Today Share Market Tips for Intraday Trading
Intraday trading has become increasingly popular among market participants who want to take advantage of short-term price movements in the share market. Unlike long-term investing, intraday trading focuses on buying and selling stocks within the same trading session. The goal is not to hold positions overnight but to benefit from small price fluctuations during market hours.
However, intraday trading requires discipline, preparation, and a clear understanding of market behavior. Random decisions or emotional trading can quickly lead to losses. In this blog, we will explore practical and general intraday trading tips that can help traders improve their approach and decision-making in today’s share market.
Understanding Intraday Trading
Intraday trading involves entering and exiting trades on the same day. Positions are squared off before the market closes, avoiding overnight risks caused by global events, news, or earnings announcements.
Key characteristics of intraday trading include:
Short holding periods
Focus on price action and volume
High importance of timing
Strict risk management
Because intraday trading is fast-paced, traders must stay alert and follow a structured plan rather than reacting impulsively to market noise.
Importance of Market Preparation Before Trading
One of the most important intraday tips is to prepare before the market opens. Successful traders spend time analyzing the market rather than jumping into trades randomly.
Pre-Market Checklist
Review global market trends
Check overnight news and economic updates
Identify key support and resistance levels
Make a watchlist of potential stocks
Preparation helps traders avoid confusion once the market becomes volatile and ensures they act with clarity instead of emotion.
Choose the Right Stocks for Intraday Trading
Not all stocks are suitable for intraday trading. Selecting the right stocks can significantly improve the probability of successful trades.
Characteristics of Good Intraday Stocks
High liquidity
Strong trading volume
Moderate to high volatility
Clear price movement
Highly liquid stocks allow easy entry and exit without significant price slippage. Avoid stocks with very low volume, as they may trap traders in unfavorable positions.
Follow the Market Trend
“Trend is your friend” is one of the most repeated phrases in trading, and for good reason. Trading in the direction of the overall market trend reduces unnecessary risk.
How to Identify the Trend
Observe major indices direction
Use moving averages
Look for higher highs and higher lows (uptrend)
Look for lower highs and lower lows (downtrend)
Avoid going against the trend unless you have strong confirmation. Trend-following trades often have better risk-reward potential.
Set Clear Entry and Exit Levels
One common mistake intraday traders make is entering trades without predefined levels. This often leads to emotional decisions and overtrading.
Why Entry and Exit Planning Matters
Reduces emotional trading
Helps maintain discipline
Improves consistency
Limits losses
Before entering any trade, clearly define:
Entry price
Target price
Stop-loss level
Once the trade is placed, avoid constantly modifying these levels unless market conditions genuinely change.
Importance of Stop-Loss in Intraday Trading
A stop-loss is not optional in intraday trading—it is essential. Markets can move sharply against expectations, and a stop-loss protects trading capital.
Benefits of Using Stop-Loss
Limits potential losses
Protects capital for future trades
Encourages disciplined trading
Reduces stress
A small, controlled loss is always better than a large, unexpected one. Traders who avoid stop-losses often face significant drawdowns.
Risk Management Is More Important Than Profit
Many traders focus only on how much they can earn but ignore how much they can lose. In intraday trading, survival comes before profit.
Basic Risk Management Rules
Risk only a small percentage of capital per trade
Avoid over-leveraging
Do not trade multiple correlated stocks
Stop trading after reaching daily loss limit
Protecting capital ensures that traders remain in the market long enough to benefit from learning and experience.
Avoid Overtrading
Overtrading is one of the biggest reasons intraday traders fail. The desire to trade every market move often leads to unnecessary losses.
Signs of Overtrading
Taking trades without clear setups
Trading out of boredom
Trying to recover losses immediately
Ignoring trading rules
Quality trades are more important than quantity. Sometimes, the best trade is not trading at all.
Best Time Windows for Intraday Trading
The market does not behave the same way throughout the day. Understanding time-based volatility can help traders choose better moments to trade.
Common Intraday Time Phases
Opening session: High volatility and volume
Midday: Lower volatility, sideways movement
Closing session: Renewed activity and trend continuation
Many traders prefer trading during high-volume periods, as price movements are more reliable and liquid.
Use Technical Indicators Wisely
Technical indicators are useful tools, but they should not be overused. Adding too many indicators can create confusion and conflicting signals.
Commonly Used Intraday Indicators
Moving Averages
Relative Strength Index (RSI)
Volume indicators
Support and resistance levels
Use indicators to confirm price action, not to replace it. Price movement itself often provides the most valuable clues.
Keep Emotions Under Control
Psychology plays a major role in intraday trading. Fear and greed can cause traders to exit early, hold losses too long, or chase prices.
Tips to Manage Trading Emotions
Follow a written trading plan
Accept losses as part of trading
Avoid revenge trading
Take breaks after stressful sessions
A calm and disciplined mindset is often more powerful than any strategy or indicator.
Avoid Trading on Rumors
Intraday traders often get tempted by tips, rumors, or unverified news circulating in the market. Acting on such information can be risky.
Why Rumor-Based Trading Is Dangerous
Information may be false or outdated
Price may already reflect the news
Sudden reversals can occur
High chance of manipulation
Rely on charts, volume, and confirmed information rather than hearsay.
Maintain a Trading Journal
A trading journal helps traders track their performance and identify patterns in their behavior.
What to Record in a Trading Journal
Trade entry and exit
Reason for the trade
Profit or loss
Emotional state during trade
Over time, reviewing the journal can help traders improve strategies and avoid repeating mistakes.
Continuous Learning Is Essential
Markets evolve, and strategies that work today may not work forever. Successful intraday traders keep learning and adapting.
Ways to Improve Trading Skills
Study past trades
Learn from market behavior
Practice risk management
Focus on consistency
Trading is a skill developed over time, not a shortcut to quick money.
Common Mistakes to Avoid in Intraday Trading
Even experienced traders make mistakes. Being aware of common errors can help reduce losses.
Frequent Trading Mistakes
Trading without a plan
Ignoring stop-loss
Increasing position size after losses
Letting emotions control decisions
Avoiding these mistakes can significantly improve long-term trading performance.
Final Thoughts on Today’s Intraday Trading Approach
Intraday trading offers opportunities, but it also carries risks. Success does not come from predicting every market move but from managing risk, staying disciplined, and following a structured process.
Focus on:
Preparation over prediction
Risk management over profit chasing
Discipline over emotion
By applying these general intraday trading tips consistently, traders can develop a more balanced and professional approach to the share market.
Disclaimer:
This blog is for educational and informational purposes only. Share market trading involves risk, and market conditions can change rapidly. Readers should use their own judgment and understanding before participating in intraday trading.