Easy Intraday Trading with Quick Account Opening

Day trading can be challenging as it involves more risk than long-term trading. The capital required to make a significant amount of profit is also higher compared to long-term trading or delivery trading. It can be complicated for beginners to process tons of data and create a profitable trading strategy. It’s advisable for new investors to start with paper trading, create and perfect trading strategies, rather than blindly carrying out day trading and incurring huge amounts of losses.

With the help of margin, intraday traders can borrow some money to amplify profits. There are certain rules and guidelines associated with margin trading imposed by the Securities and Exchange Board of India (SEBI). According to SEBI, the initial margin must be equal to less than 50% of the executed trade, while the investor must have at least 40% of the market value as a maintenance margin. Margins can be a boon for traders if used wisely, or they can become a bane if no proper research is done and precautions aren’t taken.

Intraday profits are taxed as per the income slab of the traders. The gains from intraday trading are part of business income. There is no specific tax rate or tax bracket for business income or intraday trading profits. The profits made are added to your overall income, which will place you in the tax slab for which you have to pay tax accordingly.

Anyone can carry out intraday trading. There are no strict regulations prohibiting traders from doing so, although it is advisable that beginners not engage in intraday trading. There are a lot of risks involved, and intraday traders must be capable of taking on this risk. They should also be able to put in the time and effort required to analyze and strategize all the trades. Intraday trading comes with high risk but provides high rewards; hence traders capable of taking this risk should participate in intraday trading.

Self-generated intraday trades are buy and sell orders placed by traders through online platforms.

There is no limit in terms of the quantity of trades you carry out. You can trade for whichever amount you wish to carry out for intraday trading. The limitation you might face is the amount of leverage you can use based on the value of the trade you wish to undertake. As per intraday trading, you cannot hold on to shares till the next day and must square off your positions on the same day.

It’s not possible to hold on to shares till the next day in intraday trading. You will have to square off your position before the market closes. In case you fail to do so, your broker has set a perfect time at which your position will be squared off automatically. If you wish to hold on to the shares, you can convert them to delivery trade. Some brokers do so automatically in case they don’t square off your position. As per intraday trading, you cannot carry forward your shares to the next day unless you wish to change it to delivery trading.

There is no limit on the amount you choose to use for intraday trading. However, there are restrictions on margin trading that limit the amount of risk exposure a trader can take on in a day. This limit is to benefit traders and ensure that they don’t face huge losses due to unforeseen circumstances. Margin trading can drastically boost profits, but one must use it wisely as it can also amplify losses.

For intraday trading, you must square off your position before the market closes. In the event you don’t do so, it depends on your stockbroker as to what happens to your position. Your broker can square off your position at a specific time before the market closes. Apart from this, your broker can convert your position into a delivery trade, giving you ownership of the shares and adding them to your investment portfolio. You can choose to take a long position or sell it the next day. Based on your strategy, you must choose a broker who will either square off your position or gives you ownership and help you generate the profits you aim to gain.

Intraday trading is when a trader buys and sells a particular asset in one single trading day. The delivery of the asset is not taken, and returns are booked on the same trading day. There are no such penalties in intraday trading. Although you should ensure you’re not carrying out any unfair practices that could lead to you facing a penalty.

Intraday trading is a method of buying & selling stocks on the same day. In contrast, delivery trading refers to buying and holding this stock on a Demat account for a longer duration. Each trading has its advantages and disadvantages. Depending on your risk profile and financial goal, you can trade what works best.

A stop loss is a buy/sell order set according to the trader’s preference. Suppose you have purchased 10 shares for Rs.55/- and place a stop loss for selling these shares at Rs.50/-. Therefore when the share hits the price of Rs.50/-, the order will automatically be executed and save you from further losses.

In intraday trading, you need to look for stocks that have some volatility in the stock market. You need to check if the stock has better liquidity or not. It’s better to enter into intraday trading with proper research and analysis rather than blindly investing in stocks.

For intraday trading, Share India offers low brokerage and flat fees of Rs.10/- per order or 0.03% of overall turnover, whichever is lower.

Yes, you can buy and sell any shares in intraday trading.

You cannot hold shares for another day at intraday trading. In intraday trading, you must sell or square off your position on the same day. If you hold these shares, your shares will be converted as delivery trade, and then you can hold these shares as long as you want.