Best Broker for Intraday Trading: Supercharge Your Success with Top-Notch Platforms

Intraday trading, also known as day trading, is a type of stock trading where traders open and close their positions on the same day. The goal of intraday trading is to make profits by taking advantage of small price movements within a trading day.

Intraday trading is an important aspect of stock trading because it allows traders to make quick profits and avoid overnight market risks. It also provides traders with an opportunity to learn how to trade stocks, develop trading strategies, and manage risk.

Selecting the best broker for intraday trading is crucial for success in the stock market. A good broker can provide traders with access to the right trading platforms, trading software, trading apps, and trading fees. They can also offer trading tips, trading rules, and trading courses.

When choosing a broker for intraday trading, it is important to consider several factors. These include the broker’s trading fees, trading software, trading platforms, trading tips, and trading courses. Traders should also look for a broker that provides fast and reliable trade executions and has a good reputation in the industry.

The purpose of this blog is to provide traders with an in-depth understanding of intraday trading and how to choose the best broker for intraday trading. The blog will cover various topics related to intraday trading, including intraday trading strategies, intraday trading tips, and intraday trading rules. It will also provide a comparison of intraday trading platforms and reviews of intraday trading brokers.

Intraday Trading for Beginners

Intraday trading, also known as day trading, is a popular form of stock trading where traders buy and sell stocks within the same trading day. It involves taking advantage of short-term price fluctuations to make quick profits. For beginners entering the world of intraday trading, understanding key concepts, terminology, and adopting effective strategies is essential. This section aims to provide valuable insights into intraday trading, along with useful tips for beginners.

Key Concepts and Terminology

1. Day Trading: Day trading refers to the practice of buying and selling financial instruments, such as stocks, within the same trading day. It aims to capitalize on short-term price movements rather than long-term investments.
2. Stock Trading: Stock trading involves buying and selling shares of publicly traded companies. Intraday traders focus on short-term price movements to generate profits.
3. Online Trading: Online trading enables traders to buy and sell stocks through electronic platforms provided by brokerage firms. It offers convenience and real-time access to markets.

Tips for Beginners in Intraday Trading

1. Choose the Best Broker for Intraday Trading: Selecting the right broker is crucial for intraday trading success. Look for brokers that offer competitive trading fees, reliable trading platforms, and fast execution. Conduct thorough research and compare top intraday trading brokers to make an informed decision.
2. Develop Intraday Trading Strategies: Successful intraday traders rely on well-defined trading strategies. These strategies outline entry and exit points, risk management techniques, and position sizing. Explore various intraday trading strategies to find one that suits your trading style.
3. Utilize Trading Software and Apps: Trading software and apps provide valuable tools for intraday traders. They offer real-time market data, charting capabilities, technical analysis indicators, and order placement functionality. Choose reliable and user-friendly trading software or apps to enhance your trading experience.
4. Understand Trading Fees: Familiarize yourself with the trading fees charged by brokers. These fees can include commissions, spreads, and other transaction costs. Compare intraday trading fees among different brokers to optimize your trading costs.
5. Educate Yourself: Continuous learning is essential for successful intraday trading. Explore intraday trading courses, books, and tutorials to gain knowledge and improve your trading skills. Understand technical analysis, chart patterns, and indicators to make informed trading decisions.
6. Follow Intraday Trading Rules: Establishing trading rules is crucial for discipline and risk management. Set profit targets and stop-loss levels for each trade. Stick to your trading plan and avoid impulsive decisions based on emotions.

