Trading requires the utmost focus and attention to detail from traders and investors willing to place their stakes. An iota of negligence while trading may cause a financial catastrophe. Depending on their trading strategies and inclinations, traders may place long-term or short-term trades in the market.
Published on 26 June 2024
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Intraday trading is one of the most preferred ways of short-term trading in the market. Intraday trading has its pros and cons, and traders must proceed with the same after sensibly weighing its various facets. In this blog, we will discuss various facets of intraday trading in detail and pragmatic ideas to have a safe trading experience.
Intraday Trading-Overview
Intraday trading refers to trading that is settled on the same day of buy or sell of assets in the market. Intraday trading may offer lucrative opportunities to capitalize on the investment. Traders and investors can trade with assets like commodities, stocks, futures, options, etc., with intraday trading.
Intraday trading allows traders and investors to implement bearish or bullish trading strategies. The following are the two ways through which traders can go for intraday trading:-
Buy Orders: Traders place this order in the market when they speculate the price of a defined asset will rise eventually. Such orders are the most common in the market and are settled when traders successfully sell the assets they have bought the same day. These orders have their benefits and risks, and traders must place their stakes through these orders after conducting a comprehensive assessment.
Short Selling: This order involves the implementation of a bearish trading strategy. Traders and investors place this order when they extrapolate the defined asset's price will go down consecutively. Placement of this order is done by experienced traders and investors or proficient traders and investors as the risk is higher than buy orders. Through a thorough due diligence, traders and investors can handle the risk factor associated with the placement of this order. However, market experts ask novices to refrain from short selling for its limited earning potential and higher risk.
Intraday Trading- Most Empirical Risk Management Techniques
Traders and investors placing their trades with thebest intradaytrading apps must be additionally cautious. There is no defined parameter that allows traders to map the inherent perils and proceed accordingly. However, there are a few general steps they may take to have a safe trading experience:-
Technical Analysis: It is one of the most reliable market assessment techniques that makes things more efficient for traders and investors. It involves the formulation of trading strategies based on deciphering through a statistical evaluation and further speculating the course based on existing market conditions. However, with limited efficacy, it is one of the most reliable techniques that has delivered a fair share of accuracy to several traders and investors.
Setting Goals: Before placing the trades in respective markets, traders must formulate their trading strategies to avoid any further issues. It keeps them protected from market shortcomings and incapacitates them with better trade opening and closing strategies.
Trade Opening: Traders need to be cautious in identifying the possible trading opportunities to place their trades in the market. A suitable trade opening strategy fosters traders and investors with a start that enables them to conclude their trades after reaching the aspired financial target.
Having an Exit Strategy: Devising a transition plan allows traders and investors to maximize their trading outcomes. With the same, they also remain protected from the market misgivings.
Managing the Adversities: Traders must be prepared to manage the market's contingencies. As the market does not show a tolerable fair often, traders must have a flexible mindset when things go willy-nilly.
Benefits of Intraday Trading
When trading with an intraday trading app, traders and investors receive a plethora of advantages that make them a quintessential option. The following are the benefits that make it a compelling case:-
Profits in Rising or Falling Markets: Unlike buy-and-hold investing, where you profit from an asset's long-term price increase, intraday trading allows you to potentially profit from both rising and falling prices by buying low and selling high within the same trading day.
High Liquidity: Intraday trades typically involve stocks with high liquidity, meaning they can be easily bought and sold throughout the trading day. This allows for quicker entry and exit from positions.
Faster Potential Returns: Since trades are closed out by the end of the day, profits (or losses) are realized more quickly compared to buy-and-hold investing. This can be appealing to those seeking faster financial gains.
Active Control: Intraday traders have a high degree of control over their positions. They can actively monitor the market and make adjustments to their strategies throughout the day.
Concluding Remarks
Intraday trading has a fair share of trading benefits and pressing challenges, and traders need to be more active when placing their trades with their best intraday trading apps. Intraday trading offers traders the opportunity to generate regular income.
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Diversify Your Investment Portfolio: Know Using Trading Apps
In today’s fast-paced world, where technology has penetrated every aspect of our lives, the world of finance and investing is no exception. With the rise of trading apps, investors can now access financial markets globally and make trades at their fingertips.
How to Maximize Your Earnings with Share Market Trading App For Beginners?
In today’s fast-paced world, individuals constantly seek opportunities to earn capital and secure their financial future. One increasingly popular option is stock trading. The fund offers high investment returns, making it profitable for those looking to grow their wealth.
In the age of technology, the stock market has reached everyone, from a teenager to a person in his 60s, who has a stake in the stock market. This can only be possible due to the rise of online trading apps. Their convenience is unparalleled, as a few taps on your smartphone can open doors to stock trading and potentially pave the way to financial prosperity.
Diversify Your Investment Portfolio: Know Using Trading Apps
In today’s fast-paced world, where technology has penetrated every aspect of our lives, the world of finance and investing is no exception. With the rise of trading apps, investors can now access financial markets globally and make trades at their fingertips.
How to Maximize Your Earnings with Share Market Trading App For Beginners?
In today’s fast-paced world, individuals constantly seek opportunities to earn capital and secure their financial future. One increasingly popular option is stock trading. The fund offers high investment returns, making it profitable for those looking to grow their wealth.
In the age of technology, the stock market has reached everyone, from a teenager to a person in his 60s, who has a stake in the stock market. This can only be possible due to the rise of online trading apps. Their convenience is unparalleled, as a few taps on your smartphone can open doors to stock trading and potentially pave the way to financial prosperity.
Sharekhan Comtrade Private Limited (TM) operates the web site accessible from the URL www.myespresso.com (the “web site”').
Sharekhan Comtrade Private Limited is committed to protecting your privacy and utilising technology that gives you the most powerful, safe, online experience that you can get anywhere else.
Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.
Sharekhan Comtrade Private Limited requests the minimum information it believes necessary to achieve this goal.
The following discloses Sharekhan Comtrade Private Limited's information gathering and dissemination practices for the Web Site:
System Data:
Sharekhan Comtrade Private Limited uses your IP address to help diagnose problems with our server and to administer the web site. Your IP address is used to identify you and your shopping cart and to gather broad demographic information.
Registration Data:
The Web Site's registration form may require users to give us contact information (like their name, phone number and e-mail address), unique identifiers (like their PAN Number) and demographic information (like their pin code, age or income level). The Web Site uses customer contact information from the registration form to send the users information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Comtrade Private Limited's partners. The customer's contact information is also used to contact the visitor when necessary. Unique identifiers (such as PAN numbers) are collected to verify the user's identity. Demographic and profile data is also collected at the Web Site. We use this data to tailor the visitor's experience at the Web Site, showing them contents that we think they might be interested in, and displaying the contents according to their preferences. This information is shared with advertisers on an aggregate basis.
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This site contains links to other Web Sites which are not necessarily been screened or reviewed by www.myespresso.com. Sharekhan Comtrade Private Limited is neither responsible for the privacy practices or the contents of such Web Sites nor shall be held answerable for the inaccurate, inappropriate or offensive data, material, information, products and services that may be viewed on those sites.
Sharekhan Comtrade Private Limited may operate a number of co-branded sites. Policies regarding information collection and sharing may differ on some of these co-branded sites. If you have any particular questions, you should check the privacy statement that appears on each co-branded site.
Order Forms:
The Web Site uses an order form for customers to request information, products and services. The Web Site collects visitors' contact information (like their mobile number or e-mail address), unique identifiers (like their PAN number) financial information (like their account or credit card numbers) and demographic information (like their pin code, age or income level). Contact information from the order form is used to send orders, information about Sharekhan Comtrade Private Limited, and promotional material from some of Sharekhan Comtrade Private Limited's partners to the visitors of the Web Site. The visitor's contact information is also used to get in touch with the visitor when necessary. Financial information that is collected is used to check the users' qualifications and bill the user for products and services. Unique identifiers (such as PAN numbers) are collected from Web Site visitors to verify the user's identity.
Surveys and Contests:
The Web Site's online surveys ask visitors for contact information (like their mobile number or e-mail address) and demographic information (like their pin code, gender, age or income level). The Web Site uses contact data from its surveys to send the user information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Ltd.'s partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below. Demographic and profile data is also collected at the Web Site. The Web Site use this data to tailor its visitor's experience at the Web Site, showing them content that it thinks they might be interested in, and displaying the content according to their preferences. This information is shared with advertisers on an aggregate basis.
Sharekhan Comtrade Private Ltd run contests on the Web Site in which we ask visitors for contact information (like their e-mail address). Sharekhan Comtrade Private Limited uses contact data from its contests to send users information about Sharekhan Comtrade Private Ltd. and promotional material from some of our partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below.
Third-Party Advertisement Servers:
Sharekhan Comtrade Private Limited engages the services of an outside advertisement company to display advertisement on the Web Site. These advertisements may contain cookies. While Sharekhan Comtrade Private Limited uses cookies in other parts of the Web Site, cookies received with banner advertisements are collected by the Advertisement company, and Sharekhan Comtrade Private Limited does not have access to this information.
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Disclosure of Customer Information :
Sharekhan Comtrade Private Limited and www.myespresso.com shall not deliberately disclose customer's personally identifiable information to any unauthorized third person, save and except where such information shall be disclosed in good faith and for the purpose of law for the time being in force or to protect the rights and property of Sharekhan Comtrade Private Limited and www.myespresso.com.
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Supplemental Information :
The Web Site supplements the information that you provide with information that is received from third parties.
The Web Site DOES NOT entice by the prospect of a special game, prize or other activity, to divulge more information than is needed to participate in the activity.
Further to the above, in light of the recently notified Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011. (Hereinafter referred to as the Rules)
The following shall be deemed to be sensitive information :
Password;
Financial information such as Bank account or credit card or debit card or other payment instrument details;
Physical, physiological and mental health condition;
Sexual orientation;
Medical records and history;
Biometric information;
Any detail relating to the above clauses as provided to body corporate for providing service; and
Any of the information received under above clauses by body corporate for processing, stored or processed under lawful contract or otherwise:
provided that, any information that is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data or information for the purposes of Rules.
Collection of Information:
Compliance with KYC guidelines as per SEBI / Exchanges / Or any other Act, law or regulation requiring the same and any internal KYC guidelines formulated by Sharekhan Comtrade Private Limited.
In order to provide enhanced trading experience to the client.
In order to provide any further information to be provided to regulators.
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Clients would be allowed an option not to disclose any information to be collected, provided the same is in compliance with regulatory requirements.
Disclosure of information:
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Provided no consent may be required in case the same is being shared as per compliance guidelines or as required by regulators.
Any information being disclosed to third parties would be in accordance with the Rules and would be done provided such third party has the same level of compliance guidelines as Sharekhan Comtrade Private Limited.
Sharekhan Comtrade Private Limited shall allow clients to review their personal information and the same shall be allowed to be edited provided exchange guidelines relevant to the same are followed.
Sharekhan Comtrade Private Limited shall maintain reasonable security practices and procedures and maintain a comprehensive documented information security programme. In the event of an information security breach, Sharekhan Comtrade Private Limited or a person on its behalf shall be required to demonstrate as and when called upon to do so by the agency mandated under the law, that there have implemented security control measures as per their documented information security programme and information security policies and information security policies that contain managerial, technical, operational and physical security control measures that are commensurate with the information assets being protected with the nature of business.
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Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language :
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