It is generally noticed that a low daily volume of traded stocks is expected move in an doubtful way. Sometimes, the stock may show volatility even after the report of the big news. Traders are recommended to avoid intraday trading in such stocks.
An intraday tip for choosing the right stock is to opt for those that have a high correlation with major sectors and indices. This means when the index or the sector sees an upward movement, the stock price also increases. Stocks that move about according to the opinion of the group are reliable and often follow the expected movement of the sector.
One of the most important intraday trading tips is to remember that moving with the trend is always beneficial. During a bull run in the stock market, traders must try to identify stocks that can potentially rise. On the other hand, during the bear run, finding stocks that are likely to decline is advisable.
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