Day trading is one of the most difficult yet lucrative ways of making money in the stock market.

The key element of day trading is that traders buy and sell securities within a single trading day. It can be both exciting and stressful, depending on a trader's skill level and experience.

Having a concrete trading strategy is crucial in day trading. If a comprehensive strategy is lacking, traders may find themselves making precipitous decisions, which could lead to overwhelming losses.

Traders have a variety of strategies to choose from- scalping, swing trading, and arbitrage are a few examples. It's essential for traders to choose a strategy that aligns with their goals, trading style, and risk appetite.

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

Another critical factor in successful day trading is understanding trading psychology, which helps navigate through the emotional hurdles brought on by market volatility.

Summing up, day trading can yield significant financial advantages if underpinned by a robust strategy here and strict discipline. Nevertheless, day trading is not suitable for all, as it requires unabated learning and risk management capacities.