Day trading is an intriguing form of trading. Day trading involves making transactions of financial instruments within one day.

The attraction of day trading lies in the possibility to make quick profits. Yet, it's vital to realize trade the day that this form of trading holds its own set of risks.

Efficient day trading requires a solid understanding of the financial markets. It's vital to track market news, fully knowing how various events might impact the price of stocks you’re looking at.

Moreover, 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.

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

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

Furthermore, ‘momentum trading’ is another common technique. This strategy involves purchasing stocks that are showing strong upward trends and selling them before the trend reverses.

Day trading is not for everyone. It requires a high degree of investment knowledge, fast decision-making skills, and a strong risk appetite. However, with the right education, technique, and control, you can make a successful career in day trading.

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 potential to manage risk effectively. With the appropriate approach and continual learning, you stand a chance to make lucrative trades and grow your investment portfolio.