Here, we will list some of the popular intraday trading strategies used by traders to make profits. The basic rules of the strategy will also be mentioned. While these strategies are successful most of the time, we cannot guarantee that they will always work. To ensure that you make a decent profit, it is advisable to carry out back-testing of these strategies on the stocks you will be choosing for your intraday trades. You should set a favourable risk to reward ratio of at least 1:2 or more to ensure profitability.
When taking intraday trades, it is preferred to set your candlestick charts to 5 minutes or 15 minutes.