Day trading is a high-energy method of trading. It involves buying and selling financial instruments within a single trading day.

The magnetism of day trading lies in the possibility to make quick profits. But, it's vital to comprehend that this form of trading comes with its own share of risks.

Proper day trading requires a strong understanding of the financial markets. It's vital to keep up with market news, comprehending how various events may impact the price of assets you’re interested in.

Furthermore, solid day traders embrace managing risk. This involves using stop loss orders to minimize potential losses and only investing money that you can afford to lose.

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

One of the most helpful day trading techniques is called ‘scalping’. This involves placing multiple trades within a short time period, hoping to cash in from small price fluctuations.

Furthermore, ‘momentum trading’ is another common technique. This method involves acquiring stocks that are showing strong day trading upward trends and selling them before the trend reverses.

Day trading is not for the faint-hearted. It requires a high degree of investment knowledge, quick-thinking abilities, and a strong risk appetite. However, with the proper knowledge, technique, and control, you can earn substantial profits through day trading.

In conclusion, day trading, or ‘trading the day’, is a fast-paced trading strategy. It requires extensive understanding of the market, fast-thinking skills, and the ability to manage risk effectively. With the appropriate approach and continual learning, you have the potential to make lucrative trades and grow your investment portfolio.