Intraday refers to the buying and selling of stocks or other securities within the same trading day. In other words, it involves opening and closing a position in the stock market within a single trading day, without holding onto the securities overnight. Intraday traders buy and sell securities with the objective of making a profit from the short-term price movements of the securities.
Intraday trading can be done in various financial instruments such as stocks, futures, options, and currencies. Intraday traders use technical analysis, fundamental analysis, and other tools to identify short-term trading opportunities and make quick decisions based on market trends and news.
Intraday trading involves high levels of risk as the market can be highly volatile and unpredictable, and traders can take losses if they do not manage their positions properly. It requires a lot of discipline, focus, and a good understanding of the market and the securities being traded. It is important for traders to have a well-defined trading strategy, risk management plan, and sound knowledge of the trading platform and tools.