Intraday trading in India got a boost after rolling settlements were introduced in 2001. Under the T+2 rolling settlement, when you buy or sell a stock you have the opportunity to cover the position the same day. If you fail to do so, then you have to compulsorily either take delivery of shares or give delivery. An intraday trader prefers not to bother the demat account since intraday trades are squared off and the net position is zero.

It works both ways; you can buy and sell the stock by end of the day or you can sell and buy back the shares on the same trading day. Intraday trading is obviously a leveraged game. That means your broker will allow you to take a trading position that is a multiple of your margin money in the trading account. To that extent, it is more risky and requires a different set of skills and mental make-up compared to delivery trading. What can make you successful in intraday trading?