Intraday trading is done to accumulate more profit.
Today i will share one example for educational purpose:
We are long in jspl @ 194.75
- So today sold 1 lot @ 193.05 was we expected gap up opening and immediately sold by 9:16am
- since we have sold intraday we will buy back and hence kept price for buy back @ 189.85
- idea is simple.... to bring the costing down and still be in the long position.
We have been doing this almost everyday in most of the stock to maximise our profit to loss ratio.