How to Identify Stocks for Intraday Trading
In the world of stock trading, the saying "Buy Low-Sell High" holds true for value investing, but a different approach is required when it comes to intraday stock trading. With over 500+ stocks listed on the Pakistan Stock Exchange (PSX), it becomes a challenge to identify which stocks are going to trend in the market. Irrespective of a bullish or bearish market scenario, you will always find some 52-week high stock...
A Comprehensive Guide for Pakistan Stock Exchange (PSX) Traders In the world of stock trading, the saying "Buy Low-Sell High" holds true for value investing, but a different approach is required when it comes to intraday stock trading. With over 500+ stocks listed on the Pakistan Stock Exchange (PSX), it becomes a challenge to identify which stocks are going to trend in the market. Irrespective of a bullish or beari...
The key to success is swiftly identifying these trending stocks and capitalizing on their momentum. This can increase the probability of correct trades identified. In today's blog, let's delve into the art of identifying trending stocks and effectively riding the wave of their trend.
But before we move forward with intraday trading strategies, let's understand the basics of stock trading and the different types of trading.
What is Stock Trading? Buying and selling shares of a company listed on the stock exchanges in order to make a profit from the price movements in stocks is known as stock trading.
For example, Buying 100 shares of OGDC (Oil and Gas Development Company) @ PKR 150/share and selling them after one week @ PKR 155/share, making a profit of PKR 5/share or a total profit of (5*100) = PKR 500 is stock trading.