Best Intraday Trading Strategies
Every new trader needs some working strategies to increase their profits. If you try to search online there are a lot of strategies for intraday trading in the stock market. These are some most used intraday stock trading strategies around the world. Here are some of the best back-tested strategies which I use personally:
MOMENTUM TRADING STRATEGY:
Momentum means the movement in the price of a share it can be upward or downward. Try to find the stocks that move the most in the market.
When to use:
i) This strategy can be used at the start of the trad
ing session because the price volatility in the market is high at that time.
ii) When there is a sudden increase or decrease in the volume happens.
BREAKOUT TRADING STRATEGY:
In this strategy, the trader waits patiently for the share to move or falls below the specified price. If the breakout is upward then the trader will take an entry or buys the stock & if the breakout is downward then the trader will take a short sell position.
When to use:
i) If the price of the share moves beyond the specified level or price with a high volume.
AVERAGE MOVING PRICE STRATEGY:
Every share in the stock market has it’s average price. There are a lot of online chart websites that can show you the average price with just a single click. If the price goes below the average price with a high volume then the trader can short sell & if the price crosses the avg price with a high volume then you can take a buy call and make some smart profits.
When to use:
i) When the price falls below the average price with high volume because of news in the market, then you can short sell.
NOTE: ALWAYS TRADE WITH A STOP LOSS.
IN MY NEXT BLOG I WILL TELL YOU ABOUT SOME MOST COMMONLY USED INTRADAY TRADING INDICATORS, TILL THEN BE HAPPY AND KEEP BOOKING PROFITS.
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