Day trading represents a high-risk, high-reward type of investment strategy. Day trading demands quick thinking, fast acting, and a sharp sensitivity to market shifts. However, when executed rightly, it can offer lucrative rewards.

Day trading involves buying and selling a financial instrument such as stocks, forex, or commodities within a single trading day. This implies that trades are typically initiated and concluded in a single trading period. This trade the day method is typically used by seasoned traders due to its inherent risk.

The essence of day trading focuses on capitalizing on market volatility. Through capturing the price movements in a day, traders can capitalize on small gains that collectively result in significant profits.

Success in day trading hinges on having a concrete, executable plan. This strategy should incorporate technical analysis, risk management, and psychologically discipline. Technical analysis, a key component of the strategy, employs graphs and other analytical tools to discern patterns which could foresee future price trends. Risk management, on the other hand, involves setting up safeguards against potential losses.

The human mind and emotions significantly influence day trading. Impulse and fear-induced decisions are common pitfalls that can lead to substantial losses. Hence, staying disciplined and adhering to the trading strategy is the cornerstone of success in day trading.

It remains paramount to understand that day trading is not for everyone. Its risky nature and the required technical expertise can be overwhelming for novice traders. Without proper knowledge and understanding of financial markets, technical analysis, and risk management, diving into day trading might be a dangerous endeavor.

While day trading has the potential to yield superior profits, it also accompanies sizeable risks. Sound knowledge, proper planning, and discipline are the pillars of successful day trading. Hence, approaching day trading with the level of seriousness and respect it demands is vital.

Despite the risks, for those who perform their homework diligently and aren't afraid of hard work, day trading can be a financially rewarding and satisfying enterprise.

In conclusion, the world of day trading is fraught with risks and uncertainties, yet it holds the potential for hefty profits. Successful day trading demands a comprehensive understanding of market trends and the mental capacity to withstand the stress of quick-fire trading decisions. In the end, day trading is not for those searching for quick financial gains, but for individuals who have the patience and discipline to skillfully navigate the choppy seas of the financial market.