What are some of the top basic day trading tips for beginners?

The following are the basic intraday trading tips for beginners.

Pick the right market: Always pick the market you understand—whether equity, commodity or currency.
Pick right security: Choose a stock or a commodity which has high liquidity. You also need to be aware of any news triggers for the selected security to make a profitable trade.
Fix entry/exit price beforehand: Before you process your order, decide at what price you want to enter the trade. This will help you reduce mistakes. Similarly, always exit trade once price reaches the target.
Have a stop loss: If the price is not moving according to your prediction, having a stop loss cuts your losses before it becomes too big. Always exit your trade one stop loss is breached.
Get the timing right: Pick a suitable time to trade. Early in the day and in the last hour, volatility is very high. For beginners, trading around the noon can be best time to trade. Diversify: Never put all eggs in a single basket. Trade with a small portion of your capital or bet on more than one security. Then, in case one trade goes bad, you won’t lose your entire capital.
Learn to read charts: Most trading is done after doing a technical analysis of a security. It is better to have a basic understanding of common charts and patterns to make a profitable trade.