Day trading, simply put, involves buying and selling financial instruments like stocks and commodities within the same 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.
However, it should be noted that day trading is not without its risks, and significant financial losses may ensue.
Nonetheless, achieving success in day trading is possible with proper planning and strategic measures.
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 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.
To conclude, day trading can yield significant profits if one understands the market profoundly and knows how to apply different trading trade the day strategies.
Keep in mind that day trading requires patience and strategic planning, and a sound understanding of financial risks.