Best Intraday Stocks for Today

The secret to day trading is simple. Follow a clear trading strategy.

You see, most intraday traders don't follow any strategy at all. They just 'read the tape' and hope for the best.

Or they trade in anticipation of some news that may move a stock intraday.

Rarely do they have a system to fall back on. If you have one, then you will immediately set yourself apart from 99% of intraday traders in the market.

Your intraday strategy must be based in the competent use of short-term technical charts. These will be 3, 5, 15, 25, and 75 minute charts. We suggest using Heikin Ashi candlestick charts.

You should also use technical indicators that are appropriate for intraday trading. The moving average convergence-divergence (MACD), average directional index (ADX), and Relative Strength Index (RSI) are three good choices.

Finally, always trade with a stop loss and follow sound money management principles.

Most intraday traders lose money. This is because they trade without a plan, without a strategy.

Many don't use stop losses. Often, they commit large amounts of capital in a single trade. In such situations, a single bad trade takes a big bite out of their trading capital which is hard to earn back.

To make consistent profits in intraday trading, you need to follow a sound trading strategy. This strategy should be built upon a good grounding in the fundamentals of technical analysis.

It will require some trial and error on your part. It will take some time. But once you have a winning trading strategy, intra-day trading will become profitable.

There is no single strategy that is consistently successful in any form of trading, including intraday trading. Financial markets are dynamic. Traders all around the world are constantly learning and improving their knowledge and skills.

You will need to do the same. Stay up to date with charting techniques and keep learning all the time.

Soon you will be able to develop your own intraday trading strategy which will beat the market.

A lot of time people mix up trading and investing in the stock markets. In fact, many a times retail investors aren't even aware if they are investing or trading a stock.

There is a basic difference between the two.

To put it simply, investing is owning a piece of the business. When you're purchasing a stock as an investor, you're not buying a piece of paper. You are buying a stake in the business. Investing is all about looking at the fundamental aspects of a stock and then deciding if that stock is worth buying or not.

Trading, on the other hand, is simply buying a stock based on price. Here, the fundamental aspects of the business are not considered. Traders simply think in price terms. The judgment is simply based on human behavior related to stock price movements. A trader tries to predict how the stock price will move based on the collective action of multiple other players in the market.

Trading involves a lot of activity and constant tracking of price movements. A trader normally has to be fully involved with the happenings of a stock market on a daily basis.

For majority of retail investors though, investing is about using savings to get a reasonable rate of return for investment in stock markets. Also, a retail investor might have a day job leaving limited time for him to dedicate to the markets on a daily basis.

Also, long-term investing is less likely to be volatile than trading and might suit the average retail investor.

Considering all these factors, it makes sense for a retail investor to follow the investing approach.

Overall, an individual should follow that he/she is comfortable with and also one that helps them get the best results from the stock market.