Dos and don’ts of intraday trading for beginners

Most online share trading platforms have features that are designed to help with intraday trading for beginners. You will find charts, news, and market recommendations, as well as educational resources that teach you to reap benefits from intraday trading. If you are keen to master the stock markets right away, here are some dos and don’ts to get you started.

Intraday trading do-s

• Study the market well and follow the stocks you wish to trade in. Learn about the companies and how their shares have behaved in the past.
• Outline your intraday trading strategies. Write down your goals and follow your plan of action faithfully. To be a successful day trader, you will need to be disciplined and diligent.
• Clearly define entry and exit points. Beginners stand to benefit from placing profit targets and stop loss limits on every trade. This ensures that the trades are executed when the