Why Only 10% Of Traders WIN In Intraday Trading? | Money, Markets & Mindset Ep-07

Almost everyone who takes interest in the stock market is well aware about what is Intraday trading. However, the percentage of people who know how to make profits in intraday trading is significantly low. So in this stock market podcast, you are gonna learn some effective strategies and facts that will help you to make money in intraday trading.

This stock market podcast video will enrich your understanding of the profit making strategies of intraday trading through a practical demonstration of analysing the technical charts.

This video podcast is starring Umesh Sharma, an expert intraday trader, who in this video shares some golden rules of making profit in intraday trading.

According to this stock market expert, the first and the most crucial thing in intraday trading is stock selection.Then he shared a few valuable insights of how to pick stocks in Intraday trading in hindi.

The best way to select stocks for intraday trading is to look for good volume, moderate volatility, and demand and supply zone. Apart from this, you need to check support and resistance levels of a stock before selecting it for intraday trading.

Further in this stock market podcast, Umesh told us that a trader should take a trade as soon as he gets a trading opportunity.

This expert intraday trader states that technical analysis is very easy, but people interpret and teach it in the wrong way.

Later on, he opened up about intraday trading strategies in hindi, and how this intraday strategy can definitely make you a profitable intraday trader.

According to Umesh, most of the times it is profitable to buy above the resistance and sell when price goes below the support level.

As the stock market podcast video goes, you will get to know about the mistakes traders do while looking at technical charts.

Most people fail in intraday trading because despite having accurate knowledge, people skip to use the logics and conditions for chart patterns and candlesticks. There are certain conditions to every technical chart pattern, therefore a trader must always trade when all the conditions are satisfied.

Umesh believes that fear sucks out the profit making opportunities and to overcome this fear, a trader should use trailing stop loss.

Best Intraday trading strategy for beginners:
1. Analyse the position of the price through support and resistance levels.
2. Look for chart patterns and candlesticks patterns.
3. Apply the logics and rules of the patterns.
4. Check for convergence through MACD indicator
5. Take a trade only after the formation of confirmation candle
6. Do not take a trade if MACD is indicating a divergence.
7. Put a stoploss systematically at the lowest price point of the period.
8. Exit when the EMA crossovers the SMA from above to below in the MACD.

Hope you enjoyed this conversation. Do provide your valuable feedback in the comments.

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Chapters:
00:00 Introduction of the stock market podcast
02:55 Intraday trading kya hoti hai?
05:25 Intraday trading me stocks kaise chune
11:10 How to check resistance level of a stock?
13:30 How to analyse stock for intraday trading?
15:30 Dark Cloud cover pattern
18:00 Things to consider while buying on resistance
19:30 Best indicator for intraday trading
20:05 Moving average convergence divergence MACD
22:35 Divergence kya hota hai?
27:25 Bullish harami pattern
28:40 Logics of candlestick patterns
38:00 Flag and pennant pattern
39:15 How much understanding do you need to make the right trade?
46:15 Mistakes of an intraday trader
50:00 End of the Stock market podcast

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