I've been paper trading for a while now, and swing/long term trading with real money from a Scottrade account for about 1.5 years now, but before I start actually day trading I want to make sure I know as much as I can. I've been reading these forums for a while now, and I've learned a ton, but I have some questions I can't seem to find the answers to. I can't really categorize them, so I'll just start. (I'm talking stocks here) 1. Is it possible to successfully daytrade making only 1 or 2 traders per day? It seems like all the posts I read on here where someone relates a day's experience involve scalping and making 100s of trades per day. I don't want to do that. 1.5 If someone is making 100s of trades per day, if they messed up, wouldn't they be absolutely killed by the wash sale rule? That has got make taxes impossible. 2. When I paper trade I make 1 or sometimes 2 trades per day, trying to get a .20 cent move or so. Is that realistic for live trading? I don't want to scalp or make lots of trades per day. 3. When you guys day trade, do you only trade a particular stock once per month? Say you mess up one day and take a loss... do you not touch that stock again for 30 days to avoid the wash sale rule, or are have most people here made the necessary elections to be exempt from that? 3.1 Or does the wash sale rule not apply to intraday positions? (this probably isn't the case, but I figured I'd ask anyway) 4. What are the rules for shorting on a downtick? Are ETFs the only thing with which you can do this? On what timescale is "a downtick?" 5. Do most day traders use 1 minute charts? Is there anything faster than that? I paper trade with 5 min charts, but that's paper trading... 6. Are level II quotes only necessary for scalping? I don't use them when I paper trade, but like I said, I make like 1 trade a day and hold it from a few min to a few hours. 7. Do most traders trade the same stock day after day? I guess this is kinda related to quetsion 3. 8. Do all prop firms scalp? It seems like everything I've read here about prop firms involves scalping, and like I said, I'm not too keen on that idea. Maybe just cuz I don't know much about it, but I like my 1 or 2 trades a day style better. I think that's it for now. Thanks in advance for any replies.