In intraday trading, it’s important to keep up-to-date with the latest market events and news in order to make an informed decision. Good news about a company can boost its stock price, while bad news can send it down. In addition, technical analysis of the stock’s movement can help you determine its trend strength and potential. A daily chart can give you a better idea of a stock’s performance over a period of time.
The first rule of intraday trading is to establish a trading strategy. A solid strategy can help you minimize your losses and avoid making costly mistakes. You can choose to build a strategy yourself, or buy a pre-made one and use it as your guideline. Remember, the key is to stick to it! Most traders will make the mistake of switching strategies as soon as they realize that a particular strategy is not working.
Another important free intraday tip involves creating a watchlist. You should put at least two stocks on the watchlist and follow their movements every day. This way, you will have a better understanding of the market and be able to trade with confidence. Keeping a watchlist will give you the knowledge you need to make a profit.