In its most basic form, day trading is the practice of buying trade the day and trading financial products, including stocks and commodities, within one trading day.
Successful day trading involves a thorough understanding of the market, as well as skillful use of strategies.
It should also be pointed out that day trading carries significant risk, and hefty financial losses are a possibility.
Nevertheless, with meticulous planning and strategic moves, successful day trading is within reach.
A popular strategy among day traders is scalping, a technique that seeks to profit from small price fluctuations.
Another strategy is range trading, where traders buy at the low end of a price range and sell at the high end.
Trend trading is also a popular strategy where traders attempt to capture gains through the analysis of an asset's momentum in a particular direction.
To conclude, day trading can yield significant profits if one understands the market profoundly and knows how to apply different trading strategies.
Remember, day trading requires patience, planning, and a good understanding of financial risk.