Intraday Trading Resources and Related Search Terms

1. Intraday Trading Platforms Comparison: When selecting a trading platform, compare features, usability, and reliability. Consider factors like order execution speed, charting tools, and market research capabilities. [Reference: URL]
2. Intraday Trading Broker Reviews: Read reviews and feedback from experienced traders to gain insights into various brokers. Consider factors like customer support, trading fees, and platform stability before choosing a broker.
3. Intraday Trading Demo: Many brokers offer demo accounts where beginners can practice trading without risking real money. Utilize these demos to familiarize yourself with the trading platform and test your strategies.
4. Intraday Trading Charts: Intraday traders heavily rely on charts for technical analysis. Use intraday trading charts to identify trends, support and resistance levels, and potential trade setups.
5. Intraday Trading Fees Comparison: Compare the trading fees charged by different brokers to find the most cost-effective option. Look beyond commissions and consider other factors like spreads and overnight fees.
6. Intraday Trading Software Review: Research and review different intraday trading software options. Consider factors like reliability, ease of use, and compatibility with your trading style and goals
7. Intraday Trading Indicators: Technical analysis indicators can assist in making trading decisions. Common indicators for intraday trading include moving averages, relative strength index (RSI), and Bollinger Bands. Learn how to interpret and use these indicators effectively.
8. Intraday Trading Strategies: Explore various intraday trading strategies, such as momentum trading, breakout trading, and scalping. Each strategy has its own approach to identifying trade opportunities and managing risk. Choose a strategy that aligns with your trading style and risk tolerance.
9. Intraday Trading Technical Analysis: Technical analysis involves studying historical price patterns, trends, and chart formations to predict future price movements. Learn technical analysis techniques like support and resistance, trendlines, and candlestick patterns.
10. Intraday Trading Books: Consider reading books written by experienced traders to gain insights and knowledge. Look for books that cover intraday trading strategies, risk management, and psychology.
11. Intraday Trading Courses: Enrolling in intraday trading courses can provide structured learning and guidance. Look for courses that cover topics like technical analysis, risk management, and trade execution.
12. Intraday Trading for Beginners: Beginners should focus on learning the basics of intraday trading, including terminology, order types, and risk management. Start with small positions and gradually increase your exposure as you gain experience.
13. Intraday Trading Stocks: Choose stocks that are highly liquid and have sufficient trading volume for intraday trading. Focus on stocks that exhibit volatility and offer potential trading opportunities.
14. Intraday Trading vs. Delivery: Intraday trading differs from delivery-based trading, where investors hold stocks for an extended period. Intraday traders aim to profit from short-term price movements, while delivery-based traders focus on long-term investments.
15. Intraday Trading Fees: Consider trading fees, including commissions, spreads, and platform fees, when calculating potential profits and losses. Compare the fees charged by different brokers to find the most cost-effective option.

Intraday Trading around the World

Intraday trading is popular globally, including in countries like India, the UK, and the USA. Each country may have specific regulations and requirements for intraday trading. Research and understand the regulations relevant to your country of residence.

Intraday Trading and Cryptocurrency

Intraday trading also extends to the world of cryptocurrency. Traders can engage in intraday trading of cryptocurrencies like Bitcoin, Ethereum, and others. However, it’s important to note that the cryptocurrency market is highly volatile and carries its own set of risks.

Choosing the Best Broker: Factors to Consider

Intraday trading is a type of day trading where traders buy and sell securities within the same trading day. It requires a lot of skill, knowledge, and practice to be successful. One of the most important decisions for an intraday trader is choosing the best broker. In this section, we will discuss the essential factors to consider when selecting a broker for intraday trading.

Trading Platforms and Software

The trading platform and software are the most critical aspects of intraday trading. It is essential to choose a broker that offers a stable and reliable trading platform that allows you to execute trades quickly. The platform should also offer advanced trading tools, such as intraday trading indicators and charts, to help you make informed trading decisions.

Trading Fees and Commission Structure

Trading fees and commissions can have a significant impact on your intraday trading profits. It is crucial to choose a broker with a competitive fee structure that does not eat into your profits. You should also consider the commission structure, such as whether it is a flat fee or a percentage of the trade value.

Demo Accounts and Educational Resources

Demo accounts and educational resources are essential for intraday traders, especially beginners. A broker that offers a demo account allows you to practice trading strategies and techniques without risking real money. It is also important to choose a broker that provides educational resources, such as trading courses, tutorials, and webinars, to help you improve your trading skills.

Customer Support and Reliability

Intraday trading requires quick and reliable customer support. You should choose a broker that offers excellent customer support, such as live chat, phone support, and email support. It is also important to choose a broker that is reliable and has a good track record.

Best Intraday Trading Apps and Platforms

If you’re an intraday trader, you know how important it is to have the right tools at your disposal. Intraday trading requires speed, accuracy, and precision. To help you make informed decisions, we have compiled a list of the best intraday trading apps and platforms. In this review, we will provide an in-depth analysis of their features, functionalities, and user-friendliness. We will also compare trading apps for different devices (mobile, desktop, web) to help you choose the best one for your needs.

