Is intraday trading profitable?

Yes Intraday is profitable and also risky but you need to understand the advantages and disadvantages of this technique

Advantage:

  1. Less margin is required to trade compared to delivery trading.
  2. No worries about the influence of global news over next day, you can sleep peacefully, without worrying about events like BREXIT as you dont have any holdings.
  3. You can capture small movement lot of time and make money on each small movement.

Disadvantages:

  1. you cannot hold the gains for next day even if you are expecting the market to go in your way next day.
  2. you cannot get dividend benefits
  3. you cannot hold losses to cut back in coming time.

Every trader has his/her unique style, some prefer swing trades while some prefer intraday and others prefer combination of both.

you need to decide which style suits you and then trade accordingly.

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