In the past couple of years I've banked about $300K doing software consulting work. Upcoming year looks like I may bank $400K. I am almost 30 years old. I enjoy what I do like no other but it is too draining. I'm looking to make trading income a large part of the annual revenue in a year or so. I want more free time to explore this universe of ours but maintain my sexy lifestyle (note: above numbers are net after lifestyle). My trading background is limited to following the stock markets for about 10 years and investing in stock of companies who deal with essentials like food. Day trading is new to me. Well, except I know someone who lost it all day trading. This journal is for myself only. I'm a noobie. If you are reading this for insight, you are a dumbass. However, if you want to read this to find out how badly I can f*ck up, keep reading. I guarantee you will have some laughs coming up. My setup: I am using ChartTrader with Interactive Brokers. I love this thing. It's like playing a video game. I just have one giant chart on my screen with the radio playing in the background. Plan/strategy: I will be trading $25K with a 4x margin (so $100K purchasing power). All profits/losses will be taken by day's end. I could lose it all, including margin, and it wouldn't register a hiccup for me right now. Of course, I will not be that stupid. If I lose my initial capital, that's it for me. Obviously I can't make it. Lesson learned. Buy some index funds and retire. My "plan" is to trade a single index via 1,000 shares of a leveraged index ETF at a time. I'm not sure how smart this plan is these days, given that the ETF I've been looking at has very low volume recently. I may need to find a higher-volume ETF. My "strategy" is to trade intra-day resistance and support. It sounds retarded already. Training: I will be training using IB's paper trading for 1.5* months using the above defined margin account. If I cannot make a reasonable, consistent profit using IB's paper trading after 1.5 months, I will buy some index funds and retire. I will give myself a leading two weeks to learn the ins and outs of trading with ChartTrader. Wish me luck. Subscribe for lulz. Not for insight. * 1.5 months may be 2.5 months. Haven't decided yet.