Best Broker for Intraday Trading

First and foremost, let’s talk about the best broker for intraday trading. While there are many brokers to choose from, we recommend considering brokers with low trading fees and reliable platforms. Some of the top intraday trading brokers include Zerodha, Upstox, and Angel Broking. These brokers offer competitive trading fees, advanced trading platforms, and excellent customer service.

Intraday Trading Apps

Now let’s move on to the best intraday trading apps. Intraday trading apps are a convenient way to trade on-the-go. Some of the best intraday trading apps include Zerodha Kite, Upstox Pro, and Angel Broking App. These apps are user-friendly and offer advanced features such as technical analysis tools, real-time market data, and customizable dashboards.

Intraday Trading Platforms

Intraday trading platforms are another important tool for intraday traders. These platforms offer a wide range of features and functionalities to help traders make informed decisions. Some of the best intraday trading platforms include Zerodha Pi, Upstox Pro Web, and Angel Broking Trade. These platforms offer advanced charting tools, real-time data, and customizable dashboards.

Intraday Trading Strategies

When it comes to intraday trading, having a solid trading strategy is essential. Intraday trading strategies are techniques used by traders to make informed decisions. Some popular intraday trading strategies include scalping, momentum trading, and mean reversion trading. It’s important to note that every trader has their own unique style and approach to trading.

Intraday Trading Fees

Trading fees can eat into your profits, so it’s important to choose a broker with low trading fees. Some brokers charge a percentage of the transaction value, while others charge a flat fee. It’s important to compare intraday trading fees and choose a broker that fits your budget.

Intraday Trading Tips and Rules

Intraday trading can be challenging, but there are several tips and rules that can help you succeed. Some of these tips include setting realistic goals, using stop-loss orders, and avoiding overtrading. It’s important to have a solid understanding of intraday trading rules and regulations before you start trading.

Intraday Trading Software

Intraday trading software can help you make informed decisions and streamline your trading process. Some of the best intraday trading software includes TradingView, Amibroker, and NinjaTrader. These software platforms offer advanced charting tools, real-time data, and customizable dashboards.

Intraday Trading Strategies and Technical Analysis

Intraday trading, also known as day trading, is the act of buying and selling securities within the same trading day. Intraday traders use various trading strategies and technical analysis tools to identify potential trading opportunities and make profitable trades. In this section, we will explore some of the best intraday trading strategies and key technical analysis tools and indicators to help you become a successful intraday trader.

Introduction to Intraday Trading Strategies

One of the best intraday trading strategies is scalping, which involves making numerous small trades throughout the day to accumulate profits. Another popular intraday trading strategy is momentum trading, which involves identifying stocks that are moving strongly in a particular direction and taking advantage of the momentum to make profitable trades.

Explanation of Key Technical Analysis Tools and Indicators

Technical analysis is the process of analyzing historical market data to identify potential trading opportunities. Some of the key technical analysis tools and indicators used in intraday trading include moving averages, relative strength index (RSI), and stochastic oscillator. Moving averages help traders identify trends, while RSI and stochastic oscillator help traders identify overbought or oversold conditions in the market.

Examples and Case Studies Showcasing Successful Intraday Trading Strategies

One successful intraday trading strategy is to trade based on news and earnings reports. For example, if a company reports better-than-expected earnings, its stock price may rise, providing a profitable trading opportunity for intraday traders.

Another successful intraday trading strategy is to use technical analysis to identify support and resistance levels. Traders can use these levels to enter and exit trades, depending on the market conditions.

Tips for Using Technical Analysis Effectively in Intraday Trading

To use technical analysis effectively in intraday trading, it is important to use multiple indicators and tools to confirm trading signals. Additionally, it is important to use stop-loss orders to limit potential losses and to manage risk effectively.

Best Broker for Intraday Trading

Choosing the best broker for intraday trading is crucial to success. Some of the top intraday trading brokers include Interactive Brokers, TD Ameritrade, and Charles Schwab. When selecting a broker, it is important to consider factors such as trading fees, trading software, trading apps, and trading platforms.

Comparing Intraday Trading Fees: Finding the Cost-Effective Broker

Intraday trading, also known as day trading, is a popular form of stock trading that involves buying and selling financial instruments within the same trading day. As an intraday trader, it’s essential to choose the right broker to minimize trading costs and maximize profits. One crucial aspect to consider when selecting a broker is the fee structure they offer.

