In its most basic form, day trading is the practice of buying and trading financial products, including stocks and commodities, within one trading day.
Successful day trading requires an in-depth knowledge of the market and effective use of different trading 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.
Scalping is a commonly used strategy by day traders, aiming to benefit from minimal price changes.
Range trading is another strategy where traders buy at a trade the day low price range and sell at a high price range.
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.
In summary, with a good understanding of the market and effective use of trading strategies, day trading can be a lucrative endeavor.
Remember, to successfully trade the day, one should be patient, strategic in planning, and must have a strong grasp of financial risk.