RoadkillThere is an enormous amount of different 'day trading'...

Roadkill

There is an enormous amount of different 'day trading' that goes on here.
Some are simply punters with no business/trading plan at all. Others are more professional.
The range of profit targets and stop loss targets vary from trade to trade not just trader to trader.
There varying forms of stop loss rules such as the 2% rule,trailing stops etc etc, not so different from long term investors.
The most important thing always comes down to risk management. How much are you prepared to lose on one single trade?
For some it could be 100% of the trade in a high risk reward trade. Others it is a percentage of their capital

If you are interested here is a bit of beginners info.


http://www.investopedia.com/articles/trading/06/DayTradingRetail.asp