I think the best way to day trade is to just focus on a few stocks. Read everything you can about the stocks. Watch the price movements of the stocks for a few months, at least. Then you slowly get an idea of when the stock is oversold or overbought.
I would think you would need $10,000 minimum. You pay a lot of commissions when you trade alot. Scottrade is a good place to open an online account.
For investment ideas and to practice your day trading, check out http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
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