Day trading is one of the most demanding yet rewarding ways of making money in the stock market.

In day trading, the primary characteristic is making trades -buying and selling- within just one market day. It can be either a thrill or a stress-inducing event, contingent on a trader’s experience and proficiency.

In day trading, an effective strategy is indispensable. In its absence, traders might indulge in impulsive decisions that read more could result in significant financial damage.

Traders have a variety of strategies to choose from- scalping, swing trading, and arbitrage are a few examples. The choice of strategies largely depends on the traders' objectives, trading style, and risk tolerance.

For a trader to succeed in day trading, staying informed about market indicators and news that could influence their trading decisions is crucial.

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

In summation, day trading can lead to substantial financial gains if tackled with strategic planning and disciplined action. However, it's not suitable for everyone- it calls for unbroken learning and capabilities to cope with financial risks.