To put it simply, day trading refers to the practice of buying and selling financial assets like stocks and commodities within a single 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.
Nonetheless, careful planning and strategic maneuvering can lead to success in day trading.
One common strategy employed by day traders is scalping, where they take advantage of small price changes.
Range trading is another method where traders purchase at the lower end of a price range and more info sell at the peak.
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, to successfully trade the day, one should be patient, strategic in planning, and must have a strong grasp of financial risk.