Day Trading Techniques:
1. Buy near open price
If possible try to buy shares below open price, or at open price. Don’t buy shares if price is gone very high then open price, wait for the price to come down near open price and then buy that stock.
2. Check buying volumes
Before buying check out the buying and selling quantity (volumes). If buying volume started increasing then the stock may go up.
3. Check derivative status
If possible try to check out the derivative of the stock which you want to buy. If derivative of that particular stock is going up with increasing buying volumes then you can immediately grab (buy) that share/stock. Most of the time it is seen that if the derivative goes up, then its stock or share also goes up.
4. Wait for the target price to buy
For example, if buy is given at 150.5 then don’t buy below this price, only buy at 150.5 price or slightly higher then price. Because the given buy price may be the resistance price, if it breaks then share price goes up or else may not go up above 150.5. So plan to buy at given targeted price, don’t buy below target price.
5.Strictly maintain Stop Loss
6. Down wait for huge profit in single share/stock