Intraday trading involves quick decision-making and risk management. It is like buying and selling something quickly on the same day. It needs you to understand when the investors are making move.
What you will earn
1) Stock Filter: A stock filter is a set of criteria used to narrow down the universe of potential trading opportunities. It can be based on factors such as price, volume, market capitalization, industry, or technical indicators.
2) Stock Selection: This refers to the process of choosing specific stocks to trade based on the results of your stock filter and other factors. Consider factors like liquidity, volatility, and your personal risk tolerance.
3) Volume Filter: Volume is the number of shares traded in a given period. A volume filter helps identify stocks that are actively traded, which can be important for intraday trading as it can indicate liquidity and potential price movement.
4) R:R (Risk-Reward Ratio): This is a fundamental concept in trading that measures the potential reward of a trade relative to its risk. A high R:R ratio means that the potential profit is significantly greater than the potential loss.
5) Perfect Stock to Trade: There is no such thing as a "perfect" stock to trade. The ideal stock will depend on your individual trading style, risk tolerance, and market conditions.