Good questions, thanks...

Personally I follow order entry live, manually using cybertrader and interactivebrokers, so I don't set conditional orders, for stocks.
So I don't use MIT etc.

Sectors, I like gold and oil right now. And traders can't trade with $500, for daytrading you need at least $25K per the PDT rule, for swing trading one needs at least 2-3K.

-k