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Intraday Trading - can it replace your regular income source?
Intraday trading involves buying and selling of stocks within the same trading day. i.e., the orders (buy and sell) are squared off before the end of the trading day.
An intraday trader typically has 5-6 hours a day to complete both buying and selling. So, it is advisable for investors who are self-driven, knowledgeable, ready to take risks, and ready to trade with profit and loss limits.
Replacing the regular income source with intraday trading is quite difficult and mostly not advisable.