Buy Intraday Shares In Upstox App

Investing in the stock market has never been easier, thanks to modern trading apps that allow investors to buy and sell shares on the go. One of the most popular trading platforms in India is the Upstox app, known for its user-friendly interface, advanced features, and low brokerage fees. Intraday trading, in particular, has gained immense popularity among traders who want to capitalize on short-term market fluctuations.

In this blog post, we will dive into the step-by-step process of how to buy intraday shares in Upstox app. Whether you are a novice or a seasoned trader, understanding how to navigate Upstox’s platform for intraday trading will give you the tools you need to succeed in this fast-paced environment.

Intraday Trading in Upstox

Before jumping into the “how-to” of buying intraday shares in Upstox, it’s important to understand what intraday trading actually entails. Intraday trading refers to buying and selling shares within the same trading day. Unlike long-term investments, where traders hold onto stocks for an extended period, intraday traders seek to profit from short-term price movements. The aim is to close all open positions before the market closes for the day.

In the Upstox app, intraday trading can be performed in equity, commodities, and derivatives segments. This type of trading requires quick decision-making and a solid understanding of market trends, as profits and losses are realized within a single day. Now, let’s walk through the process of how to buy intraday shares in Upstox app.

Downloading and Setting Up the Upstox App

The first step to understanding how to buy intraday shares in Upstox app is to install the app itself. The Upstox app is available for both Android and iOS users. Here’s how you can download and set up the app:

• Visit the App Store or Google Play Store: Search for “Upstox Pro” and click “Install.”
• Open the app: Once installed, open the Upstox app and tap on “Sign Up.”
• Complete the KYC process: To start trading, you’ll need to complete the Know Your Customer (KYC) process by uploading documents such as your PAN card, Aadhar card, and bank account details.
• Link your bank account: For seamless trading, link your bank account to transfer funds into your Upstox account.
• Set up a trading PIN: This adds an additional layer of security to your account.

Once your account is verified, you’re ready to explore the app and begin trading.

Upstox Interface

Before diving into intraday trading, it’s crucial to understand the interface of the Upstox app. When you first log into the app, you’ll see several options like “Dashboard,” “Portfolio,” “Orders,” “Funds,” and “Market Watch.” Here’s a quick breakdown of the main sections relevant for intraday trading:

• Dashboard: Provides an overview of your holdings, total margin available, and recent transactions.
• Market Watch: This feature allows you to create multiple watchlists and monitor stock prices in real time. You can add stocks to your watchlist by searching for the stock symbol.
• Orders: Here you can see all your active, executed, and pending orders.
• Funds: Shows your available trading balance, where you can add or withdraw funds.

For intraday trading, the “Market Watch” and “Orders” tabs will be of most importance, as these will allow you to track stocks and place orders. Learning the layout is a key step in how to buy intraday shares in Upstox app.

Selecting Stocks for Intraday Trading

The next critical step in mastering how to buy intraday shares in Upstox app is stock selection. Choosing the right stocks is vital, as intraday trading depends on market volatility and liquidity. Here are some tips to help you pick stocks for intraday trading:

• High Liquidity: Look for stocks with high liquidity, which ensures you can enter and exit positions quickly. Stocks of well-known companies often have higher liquidity.
• Volatility: Intraday trading thrives on price movements, so choose stocks that show volatility. Avoid extremely volatile stocks that can wipe out your capital in minutes.
• Sector and Market Trends: Track industry trends and general market sentiment before selecting stocks. News announcements, earnings reports, and global events can drive short-term price movements.

Once you’ve identified a stock, you can add it to your “Market Watch” for continuous monitoring.

Placing an Intraday Buy Order

Now that you’ve selected a stock, it’s time to place a buy order. This is the heart of how to buy intraday shares in Upstox app. Follow these steps:

• Navigate to Market Watch: Open the “Market Watch” tab and find the stock you want to trade.
• Click on the Stock: Tap on the stock to open its detailed page, where you can see the stock chart, current price, and other relevant details.
• Click “Buy”: On the stock’s page, tap the “Buy” button.
• Select “Intraday”: When placing an order, you must select “Intraday” from the order type menu. This ensures your trade is marked for intraday, meaning you need to square off your position before market close.
• Enter Quantity and Price: Enter the quantity of shares you wish to purchase and set the price at which you’re willing to buy. You can also opt for a “Market Order” if you want to buy at the current market price.
• Review and Confirm: Review your order details and click “Confirm” to place the order.

Your order will be executed based on market conditions, and the stock will be added to your open positions.

Monitoring Your Positions

Intraday trading is all about timing. After placing your order, it’s important to continuously monitor your positions. In Upstox, you can do this by navigating to the “Orders” section. Here, you’ll see all your active positions, and you can monitor their performance in real time.

• Use charts and technical indicators: Upstox provides a variety of charting tools and technical indicators, such as Moving Averages, RSI, and MACD, which can help you make informed decisions on when to sell.
• Set price alerts: You can set price alerts for specific stocks to receive notifications when the stock hits your target price, making it easier to act promptly.

Monitoring positions effectively is an essential part of how to buy intraday shares in Upstox app and ensuring your trade closes in profit.

Exiting Your Intraday Position

In intraday trading, it is crucial to close all your open positions before the market closes to avoid penalties. Here’s how to exit your trade:

• Go to “Orders”: In the “Orders” section, find your active position.
• Click “Square Off”: Tap the “Square Off” button next to your position. This will initiate a sell order to close your position.
• Select Exit Price: You can either select a “Market Order” to exit at the current market price or set a specific price at which you want to sell.
• Confirm: Review the details and confirm the exit.

By doing this, you ensure that all your intraday positions are squared off, and no overnight positions are carried forward.

Understanding Risk Management

One of the most critical aspects of intraday trading is risk management. Because intraday trading involves fast market movements, even a slight price dip can lead to losses. Here are some strategies to help manage risk:

• Set a Stop-Loss: Always set a stop-loss to minimize potential losses. A stop-loss automatically sells your shares when they reach a certain price, preventing further losses.
• Don’t Overleverage: While Upstox offers margin trading, be cautious when using leverage, as it can amplify both profits and losses.
• Stick to a Plan: Set a target profit and stick to your trading plan. Greed and fear can derail even the best-laid plans, so it’s essential to stay disciplined.

These strategies will not only help you protect your capital but also ensure sustainable trading success. Understanding risk management is an integral part of learning how to buy intraday shares in Upstox app effectively.

Conclusion

Intraday trading in the Upstox app is a great way to take advantage of short-term price movements, but it requires precision, discipline, and a thorough understanding of the platform. By following the steps outlined above, you should have a clear roadmap for how to buy intraday shares in Upstox app, from setting up your account to selecting stocks, placing orders, and managing your trades.

If you’re ready to dive into the fast-paced world of intraday trading, give it a try and let me know how your experience goes. I’d love to hear your thoughts! Leave a comment below with any questions or tips you’ve learned along the way.