In the ever-changing world of trading, day trading is a popular choice. Day trading involves buying and selling financial instruments within the same day.

The magnetism of day trading lies in the possibility to gain substantial returns in a short time. But, it's vital to grasp that this form of trading comes with its own set of risks.

Successful day trading requires a firm understanding of the markets. It's vital to monitor market news, comprehending how various events may impact the value of shares you’re investing in.

Furthermore, solid day traders embrace the mitigation of risk. This involves setting stop loss orders to reduce potential losses and only investing capital that you can afford to lose.

An essential aspect of day trading is the capability to act swiftly. The markets can change quickly, and being able to make informed decisions under pressure can result in successful trades.

One of the most useful day trading techniques is called ‘scalping’. This involves placing multiple trades over a very short duration, hoping to reap benefits from small price variations.

Also, ‘momentum trading’ is another common technique. This strategy involves buying stocks that are rapidly increasing in price and selling them before the trend reverses.

Day trading is not for everyone. It requires a check here high degree of investment knowledge, fast decision-making skills, and a tolerance for risk. However, with the right knowledge, technique, and control, you can turn day trading into a profitable venture.

In conclusion, day trading, or ‘trading the day’, is a challenging, yet potentially lucrative trading style. It requires in-depth market knowledge, quick decision-making abilities, and the capacity to deal with risk effectively. With the proper approach and continual learning, you stand a chance to make profitable trades and grow your investment portfolio.