Intraday means ‘within the day. Hence, intraday trading refers to trading stocks and ETFs during regular trading hours within a single day. You can buy or sell shares within a short period, without having to undergo the tedious process of availing physical share certificates. Intraday trading works on the concept of price movement. You buy shares when the price is low and sell them when the price rises. The difference in both rates amounts to the profit earned.
Understand the difference between trading and investing
Trading and investing are completely different investing approaches. Understanding how long-term value and growth investment work does not make you inherently adept at intraday trading. The rationale applied behind picking long-term investment does not apply to picking stocks for day trading. Long-term investments are made with the intention of riding out day-to-day market volatility whereas day trading capitalises on market volatility to make a profit.
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