Learning Day Trading

I want to know basics of Intraday & Swing trading in context of Indian Stock market?

i.e what one should do or one should not do in intraday & swing trading.

Public Comments

1. INTRADAY means you have to purchase a shares in a working hours as per stock exchange and sell on the same day in the working hours as per stock exchange, there will be a daily profit and loss calculation , no demet account is required or u can say that no delivery i.e. daily plus minus. can calculate your earning daily basis.brokerage is also less than the dilevery base. SWING TRADING-I CANT EXPLAIN IT
2. swing trading is when you see a stock trading in a pattern and you follow it. For example if stock xyz is constantly trading between 18-22 a share you would buy it at 18 and sell it 22 and continue this over and over as long as the stock stays in this range.
3. intraday:-same day same exchange in trading hour10am to3.30pm swing trading:-first one hour trend watch up trend at high volume reco buy, dn trend at high volume short sell
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5. Day trading: Refers to buying/selling and reversing the entire position on the same day. Is the investment, speculation or risk management approach which is limited to intra-day activity with little or no overnight carrying of positions Tips and Tricks for Day Traders Day traders Buy or Sell Stocks several times every day and close out all positions before the market closes. The expectation of Traders is making small profits with as little risk as possible and they simply look for potential price movement Based on Technical Analysis. Plan your trade. Trade as per your plan. Select your Stock, Decide the Quantity, Decide the entry and exit price and Decide the amount of money you can loose if the trade goes against you. Trading in Opening and Closing hours of the market is Risky but Rewarding. Use a Stop Loss Always trade with Stop Loss. Set Stop Loss Sell Order just below the low of the day or Support level and Stop Loss Buy Order just above the high of the day or Resistance level. Never Trade too many stocks at once Always trade in High Volume Index based Shares. Select Three or five stocks for Trading. Get the price movement between the bottom and top It is not possible to Buy at the Bottom and Sell at the Top. Try to trade between the Bottom and Top. Buy a stock Always buy a stock that is going Up. Buying level is just above the previous closing price. Short the stock Always sell the stock that is going down. Selling level is just below the previous closing price. Don't average Your Position One common mistake by Traders is averaging Loss making position. You must exit if the trade goes against you. Take control of your greed Book Profit and leave the trading hall and enjoy the day. Take control of your fear Cut your loss - Relax – Forget your loss quickly. Wait for next Opportunity. You can Win. Keep records of your trading results. Always record details of your trades and mistakes. Accept failure as a step towards victory. no idea how to explain about swing trading