Intraday Trading Tips and Strategies for Beginners

Intraday trading tips and strategies are very useful for traders who buy and sell stocks within the same day. Usually this type of trading needs quick decision-making, proper planning, and strong risk control. Unlike delivery trading, where positions are held overnight. Intraday traders must close their trades before the market closes. In this blog, you will know about the process of stock selection and strategies used by traders. And also about common mistakes to avoid.

With the help of a disciplined approach, you can handle these quick-moving markets. Below are some of the valuable tips and tricks:

Selecting liquid stocks:

Mainly focus on actively traded shares with high volumes for easy entries and exits.

Hold the price of entry and exit:

Before entering any trade, clearly define your target and stop-loss.

Set a stop-loss:

With the help of a stop-loss, you can protect your capital from unexpected market moves.

Book profit when the target is reached:

Once you reach the target, exit your trade to avoid emotional decisions.

Close all open positions:

To avoid overnight risks, close all your open positions before the market closes.

Select the right platform:

A right trading platform that is reliable and fast and that supports better chart analysis and trade execution.

Visit our dedicated service page for intraday trading tips to get practical guidance from our  trusted SEBI-registered advisor.

Stock selection is one of the most important steps in successful intraday trading strategies. Usually traders pick stocks that have higher liquidity, as they allow easy entries and exits during market hours. Therefore, monitoring overall market and sectoral indices like Nifty 50 and Bank Nifty. Therefore, it helps to identify stocks that move in line with broader trends. Along with this, news-driven stocks that react to quarterly earnings, policy announcements, or global events are often preferred for intraday trading. Therefore, another useful step is marking support and resistance zones from the previous days. As these levels guide possible breakouts or reversals. You can explore more about market research in our Bank Nifty and Nifty research techniques blog.

Not every trader will follow the same techniques. They follow different techniques based on market conditions. These are the most commonly used strategies:

Breakout strategy:

You can enter trades when prices cross support or resistance levels with strong volume.

Pullback strategy:

This strategy helps to trade in the direction of the trend after short-term corrections.

Scalping strategy:

By using this strategy, you can make multiple trades for small price movements during the day.

Momentum strategy:

Trade on sudden price moves supported by high volumes.

Connect with our intraday trading calls provider in India to know more information about intraday trading insights.

Apart from stock selection, strategies, and risk control, there are some additional factors that make intraday trading more effective. Most of the traders depend on shorter time frames, such as 5-minute, 15-minute, or hourly charts, to find entry and exit levels with greater clarity. And tools like VWAP and volume confirmation also play an important role. Therefore, price breakouts or reversals become stronger when they are backed by trading volumes. Another practice is setting a daily stop-loss limit. This can help to avoid emotional decisions. Finally, selecting a trading platform with advanced features and fast execution will help a lot. Although it ensures technical analysis and trade placement happen during volatile market hours.

A part of intraday trading, if you’re willing to know about more segments like Bank Nifty tips, Nifty option tips, and Option trading tips. Contact our SEBI-registered investment advisor for more details.

Even with the best intraday trading strategy, many market participants face losses due to some common mistakes. Overtrading is one of the most common mistakes made by traders. Hence, chasing multiple trades in a day can increase costs. Another mistake is ignoring position sizing. Risking more than 1-2% of your capital on a single trade can result in major losses. Similarly, traders will be exposed to sudden market fluctuations by ignoring stop-loss. Also, especially emotional trading after a loss leads to more losses.
Although brokerage costs can also be considered because they reduce intraday gains. Timing also matters a lot in intraday trading. Beginners often find it safer to trade when price action is more stable. Therefore, if you want to compare different trading styles, read our guide on intraday vs delivery trading.

Intraday trading tips and strategies offer a proper approach to trading the market within a single day. By selecting liquid stocks, creating a plan, applying the right strategies, and avoiding common mistakes, you can trade freely. Also, you can navigate market volatility more effectively. Check out our pages on intraday tips for today NSE and stock for today intraday for daily opportunities. Although at The Trade Bond we offer different services such as Equity intraday, Short-term trading, Long-term trading, Swing trading tips as well. 

Therefore, intraday trading is all about preparation, patience, and discipline. Update your approach, track your performance, and build confidence with a step-by-step approach. Hence, intraday trading tips and strategies can become a strong foundation for your journey.

Can I trade during the first hour of the market?

In intraday trading, the most volatile period is the opening hour because it has sharp price swings. So, new traders need to wait until 10:15 a.m. to trade. You can trade when the market stabilizes.

How much capital do I need to start intraday trading?

You can start with less capital and trade with money you can afford to lose. So, risking 1-2% of your capital on a single trade is considered safe.

Does volume matter in intraday trading?

Yes, volume is a very important factor. Although breakouts are supported by high volumes, which are considered more reliable than moves without volume support.