Five Simple Tips for Successful Intraday Trading
Here are few simple intraday stock tips that will help you to achieve more profits:-
1.Trade liquid stocks: - Liquidity of a stock is the most important rule when it comes to selecting stocks for day trading. A stock with a high average trading volume can be termed as a liquid stock. Liquid stocks are apt for day trading as they can be bought and sold in ample quantities without causing much impact on the prices. With liquid shares, a day trader will not face any trouble finding buyers or sellers.
2. Avoid unpredictable or chaotic stocks: - The stock with low trading volumes or stocks where some big news is soon expected have a tendency to trade in a very unpredictable manner. Generally, when a company announces some important news such as more profits, big orders, plant shutdowns etc. the stock are traded in a very chaotic manner. While day trading, it is better to avoid such chaotic stocks.
3.Move with the trend: - For a day trader it is always advisable to move with the market. If the market is in an upward trend, try to find stocks that are expected to rise as instead of looking for stocks that may fall.