Intraday trading, often referred to as day trading, is like navigating a race car through the financial markets. It requires precision, strategy, and quick decision-making. Whether you’re a seasoned trader or just starting, these unique intraday trading tips will help you stay ahead of the curve and increase your chances of success in this fast-paced game.
1. Define a Clear Strategy
Before you even open your trading platform, define a clear intraday trading strategy. Are you a trend follower, a breakout trader, or a contrarian? Having a well-thought-out plan will keep you focused and less prone to impulsive decisions.