Day trading, also known as intraday trading, is a popular trading style utilized by those who desire to capitalize on the small price fluctuations happening over a single day. It is a challenging endeavor, but with proper knowledge, skill, and mindset, it can also be an exceedingly rewarding one.

Intraday traders actively engage in buying and selling securities—shares, futures contracts, forex pairs, among others— within the same day, aiming to profit from the complex financial market movements. They typically avoid holding positions overnight, minimizing their exposure to unforeseen trading risks.

An in-depth knowledge of the financial markets is crucial in day trading. This covers the knowledge of mkt trends, trading indicators, and chart technical analysis. A capability to make quick decisions, a strong risk management strategy, and an ability to handle stress are additional needs that can make or break a day trader.

Furthermore, a day trader must have a high-quality trading platform as it provides the tools and features needed to conduct trades efficiently. These tools typically include advanced charting, trading algorithms, and a rapid order execution system. Some also offer demo accounts to practice website trading strategies without risking real money, which can be remarkably beneficial for beginners.

Undoubtedly, one of the most crucial aspects of day trading is crafting a solid trading plan. This should detail the trading strategy, risk tolerance levels, profit targets, and stop loss measures. Sticking to this plan, regardless of market conditions, helps to maintain discipline and minimize losses.

Despite all the challenges, the proper strategies can change day trading into a profitable business venture. However, it requires continuous learning, patience, and a stout determination to succeed.

Finally, always remember that day trading does not guarantee profits. It carries considerable financial risk, so trade wisely. Never invest more than you can afford to lose, and always look for professional advice before stepping into the complex world of day trading. You may also wish to consider other types of trading, such as swing or position trading, that are less intense and require less time commitment.

In the world of day trading, knowledge, discipline and skill are key. Whether you're a seasoned trader looking to switch trading styles or a newcomer learning the ropes, the world of day trading awaits with its endless opportunities for risk and rewards. However, armed with the right tools and mindset, you might unlock its potential and reach your financial goals.