Trading within the day, ordinarily known as trading of securities throughout a single day, has become a considerable method of generating income in the financial world. Day traders often exploit the minute price movements in the stock markets to make profits.

Before jumping on on the journey of day trading, one has to understand that it needs strategy. Absent a strategy, it is just pretty much gambling, and the winnings may not be sustainable. Victorious day traders often employ various strategies, including arbitrage, swing trading, and scalping.

Scalping involves taking small profits from a large number of trades. Scalpers often hold securities for a few minutes or even seconds. The main aim is to acquire stocks at low prices and sell them when the price rises.

The swing trading method, on the other hand, is for those who can spend a portion of their day watching the stock market. Swing traders take advantage of the swings in stock prices caused by news events and the general workings of the financial markets.

Arbitrage is about purchasing in one market and trading in another, profiting from a temporary difference in prices. It is generally considered risk-free for the investor.

Day traders also use different market analysis tools to predict which way the price will move. Technical analysts look at price patterns and chart indicators to predict future price movement.

While day trading has the potential for substantial profits, it’s not without risk. Probably one of the most significant risks in day trading is its unpredictable nature. Share prices can increase or decrease rapidly, check here and it can be challenging to know which way they’ll go.

To mitigate such risks, all traders should set up an exit strategy. It's also vital to diversify your portfolio and don't put all your eggs in one basket.

Lastly, just like any other job, the key to success in day trading lies in learning. Study as much as possible and remain updated with market updates. The more data you have, the better your chances of making a profitable trade.

To conclude, day trading is a profitable but risky venture. It requires significant commitment, strategy and understanding. With these in place, anyone can make a success in this game of numbers. Spend time learning and constructing an effective strategy, and watch your profits grow.