How to do Intraday Trading in Groww App?

Groww app offers a seamless way to beginners to start their trading journey thus attracting most of the Millenials towards it. But most of them face the challenge of beginning the trade. Are you one among them then here is the complete detail of how to do intraday trading in the Groww app.

Let’s delve inside to know more!!

How to Start Intraday Trading in Groww App?

Being a discount broker, and registered with NSE and BSE, Groww allows traders to do intraday trading in equity and currency. For this, it offers mobile and web trading platform, that further makes it easier for its clients to pick and analyze the stock for day trade.

Apart from this, the broker charges the minimum intraday trading charges that further give an opportunity to its traders to make more profit.

Now when it comes to starting intraday trading in the Groww app, one has to begin by opening a Demat account with the broker. Again targetting the young traders, it comes up with the app and features that make it easier for beginners to register and signup with the Groww.

It is a hardcore fact that trading in the share market is risky to buy; it is also true that the risk helps in generating profits in the industry.

So, therefore, to help out the traders, Groww offers training to help in gain hefty returns.

Hence, it is the right time to trade in intraday with Groww. For that, the following segment reveals the different procedures on how to do intraday trading in Groww app.

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How to Buy and Sell Stocks in Groww App? 

To start with intraday trading, the very first question that might revolve around the head is how to buy or sell the shares in the Groww app. Isn’t it? If yes, then do not fret as the following segments will cover the buying, selling, and stop-loss procedure in detail.

It is time to understand how to do intraday trading in the Groww app by placing the stop loss order before executing the order.

Therefore, to know more, let’s dive into the following segments for detailed information.

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How to Buy Stocks in Groww App? 

The very first step is to buy a stock of preference and start trading efficiently with the best trading platform of India offered by Groww.

To check the procedure of the same, let’s dive into the following steps:

• Login into the app through the credentials sent to you after opening an account with Groww.
• Select the stock of your preference, as here, HDFC Life Insurance is taken for the assumption.
• After selecting the stock, look at the charts and technical analysis of the stocks and click on the Buy button to execute the order.

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How to Sell Shares in Groww App?

Likewise, after gaining the expected profit, if you want to sell out the share that you bought, then you can go with the following steps through the Groww app.

• Select the stock you want to sell.
• Choose the Quantity if more than 1 share is bought of the same scrip.
• At last, it is time to click on the Sell button to execute the order.

Moreover, the traders can earn will the falling market too with short selling. But how? For that, let’s dive in!!

If you are thinking of short selling, then click on the stock you want to sell first and then select the Quantity (number of shares) you wish to sell and click on the Sell button. Hence, the order will get placed. 

After checking out the price of the same share that starts gaining again, it is the right time to exit the selling position and Buy the same share to complete the order of buying and selling the stock in intraday trading.

In short, short selling refers to the trading in which you sell out the shares first and then purchase them to complete the trading procedure.

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How to Put Stop Loss in Groww? 

To minimize the risk of facing losses on the intraday trades, it is an easier way that can help to exit the stock whenever the stocks start falling, and it is through the stop-loss order.

To check how you can place stop-loss orders in the Groww app, consider the following steps.

• Click on Advanced Option and select SL Order that defines Stop Loss order. Now click continue.
• A half window will appear on the screen that will ask to complete the pieces of information like the number of shares you want to purchase along with the Trigger Price on which you want to set the stop loss and then click on Buy to execute the order.

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Groww Intraday Charges 

Now, after grabbing the information on various segments, it is time to check the Groww Intraday Charges to gather more in-depth information on how to do intraday trading in Groww App. 

Therefore, the following table covers the different charges, including brokerage, margin, STT, and transaction charges, to get an erudition of the same.

 

Note that you need to close your intraday positions on or before closing time. If you fail to do it, then the stockbroker will auto-square it and you will be liable to pay Groww penalty charges of Rs. 50.

You can calculate all the above charges seamlessly using Groww intraday calculator. All you have to do is to enter the buy and sell value of shares along with quantity. You will get the detail of net brokerage along with the profit percentage.

 

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Conclusion 

To know the answer to how to do intraday trading in the Groww app, it will be beneficial to check the procedures that are mentioned above. 

Moreover, it is the right time to check the procedure of buying and selling the orders efficiently and go with stop loss to lessen down the risk of facing losses.

Hence, let’s start the trading journey with the Groww app, which provides a streamlined way of doing intraday trading for beginners. 

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Now start trading with the best broker by opening a Demat account online for FREE!

 

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