How To Make Winnings In Intraday Trading?

Intraday Trading, otherwise known as Day Trading, certainly pulls a large number of investments every day and rookie traders form a significant chunk of that total. In fact, Intraday Trading is among the go-to trading segment for many first-timer traders. 

Most of the time the newbie trader commits the mistake of thinking that intraday is an easy-breezy affair. However, that’s far from the truth. Trading irrespective of the time frame, be it long term or short term requires a fair share of understanding. 

Talking of short term investment, none can be shorter than Intraday Trading, where stocks are bought and sold on the same day itself. This virtue of intraday trading although makes it look attractive, but at the same time is the reason why uninformed traders lose money.

Traders, therefore turn to Intraday Trading online courses for educating themselves about the subject. The internet is full of basic stock market courses on Intraday Trading, however, finding advanced Intraday Trading courses can be challenging. 

However, such informed traders, investors can turn to Stock Pathshala, an e-learning platform dedicated to the task of imparting financial knowledge through courses. 

Contents – How To Make Winnings In Intraday Trading?

‘How To Make Winnings In Intraday Trading’ is one of the advanced intraday courses available on Stock Pathshala and scores big on the promise of providing a thorough understanding of Intraday trading.

The course is made up of 13 lessons dedicated to various topics pertaining to Intraday Trading.  Each lesson is provided with an accompanying quiz for learners to test their understanding.

Chapter 1 – Basic Buy and Sell System in Intraday Trades

This chapter talks about the basic mechanism and the rules for buying and selling of stocks. We put a list of all the financial instruments that can be traded on the stock market. 

Financial instruments where investors can carry out Intraday Trading include – Stocks, Commodities, Forex, Futures, Cryptocurrencies among others. 

Later in the chapter, we take a closer look at the factors such as price range, timing, supply-demand that need to be kept in mind while participating in Intraday Trading. 

Chapter 2 – How To Buy Or Sell Near Stop-Loss?

Before moving forward with trading in Stop-Loss Order, it is essential to know what it actually is. We have provided a couple of examples that help in understanding certain principles of stop orders.

Further, we take up the topic of Buy-Limit Order and Sell Stop Order and learn about the mechanisms in each type of trade. 

Later in the chapter, we talk about the benefits of stop-loss orders and what exactly are the perks that investors get to enjoy by participating in stop-loss orders. 

Chapter 3 – Trend Analysis For Placing Intraday Trades

Being aware of the trends, be it current, upcoming, or even from the past, holds an investor in good stead as to making a sound investment. Technical Analysis is all about being able to read, interpret, and make calculated assumptions from all those trending lines.

Here we discuss a few of the major trends that should never miss an investor’s sight. For example – Liquidity, Rate of Volatility, Equity Indices, Time utilization,  etc.

In addition to being able to read through all the trends, an investor shall be capable enough to make sense of charts. Charts are just the data in graphical form. These charts depict the price movement of the stocks.

A learner will get to know about the charts that will help to establish a better investment portfolio, such as a 15 minutes chart, 2-minute chart, 5 minutes chart, etc.

Chapter 4 – Steps To Make The Perfect Entry Into An Intraday Trade

Irrespective of all the knowledge, many people fail to make out of their investment owing to their lack of, or poor tactical approach. Newbie investors commit the fault of following someone else’s advice or try to imitate their approach.

But what works for someone, may not work for you. Here in this chapter, we share some tips that can help an investor in making the right decisions regarding their investment or at least make lesser mistakes.

These tips definitely will make an investor develop an insight as to what or what not will work for them, which ultimately makes them a more calculative investor.

Chapter 5 – Right Entry – Right SL – Right Exit

Here, we discuss all the factors add up to make the perfect entry into intraday trading as entry points hold huge significance in Intraday Trading.

Investors will get to learn the importance of studying and keeping track of stock, along with the fundamental factors such as liquidity, volatility, volume trades, movement, etc. We have tried to explain all the above factors through existent examples.

Later in the chapter, we discuss the best practices as to choosing the right Stop-Loss Order which can help lessen the damage or even retrieve losses on your trade.

In the end, traders, investors should know the right time for exiting. We talk about the importance of making the Right Exit at the end of the day and the factors that an intraday trader needs to be mindful of.

Chapter 6 – Support And Resistance Levels

Support and Resistance are two levels on any stock price chart. We look into these two terms and how they play a major part in Intraday Trading. 

These levels come in various forms and remain watchful of these. We discuss some of the most important and commonly appearing charts and teach a learner how to interpret them. 

Next, we discuss the phenomenon of resistance and how it impacts intraday trading and trader’s standing in the stock market. 

Further, we teach how to combine all the information about Support and Resistance Levels to draw a complete chart and the best practices that need to be kept in mind through the course of your trading journey.

Chapter 7 – Break Outs In Intraday

Breakouts are a lesser-known phenomenon in Intraday trading, even among the more experienced traders. Breakouts are an exciting occurrence as these point towards making huge profits on trades of lesser value.

These peculiar occurrences are just as precarious in nature and can change in the opposite direction in under a matter of seconds. So, what actually looked like a profit-making opportunity turns into a gateway to losses. 

Learners get to know how to make the right entry into the market taking assistance from the upcoming trends. This will, in turn, lessen the risks of major fluctuations and make the most out of the process.

