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How does one create an index on the date part of DATETIME field in MySql

How do I create an index on the date part of DATETIME field?

mysql> SHOW COLUMNS FROM transactionlist;
+-------------------+------------------+------+-----+---------+----------------+
| Field | Type | Null | Key | Default | Extra |
+-------------------+------------------+------+-----+---------+----------------+
| TransactionNumber | int(10) unsigned | NO | PRI | NULL | auto_increment |
| WagerId | int(11) | YES | MUL | 0 | |
| TranNum | int(11) | YES | MUL | 0 | |
| TranDateTime | datetime | NO | | NULL | |
| Amount | double | YES | | 0 | |
| Action | smallint(6) | YES | | 0 | |
| Uid | int(11) | YES | | 1 | |
| AuthId | int(11) | YES | | 1 | |
+-------------------+------------------+------+-----+---------+----------------+
8 rows in set (0.00 sec)

TranDateTime is used to save the date and time of a transaction as it happens

My Table has over 1,000,000 records in it and the statement

SELECT * FROM transactionlist where date(TranDateTime) = '2008-08-17' 

takes a long time.

EDIT:

Have a look at this blog post on “Why MySQL’s DATETIME can and should be avoided

If I remember correctly, that will run a whole table scan because you’re passing the column through a function. MySQL will obediently run the function for each and every column, bypassing the index since the query optimizer can’t really know the results of the function.

What I would do is something like:

SELECT * FROM transactionlist 
WHERE TranDateTime BETWEEN '2008-08-17' AND '2008-08-17 23:59:59.999999';

That should give you everything that happened on 2008-08-17.