Intraday trading is a very short term trading where positions are held for only a few minutes to few hours. All the positions are squared off on the same day.
Let's see some benefits of Intraday Trading
1. No Overnight Risk
Since all the positions are squared off the same day before the market close, there is no risk of huge gap ups and gap downs due to any overnight events.
2. Short Selling
You can take intraday short positions directly on stocks without futures or options to benefit from falling stock prices.
3. Low research time
Because it is a relatively short-term trade, traders may solely depend on technical analysis, which takes a lot less time.