How to Make 2x Money In Intraday Trading

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How to make a profit

A person must have the right knowledge, master plan, and proper planning to prevent losses and maximize the gains from money invested.

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Intraday trading

Intraday trading is when investors purchase shares when the market opens and sell them at the market close. They focus on technical factors leading to the fluctuation in stock prices and make profits from these variations

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Key Factors

• The capital used for trading pur- poses. • The risk one can take • Experience and expertise in trading.

Steps to Make 2X Money

1. USE OF STOP-LOSS Setting a stop-loss with your broker will ensure that you suffer mini- mum losses during intraday trading. Your stocks will be sold if their value falls below the stop-loss amount.

Steps to Make 2X Money

2. FOLLOW THE TREND: Monitor the movement in the broader market and form your trading strategy accordingly. Going with the market trend will keep your capital safe; hence, you will suffer minimum losses.

Steps to Make 2X Money

3.SELECTION OF STOCKS Choose the stocks that move in parallel with the broader market, making it easier to predict their price variations.

Steps to Make 2X Money

4.PREFER LIQUID STOCKS Liquidity is a prerequisite for intra- day trading as it involves buying and selling on a single day. For the investor, liquid stocks make it easier to trade without the volume restraints.

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