I received an excellent question from one of our loyal members in regards to the short-trade I made in QQQQ today and it is as follows:

Let it Rip Folks! We went live with the SharePlanner Portfolio today - a live account that we show the profits, the losses, where we get in at, and where we get out at - there is nothing to hide! We also take into account our trading commissions and SEC Taxes (not fees - TAXES) into everyone of our trades. We have a Covestor account that we link ourselves up to, so that if you don't believe us, you can have Covestor provided you with the third party verification, so that you know what we saying is indeed true. We're not propelled to do this for any other reason but to convince you with legitimate proof that our style and method of trading is worth paying attention to and learning from, and even doing on your own.You can also sign up to receive our day-trade alerts for free by signing up and becoming a member (that is FREE too) and you'll receive the email alerting you to what I am putting my orders in for. Then you can follow us via Twitter for when we raise our stop-losses and when we get out of our positions.

We shorted QQQQ this afternoon after we saw a nice bit of consolidation form. Initially we were going to go long on the ETF, but when support fell through, we immediately switched course and shorted it instead. That's right, in this market you have to be flexible enough to change directions when you have to and we did. Our only regret, is that we got out too early! The stock broke down and we were sitting on descent gains.

Another video podcast posted tonight from the trade made in SPY earlier today. It wasn't an overly exciting trade by any means but the profit opportunity was there and should have been seized upon. There was also some nice trading patterns that is worth mentioning from the intraday double bottom to the doji hammer that formed our setup. It's worth the watch.

So what is all this talk about going live with a SharePlanner portfolio? Well, it's true - I have set up an account for SharePlanner representing $50,000. I will account for Trade Commissions, SEC Fees (one of the most ridiculous taxes ever) off of each of my trades - I will post the dollar amount in gains and losses and then provide you with the actual portfolio value. So how will you know whether I am full of hot air or telling the truth? Easy! I have set up an account with Covestor.com which tracks and verifies each of my trades for your viewing pleasure. So if I suck it up then you'll know, and if I do well, I'll make sure you know.

A lot of people doubt the legitimacy of day-trading, also known by some to be "price-scalping". I frankly could careless what you call it. What is important is that you are able to profit from it, and profit handidly too. So I am out with something to prove and I am taking it a step further for the whole world to see by putting my credibility at stake. So that at the end of the day, those .20 gains from QQQQ, .75 gains from DIA, and 2.00 gains from AAPL really do add up to something big.

So join the fun subscribe to the Day-Trade Alerts sent right to your mailbox - you can sign up on the Day-Trade section of the Member's Area (first you have to be a member - but don't worry - it's free).