Top 13 Intraday Trading Rules To Follow For Successful Trading

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A lot of people have misconceptions about the stock market. They think that it is a place to get rich fast, but this is far from the truth. To make money in the stock market you need experience, knowledge and patience.

However, as a trader, you’re always going to come across situations where the market is moving in an unexpected way. The best thing you can do when this happens is to follow some intraday trading rules that will keep your account safe and profitable over time.

In this post, I am going to share with you my top rules for successful trading which will help you avoid costly mistakes and give you a good foundation for your future trades.

Best Intraday Trading rules are:

  1. Follow stop loss strictly
  2. Time your entry
  3. Positive Attitude is needed for successful intraday trading
  4. Learn from your losses as well as profits
  5. Do Trading as per Market Trend
  6. Maintain Daily Targets of both Profits and Losses
  7. Don’t Overtrade
  8. Do not use emergency money(for family)
  9. Build strength to tolerate losses to sustain in the market
  10. Do not involve emotions, Trade with your brains not your heart
  11. Always Take Gains
  12. Trust your Analysis
  13. Trade your Plan

Now let’s talk about each of the intraday trading rules in brief:

Follow Stop Loss Strictly

Follow stop loss

One of the most important rules to follow for successful trading is to strictly follow the stop loss. It means that before opening a position traders need to keep in mind the level of losses they can afford and then only open the position.

In this way, they always remain on the safe side and ensure that they do not lose more than their capacity.

Time your Entry

It is very important that a trader time his entry into the market as it will help to make profits around 80% of the time.

An experienced trader can time his entry as he has an idea about trading patterns in intraday and also he keeps on analysing the market movements before entering into any trade.

It is recommended not to enter the market in the first 30 minutes of the opening bell as it is a very volatile time. The market becomes calm after this time so it is a good time to start intraday trading.

Intraday traders should only enter a trade at the right time, this will helps them to make a quick profit by buying and selling in short duration trades.

Positive Attitude is needed for Successful Intraday Trading

A positive attitude is one of the very important Intraday trading rules because if a trader starts the day with positivity, he will be able to make the right decisions in the market.

A trader needs to have patience and he must not get panic even when there is a loss in the account. Losses are part of intraday trading and they should be taken positively.

Losses happen only when the trader is not able to make the right trading decisions so it is important that traders should always keep a positive attitude before starting intraday trade.

Learn from your Losses as well as Profits

In trading, you learn from your mistakes as well as profits. Intraday traders must learn from their Intraday trading mistakes, they should make note of mistakes they are doing while Intraday trading and try not to repeat those mistakes next time.

The major reason for losses in the market is not being able to control risk and greed or overconfidence which leads to the wrong entry points. You need to have a good understanding of the market movement before entering into a trade because it will save you from future losses.

They can also learn a lot from the Intraday trades which are successful and try to understand why these Intraday trades were successful.

Do Trading as per Market Trend

In intraday trading, it is important that traders follow the market trend if they want to make profitable transactions in the market.

Maintain Daily Targets of both Profits and Losses

The most important rule to follow for successful intraday trading is to maintain daily targets of both profits and losses.

While it’s definitely possible that you make a lot of money in one shot, it doesn’t happen often enough so traders need to have a daily profit and loss limit.

An ideal P&L target should be set between 0-2%.

Don’t Overtrade

Intraday traders must not overtrade, they must trade Intraday according to their risk tolerance. Overtrading is the major reason why a trader fails in Intraday trading.

Always trade with the proper management of money. According to an old saying; “He who is too busy earns no money”. So, a trader should not trade more than 1-3 trades per day.

Do not use Emergency Money(For Family)

Intraday trading rules

Intraday traders should not use emergency money for Intraday trading.

Intraday trading can be risky, so if you are using emergency money then this might lead you to unpredictable results and eventually may create a big hole in your pocket.

Build Strength to Tolerate Losses to Sustain in the Market

This is one of the most important intraday trading rules. Intraday traders must have patience and they shouldn’t trade with fear of loss.  You need to be strong enough to bear losses that are very common in Intraday trading.

When you want to invest your money into the share market then it is very important that you can tolerate any kind of loss because there are chances that you will lose your money at some times. So it is very important to be psychologically strong.

Do not Involve Emotions, Trade with your Brains not your Heart

When you are intraday trading, it is important that you remain calm. You should not involve your emotions in trading as many times during the day traders take a loss due to their greed or fear.

So, do not involve your emotions and trade with your brains only. When you keep emotions away from trading, you can easily make money in the market through intraday trading by making the right decisions.

Always Take Gains

One mistake that many traders make is that they hold on to their profits and never take them. If you have entered into a trade in the right direction, always remember to book your profits as soon as you can.

Trust your Analysis

Intraday trading is all about the analysis of the market. You have to keep a close watch on the market situation and make decisions accordingly.

Proper analysis helps traders in having accurate predictions which certainly increase the chances of making profits from intraday trading.

Trade your Plan

The first and foremost rule to follow in intraday trading is that traders should always trade their plan. For every trade, they need to have a predefined exit strategy.

Whether the trades are going well or not, the stop loss has to remain the same. They need to manage their fear and greed as it is the biggest enemy of a trader.


Intraday trading is all about understanding how the market moves and reacting appropriately. The best way to be successful in this type of trading is to follow the above rules for success.

Trading is a skill that can be learned. The more you practice, the better you will get at it and ultimately the higher your chances of success.

It doesn’t matter if you are a beginner or an experienced trader; the above guidelines can help anyone with their decisions and strategy.

I hope that this article has helped you. If you have any questions about anything I’ve talked about, please don’t hesitate to contact me!

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