Having unwavering financial stability and solid security is important. It allows you to lead the lifestyle you always desired and meet various goals. The ideal way to attain stability and become financially stronger is by making suitable investments. There are different investments you can make depending on your goals. If your goal is to earn inflation-beating returns, stock investments are ideal.
Check the share market today, choose stocks having promising growth potential, and invest in them. You need to make careful considerations before making any investment, primarily with stock investments as they involve some risk. There are numerous strategies you can adopt in the stock market and one of them is Intraday Trading. Let us learn more about Intraday Trading and the right time to trade in them.
What is Intraday Trading?
Under Day Trading, you buy and sell stocks on the same day. The primary aim is to conquer short-term market opportunities and make quick profits. This trading requires some level of market expertise and is considered risky. However, once you master the trading technique you can soar high in the markets. You should square off before the market closes.
If you fail to do so, your broker will square off the position on your behalf or convert the trade into delivery. Hence, stay alert and buy and sell the stocks at the right time.
What is the right time to do Intraday Trading?
Since Intraday Traders are so dynamic, most investors find themselves in a fix when it comes to deciding the right time to trade. If you observe the market, you notice that its positioning is volatile initially. This is because of the build of the trade orders placed during the market closes. For instance, if HDFC Bank share price was on top, investors may choose to place trade orders even after the market closes.
Since these orders are cleared first, you notice a spike in market volatility. Refrain from making a trade in the initial period of the market hours. Similarly, most investors are in a hurry towards the end of the market hours to square off their position. This translates to a spike in market volatility. Hence, avoid keeping your square-off requirement to the very end. The most suitable time frame to make an Intraday Trade is from 10:15 AM to 2:20 PM.
By 10:15 AM the market’s volatility subsides. Thereafter, the time till 2:30 PM is appropriate to square off your position. This ensures you get a good price for your stock investment and avoid unnecessary hassles. A significant advantage now is that you can make trades from anywhere, anytime. This ensures you do not miss out on any profit-making opportunities. Download your brokerage firm trading app to make seamless trades.