Different brokers have varying fee structures, which can significantly impact your trading profitability. Understanding these fee structures is vital to make an informed decision. The most common types of fees charged by brokers include commission fees, spread fees, and account maintenance fees.

Commission fees are charges levied by brokers for executing your trades. They can be a fixed amount per trade or a percentage of the trade’s value. Some brokers offer discounted commission fees for high-volume traders or provide commission-free trades for certain instruments.

Spread fees, on the other hand, are the difference between the buying and selling price of a financial instrument. This fee is more prevalent in forex trading, where brokers earn their profits by charging traders a spread on each trade.

Account maintenance fees are periodic charges to maintain your trading account with a broker. These fees vary among brokers and can have a significant impact on your overall trading costs.

Comparison of trading fees among top brokers

To find the best broker for intraday trading, it’s crucial to compare the trading fees offered by different brokers. Here, we’ll discuss some of the top brokers and their fee structures:

1. Broker X: Broker X offers competitive commission fees, starting at $X per trade. They have a tiered fee structure, which means that the more you trade, the lower your commission fees become. Additionally, they provide commission-free trades for specific ETFs, making them an attractive option for cost-conscious intraday traders.
2. Broker Y: Broker Y operates with a spread-based fee structure. They offer tight spreads on major currency pairs and charge a fixed spread for other instruments. While their spreads might be slightly higher than other brokers, they compensate for it with excellent trading software and tools.
3. Broker Z: Broker Z has a zero-commission fee structure, making them an appealing choice for frequent intraday traders. They generate revenue through other means, such as interest on margin accounts or selling order flow. However, it’s essential to consider the potential impact of these revenue streams on order execution and market transparency.

Comparing the trading fees of different brokers is just one aspect of finding the best broker for intraday trading. It’s also crucial to consider other factors like the reliability of the trading platform, the range of available trading instruments, customer support, and overall user experience.

Discussion on the significance of fee structures and hidden costs

The fee structure of a broker has a significant impact on your trading profitability. Higher fees can eat into your profits and make it challenging to achieve consistent returns. However, it’s crucial to consider the complete picture and not solely focus on the upfront fees. Hidden costs can also impact your overall trading expenses.

Some brokers may charge additional fees for services like data feeds, research tools, or access to certain markets. These costs can add up over time and affect your bottom line. Before selecting a broker, make sure to carefully review their fee schedule and identify any potential hidden costs.

Moreover, it’s important to consider the quality of the services provided by the broker. A broker with higher fees might offer better trade execution, advanced trading tools, and superior customer support, which can ultimately contribute to your overall trading success.

Tips for minimizing trading costs and maximizing profits

Here are some valuable tips to minimize trading costs and maximize profits in intraday trading:

1. Choose a broker with competitive fee structures: Compare the trading fees among different brokers and select one that offers low commission fees or tight spreads, depending on your trading preferences.

2. Utilize trading platforms with advanced features: Opt for trading platforms that provide efficient order execution, real-time market data, and useful trading tools. These features can help you make informed trading decisions and potentially reduce costs.
3. Be mindful of hidden costs: Carefully read the terms and conditions of your chosen broker to identify any potential hidden costs. Avoid unnecessary add-ons or services that may incur additional fees unless they are crucial to your trading strategy.
4. Practice risk management: Implementing sound risk management techniques can help minimize losses and protect your capital. Use stop-loss orders to limit potential downside, and avoid over-leveraging your trades, as high leverage can increase costs through interest charges.
5. Stay updated on market conditions: Continuously monitor market trends, news, and economic events that can impact your trades. Being aware of market volatility and potential price movements can assist in making strategic trading decisions and avoiding unnecessary costs.
6. Develop and follow a trading strategy: Establish a well-defined trading strategy based on your risk tolerance, financial goals, and market analysis. Stick to your strategy and avoid impulsive trades, as emotional decisions can lead to unnecessary losses and increased trading costs.

Intraday Trading Courses and Tutorials: Enhancing Your Skills

Intraday trading, also known as day trading, is a popular method of buying and selling stocks or other financial instruments within the same trading day. It requires a solid understanding of trading strategies, market analysis, and the ability to make quick decisions. To enhance your skills in intraday trading, online courses and tutorials can provide valuable knowledge and insights. In this section, we will review reputable platforms offering intraday trading education, provide guidance on selecting the right course or tutorial based on skill level and goals, and discuss the benefits of continuous learning in intraday trading.

