In intraday trading, what is the margin facility?

Intraday trading, while being quite lucrative, can also be a risky proposition for those who are either not experienced enough or prepared enough. Here are some guidelines and rules for intraday trading that will help you to maximise your gains while minimising your losses and risk exposure.

One of the key day trading rules is to identify two or three large-cap stocks that are highly liquid and show signs of volatility. Liquid and predictably volatile stocks will help you benefit from price movements, and it is easy to sell such shares off in the market.
Conduct a thorough search plus technical and fundamental analysis of each security before trading them. Understanding charts and other stock indicators is an essential skill for a day trader.
Always set your entry and exit price points beforehand. This also includes deciding your risk-to-reward ratio before placing the order. As far as possible, stick to the pre-decided strategy throughout the duration of the trade.
Another important intraday rule is to manage your risks by using Stop Loss (SL) for each order you place to reduce your loss exposure.
Timing the market and diversification are useful as well. Usually, when the market opens and closes, the volatility is at its highest. If you are just starting out, mid-day might be a more stable time for you to trade. Furthermore, diversify across sectors and segments. Finally, start small and gradually increase your exposure after gaining more experience and confidence.