What is Intraday Trading?
As the word suggests, Intraday means "within the day." In the financial world, the term is used to describe securities that trade on the markets during regular business hours. These securities include stocks and ETFs.
If you have the skill, knowledge and sheer confidence to pull these trades off, you can make quick profits, online traditional investing.
Can You Do Intraday Trading on Smallcase?
Technically, since the smallcase is just a basket of whatever you wish to put in it, you can buy or sell securities within the same day via your smallcase, although it is not advised.
Brokerage charges and subsequent short-term capital gains taxes will cut away at your gains, assuming you even make them.
Is Smallcase Meant for the Long Run?
Yes, it is as it compounds over time, absorbing any short-term losses that might incur if you are a trader
The longer you remain invested in sound, fundamentally strong shares, the larger your wealth expansion is
You end up paying much lesser in brokerage fees as you buy and hold, instead of transacting constantly, chipping at your profits
If you’re not a Khatron Ke Khiladi, invest in smallcase with no hurry (we tried)!
Congratulations! You made it to the end of the blog. Check out these cool themes we’ve created on smallcase that are bound to make you money!