Best Intraday Trading Strategies

Momentum Strategy
As the name suggests, the basis of this strategy for intraday trading is to make the most of the momentum in the market. This involves tracking the right stocks before a significant market trend changes. As a result, it is one of the best intraday strategy to go for.

Based on this change, traders buy or sell securities. The choice of stock depends on the latest news, the announcement of takeovers, quarterly earnings, and more.

Thus, intraday traders must study such news regarding stocks on their watchlist and place buying or selling orders accordingly. Moreover, since share prices fluctuate owing to various external factors, intraday traders must make quick decisions to earn returns.

The duration for which individuals hold the shares depends on the market's momentum.

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