Remember, your learning curve will cost you some of your capital. My best trading is done with roundtrips lasting from several minutes to 30 minutes. I play the market like a video game, not an investor. First, I like to sleep at night. If its a great stock to own at 4pm then I can always buy at the open if I believe it will continue up.
Cash is king.
Occasional swing trades are fine too, if you know the stocks you are trading very well and can play the trading ranges profitably. We have a whole module devoted to swing trading. If you are like me and prefer to be in and out in under 30 minutes, you'll definitely want level 2. It's up to you. And, sign up for our online Daytrading University to learn more strategies and techniquews for successful daytrading, whether or not you are using a level 2 system.