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.
To succeed in day trading, you should have a profound understanding of the market and be adept in using various trading strategies.
It should also here be pointed out that day trading carries significant risk, and hefty financial losses are a possibility.
Nonetheless, achieving success in day trading is possible with proper planning and strategic measures.
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 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.
In conclusion, day trading can be a profitable venture if one has a deep understanding of the market and a comprehension of various trading strategies.
Remember, day trading requires patience, planning, and a good understanding of financial risk.