Stock market volatility can generate wealth. New & unskilled trading enthusiasts often look for profitable intraday trading secrets of successful traders.
It can help traders to minimize the risk of losing money to certain extent. You can comfortably play with daily ups & downs in share prices of stocks. You just need to make right positions at the most appropriate time to ride this intraday volatility.
If it goes in favor of your trade positions, you can generate good profits. However, if it goes against your positions, you have to bear huge losses.
Day traders are usually the first person to face wild moves in a stock. It can greatly affect their emotions which in turn can affect their trading decisions.
However, you can also be profitable enough like successful traders if you can follow their trading strategies. Here are 11 profitable intraday or margin trading secrets of successful traders:
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(1) Stay Neutral For Price Movements
It is one of the most profitable intraday trading secrets of successful traders. Most successful day traders usually see the share price movements as per the prevailing trend. They never look towards price fluctuations how you want them to be.
In day trading or margin trading, a trade may go against your positions. New & unskilled margin traders may start looking for reasons why your position is still a good trade & why you should hold it.
It is very dangerous trading habit that can result in losing big money rather than earning. Most successful day traders have clearly-defined entry & exit criteria before making a trade. They never switch strategies while in a trade.
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