In its most basic form, day trading is the practice of buying and trading financial products, including stocks trade the day 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.
Nonetheless, careful planning and strategic maneuvering can lead to success in day trading.
Scalping is a commonly used strategy by day traders, aiming to benefit from minimal price changes.
Range trading is another method where traders purchase at the lower end of a price range and sell at the peak.
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.
Keep in mind that day trading requires patience and strategic planning, and a sound understanding of financial risks.