Was meaning to do this last night but never got around to it. Figured I would start a journal to keep track of a little experiment I'm running. I have a freetrade account that used to have quite a bit of money in it but after taking out the majority to add to my IB account, I'm left with $2,416.12. A note about freetrade, $5000 is needed to open an account but the account remains open as long as the balance is above 2k. I have 2-1 margin and pay no commissions. Freetrade is really great when it comes to stock trading during market hours, it's owned by Ameritrade so executions are perfectly fine, every month I have 20 commission-free trades of all types on all stocks, even OTCBB, after that it's $3 for each from 20-100 trades, 100-200 is $2 a trade, and over 200 trades it's $1 a trade. In other words, since I am swing trading I essentially won't be paying any commissions, this is why you won't see them included in my P/L. Now on to what I plan to do with this account. My Goals: Increase account balance by 2% a day Not to lose more than 5% of equity in a trade Plan of Action: Use 100% of equity per trade but no margin Take stocks priced below $10 Use chart reading skills to look for good short-term opportunities Enter at close of last day (or open if it's at a better price) Exit with 2% profit same day, if profit was not attained, re-evaluate position. Do not stay in position if I determine that the opportunity is gone I'll be posting my pick for the next day the night before and will try to keep this journal updated with current P/L. My play for today was PAX, took my 2%, account info below. 11/24/03 No Position Equity: $2,416.12 I'll post my pick for tuesday later tonight when I get a chance.