Review of Reputable Platforms Offering Intraday Trading Education

When it comes to choosing the best intraday trading courses and tutorials, several reputable platforms stand out. These platforms offer comprehensive resources designed to educate and empower traders of all levels. Some of the top platforms worth considering include:

1. XYZ Academy: XYZ Academy provides a wide range of online courses on intraday trading, covering topics such as technical analysis, risk management, and trading psychology. Their courses are developed by industry experts and provide practical insights to help traders improve their skills.
2. ABC Trading Institute: ABC Trading Institute offers interactive tutorials and educational videos that cater to both beginners and experienced traders. Their courses cover various aspects of intraday trading, including chart analysis, trading indicators, and developing effective trading strategies.

Guidance on Selecting the Right Course or Tutorial

Selecting the right intraday trading course or tutorial is crucial for maximizing your learning experience. Consider the following factors when making your decision:

1. Skill Level: Determine your current skill level in intraday trading. Are you a beginner, intermediate, or advanced trader? Look for courses that align with your level of expertise to ensure the content is neither too basic nor too advanced for your needs.
2. Learning Style: Consider your preferred learning style. Some individuals learn better through visual content, while others prefer text-based materials or interactive exercises. Choose a course or tutorial format that suits your learning preferences.
3. Course Content: Evaluate the course content to ensure it covers essential topics such as trading strategies, technical analysis, risk management, and trading psychology. Look for comprehensive materials that provide a well-rounded education in intraday trading.

Benefits of Continuous Learning and Professional Development in Intraday Trading

Continuous learning and professional development play a crucial role in the success of intraday traders. By staying updated with the latest trends, strategies, and market dynamics, traders can adapt to changing market conditions and make informed decisions. The benefits of continuous learning in intraday trading include:

1. Improved Trading Skills: Learning new trading strategies and techniques can enhance your decision-making abilities and increase the likelihood of profitable trades. Continuous learning helps you stay ahead of the competition and identify new opportunities.
2. Risk Mitigation: Intraday trading involves inherent risks. However, through continuous learning, you can gain a deeper understanding of risk management techniques and implement strategies to mitigate potential losses.
3. Expanding Network: Engaging in online courses and tutorials connects you with a community of like-minded traders. Networking opportunities allow you to exchange ideas, share experiences, and learn from industry experts.

Conclusion

When it comes to intraday trading, selecting the right broker can significantly impact your success. The best broker for intraday trading can provide you with the necessary tools, resources, and support to make informed trading decisions. By partnering with a reliable broker, you gain access to efficient trading platforms, competitive fees, and valuable trading tips that can enhance your intraday trading experience.

In this section, we have explored various aspects related to intraday trading and the importance of choosing the best broker. We discussed trading strategies, trading platforms, trading fees, and essential trading tips and rules. Furthermore, we examined trading software, trading apps, and the significance of finding the top intraday trading brokers. Let’s delve deeper into these topics to help you supercharge your intraday trading success.

To succeed in intraday trading, it is crucial to develop effective trading strategies tailored to your goals and risk tolerance. Whether you are a beginner or an experienced trader, understanding intraday trading strategies can greatly improve your chances of making profitable trades. By implementing intraday trading techniques and using technical analysis indicators, you can identify potential entry and exit points, manage risks, and maximize your profits.

When selecting a broker for intraday trading, it is essential to consider the trading platforms they offer. A reliable broker will provide user-friendly and feature-rich trading platforms that enable quick execution of trades, real-time market data, and advanced charting tools. Additionally, they should offer intraday trading accounts specifically designed to meet the needs of active traders, with competitive fees and fast order execution.

In the modern era of online trading, having access to efficient trading software and mobile apps is vital for intraday traders. The best brokers offer robust trading software that provides comprehensive market analysis, customizable charts, and real-time news updates. Furthermore, they provide intuitive trading apps that allow you to monitor and execute trades on the go, ensuring you never miss an opportunity in the fast-paced intraday trading environment.

FAQs

What is intraday trading?

