Friends, you must have heard about the stock market and the buying and selling of the shares in it, or maybe you have also traded the shares yourself. Usually, investors in the stock market invest for a long period. But there are many people who buy shares for a very short time and sell them as soon as the price increases.
For example: In the morning you bought TCS stock at a rate of Rs 100 per share and before the market closed you saw that TCS stock has now become Rs 105, and you sold it for Rs 105.
This is called Day Trading or Intraday Trading. In Day Trading you can buy and sell the same stock multiple times throughout the day.
Buying shares at a lower price and selling at a higher price can be a lucrative game – if played correctly. But this is not easy to do and carries many risks. But if you follow the tips given here, you can become a good player of this game. So let us know, having knowledge of best day trading tips can prove to be very beneficial for you.
Keep the following things in mind while doing day trading:
1. Knowledge is power
In addition to basic information, day traders need to keep an eye on the latest stock market news and events that affect the stock price – interest rate planning, economic outlook, and more. Make a list of stocks you want to trade , such as pc jewellers share price . Now you need to be updated about them, for which you can watch business news on TV and search about them on Google and read them by visiting reliable financial websites.
2. Time and Money
It is natural to have this question in your mind that how to start day trading, that is, how to start it, what is necessary for this?
To start day trading, it is most important that you set aside a fixed amount from your deposit. Day trading is not an easy task, so you may have to spend a lot of time on it, at least initially it will take more time. Therefore, it is very important that before you start day trading, set aside some money and some time of your day every day.
3. Start small
In the beginning, you need to make sure that you start day trading with little money. It is important, if you spend more money without proper experience, you can incur huge losses and in such a situation you are deprived of the benefits you can get from day trading. Also keep in mind that you should never invest money by borrowing or taking loans from anywhere in the stock market. It is advisable to do this kind of work by saving some money from your earnings.
4. Keep track of time
Investments by investors and traders beforehand start executing as soon as the market opens, contributing to price volatility. An experienced player can recognize the pattern and choose the appropriate shares and time to buy and sell to make a profit. But for newbies, it may be better to read the market for the first 15 to 20 minutes without taking any steps. Intervening hours are generally less volatile, and then the market may change rapidly before the market closes. But for those who start day trading, it would be good that they decide to share buy or sell while the market is stable.
Hopefully the day trading tips given for beginners in Hindi will be useful for you and by following these you will also become an expert player of day trading.