Your first step into Stock Market
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Your First Step in Intraday Trading
Day 1: Introduction To Intraday Trading
Overview of intraday trading and its significance 30 minutes
Understanding the difference between intraday trading and other trading styles
Risks and rewards of intraday trading
Setting realistic expectations
Day 2: Market Basics And Order Types
Why price moves up and down
Understanding market participants and their roles (buyers, sellers, market makers)
Introduction to market orders, limit orders, stop orders, and their functionalities
Exploring different order types and when to use each one
Key terms: bid, ask, spread, volume, liquidity
Day 3: Technical Analysis
Introduction to technical analysis and its importance in intraday trading
Key principles of technical analysis: trends, support and resistance, and chart patterns
Commonly used technical indicators: moving averages, oscillators, and volume analysis
Reading and analyzing intraday charts
Day 4: Fundamental Analysis
Basics of fundamental analysis in intraday trading
Factors to consider: news, earnings reports, economic indicators, and sector analysis
Identifying stocks with strong fundamentals
Using fundamental analysis in conjunction with technical analysis
Day 5: Risk Management And Trade Planning
Importance of risk management in intraday trading
Setting risk tolerance and position sizing
Stop-loss orders and profit targets
Developing a trade plan and sticking to it
Reviewing the week’s lessons and concepts
Risk Assessment and Review
Assessing risk and reward potential in different trades
Analyzing past trades and identifying areas for improvement
Creating a personalized trading plan
Day 6: Strategies And Techniques
Overview of popular intraday trading strategies: scalping, momentum trading, and breakout trading
Risk-reward ratio and probability-based trading
Trade entry and exit techniques
Practicing simulated trades
Day7 : Trading Psychology
Understanding the psychological aspects of intraday trading
Common biases and emotions that affect trading decisions
Techniques to manage emotions and maintain discipline
Developing a trading routine and mindset