Intraday trading is a popular trading method among traders. It involves buying and selling orders within the same trading day. In this article, we will discuss How to do intraday trading in Upstox.
Upstox is a popular discount broker in India, which is currently competing with Zerodha. Like Zerodha, Upstox also provides intraday trading apps and web software that allows its users to intraday trading with the low brokerage.
Is intraday trading possible in Upstox?
Yes, Upstox allows intraday trading in Upstox. Upstox is a popular online brokerage platform in India like Zerodha that allows traders and investors to buy and sell stocks, commodities, and other financial instruments within the same trading day.
Let’s understand How To Do Intraday Trading in Upstox.
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How do I activate intraday options trading in Upstox?
Step 1: Log in to the Upstox app using your 6-digit PIN or Biometrics.
Step 2: Once you log in, click on ‘Account’ and then ‘My Account
Step 3: Click on ‘Profile’
Step 4: Click on ‘My trading segment’ under the ‘Profile’ option. A new “segment activation page” will open.
Step 5: Click on ‘Enable segment’ for the segment you want to activate.
Step 6: You can upload any one of the documents to verify your income.
Step 7: Once you have selected the income proof document, click on ‘Continue’ to upload the document.
Step 8: After the document is uploaded, review your document and click on ‘Continue’
Step 9: A confirmation page will open, where you have to enter the 6-digit OTP sent to your registered email id and mobile number to activate your segment. Now, click on ‘Continue’ and your request will be submitted successfully.
Note: After submitting a request, it will take about 24-48 working hours to activate the option segment. You will get the update on your registered email id and mobile number.
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How to do intraday trading in Upstox?
Step 1: Open an account with Upstox and Download the Upstox App
The first step of how to do intraday trading in Upstox is to open an account with Upstox. And, download the Upstox app.
Step 2: Add funds to the upstox app
The next step is to transfer funds to your Upstox trading account from your linked bank account. You can utilize your funds along with the margin for intraday trading.
Step 3: Select the stocks
Do your research fundamentally and technically and select stocks for trading. Focus on those with high liquidity and volatility, as these are suitable for intraday trading. Also, use Upstox’s charting tools, candlestick charts, line charts, and technical indicators to identify trends, support, and resistance levels, and potential entry and exit points.
Step 4: Place buy and sell orders
Place Buy Order: Once you’ve analyzed the stock and identified an entry point, place a buy order. Upstox platform provides you the option to choose between a market order or a limit order.
Place Sell Order: Just like the buy order, you can set a target price for your profits and a stop-loss price to limit potential losses.
Step 5: Monitor your Trades
Track your trade positions through Upstox’s real-time market data to help you make timely decisions.
How do I buy and sell in Upstox intraday?
Step 1: Search the stock you want to buy and add that in your watchlist.
Step 2: Click on the stock you want to trade and then click on Buy or Sell to view the order entry screen.
Step 3: Enter the required details such as Quantity, Price, Trigger Price, etc.
Step 4: Click on ‘Review buy order’ or ‘Review sell order’ to view the Order Summary or you can just swipe to place your order.
Step 5: On the order summary screen, click on ‘Submit order’ to place your order.
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What are upstox brokerage charges?
| Account Type | Upstox |
| Equity Delivery | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 20 per executed order |
Conclusion on How to Do Intraday Trading in Upstox
Hope you get answer of “How to Do Intraday Trading in Upstox.” However, it’s important to remember that intraday trading carries inherent risks. Therefore. always trade with a well-defined strategy, manage your risk effectively to become a successful intraday trader on the Upstox platform.
If you have any questions, do comment. I’ll reply as soon as possible.
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