7 Intraday Trading Strategies That Actually Work

7 Intraday
Trading
Strategies
That Actually
Work (2021)
Do you want to discover the best strategies for intraday trading tactics used
by experienced traders? This guide will show you how to get started with
effective intraday trading strategies for 2021.
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Intraday trading generally requires a specific skillset.
You must be able to work under duress, have a solid trading plan, and be
prepared to take losses in order to succeed.
Intraday trading needs patience and the ability to look at the big picture
rather than fixating on a single transaction.
Basic and advanced intraday trading techniques are included in this intraday
trading guide.
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Before we get into the best intraday trading tactics, here are a few intraday
trading pointers to help you make the best decision.
Intraday Trading Tips
Trade Only Liquid Stocks
Intraday trading refers to purchasing and selling stocks or other shares until
the market closes on the same day.
Choose two to three large-cap stocks with high liquidity for intraday trading.
Stocks in the small to mid-cap range with poor liquidity can be avoided.
We advise against investing your whole portfolio in a single stock.
Spreading the intraday positions through 2-3 separate stocks is a good idea.
This will help you balance your intraday trading strategy while still lowering
risk.
Correct Entry & Exit
You must first settle on your entry level and target price before placing the
purchase order.
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Give it some consideration before you make a deal so you don't regret it later.
Stop-Loss
It's quite possible that the stock you chose to buy at a certain price would fall
rather than rise on the day you trade.
Before you square off your spot, you must first decide how far the stock will
go.
It's also important to keep track of each trade's benefit and loss.
Never trade in the opposite direction of the market trend.
Trading in the opposite direction of the price movement is never a good idea.
Many experienced traders advise trading in the direction of the trend.
‘Let the trend be your friend.'
To make trading less frustrating, use a quick trading strategy.
Let's just get this going!
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Understanding The Best

Intraday Trading
Strategies
Some of the most popular intraday trading strategies are as follows:
1. Opening Range Breakout Strategy (ORB)
The ORB (Opening Range Breakout) strategy has become very common
among traders.
The Opening Range Breakout, also known as the Early Morning Range
Breakout, is considered by the majority of traders to be their livelihood.
The opening range breakout helps in the construction of a sound trading

plan by signalling an exact entry point.
Bear in mind, however, that making money using this trading approach
requires skill and skills.
2. News-driven intraday trading strategy
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News-based trading is one of the most common types of day trading.
Traders that use this strategy do not rely on the technical chart; instead, they
wait for facts to move the market.
This information may provide the following:
A company's announcement of new goods or profits, or even a rumour of

what may or may not happen in the industry.
Traders who excel at this approach aren't really specialists on fundamental

research, but they certainly understand how news can impact asset prices.
3. Momentum Trading Strategy
Look for ways to benefit from market fluctuations.
This is one of the most profitable intraday trading strategies.
It's an intraday strategy in which traders identify stocks that are supposed to
rise or fall on a consistent basis.
Traders purchase these stocks right before making a move and hold them
until the price ceases going in the desired direction.
4. Trading Strategy for Breakouts
5
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Breakouts occur as the price of a security reaches a predetermined threshold

on the map with an increased amount.
Benefit from support/resistance breakouts as well as high/low breakouts.
An investor enters a long position after the stock breaks above the resistance
level.
You can enter a short position if the stock breaks below the support level.
5. Intraday Scalping Strategies
Scalping is a form of trading that focuses on achieving quick and simple

profits.
Traders concentrate on profiting from small market fluctuations, taking gains

as soon as a transaction becomes lucrative.
A scalper buys in big amounts and sells for a modest profit.
To avoid a large failure that could wipe out millions of lucrative transactions, a
scalper must stick to their trading scheme faithfully.
Scalping can be done with a stochastic oscillator, moving average, parabolic

SAR, or the RSI.
6. Trading Strategies for Crossovers
6
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Moving averages (MAs) are a standard technical research methodology that

averages out market gaps into a single line.
Despite being a lagging indicator, MA lines can be used to estimate both the
overall market pattern and potential reversals.
Moving averages can also serve as levels of reinforcement and resistance.
MAs are both measures and the foundation for other helpful approaches such
as MACD.
A 20-period SMA row, for example, will be calculated by adding the last 20
closing prices and dividing by the number of periods (20).
7. Intraday Trading Strategies Using Pivot Points
Pivot trading is a form of trading that employs pivot points. Pivot trading is
beneficial to both intraday and swing trading.
Pivot points can be seen in both equity and asset markets.
Traders use pivot points to determine the field of support and resistance.
The pivot point, on the other hand, is the main source of reinforcement and
resistance.
Last Thoughts
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In this article, we went through the seven intraday trading strategies.
Here are a few key points to keep in mind from this article:
Intraday trades are those in which the buying and sale of goods and services
occurs on the same day.

7 Intraday Trading Strategies That Actually Work

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7 Intraday

Intraday trading generally requires a specific skillset.

Intraday Trading Tips

Trade Only Liquid Stocks

We advise against investing your whole portfolio in a single stock.

Correct Entry & Exit

Never trade in the opposite direction of the market trend.

Many experienced traders advise trading in the direction of the trend.

‘Let the trend be your friend.'

To make trading less frustrating, use a quick trading strategy.

Let's just get this going!

Understanding The Best

1. Opening Range Breakout Strategy (ORB)

The opening range breakout helps in the construction of a sound trading

2. News-driven intraday trading strategy

News-based trading is one of the most common types of day trading.

This information may provide the following:

A company's announcement of new goods or profits, or even a rumour of

Traders who excel at this approach aren't really specialists on fundamental

3. Momentum Trading Strategy

Look for ways to benefit from market fluctuations.

This is one of the most profitable intraday trading strategies.

4. Trading Strategy for Breakouts

Breakouts occur as the price of a security reaches a predetermined threshold

Benefit from support/resistance breakouts as well as high/low breakouts.

5. Intraday Scalping Strategies

Scalping is a form of trading that focuses on achieving quick and simple

Traders concentrate on profiting from small market fluctuations, taking gains

A scalper buys in big amounts and sells for a modest profit.

Scalping can be done with a stochastic oscillator, moving average, parabolic

6. Trading Strategies for Crossovers

Moving averages (MAs) are a standard technical research methodology that

Moving averages can also serve as levels of reinforcement and resistance.

7. Intraday Trading Strategies Using Pivot Points

Pivot points can be seen in both equity and asset markets.

In this article, we went through the seven intraday trading strategies.

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