Intraday trading, also known as day trading, refers to the practice of buying and selling financial instruments within the same trading day. In this approach, traders aim to capitalize on short-term price fluctuations to generate profits. Unlike traditional investing, where positions are held for a longer period, intraday traders close their positions before the market closes.

How does intraday trading work?

Intraday trading involves monitoring the market closely to identify short-term trading opportunities. Traders use various technical indicators, charts, and market analysis tools to make informed decisions about when to buy or sell. They typically focus on liquid assets with high trading volumes to ensure ease of entering and exiting positions. Effective risk management and the use of stop-loss orders are essential in intraday trading to limit potential losses.

Which is the best broker for intraday trading?

The choice of the best broker for intraday trading depends on individual preferences, such as trading requirements, platform features, fees, and customer support. Some popular brokers for intraday trading include Interactive Brokers, TD Ameritrade, E*TRADE, Fidelity, and Charles Schwab. It’s advisable to compare brokers based on your specific needs and consider factors such as commission rates, trading platform functionality, research tools, and customer reviews.

What are the intraday trading rules?

Intraday trading rules may vary based on the country and exchange regulations. However, some common rules include maintaining the required margin, adhering to position limits, avoiding insider trading, and following the exchange’s trading hours. Traders should also be aware of specific rules related to short-selling, pattern day trading (in the US), and other regulatory requirements. It’s important to familiarize yourself with the rules and regulations governing intraday trading in your respective jurisdiction.

What are the intraday trading strategies?

Several intraday trading strategies exist, including momentum trading, scalping, breakout trading, and mean reversion. Momentum trading involves capitalizing on price trends and trading volume. Scalping focuses on profiting from small price fluctuations and quick trades. Breakout trading aims to take advantage of price movements beyond support or resistance levels. Mean reversion strategy involves trading based on the expectation that prices will revert to their average. Traders should choose a strategy that suits their risk tolerance, trading style, and market conditions.

What are the intraday trading fees?

Intraday trading fees vary depending on the broker and the financial instruments being traded. Brokers often charge commissions per trade or offer commission-free trading with a small spread. It’s crucial to consider not only the commission rates but also additional fees, such as platform fees, data fees, and any other charges associated with the broker’s services. Comparing fee structures across different brokers is essential to find the most cost-effective option for your intraday trading activities.

How can I learn intraday trading?

To learn intraday trading, you can start by gaining a solid understanding of fundamental and technical analysis. Study various chart patterns, indicators, and trading strategies. Numerous online resources, books, and educational courses are available that cover the basics of intraday trading. Additionally, you can practice using virtual trading platforms or paper trading to gain experience without risking real money. Joining trading communities, participating in forums, and seeking mentorship from experienced traders can also provide valuable insights and learning opportunities.

What are the best intraday trading apps?

The best intraday trading apps vary based on individual preferences and requirements. However, some popular options include Robinhood, TD Ameritrade Mobile, E*TRADE, Interactive Brokers, and Fidelity. These apps provide features such as real-time market data, trading functionality, charting tools, and mobile accessibility. It’s important to consider factors like ease of use, reliability, available order types, research resources, and customer reviews when selecting an intraday trading app. Choosing an app that aligns with your trading style and offers a user-friendly experience can enhance your intraday trading activities.

How do I choose an intraday trading platform?

When selecting an intraday trading platform, consider factors such as reliability, speed, trading tools, charting capabilities, order types, and customer support. Assess if the platform offers real-time market data, customizable watchlists, technical indicators, and research resources. Additionally, evaluate the platform’s execution quality, user interface, and mobile accessibility. Consider the fees and commissions associated with the platform and ensure they align with your trading budget. It’s also beneficial to read user reviews and compare different platforms to find the one that best suits your trading needs and preferences. Demo accounts or free trials can provide an opportunity to test the platform’s features before committing to it.

What are the advantages of intraday trading?

Intraday trading offers several advantages. First, it provides the opportunity to profit from short-term price movements and capitalize on market volatility. Second, intraday traders can take advantage of leverage, which allows them to control larger positions with a smaller capital investment. Intraday trading also allows for quick turnaround times, as positions are opened and closed within the same trading day, enabling faster access to potential profits. Furthermore, intraday traders can benefit from the ability to go long or short, potentially profiting from both rising and falling markets. Finally, with intraday trading, traders can minimize their exposure to overnight market risks, as positions are closed before the end of the trading day.