May 6th - Markets sold off hard.

Were you following my twitter.com/kencalhoun 'tweets' this past week, as I warned you of the impending selloff (and why I was wisely getting long in the short ETFs?)....

I ended the day net PROFITABLE in my IB account while the many other traders were crashing and burning with "blood in the streets"... here's some of my trades today (I also had a bunch of stops, but here's my wins, fyi; and today I ended up net green in my IB account w/realized profit for the day, which was great. This is "Just the Wins" for illustration, so you can see a selective example of some of my trades today. This is definitely NOT a complete record of all of my trading activity today, I had many dozens of trades today, many of which were stops. But I ended the day net profitable, which is good.):

Ken's WINNING SHORT ETF (and other) Trades Today, May 6th 2010:



Get this -- while the market was doing a nosedive:



I was boldly going where smart traders go, which was BUYING the SHORT ETFs and nailing it:




Do you see how I nailed the entries and exits in SHORT ETFs today, like I'd been telling you in twitter all week long???
Be sure to subscribe to my twitter feed if you're not already a fan, at www.twitter.com/kencalhoun.

Here's the Charts:
LOOK AT THE EXITS IN MY TRADES, LIKE FAZ TZA TODAY. NAILED IT. FLAWLESS VICTORY.

See above, where I sold the near-exact top, 300 shares FAZ at $15.71 (at 2:45pm) for a $265 Profit? Nice timing.

















Watch for a premium webinar coming soon on the topic. Days like this, I like to listen to Pink Floyd's great song "Money".


Trading INSIGHT: Professional traders traded the market one way (just look at the breakout volume in those charts today!).
But amateur losing traders probably traded it another way (panicking out of losing long stock positions, vs being in the short
ETFs in the first place, for example). Try to trade like a professional. Think about the difference. It counts.

Learn from a real trader.

__________________
Good trading,

Ken Calhoun, Pres.
http://www.TradeMastery.com (NEW for 2012)
http://www.BreakoutMastery.com
http://www.MomentumDoubler.com
http://www.TradeWebinars.com
http://www.ETFMastery.com
http://www.ADXMastery.com
http://www.ChartScans.com (daily alerts)
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.