Day trading is an interesting form of trading. It involves making transactions of financial instruments within a single trading day.

The appeal of day trading lies in the prospect to make quick profits. However, it's vital to realize that this form of trading includes its own set of risks.

Effective day trading requires a strong understanding of the markets. It's vital to stay abreast of market news, fully knowing how various events might impact the value of here stocks you’re interested in.

Additionally, effective day traders embrace the mitigation of risk. This involves setting stop loss orders to curb potential losses and just investing money that you can afford to lose.

A key aspect of day trading is the ability to make rapid decisions. The markets can shift quickly, and being able to make informed decisions on the fly can result in successful trades.

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

In addition, ‘momentum trading’ is another widely used technique. This method involves buying stocks that are rising quickly and selling them before the trend reverses.

Day trading is not for the faint-hearted. It requires a high degree of investment knowledge, quick-thinking abilities, and a tolerance for risk. However, with the right education, technique, and discipline, you can turn day trading into a profitable venture.

In conclusion, day trading, or ‘trading the day’, is a fast-paced trading method. It requires extensive understanding of the market, quick decision-making abilities, and the capacity to handle risk effectively. With the right approach and continual learning, you stand a chance to make lucrative trades and increase your investment portfolio.