Four Best Strategies for Intraday Trading

Intraday trading is known as day trading because buying and selling of stocks or shares on the same day. Therefore, at the end of the day, there are no open positions and traders have to start with a new the next day. Trading can be very risky if you don’t know how to do effective and profitable trading. Today, traders take help of day trading tips from experts as well as also read nifty future tips online. But, there few major strategies that trader can implement in doing day trading for making money. The best 4 are given below:-
Event Trading: Also known as the trading of share in the equity market or the stock market is by reading news like articles, blogs and even newspapers. In event trading, the traders collect information on the latest developments in the economic front through news and keep a track record of them. This data is very important for them as their trading decision on buying or selling of shares will completely depend on this information. Some of the news can affect the prices of a stock (the price may either go up or down) directly, and the event traders take full benefits by investing in these stocks big amounts of money, and make a huge profit.
Trend Trading: It is a very easy to use or implement a trading strategy but somewhere it could be risky. In this trading, traders, try to gain profits by through the analysis of stocks momentum or movement in a particular direction. The trader will buy those stocks which have generally an upward movement in their prices and sell those whose prices are going down.
Short selling: It means when any trader selling shares that he does not already own and in order to do this, the trader will require setting up an account with a broker. After that the broker will lend the stocks to trader from his own inventory or from any brokerage firm. If the broker sells the shares, then the money will be transferred to his account. After that, the trader will buy back the same number of shares at a lower price he borrowed from the trader and give them back to the broker. This strategy is really highly risky as the prices of shares can never be predicted with accuracy
Range Trading:  Also known as “channel trading” and this strategy needs some research with calculation on a specific stock. By applying Range Trading strategy, the trader will be understood the price movements of a share and its past performance, after that the trader would fix a range of upper or lower limit, this is the range and based on this range he will trade with the share. Suppose the prices of the stock go down, then the trader will buy the share at the lower limit of his range and will sell the share at the higher or upper limit of his range, when the price goes up.
Therefore, if you do intraday trading, then you must apply these strategies because can help you in making good profit.