Intraday Trading-Formulas and Rules

Intraday Trading is an alluring idea for traders to make quick money in stock markets. After all,who would not be interested in making some quick bucks in a matter of minutes or hours.So,it is quiet popular in a section of traders.Intraday trading or day trading, as the name is explanatory,is the process of taking long or short position in markets and squaring off ( exiting)  that position before the close of the market on the same day.Intraday traders take the advantage of the movement in the price of the stock or the index during the trading session.Movement can be small or significant.