Appreciating the fundamentals of day trading is crucial for anyone seeking to dive into this rapid world. Lots of people are intrigued by the prospect of making noteworthy earnings from day trading, but without the right information and strategy, it might become a daunting task.

Firstly, it's important to understand the definition of day trading. Essentially, day trading involves the buying and selling of financial securities within a single trading day. Day traders aim to make the most of the small cost fluctuations of stocks, currencies, or futures, stressing the importance of timing to make profits.

Day trading comes with its own set of guidelines, which are fundamental in molding success. Several of these rules include possessing a solid strategy, staying updated on market trends, and maintaining an orderly approach.

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

Staying in tune with market news and trends is essential in day trading. Events all across the globe can oftenly 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 similarly important in day trading. This entails remaining calm during market volatility and not allowing your emotions take control of the trades. Setting a predetermined profit target and stop-loss limit can assist you manage your risks better.

Conversely, day trading isn't for everyone. While it offers the potential for significant profits, the chances are just as high. Day trading only offers short-term gains, trade the day and losses can be devastating if you're not well prepared. It's hence important to amass adequate knowledge and practice before venturing into it.

To conclude, day trading is a challenging field to venture into, but with the correct knowledge, strategy, and discipline, it may prove to be a lucrative field. Just as with any investment, it's crucial to understand the pitfalls involved and ensure you're fully prepared to handle them. Above all, always remember that the goal of trading should be protect your capital, and earnings are just a bonus.