Day trading happens to be an exciting way of making money in the financial markets. Investors involved in day trading exchange financial securities within a day's trade cycle in an attempt to secure quick profits.

Grasping day trading is crucial because it gives the flexibility to traders to execute numerous trades during the market hours itself. They capitalize on small price movements and gain rapid profits, trimming down their exposure to potential losses that could occur when markets are closed.

Several factors influence the success of day trading. One, being aware of the market is key. To trade successfully, traders need to have a firm grasp of the market conditions. An in-depth understanding of technical analysis and chart patterns helps to identify potential trading opportunities.

Another key aspect, the traders should have a solid trading plan. A day trading trading plan provides a structured framework of his or her buying and selling choices, helping to avoid impulsive trades. It also encompasses risk management strategies to mitigate potential losses.

Another important aspect is the rigidity. Successful traders stick to their trading plans irrespective of market conditions, and they refuse to let emotions control their trading decisions. This stance decreases the chances of making costly mistakes.

In spite of the potential for large profits, day trading is not free from risks. Such trading requires consistent monitoring of market conditions, and even small market changes can possess a significant impact on returns.

In conclusion, day trading is a lucrative yet complex financial strategy. It requires a thorough understanding of the market, a solid trading plan, and strict discipline. With these elements at hand, one can opt to venture into the thrilling world of day trading, hopefully reaping considerable rewards. However, the risks associated should never be overlooked, as they could swiftly turn sizable profits into significant losses.