If you want to double your amount then the only legal way of earning money is through stock market. Day trading is a process of trading in cash segment of NSE market. Here the traders are allowed to hold a position on the stock and release the position on the very same day within the trading hours of market. The day traders can grab the benefit of both rising as well as falling market. But, the positional traders or long term traders cannot hold their stocks for long duration to make profit from bullish trend. A day trader can sell short and make profit even from the falling stocks. If you are doing positional trading, then you can only do short selling in futures that requires high margin.
Those, who trade with discipline, get good returns. Each of us should learn how to handle the intraday fluctuations of the market. Few day trading strategies will help you in booking profits.
These days, people are attracted towards day trading as they feel that they can earn good in this segment of stock market. Day trading is the most beneficial trading segment. On the other hand, you cannot deny the fact that there is high risk in day trading.
This is so risky that about 90 percent of people suffer from loss. This statistic is very high but it is accurate.
The reason for failure is that people do not stick to one time horizon. You must keep in Always remember that sticking to one time horizon is the basic principle of trading. Being a long term trader, you must not close out loss-making trades the next day.
No matter, whether or not, you are experienced trader, you must take advice from some analysts so that you do not suffer from losses and you minimize the risk.