US Stock of the Day - Understanding How it Works

US Stock of the Day is for traders who are looking for a US Stock to trade each day. I base my picks on US Stocks I follow on the Nasdaq, Dow, S&P and other indices such as the Russell 1000, etc., watching for a swing in the momentum upward. I keep a tight stop loss on all trades to minimize my risk... and allow the great stock trades to continue rising. These are not recommendations... merely entertainment. Please see the warning at the bottom of this page.

If you have any questions, don't hesitate to contact me @ contactdoctorstock@gmail.com. For a Canadian stock of the Day, look at http://canadianstockoftheday.blogspot.com. Also, you may not be a short-term trader... for more stable, longer-term trades, check out http://investinthemarkets.com.

Tuesday, March 8, 2011

US Stock of the Day for March 9, 2011

On February 24, 2011, I chose RVBD @ $38.59 and it closed today @ $42.95, a 11% gain.  I'm splitting my stop loss into two orders.  The first sold on March 7 @ $42.70 for a 10% gain and the second is held at $39.40.

For March 8, 2011, I chose YOKU @ $43.55 with a stop loss at $43.00 and it triggered the same day, and closed up.  

For March 9, 2011, I'm choosing EXPE @ $21.83 with a stop loss at $21.30.

See you tomorrow!
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2 comments:

  1. sMarch 9, 2011 at 4:58 AM

    YOKU finished the day up but not after the stop loss sell triggered resulting in a loss on this pick.

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  2. Doctor StockMarch 9, 2011 at 5:47 PM

    Exactly, thus the stop loss being triggered the same day. Unfortunately, if one got in first thing in the morning, it would have triggered the sale. If one got in later, than it would still be held for a profit, but that is not the case based on the method used here. This is a rare occurrence but possible nevertheless.

    Cheers

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