In the volatile world of trading, day trading is a popular choice. Day trading involves buying and selling financial instruments within one day.

The attraction of day trading lies in the prospect to gain substantial returns in a short time. But, it's vital to grasp that this form of trading holds its own risks.

Sound day trading requires a thorough understanding of the trading landscape. It's vital to stay abreast of market news, fully knowing how various events can impact the value of stocks you’re investing in.

Moreover, efficient day traders embrace the mitigation of risk. This involves setting stop loss orders to minimize potential losses and just investing funds that you can afford to lose.

An important aspect of day trading is the skill to make rapid decisions. The markets can change quickly, and having the capacity to make informed decisions under pressure can lead read more to successful trades.

One of the most beneficial day trading techniques is called ‘scalping’. This involves making multiple trades over a very short duration, hoping to profit from small price movements.

Moreover, ‘momentum trading’ is another widely used technique. This strategy involves acquiring stocks that are rapidly increasing in price and selling them before the trend reverses.

Day trading is not for everyone. It requires a great deal of market understanding, quick-thinking abilities, and a tolerance for risk. However, with the correct knowledge, technique, and control, you can make a successful career in day trading.

In conclusion, day trading, or ‘trading the day’, is a high-energy trading strategy. It requires extensive understanding of the market, fast-thinking skills, and the ability to manage risk effectively. With the correct approach and continual learning, you stand a chance to make profitable trades and grow your investment portfolio.