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Which stock(s) do you day trade?
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STRA.
Unless you are swing trading, you should stay away from any stock. Overnight risk is too great.
May want to add GS / RIMM / also
I used to trade 4 stocks day-in day-out:
GS, AAPL, RIMM, SPY
Now RIMM is dead. GS and AAPL are not moving fast enough.
For the past 3 months I have beeing trading only 1 stock (EFT):
SKF
No you don't need a stop. With its volatility, your stop order would probably get blown as soon as you set them. It can wiggle up and down $1.00 every 20 seconds. You need a lot of screen time and undivided attention.
GS, AAPL, RIMM, SPY
Now RIMM is dead. GS and AAPL are not moving fast enough.
For the past 3 months I have beeing trading only 1 stock (EFT):
SKF
No you don't need a stop. With its volatility, your stop order would probably get blown as soon as you set them. It can wiggle up and down $1.00 every 20 seconds. You need a lot of screen time and undivided attention.