One of the most important Free Intraday Tips is to have a stop-loss in place. This is a way to minimize your losses in case the trade goes against you. Using a stop-loss in the early stages of a trade can help you manage your risks and protect your capital.
Using technical analysis is essential when trading intraday. It helps you identify what factors will make the trend stronger or weaker. For example, mergers and acquisitions can have an impact on the trend, as can stock splits, dividend payments, and bonus issues. Using momentum trading to analyze market trends can increase your chances of making profitable trades.
Once you understand what drives price movement in a given day, you can trade accordingly. You should start with two or three stocks and watch their movement for a few days. This will allow you to build your understanding of each stock and give you confidence to trade. Once you have mastered a few stocks, add them to your watchlist.
Another key to successful trading is staying abreast of news and market events. Often, good news for a company results in a surge in stock prices. You can also use daily charts to gauge a stock’s performance over a given time period.