How to pick stocks for Intraday Trading

How to pick stocks for Intraday Trading? – Simple Methods

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How to pick stocks for Intraday Trading?

This is one of the most popular questions asked by traders in the Indian Stock Market. In this post, you will found out the best methods that you can use right now to pick the best stocks for intraday trading.

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How to pick stocks for Intraday Trading

 

Intraday trading does not mean that you start preparation after the market opens the next day.

If you take intraday trading seriously which you must, you should start preparing a day earlier. You must know that each day is dependent on the previous days and it’s not an independent activity. You must have realised this when you are looking at the short term chart of a stock and you are unable to realise when the day ended. The price movement of today has a major impact on the price action of the next day unless there is a major news overnight.

 

Important Factors to consider before taking an intraday trade

Intraday Trading is tough

Intraday trading requires fast mental skills, trained reflexes, and subconscious level decision making. All these things make intraday trading a very tough activity. But there is a reason which overpowers all other reasons. And that is, that as we reduce the timeframe of analysis, the level of randomness increases.

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