Trading rules and strategies always help an Investor as well as nonprofessional to trade effectively and are in profits rather than being in losses. Intraday trading requires lot of skill and patience which every individual needs to have otherwise profits can turn into losses. Here are some Intraday Techniques that would be useful to everyone. 

* Divide your trading capital into five equal risk segments: If you want to trade in five stocks then divide your capital in five equal parts and make sure that you stick to it. Never break your own rule.
* Use a two-step order process: If you have a tip of buy above a particular level then it is safe to assume that below that level, it can be a good sell and you need to have your own stop loss but trading with the trend of the market always helps.
* Don’t overtrade: If you make a loss, in particular scrip then do not trade in that scrip again, instead go to next, do only five trades in a day and not more than that.
* Never let a profit turn into a loss: When you make profit then exit rather than waiting for the target to hit since markets have become very volatile, So it is always advisable to book profits wherever you can so that you don’t turn a profit making trade into a loss making one.
* Trade with the trend: If you see the trend of the market is up then go long with a Stoploss and If the trend is down then Short at higher levels with a stop loss.
* If you don’t know what’s going on, don’t do anything: If you don’t understand the trend of the market then sit out for a day, It is always better to sit out and not trade rather than trading and making a loss.
* Tips make you money: Tips make you money provided the provider of the tips and the person who is using those tips are on same understanding.
* Use the right order to get into the markets: Always important to know the trend of the stock whether it needs to be bought or needs to be shorted.
* Don’t be whimsical about closing out your trades: Don’t be in a hurry to book profits if you know the trend for the whole day is down and not volatile.
* Withdraw a portion of your profits: Always book 50% Profit on first target and Increase the stop loss so that in worst-case scenario also you do not lose money.
* Don’t buy a stock only to obtain a dividend: Do not buy a stock because you will get dividend, but buy it because of its strong fundamentals.

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