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:

None today, at least so far, as conditions do not feel ripe for it.  The action is very weak with only a select amount of stocks in the green.  Makes it tough to daytrade without a wider selection and more sectors in the green on good volume.  Today is not a day to force a daytrade unless you see something you absolutely like a lot.  I’m waiting for better action before I commit any capital, even for short-term timeframes.