Dec 11th

Looks like airline stocks (CAL/UAUA) and SNSS have strong breakouts, here's my closed-out trades so far as of 11:03am today in my IB account:



Also THANKS to the trader who asked me about SNSS in last night's ADXMastery.com webinar, I traded it this morning and made a nice win,
selling (as you can see above) at 1.82 and again at 2.4 (the near-exact TOP), here's the chart:




BUYING THE BOTTOM BOUNCE in GGWPQ Today (small shares, 35 shares at 10:15EST):

Here's proof of a successful entry in this stock today, you can see I entered at 7.52, a great bottom-bounce play:



This was one rare instance of where I added to a currently in-the-red existing swing trade, because it looked like a perfect oversold bottom to buy; in this case it worked out correctly. This was the sole trade I made in GGWPQ today. Unfortunately I'm in from higher on the total position, so it's still in the red a bit. We'll see what it does in the days ahead.
TIP: It sometimes takes a very long time to get a fill on "q" stocks like GGWPQ; it took a few minutes (!) to get a fill on this particular entry; that's one reason they're riskier than regular listed/nasdaq stocks.

__________________
Good trading,

Ken Calhoun, Pres.
http://www.TradeMastery.com (NEW for 2012)
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http://www.DaytradingUniversity.com
http://www.TradingTelevision.com
http://www.StockTradingSuccess.com (w/Steve Nison)

p.s. per sec/cftc/ftc regs, none of this is to be construed as trading recommendations, it's just for educational use only, so you can "peek over my shoulder" to see what I'm doing with some of my trades. See www.daytradingu.com/disclaim.htm for full disclaimer.
These pages contain excerpts of actual trades I've made; it's not a complete record of every single trade I make. Some days I'll take trading wins or losses that I do not take the time to screencap and post online; it's a partial record of some of my trades. Note that I am not making income nor profitability claims of any kind. Most traders lose regardless of what they do. The majority of my personal income comes from my training business. I try to capture the best highlights of successful days so you can see practical examples of what I'm trading. There are also days in which I incur losses (and wins) which are not shown. This is simply a partial record showing highlights of some of my successful trading days. No representation is being made that other traders, including customers, will be able to trade like I do. Generally expected (average/typical) trader results are that all traders incur trading losses and most do not become profitable, regardless of the training they get. Trading is a speculative, high-risk activity.