Appreciating the fundamentals of day trading is imperative for anybody aiming to venture into this dynamic field. Lots of people are captivated by the prospect of making significant profits from day trading, but without having the proper information and strategy, it can turn into a daunting task.

Firstly, it's important to understand the definition meaning of day trading. Basically, day trading entails the buying and sale of financial securities within a single trading day. Day traders look to take advantage of the small cost fluctuations of stocks, currencies, or futures, putting a focus on the importance of timing to earn profits.

Day trading comes along with its own set of rules, which are essential in achieving success. Several of these rules include having a solid strategy, staying updated on market trends, and maintaining an orderly approach.

A great trading strategy needs research and discipline. You must understand how exactly the market works and how securities are affected by economic factors. This understanding can potentially be achieved through consistent study, careful analysis, and constant application.

Staying in tune with market news and trends is also essential in day trading. Occurrences all across the globe can often cause sudden market volatility. Being a day trader, you must monitor these events closely as they can impact the values of the securities you're dealing with.

Maintaining discipline is just as important in day trading. This implies remaining composed during market volatility and not letting emotions take control of the trades. Having a predetermined profit target and stop-loss limit will assist you manage your risks better.

On the other hand, day trading isn't for everyone. While it offers the potential for significant profits, the risks and challenges are just as high. Day trading only offers short-term gains, and losses can be devastating if you're not well versed. It's hence important to accrue adequate knowledge and exposure before venturing into it.

To wrap up, day trading is indeed a daunting field to venture into, but with the right knowledge, strategy, and discipline, it trade the day might prove to be a lucrative field. As with any investment, it's important to understand the dangers involved and ensure you are fully prepared to deal with them. Above all, always make sure to remember that the goal of trading should be protect your capital, and earnings are just a bonus.