How i get profit from intraday trading?

 Intraday trading strategy involves taking positions in securities (stocks, currencies, commodities, etc.) and closing them out within the same trading day. Here are some popular intraday trading strategies:

  1. Scalping: This strategy involves making multiple trades throughout the day, with each trade aiming to capture a small profit. Scalpers typically hold positions for only a few seconds or minutes.

  2. Momentum Trading: This strategy involves trading in the direction of the prevailing trend, based on technical indicators such as moving averages, relative strength index (RSI), or other momentum indicators.

  3. Range Trading: This strategy involves identifying stocks that are trading within a defined range (i.e., a support and resistance level) and buying at the bottom of the range and selling at the top of the range.

  4. News Trading: This strategy involves taking advantage of market volatility caused by significant news events such as earnings reports, economic data releases, or company announcements.

  5. Breakout Trading: This strategy involves identifying securities that have broken out of their range and entering a trade in the direction of the breakout.

No single intraday trading strategy works for all traders, as it depends on individual preferences and market conditions. It is important for traders to backtest their strategies and manage risk properly to achieve consistent profitability.

Comments