Intraday trading in India got a boost after rolling settlements were introduced in 2001. Under the T+2 rolling settlement, when you buy or sell a stock you have the opportunity to cover the position the same day.
It is estimated that nearly 80-85% of intraday traders end up losing money in the stock markets. Normally, 70% of the intraday traders do not last beyond the first year and 90% do not last beyond the third year.
Trade analysis is one of the most important tools used by successful investors to pick stocks and make intelligent investment decisions. It enables an investor to prepare for the share market in advance and purchase stocks which can prove profitable when sold in the future.
Intraday trading is about churning money for small profits. Hence, intraday trading brokerage, in particular, and intraday trading charges, in general, matter a lot. As an intraday trader, you need to squeeze value out of every penny, and you need to pinch pennies when it comes to costs.
At the core of intraday trading is when and how to enter and exit stocks. Practically, it is not consistently possible to buy low and sell high; this only exists on paper. What is required is an understanding of trends and the ability to make the best of it.
The stock market has fixed hours of operation. However, in 2010, the NSE- National Stock Exchange, opened a 15-minute pre-open session, also referred to as pre-market. Pre-market session aids to reduce the price volatility at the time of market opening.
Stock exchanges worldwide operate for fixed hours per the local time zones and trade practices. Trading hours refer to predetermined hours during which market participants actively trade in securities.