Is Day Trading Profitable?

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!

Is Day Trading Profitable

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
Day trading can be both profitable or loss inducing. It depends entirely on how well you are able to trade a stock at a given point in time. Most of the newbie in the share market prefer day trading as it gives them a window to trade shares with no so much investment. If not done in the right way, it can be a loss-making affair. However, if done correctly, you can make good amounts of profits from the same and that too quickly!
  • Are You Trading Individually?
This is the question that you need to ask yourself before making a position in the stock. Are you new to the share market? Are you doing it for the very first time? Are you unsure about Is Day Trading Profitable? If you just nodded in any one of these questions, then we’d strongly suggest you not trade on an intraday basis, especially if you are an individual, looking forward to making big profits. So, is there a way to do it? Yes, read on!
  • Professional Intra-day traders
It is always a good idea to take help from a professional day trader if you are looking forward to trading on a daily basis. This is going to help you in tow ways – First, you won’t be exposed to much of a risk since a professional day trader knows the best stocks to invest on an intraday basis. Plus, they also have an idea of how the market works. Secondly, it is going to increase your chances of making profits as compared to what you will otherwise do while trading individually.

Is Day Trading Worth it?

Is Day Trading Worth it

So, this brings us back to the main question of the article - Is Day Trading Profitable? As there is no sure shot answer to this, we will break it down to you in the following pointers.
  • 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.
Also Read: Is Forex Trading Profitable

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