Basics of intraday trading
Intraday trading refers to buying and selling of stocks on the same day. It's done using online trading platforms. Suppose a person buys stock for a company, they've to specifically mention‘intraday’in the gate of the platform used.
This enables the stoner to buy and vend the same number of stocks of the same company on the same day before the request closes. The purpose is earning gains through the movement of request indicators. It's also appertained to as Day Trading by numerous.
Stock request earns you great returns if you're a long- term investor. But indeed on the short term, they can help you earn gains. Suppose a stock opens trade at Rs 300 in the morning. Soon, it climbs to Rs. 350 within an hour or two.
However, stocks in the morning and vended at Rs 350, you would have made a cool profit of Rs 5000, If you had bought 100. This is called intraday trading.