Today, intraday trading is one of the most popular trading practices to ensure an alternate source of income for beginners. However, as I have mentioned many times, it is not always profitable since it involves a higher risk factor.

There could be some time when you make money and some time when you lose money. My recommendation is to start intraday trading once you have enough technical knowledge and experience, but not until then.

Choosing your stock for day trading is the most important part of trading and day trading. Here are some tips for selecting stocks:

For day trading, choose stocks that are less volatile & liquid. Choosing high volatile stocks for intraday trading can easily trigger your stop-loss and result in a loss. It is possible to make faster profits with some stocks because they have good volumes & more liquidity.

To pick the right stocks for intraday trading, focus on liquidity, volatility, and volume.

1. Liquidity: Choose stocks with high trading volumes (e.g., large-cap or popular mid-cap stocks) to ensure easy entry and exit.

2. Volatility: Opt for stocks that show significant price movements, providing profit opportunities within short timeframes.

3. Volume & Momentum: Stocks with rising volumes and strong price momentum (breakouts or trends) are ideal for quick gains.

4. Sector & News: Track sector trends and breaking news, as earnings reports or economic events can drive sharp price swings.

5. Technical Analysis: Use indicators like RSI, MACD, and moving averages to identify entry and exit points.