To put it simply, day trading refers to the practice of buying and selling financial assets like stocks and commodities within a single trading day.

To succeed in day trading, you should have a profound understanding of the market and be adept in using various trading strategies.

It is important to note that day trading can be risky, and substantial financial losses can occur.

Nevertheless, with careful planning and strategy, successful day trading is achievable.

One often-used strategy in day trading is scalping, where small price variations are exploited for profit.

Range trading is another method where traders purchase at the lower end of a price range and sell at the peak.

Another prevalent strategy is trend trading, where traders try to gain profits by examining an asset's momentum towards a particular direction.

To conclude, day trading can yield significant profits if one understands the market profoundly and knows how to apply different trading strategies.

Remember, to successfully trade the day, one should be patient, strategic in planning, and must have a strong grasp of financial trade the day risk.