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Home/ Questions/Q 372
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Priyanka
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PriyankaContributor
Asked: September 13, 20212021-09-13T05:37:25+05:30 2021-09-13T05:37:25+05:30In: Intraday Trading

What are the must follow rules while trading in intraday?

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Give some suggestions or rules for beginners to follow in intraday trading.

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    1. Rahul Krishnan
      2021-09-13T05:50:10+05:30Added an answer on September 13, 2021 at 5:50 am

      As per my suggestion, intraday trader must select the stocks a day before. Here are a few must follow rules for day trading.

      1. Select the stocks one day before (based on technical analysis/ news/ results/ announcements)
      2. Observe the opening and wait for 10 to 20 minutes to find the actual trend
      3. Take the position based on technical indicator/ support/ resistance/ CPR, etc.,
      4. Put a strict stop loss (make sure you lose what you can afford to lose in a day)
      5. Book profit at 1:1 or 1:2 ratio based on the price movement
      6. Never take more than 2 trades in a day

      These are my personal rules and this works wonderfully. If you want to stay in the market for a long period, you must have discipline and follow the rules.

      Following above rules will definitely gives consistent returns and increase the confidence.

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