Paul - Great post! Thanks for the advice! One of the reasons I will not start this endeavor until January 2007 is because of posts like yours. Yours is a well thought out strategy.
Interesting--be firm on stop-losses rather than the 3.1% gain limit... hmmmmmm. I will certainly consider it!
I am taking this all in. The IBox rules are definitely flexible until the first day of trading in January (exact date TBD).