In its most basic form, day trading is the practice of buying and trading financial products, including stocks and commodities, within one trading day.

In order to successfully day trade, one needs a deep understanding of the market and the strategies used in this type of trading.

Bear in mind that day trading carries substantial risks, and massive financial losses can occur.

Nevertheless, with careful planning and strategy, successful day trading is achievable.

One often-used strategy in day trading is scalping, where small price variations are get more info exploited for profit.

Another strategy is range trading, which involves buying at the lower range of a stock's price and selling at the higher range.

Another prevalent strategy is trend trading, where traders try to gain profits by examining an asset's momentum towards 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, to successfully trade the day, one should be patient, strategic in planning, and must have a strong grasp of financial risk.