What is Intraday Trading?
Advantages of Intraday Trading
Essential Intraday Concepts
Technical Analysis
Trading Platforms and Tools
Strategy 1: Breakout Trading
Example:
🔹 If stock XYZ breaks resistance at $100 with increased volume, enter a long position targeting the next resistance at $102.50. Set stop-loss slightly below breakout level ($99.50).
Strategy 2: Momentum Trading
Example:
🔹 Stock ABC rises quickly due to positive news. Enter trade after initial confirmation (e.g., high volume spike) and exit as momentum slows.
Strategy 3: Reversal Trading
Example:
🔹 Stock XYZ sharply declines and hits a significant intraday support level. Bullish reversal candlestick forms (hammer pattern). Enter long trade with defined stop-loss below support.
Strategy 4: Gap Trading
Example:
🔹 Stock ABC opens 2% above yesterday’s close. Wait for confirmation of gap continuation or reversal, then enter accordingly with a tight stop-loss.
Strategy 5: Scalping
Example:
🔹 Enter multiple short-duration trades targeting minor price moves (0.1%-0.5%), exiting quickly with precise stops and targets.
Importance of Risk Management
Risk Management Techniques
Practical Example:
🔹 If trading capital is $10,000 and risk tolerance per trade is 1% ($100), adjust position sizes accordingly, using clear stop-losses.
Frequent Mistakes
Solutions
Psychological Challenges
Strategies for Emotional Discipline
Trade Example 1: Breakout Trade
Trade Example 2: Reversal Trade
Congratulations! You’ve explored proven intraday trading techniques, effective strategies, and practical methods for managing risk and market psychology. By consistently applying these strategies and maintaining disciplined risk management practices, you’ll improve your intraday trading skills, develop better market judgment, and build sustainable trading habits.
Sky Links Capital offers advanced resources, professional insights, and continuous support to enhance your trading skills further.
Take your next step today—partner with Sky Links Capital to begin your journey towards trading success!
Disclaimer: The information and tools provided by Sky Links Capital are strictly for educational and informational purposes only. They do not constitute financial advice, investment recommendations, or an offer to buy or sell any financial instruments. Users should make independent decisions based on their own research and, where appropriate, seek professional advice.