Day trading, a practice that requires sharp analytical skills, discipline, and a good understanding of money markets, can be a beneficial venture if approached correctly.

In day trading, the primary characteristic is making trades -buying and selling- within just one market day. It can be either a thrill or a stress-inducing event, contingent on a trader’s experience and proficiency.

Having a concrete trading strategy is crucial in day trading. Without a clear-cut strategy, traders are prone to making rash decisions that might lead to hefty losses.

Traders have a variety of strategies to choose from- scalping, swing trading, and arbitrage are a few examples. The trade the day selection of tactics should directly correlate with the traders' aims, style of trading, and the level of risk they are willing to assume.

To excel in day trading, an investor must stay up to date with market indicators and any promising or thunderous news that may impact their trades.

Understanding the psychology of trading is also key to overcoming the emotional challenges that can come with the volatility of day trading.

Summing up, day trading can yield significant financial advantages if underpinned by a robust strategy and strict discipline. However, it is not for everyone and requires a commitment to continuous learning and ability to handle financial risks.