Intraday trading refers to the style of short-term trading where the trader buys or sells a stock and then squares off the position on the same day before the market closes. For instance, a trader may buy a stock at ₹100 at 10:00am and then sell it off at ₹103 by 10:30am. The objective of intraday trading is not to invest for the long term but to trade for quick gains. The biggest advantage that traders see in intraday trading is that it does not block the capital after the market closes for the day. Further, not taking positions overnight also helps in eliminating risks of unfavourable opening on the next day. Meanwhile, one of the disadvantages of intraday trading is that it gives very little time (only a day) for the position to become profitable. Courtsey : Upstox (start Karke Dekho) For more about Upstox - Read more....
6. Cloned Support Teams Exchanges and Wallet companies often have a telegram channel where their support team help their customers on various run-time issues. These groups are a place where support teams actively chat with the users and try to get a solution to their problems. Some individuals with vicious mind clone specific individuals from the support team by creating a fake account by their name and using their profile picture. These people try to cheat individuals in the group by asking them to transfer cryptocurrencies or to participate in some sort of trade with them. How to Avoid This: Only reach out to admins in the group for your problems. Even if the profile looks similar, crosscheck the number and their identity. Never transfer cryptocurrencies to unknown group members. Courtesy : COIN SWITCH - KUBER. Cryptocurreny Exchange of India. Next >>>>>
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