remarkable popularity surge, especially among the younger generation.

With the advancements in technology, accessibility to financial markets has become easier than ever, and this trend has resonated strongly with today's youth. Drawn by the potential for quick profits and the allure of being your own boss, many youngsters are venturing into the dynamic world of intraday trading.

The flexibility of trading from anywhere, coupled with unprecedented market volatility and frequent price fluctuations, has captivated their interest.

To become a successful trader, traders need to follow some important rules. In this article, we'll delve into some trading rules to empower you as an intraday trader and set you on the path to sustained success.

Intraday trading operates within the boundaries of a limitless market, where fortunes can be made and lost in an instant. Navigating this environment successfully requires a set of rules to mitigate the influence of greed and fear. 

Intraday Trading Rules

• Trade at Specific Times: Capitalize on market momentum by focusing your trading efforts during optimal hours, such as 9:30 AM to 11 AM and 1 PM to 2:30 PM.
• Trade as Per Your Setup: Never enter trades randomly; instead, trade based on a well-defined setup that includes specific entry and exit criteria.
• Never Keep Hope: Avoid clinging to hope; adhere to your setup's signals and exit positions according to them, even if your targets aren't met.
• Scale Up Gradually: Begin with small positions to build confidence and gradually increase your position size as you become more proficient.
• Trade Liquid and Volatile Shares: Focus on shares with sufficient liquidity to ensure smooth buying and selling transactions.
• Square Off Trades by 3:30 PM: Avoid carrying trades overnight by closing all positions before the market's closure to prevent potential losses unless and until you have a very well back-tested strategy.
• Stop loss for every trade: Implementing a stop loss will enable you to swiftly curtail losses when you're mistaken and safeguard your trading capital, which is as essential as bullets to a gun.
• Technical Indicators: Leverage technical indicators tailored to your trading setup to enhance accuracy and avoid erroneous trades.
• Small Time Frame Charts: opt for smaller time frame charts (1 to 15 minutes) that align with the intraday trading style.
• Multi-Time Frame Analysis: Analyse shares on multiple time frames for higher probability trades, enhancing your trading strategy.
• Avoid Trading in the First 15 Minutes: Let market emotions settle; avoid trading during the initial 15 minutes to make more informed decisions.
• Aim for a Higher RR Ratio: Prioritize trades that offer a favourable risk-reward ratio, aiming to earn more than you risk.

No secret, thumb rule, method, or formula can assist you in earning money from intraday trading in the stock market unless you maintain discipline and incorporate the rules into your daily habits.

Remember, it's always preferable to incur a limited loss by implementing a stop loss, rather than risking the entire capital all at once.