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Why Do People Fail As Intraday Traders?

3 Reason to Avoid Day Trading Failures

“No lunch is free”, you must have heard the phrase. What does it mean? It means one must work hard to earn money.

The same is true with intraday trading as well. Many people start enthusiastically with anticipation of becoming rich overnight.

However, 90 percent of them exit within a few months after losing all the money they invested.

Why is there such an enormous percentage of failures?

It is because people don’t understand the rules of the game. Due to the haste of reaping huge profits overnight, they commit repeated mistakes.

Only those who spend adequate time in understanding the nitty-gritty of it succeed in the long-term.

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Traders make repeated mistakes

In the intraday trading, everyone makes mistakes, but the novice traders make blunders. They believe in the tips sent by so-called investment consultants.

These tips are based on market speculations only, and there is no rationale. Hence, the stock prices do not show price variation during the trading session.

Since the stock must square up at the end of the trading session, there is no option than booking loss.

When it happens repeatedly, traders lose confidence. They start playing safe. It reduces the profit margin and loses the whole purpose of intraday trading.

Experts say that people having deep pockets should only choose it.

There is no point in trying it if the sustainability is low.

People don’t prepare for it

Another important reason for the failure is that people jump into it without any preparation.

They don’t study the market behavior. They don’t know the high and low of a stock. They don’t read the company parameters.

Based on the advice or tip from some broker, they put the hard-earned money at stake.

If the fundamentals are not clear and there is no profound knowledge of the subject, it is obvious that the trade doesn’t earn profits.

People ignore the timings

In the intraday trading, one needs to be extremely cautious about the timings.

Entry and exit points shouldn’t be missed.

While buying a stock, decide at what price you will exit the holding; low and high both.

The moment the stock reaches the desired high price, book the profit.

If the price falls gradually, then square off the position at the stop loss price.

One who doesn’t follow it lands into trouble. Self-control is essential to minimize the loss.

If everyone follows discipline, then intraday trading will reap great fortune!

Download A1 Intraday Tips Mobile App

If you are thinking for free intraday tips A1 Intraday Tips is always there to help you to give you maximum profit by minimum risk by providing best intraday trading tips. For Free Trial you can register here to avail our Free Intraday Tips for 2 days. You can also download A1 Intraday Tips mobile app here. For more information call us at 07506090788 / 07600797534

Also Read:

How to Get Most Accurate Intraday Trading Tips?

Which is the best Android app for Intraday trading tips?

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Intraday Tips intraday trading Uncategorized

How to Get Success by Using Intraday Tips in Day Trading?

Best Intraday Tips for getting Success in Day Trading

Intraday trading is something that can make you rich speedily. At the same time, it is a speedy way of losing tons of money as well.

Experts say that use of accurate intraday tips and the right strategy can lead you to the path of success.

Finding the right stocks and entering and exiting at the right moment; the two success mantras!

The risk in intraday trading is high, so as the earning potential. The blog explains a few simple yet effective tricks to reap the real benefit of it.

  • The rules of normal share-trading don’t apply here. When you trade in stocks by taking delivery of the shares, you have time to hold the profit or loss as per your wish. In case of intraday, you must square off the position before the trading session ends. Hence, two factors are important; timing and accuracy.
  • While delivery method relies on fundamentals such that market correction, trading sentiments, economic and regulatory aspects; intraday trading is purely driven by speculations. Therefore, you must follow a trading expert who has an excellent track record of making profit.
  • Investment in the intraday trading should be limited to the money one can afford to lose. There is no limit to the greed. Therefore, you must decide the limit beforehand.
  • Stop loss is the most important thing when you trade intra-day. You must exit from a holding immediately when it touches the stop-loss price. Never stay beyond it.
  • You should always make the profit target just like you make stop-loss target. Sell the stock and exit as soon as it reaches your profit target. Never stay beyond that in anticipation of earning more. Always remember, fear and greed both are the hurdles in intraday trading.
  • Don’t get influenced by market rumors about a stock. You may get contradictory tips that will prevent you from taking the right decision. Follow one tip and square off the position by booking profit or loss before the trading session closes.
  • When you do intraday trading, there is no room for committing mistakes. Therefore, one should start with small trades where the profit as well as loss is minimal. Once the knack is mastered, the next level should be tried.
  • Build your own strategy. Don’t follow others blindly. Every person has a different rationale. Try to find out yours.

These tips are indeed helpful in mastering the skill of intraday trading and reaping big profits.

If you are thinking for free intraday tips A1 Intraday Tips is always there to help you to give you maximum profit by minimum risk by providing best intraday trading tips. For Free Trial you can register here to avail our Free Intraday Tips for 2 days. You can also download A1 Intraday Tips mobile app here. For more information call us at 07506090788 / 07600797534.

Also Read:

Why Intraday Trading is so Difficult for New Traders?

Which is the best indicator for intraday trading?