Friend,
I believe that the answer depends on the personality of the person who is trading. Like if you ask me, then it is definitely good and profitable. Because my personality likes day to day volatility and I do not like to keep the capital entangled in one asset for a long time.
But at the same time it is not right for the person with the following personality.
Like:
1) Such people who cannot take decisions in a hurry.
2) Such people who cannot always monitor the trade.
3) Such people whose age is more than 60 years. Because their risk appetite is low.
For some of the above mentioned people, intraday trading definitely cannot be called good and profitable.
Now the question arises that why do I do intraday myself.
1) This is my full time profession. Due to which I can give full time to the trade.
2) I believe that analyzing the price of a stock for one day will be more qualitative than for a long period.
3) It provides us bi-directional trading facility. That is, we can take trades in both directions of the market.
While trading it, my personal opinion is that intraday trading is really good and profitable but it only demands time, skill, experience from us. If we are able to give this much then there is nothing better than this.
Hope the post is useful for you
Thank you
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