Why are people still doing intraday trading whereas books say it is not profitable ?

Intraday trading is a trading pattern where trader buy and sell the stock on the same day.
In the Stock Market there so many investors and traders who follow different risk appetite for which there working pattern is also would be different.
Intraday trading is the most common strategy followed by the market participants. Where a trader can trade with the focus of receive short term benefit of the market.

Delivery / positional Trading : Where you buy the stock and hold it for some period in this type of trading if you have to buy a stock its delivery or you will receive the same stock in your demat account withi
T+2 days . In the same way when you sell the stock its delivery you have to provide to buyer withi
T+2 days.

Intraday Trading : In intraday a trader receives the benefit of both trends bullish as well as bearish . like if the trend is bullish you would buy the stock at a lower price and sell it at higher price while the trend is bearish than you will sell the stock at a higher price then to square off the position you will purchase it at a lower price.

For example : Suppose xyz ltd share open at 102/- and after sometime the price of share comes at 98/- herernif you buy at 102/- then you may loss while if you sell at 102 and buy it at 98/- . the difference would be your profit.

This is a much profitable trading than holding here are some following reasons .

1)No risk Overnight. The biggest advantage of intraday trading is that you have 0 overnight risk as you close your position on the same day because of which your profit is not effected by any good or bad news. Positional traders can disappear overnight because of any overnight bad event .

2) Increased leverage more buying power: The biggest advantage and reason of doing intraday trading is you can buy more than your buying power that means you can trade more than the amount that you have in demat account if you have only 1 lakh in your demat account still you can trade up-to 2 lakhs .

3) Traders can make profit whether market goes up or down . Here trader can take the benefit of both rising and falling of the market. Day traders can do short selling to make profit from falling market and Positional traders can do short selling only in futures which requires high margin.

4)You will be in cash at the beginning and end of day: In Intraday trading you square off all your position you start your day with cash and end it with adjusting (P/L) and they can sleep peacefully they dont need to worry when you are in 100% cash there is one more advantage of of intraday trading is you can withdrawn your cash at any time

5) You can do more trades: If you are doing intraday trading you can do multiple trades because in intraday trading you have more leverage can do more trades.
6) Low brokerage commission : Intraday trading brokerage is much cheaper than holding as broker also gets more and more brokerage most of the broker reduces their brokerage rate.

That is the reason people prefer intraday trading than holding one should take advise from the experts they also suggest intraday trading .