Srinagar, Jan. 29 -- Intraday trading involves buying and selling shares within the same day, aiming to profit from short-term price fluctuations. On the other hand, long-term investing means purchasing stocks and holding them for an extended period-weeks, months, or even years-hoping to benefit from their overall growth. New traders often underestimate the complexity of these strategies, mistakenly believing that trading requires little effort or knowledge.

Overconfidence and Lack of ResearchNew traders may exhibit overconfidence in their abilities. They often jump into trades without conducting thorough research or analysis on the stocks they are buying or selling. This lack of understanding can lead to poor decisions and losses.

Emot...