BASIC INTRADAY TRADING TECHNIQUES

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You should know some of the ins and outs of day trading, let's look at some of the key techniques new day traders can use. Once you have mastered these techniques, developed your own personal trading style and set your end goals, you can employ a number of strategies to help you in your quest for profit. Although some of these techniques have been mentioned above, they are worth going back into.
Following the trend: Those who follow the trend buy when prices rise or sell short when prices fall. This is done on the assumption that prices, which have been steadily rising or falling, will continue to do so.
Contrarian investing: This strategy assumes that a rise in price will reverse and fall. The contrarian buys on a dip or sells short on a rise with the explicit expectation that the trend will change.
Scalping: This is a style in which a speculator takes advantage of small price gaps created by the bid-ask spread. This technique usually involves quickly entering and exiting a position in a matter of minutes or even seconds.
Trading the news: Investors using this strategy will buy when there is good news or sell short when there is bad news. This can lead to higher volatility, which can result in higher wins or losses.