What are your top 5 rules of Intraday trading?

 

 

 

 

 

 

 

 

 

Replies (2)
Trading at minimum margin and high quantity

My five intraday trading rules in India are as follows:
1. Trading proper setups: I only trade setups I can clearly distinguish, and never trade a stock or security at random. For instance, I would identify a range or a potential breakout analyzing charts.
2. Fixed entry and targets: The entry and exits for my trades are predetermined. So, so matter the momentum in the price, I exit my positions when they hit my target.
3. Never trade without a stop loss: Regardless of whether it is an intraday trade or a swing trade, one must never trade without a stop loss. Cutting short losses quickly is key to finding success as a trader.
4. Never chase lost opportunities: As a trader, one will find several good setups, so if you miss a good setup, forget it and find another one.
5. Deploy appropriate capital: After analyzing the setup, the risk and reward I deploy appropriate capital in the trade.

If you are looking for trading tips, you could consider opening a trading account with a broker like Kotak Securities as they provide regular trading strategies.

For more information visit:- 

https://www.kotaksecurities.com/ksweb/intraday-trading/intraday-trading-rules

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