I'd suggest try registering with aussiebulls.com (as you may then use intra-day module that alerts you to stop loss figure to use for particular stock your trading - I use this as a guide only)..... with daytrading, I would start small initially till you gain enough experience and confidence before contemplating $50k across 20 open positions per say ( unless you want high anxiety/stress levels, high heart rate, hot and cold sweats etc. lol ) .... name of the game is to be professional/efficient, have fun and enjoy it (reduce anxiety and remove any emotion from your trading plan)..... become robotic like such that you accept taking a loss when the situation presents itself.. to then hop into another trade (sticking to what out know etc. and never ever give up). I sometimes take 2 or 3 small losses before landing a substantial profitable trade etc. in the end its the %winning or profitable trades and average %gain over the minimal %loss trades that will ensure success over the long run........ good luck & all the best!
