Candlestick strategies, Excel Based Strategies, Psychology of trading
Intraday trading, also called day trading, is the buying and selling of stocks and other financial instruments within the same day. In other words, intraday trading means all positions are squared-off before the market closes and there is no change in ownership of shares as a result of the trades.
Intraday trading promises high returns and thus may sound very attractive. But it also carries a higher risk compared to the delivery segment. So, if you have a day job that requires your full attention for most of the trading hours, you may want to avoid intraday trading.
For one, you have to watch the market and time your trades to perfection. Secondly, you need a good understanding of and time to perform technical analysis on daily charts to make the right decisions.