What is day trading?

Short term trades are referred a day trading or you can make short-term trades in day trading. In day trading, the trade is dome for less than one day, in an attempt to extract a profit from the financial markets. Many traders may only make one or two trades per day. While some other traders are very active and make many trades each day. Also few traders have made day trading as a part-time or full-time career, depending on the trader's style.
Many refer such type of trading as scalping however new traders should try trading on longer time frames rather than entering the market for shorter time frame because chances are that they might loose their money as these type of trading / scalping is only possible during the news release or high volatility period so beware of that.
Day trading market is very volatile and this is also good for trading because of its volatility one can earn great returns. However, for this you need have great knowledge of it.
Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. Strictly, day trading is trading only within a day, such that all positions are closed before the market closes for the trading day. Many traders may not be so strict or may have day trading as one component of an overall strategy. Traders who participate in day trading are called day traders. Traders who trade in this capacity with the motive of profit are therefore speculators. The methods of quick trading contrast with the long-term trades underlying buy and hold and value investing strategies. -- Wikipedia source
Being a day trader you will be experience ups and downs in your income and if you are experiencing ups and downs in your income, here are the ways to level out your income and build greater wealth.
1.Always strive for consistency: If you execute a trading plane which you have testes, researched and practiced then you will make profit.
2.Multiple streams of income: If you day trade for few hours a day, you have lots of free time to apply your intellect to other achievements. In day trading, two hours of trading is really all you need. Consider utilizing secondary income stream.
What exactly is day trading? Who participates in the process? Can and should you get involved?

Day trading is defined as the buying and selling of a security within a single trading day. This can occur in any marketplace but is most common in the foreign-exchange (forex) market and the stock market. Typically, day traders are well-educated and well-funded. They utilize high amounts of leverage and short-term trading strategies to capitalize on small price movements in highly liquid stocks or currencies.

Day traders serve two critical functions in the marketplace: they keep the markets running efficiently via arbitrage, and they provide much of the markets' liquidity (especially in the stock market). This article will take an objective look at day trading, who does it and how it is done.