Cryptocurrency Trading Strategy In Hindi – If you are also new to the stock market and want to learn how to start day trading. So this post will be very useful for you. If you are new to the stock market and haven’t opened your trading account yet, you can open your trading and Demat account immediately by clicking on this link: Open Demat Account Online
In this post, we will learn what day trading is, how to start it and also how to make money from it.
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In day trading, only 10% of people make money while 90% of people lose their money.
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If you can’t survive day trading for the next 6 months with Long Vision, Patience, Risk Management, then you shouldn’t even accidentally enter it.
Because it is very risky and if you enter into day trading with little capital, little accuracy and little knowledge, then there is a 95% chance of losing your money.
When a stock is bought and sold in one day in the stock market, it is called Intraday Trading.
In this, the shares have to be bought on the same day and sold on the same day, that is, before the market closes, you have to zero your net position and after the market closes, you don’t have any kind of trade or transaction. left.
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The Indian stock market is open from 9:15 am. to 5:00 p.m. M. to 3:30 p.m. m., Monday through Friday, excluding holidays, called trading hours:
Now Mohan, who bought 10 shares of HDFC from his Demat account at a price of ₹2,200, will have to sell those 10 shares before the market closes, i.e. at 3:30, irrespective of the price.
If Mohan does not liquidate the 10 shares he bought by 3:30 p.m. m., the broker automatically sells these shares at the closing time 10-20 minutes before 3:30 p.m. M. and the transaction is complete.
It’s usually between 3:10 p.m. M. and 3:20 p.m. m., when the broker closes all trades.
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As I said above, you need to zero out your position before the market closes, whether you buy stocks and sell them or buy them after selling them first.
This is known as intraday shorting, where you sell the first stock in a down market at a high price, buy it back before the market closes, and make a profit.
This can be done because in intraday trading you can trade without receiving shares.
You can sell and buy any number of times during the day, but at the end of the day you will have to balance all trades.
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For example, if a company has a total of 1 lakh shares and you buy 10,000 shares, then you become a shareholder or owner of 10% of that company.
Commodity here means those valuable things that are available only in limited quantity, such as:
Also, if you want, you can also invest in digital gold on today’s date.
Apart from this, you can also invest money in cryptocurrencies like Bitcoin, Ethereum, XRP, Tether etc. following the Rules and Regulations.
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Now let’s understand what intraday trading strategy is and how it can be traded.
If you see, different strategies work for every trader and every trader can make a daily trade by creating a new type of strategy.
But mainly, this intraday strategy is used to generate profit in the stock market:
How to start intraday trading? To understand this, we have divided it into 4 parts:
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You can use TradingView for this which is India’s leading stock market app. Along with this you can also understand day trading very well from youtube or paid course.
An intraday trading account is required, while to accept actual delivery you need to open a Demat account.
The best part about it is that you can open both accounts on Zerodha in just 2 days.
It is also important to have a Trading & Demat account so that you can fully understand all its nuances before making the actual trade.
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If you want you can open a Demat account on Upstox, by comparing other Demat accounts you can choose the best one for you:
It is necessary to do this because until now you have only understood trading, you have never tried it in practice.
So in such a situation, if you enter the Real Stock Market, then there are more than 95% chances of losing your money.
For this reason, you should first have your Accuracy and Risk Management above 70% while working on your technique and analysis.
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Now that your accuracy level is good enough, you can start day trading with the help of your trading account.
That’s why in the beginning you have to go with Low Capital and Stop Loss to be able to survive in the long run.
But when you start doing real trading, you need to understand many things, which are useful in reality.
When you want to buy or sell a stock at a fixed price, the limit order helps you do so.
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For example, you want to buy shares of HDFC at ₹ 2,345 whose current market price is ₹ 2,350.
So in this case, you set the buy price at ₹2345 using a limit order and once a seller is ready to sell at that price, their order is placed.
Margin or leverage is the amount that the broker gives you in the form of a loan.
In fact, this is the very factor that makes intraday trading different from short-term trading and investing.
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For example, you want to buy 50 shares of MRF Company and its current market price is ₹1000, but you have only ₹10,000.
Now the broker lends you 3-10 times the margin on it i.e. an amount so that even though you have a capital of ₹10,000, you can trade 50,000 (₹50 * 1,000).
Now, the other side of the coin is that margin can also completely drain your capital:
For example, you bought shares worth Rs 1 lakh with capital of Rs 10,000 + margin of Rs 90,000.
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Now, if there is a big market crash and the stock goes down 10%, the end of the day will be:
This is the current market price of the shares, at which Buyers and Sellers are ready to buy and sell shares at their respective prices.
Here, on the left side, the Buyers (BID) have placed their orders to buy, while the Sellers (ASK) have placed their orders on the right side.
Now, once someone is ready to buy or sell at your price, the order is placed and the deal is done.
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But the capital is depleted due to the high loss, so the Stop Loss becomes the main factor in reducing the loss.
With the help of this, by fixing your loss in advance, you ensure that you do not lose more than a certain amount.
Now, based on your strategy and idea, you feel that today its price will increase by 2% (₹10).
To avoid this, use Stop Loss and set Stop Loss at just ₹495.
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Now if the price falls instead of rising, you will have a maximum loss of ₹500 (100 * 5) i.e. 1%.
As I told you earlier, during day trading, you need to square your net position to 0 before the market closes (square time).
That is, if the shares have been bought before, he will sell them and if they have been sold before, he will buy them.
This process is called Margin Intraday Square Off (MIS) because the margin provided by the broker is also adjusted during this period.
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Cover and Bracket Order help to setup the trade during intraday trading.
For example: If you want to buy HDFC shares at ₹800 and put a stop loss at ₹793, you can do both at the same time through cover order.
During day trading, the market moves very fast and you don’t have time to set a stop loss after the purchase.
Because at the end of the day, you have to accept that only 10% of people are capable of making money from it because they are your experts.
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Originally posted 2023-06-02 09:08:49.