Numerous investors embrace day trading as a way of making money, although it requires placing significant time and effort.

The main principle behind day trading is that it involves purchasing and selling stocks within one business day. This practice can either bring thrill or tension, and the degree largely depends on one's familiarity and competence in trading.

In day trading, an effective strategy is indispensable. Without solid tactical plans, traders are more likely to make hasty decisions that can yield substantial losses.

Day traders can adopt several strategies like scalping, swing trading, and arbitrage to maximize their profits. For traders, adopting a strategy in consonance with their objectives, trading style, and risk acceptance level is vital.

Being successful in day trading calls for constant monitoring of market indicators and staying abreast of news that might influence one's trading decisions.

Understanding the psychology of trading is also key to overcoming the emotional challenges that can come with the volatility of day trading.

In conclusion, day trading can offer substantial financial rewards if approached strategically and with discipline. But, it's not meant for everyone- it here demands commitment to perpetual learning and managing financial risks.