Everything You Need to Know About Intraday Trading

Any day trader knows the importance of picking the right stock in order to be successful. In most cases, trades usually don’t gain or earn as much as they’d want because of not selecting the right stock. The use of intraday trading systems could help in picking the right stock but you need to be aware of the fundamentals before you begin trading.

What is Intraday Trading?

Intraday trading is unique and different from equity investments in the sense that you buy and sell the holdings on the same day during the allocated trading hours. As an intraday trader, your main objective is to make maximum profits by taking advantage of the stock market movements during the day. The level of profits will be determined by the fluctuations in stock prices the trader has in the portfolio. The process involves specifying what to be sold or bought by the trader.

In order to take part in intraday trading, you need to start by first registering an online account. Orders are initiated with the sole purpose of squaring or closing them before the stock market is closed at the end of the day. One of the biggest challenges when it comes to Intraday trading is selecting the right stock. You can only make a profit when you have the right stock at your disposal. There are hundreds of listed shares for trading at any given time but not all of them are going to be ideal for intraday trading.

Selecting The Right Stock

This can be a challenging experience for those who are just starting out with intraday trading. However, it should not be the reason for not exploring the different opportunities in the stock market. There is a criteria that you could use in finding the right stock.

Stock Volume: This should be one of the main considerations when looking for stocks for intraday trading. The volume is determined by the total number of stock shares being traded in the market at a particular time. A simple look at the screen may not be enough when looking for stocks that are on high demand at that particular time.

Resistant levels: This refers to the situation to the price level where an equity share is not able to rise to. This mainly occurs when there is an excess supply of equity level at a given market price level.

Stock list trading: There are some intraday traders who will only trade in specific equity shares. This happens when the trader arrives at the given shares after conducting thorough research on historical price movements.

Top gainers and losers: Such information is easily available and you will find it on the news or social media. With such a list, the traders can pick the stock that fits their requirements. Weekly movements can also be used to forecast how the stocks are going to perform on a daily basis. Check out https://mboxwave.com/ for information on intraday trading.


mBoxWave is an online resource for learning more about methods of intraday trading, such as the Wyckoff method. Check out their website today to start learning more trading tips and tricks.


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