daytrading is extremely tough...i am way more comfortable doing swing trades over a few days...It depends on your personality and if you can remain calm daytrading.I just got out of a hectic daytrade short on bac...
I trade in multiple time frames. Using the longer time frame to look for trends and the shorter as entry. I usually swing trade, so I use weekly to look for trends, daily to look for support and resistance, and hourly for entries.