What happens if you dont square off intraday?

If you sell the shares and do not square it off intraday, then it will result in short delivery and go into exchange auction. Such auction can result in huge losses to you. These are stocks where only delivery is permitted so if you buy these T2T stocks in the morning then you cannot square off these stocks intraday.

What happens if you forget to sell intraday shares?

If you forget to sell your stock before closing time in Intraday then market will automatically square off your account and difference amount will be given to you. Generally all positions are auto squared off by 3.15pm for stocks and 4.45 pm for currency.

How to avoid losses in intraday trading?

That is a recipe for losses in intraday trading. This is an essential part of your trading discipline, especially when you are trading intraday. You need to put limits on your maximum loss at various levels. Each trade must be accompanied by a stop loss. You must set limits for losses for every trading day.

How to become a successful intraday trader?

Trading discipline is critical because as an intraday trader, your primary focus must be to protect your capital and limit your losses. One of the basic reasons traders lose money in intraday trading is due to panic.

How to manage losses in trading?

You need to put limits on your maximum loss at various levels. Each trade must be accompanied by a stop loss. You must set limits for losses for every trading day. If the losses happen in the first hour, have the discipline to shut your trading terminal for the rest of the day.

What is intraday insurance and why is it important?

This is your insurance against trading losses. This is a common problem among a lot of intraday traders. When they incur a loss, they either try to average their position or try to overtrade aggressively to recover that loss. This will only lead to more losses. When you incur a loss, it means the trade was wrong.