In the volatile world of trading, day trading is a popular choice. Day trading involves trading financial instruments throughout the course of a single day.

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

Effective day trading requires a strong understanding of the markets. It's vital to follow market news, comprehending how various events may impact the value of assets you’re interested in.

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

An important aspect of day trading is the skill to act swiftly. The markets can alter quickly, and having the capacity to make informed decisions on the fly can lead to successful trades.

One of the most helpful day trading techniques is known as ‘scalping’. This involves making multiple trades within a short time period, hoping to reap benefits from small price changes.

In addition, ‘momentum trading’ is another popular technique. This day trading strategy involves purchasing stocks that are rising quickly and selling them before the trend reverses.

Day trading is for the brave. It requires a high degree of investment knowledge, fast decision-making skills, and a tolerance for risk. However, with the correct knowledge, 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 style. It requires in-depth market knowledge, fast-thinking skills, and the ability to handle risk effectively. With the proper approach and continual learning, you stand a chance to make successful trades and grow your investment portfolio.