7 Intraday Trading Myths

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7 Intraday Trading Myths are based on my personal experience and the queries shared by the members of my YouTube channel. A myth is far from reality and in this video, i will share facts about Intraday Trading Myths. Here, i am not encouraging viewers for day trading. However, if you are profitable in Intraday Trading then you should definitely ignore these myths.

1. You have to day trade daily: It will result in a heavy loss. You should trade only if your reliable intraday trading system gives a trade signal. You should not take exception of rules related to day trading.

2. Penny stocks and highly volatile stocks are best suited for Intraday trading: It depends on your risk appetite. If you don’t want to take the risk then trade in low volatility stocks.

3. You cannot become rich by from Intraday Trading: There are large no of successful intraday traders and i can give my example.

4. There are short opportunities also. However, most of the traders focus only on the buy or long positions during intraday.

5. As a part-time trader, I can do Intraday Trading: With highly volatile market after weekly expiry now it is not possible.

6. I can be only Intraday Trader: This strategy might not work always. You should master in at least 2 trading styles.

7. Intraday trading is best to earn money: This myth is made popular by brokers who earn more brokerage from Intraday. Also, you should be beware of people whose code you used to open a demat account as they get more commission more you trade.