Most mornings, if the conditions are ripe for it, I will put together my early radar of potential daytrades for the day. 
I try to get most of my daytrades in after amateur hour (the first hour of trading), but before the third or fourth hour of the day sets in. I want time for a stock to run-up during the day, so I am not pressed to sell too close to the market close with everyone else.
I utilize stop losses with all these trades and most of my action is discussed in the free live chat. I try to update my StockTalks/Twitter with some of the information as best as possible from the live chat. Lastly, I will update the site and forums later in the day or at night.
I will attempt to post my radar before 10am central on days I am actively seeking daytrades. I try to keep my plays under $15 and above $1. This radar changes everyday, sometimes in just a few hours, so do not view this as my radar for any day other than today. Here is today’s current list, which may change at any time during the day:
With the market selling off strong this morning, we are seeing a very light bounce. The problem is I don’t trust this bounce can last. Charts are looking ugly intraday, sentiment is concerning, and a general look at level 2 quotes shows significant sellers and light bids. All of this combined puts me in a position that its not even worth the risk of putting out any long trades as seeing a stop loss triggered is highly likely. Cash is king today, at least for me. I’d be more inclined to short than go long today. Take that for what it’s worth.
Mike
No positions in mentioned stocks, but may initiate a position within 24 hours.
