Intraday trading is all about timing the market. Entry and exit should be proper and a strict SL( Stop loss ) is mandatory. One should not become greedy. This means you have to exit at target and stop loss. Risk management analysis should be done before entering in a trade. Churning should be strictly avoided and one should always enter in those stocks in which impact cost is less. Impact cost is related to market liquidity and I have heard many of traders got trapped at higher level and is not able to sell their stocks because no one is available as buyer and stock is on lower circuit on per day basis.
Leverage trading should be avoided or it should be done after analysing the risk reward ratio. Many of traders asks intraday trading is a gamble but one always has to remember this if you are playing as a gambler then only game will become a gamble. If you have realised the risk reward and also you know your limit of taking risk then it is a fair play.
Make your guns ready before entering into a war field.
“Happy trading”
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