Are you an intraday trader? Looking to make it big in the share market? Worrying Is Day Trading Profitable? We are going to make it easy for you!
Like most of the traders in the share market, you must have had, for once in your life, traded intraday. For starters, intraday is the trade where you take a position in a stock and exit it out after booking a certain sum of profit, all in one day. It has its own set of advantages and disadvantages both. It particularly lures people who don’t have big amounts to invest in stocks and lure people who are looking forward to making good money. So, Is Day Trading Profitable? Can you make good money out of it? Let’s find out!
- A mixed Bag
- Are You Trading Individually?
- Professional Intra-day traders
Is Day Trading Worth it?
- If you are someone who is trading for the very first time, then day trading will be a definite loss for you. To make it good in the share market, you need to have more than basic knowledge of it.
- Always take help from an investment company. There are many professionals traders who will be more than happy to lend out their services to you. Using their help, you can then pick a good stock to put your money to. It will not be a foolproof method, but it will surely minimize your risk to a great extent.
- Stop losses are lifesavers. Never forget to use them. Even if you are taking a very small margin of profit or looking forward to making it big, always use the stop loss.
- If you want to day trade, then pick options instead of shares. They are easy to understand, have limited movement, and is generally a better choice for someone new to trading.
- Last but not the least, trust your instincts, and always have a wide portfolio of investment. It will help you to make better profits in the longer run.
1 Comments
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