If you are looking to buy stocks today, you must be aware of the risk that comes with intraday trading. There is a risk of losing your money in the event that the share price falls. It is advisable to set a stop-loss for your trades so that you can take delivery of the shares if you lose them. Many traders opt for delivery of the shares when the price of the stock drops below the target price.
One of the most crucial stages of an intraday trade is selecting the right stock. This is because the investment will only be worthwhile if you make a profit. It is best to invest in stocks with strong associations to key industries. Moreover, it is advisable to avoid stocks that are highly volatile and unstable.
