Intraday trading is an excellent way to earn profits from the stock market. In this type of trading, you enter the price action early, so you can profit from the highest possible stock movement. You must be disciplined enough to stick to a proven strategy, and you need to spend sufficient time on research.
Intraday trading requires learning how to identify demand-supply imbalances. Traders can use trendlines to their advantage in intraday trading. When the price moves towards a trendline, you can buy or sell the stock. In order to draw an upward trendline, connect two price lows and extend the line out to the right.
Another tip for trading intraday is to look for research reports and historical data. For example, if you’re looking for stocks to buy, try buying stocks in the electric car sector. The first ones to purchase are the ones involving batteries. The second tip is to look for a company that makes electric cars.
It’s very important to know your stop-loss level. This will help you to maximize your profits and minimise your losses. It’s important to be aware of how volatile the market is, and to avoid getting greedy. It’s best to pick a target amount of shares for a given day and don’t put all your money in at once. In addition, it’s important to research the technical aspects of a stock before taking a position.