Later in the chapter, along with discussing the various strategies that are most often used by the traders for Breakouts Intraday Trading, we share some tips for when things aren’t quite going your way. 

Chapter 8 – Multi-Top and Bottom-Break Outs with Morning Strategy

Here we give a detailed break down of the trading time in the Stock Market and how you can make the most out of it. What are the various elements that a trader must consider?

We take a look at some of the best trading strategies and learn how to implement those. Then we move on to learn more about all that constitutes “The Morning Strategy”. 

We examine how several traders operate in the morning hours, their action plans, and factors such as trends, volatility, a volume that impact the decision making. 

In the latter half of the chapter, we learn about some of the tools that come in handy for an investor in the early intraday trading days. Tools such as Fibonacci Point, Pivot Point, Patterns, etc, all find a place in this chapter.

Chapter 9 – How To Buy at Bottom with Low Stop-Loss?

We discussed the importance and advantages of Stop-Loss Orders earlier in the chapter. In addition to those, we talk about others of its benefits through multiple examples.

The learner gets to understand the effect of stop-loss at buy bottom trades, in addition to learning about what a stop-loss order means. Next, we discuss the other limit orders.

First on our list is Buy Stop order. We share the benefits of a buy stop order. Later we learn how to put a buy stop-loss order and tips to buy bottom stop-loss order. 

Chapter 10 – How To Sell at Top with Low Stop-Loss?

Previously we learned about How To Buy at Bottom with Low Stop-Loss, now we look at the exact opposite of the term, i.e. how to sell at the top with low Stop-Loss.

Basically, we learn how to sell stop-loss orders for a price higher than their price at the time of purchase. We start off with analyzing sell high with stop-loss. 

Later, we discuss the various types of sell stop in intraday trading. And, also we take up a couple of queries pertaining to the topic – What happens in case the share price doesn’t rise as expected.

We finish the chapter by providing the tips that an investor must remain mindful of while selling high at low stop-loss orders.

Chapter 11 – How To Trade with Gap Up or Gap Down

Stock Gap Up and Stock Gap Down have to be among the most lesser-known terms in the stock market. Consider yourself covered as we do the necessary for you. 

We define the terms of Gap Up and Gap Down through examples and what are its effects on intraday trading. We discuss the four types of Gap, which are Common Gaps, Breakaway Gaps, Continuation Gaps, Exhaustion Gaps.

Equally important is to know about The Gap-fill and what are its implications for an intraday trader. We finish off the chapter by offering tips for trading on a gap. 

Chapter 12 – How To Select a Winning Stock in Intraday Trading?

This should be among the very first questions on an intraday trader’s mind – What stocks do I invest in? We solve this query in this chapter.

We discuss the various factors that need to be considered while choosing a stock that will lead a trader to intraday trading glory. 

A learner will get acquainted with one of the most important aspects of intraday trading, i.e. how to set up and maintain watchlists, we discuss the most common mistakes newbie traders make and mention the best practices for keeping watchlists.

Moving on, we encounter the topic of open interest and volatility in the stock market. We learn the importance of remaining aware of the political trends and devise a strategy accordingly. 

Chapter 13 – Managing Risks in Day Trading 

Nothing new in the mention of Risk in Intraday trading. The learner will experience the various risks they may encounter through the course of their journey, and pave their path accordingly. 

We seek to introduce learners to the risks involved in day trading through multiple examples. We discuss the motive behind risk management and a few tips that come in handy in planning your strategy.

Further, we take up the topic of the Reward-Risk ratio that helps a trader plan the risk of various financial products. 

At the end of this chapter, we talk about the significance of risk management in intraday trading.

Conclusion

First-time traders opt for intraday trade as their first throw of dice in the stock market thinking it to be the easiest and comparatively less risky option than other segments. 

Thinking the process involves placing orders at the beginning of the day, and selling the order before the company squares off their orders before the close of the stock market. Easy investment, easy profit.

However, this is far from the truth, and assuming intraday trading to be the easiest of all the trading segments is a mistake many unknowingly make. Traders need to be educated about the entire process so as to be aware of the process, risks, etc.

Stock Pathshala, a dedicated stock market e-learning platform offers information about the stock market and financial topics in general in the form of courses. So, anyone who wants to enhance their financial education, knowledge can enroll in the courses.

Currently, Stock Pathshala app has an android version only and can be downloaded from Google Play Store.

Courses on Stock Pathshala in addition to the English language are available in Hindi as well. Plus, we’re already working on making courses in Tamil, Telugu, and Gujarati.

Learners are ensured that their learning isn’t hampered unnecessarily as Stock Pathshala offers courses in a variety of formats – audio podcasts, video courses, and textual courses. The variety of courses thus makes learning on the go possible.

However, video courses are available to only pro members of the platform. So, learners will have to subscribe to any of our pro plans to gain access to all the content on Stock Pathshala.

The 3 pro plans vary in terms of their validity period, Beginner pro plan has a validity period of 1 month, whereas Star pro plan allows user access to the platform for 3 months. By subscribing to our Legend pro plan, users get unlimited access on Stock Pathshala for a period of 1 year.

So, go ahead and start making winnings in your intraday trades by subscribing to the pro version of Stock Pathshala, now!