Getting into intraday trading? Here is what you must know

1. A day trader can generate returns irrespective of whether the market is going up or down. Thus, finding the right stocks for intraday trading involves segregating the prevailing market trend from any neighboring noise and exploiting on that trend. Intraday traders have to be swift on their moves and make sure that they do not go with the moment and stick to the intraday trading rules. Who are the perfect candidates for intraday trading? People who can bear risks Those who follow market closely Perfect in timing their trading decisions Be it intraday trading in Zerodha or any other broker, the key to success in intraday trading lies in the perfect timing of trading as market fluctuates too quickly in this type of trading. Choosing the right broker for intraday trading When it comes to indulging into intraday trading, using the right broker is essential, especially the one who can provide exemplary research support as well as technical support. Having the most appropriate tools is important to optimize results for intraday trades. Considering the high frequency of transactions, it is imperative that you choose an account with low brokerage per trade and quick execution. Therefore, do thorough research on the top 10 stock brokers in India before getting into intraday trading. Update yourself with fresh information: A day trader should keep close watch on news while finding the answer on how to do intraday trading in Zerodha; or else he is likely to step down as an intraday trader. Intraday trading is not about booting on the market; it is a lot more planned way of performing activities. By keeping tabs on news and on macros and assessing the flow of corporate actions and announcements, a day trader can do much better.