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.

Wednesday, June 15, 2011

US Stock of the Day for June 16, 2011

For those of you who subscribe to the Weekly Newsletter, you wouldn't be surprised to see the markets down today after that little one day blip.  

For those following this daily approach, here's where we stand:
  • For June 14th, I chose GMCR @ $76.23 with a stop loss of $75.45.  
    • It triggered and closed today at $79.85, a 4.8% gain.  I'm keeping my stop loss @ $78.33, ensuring a 2.9% profit if it sells off.  If it continues to rise, I'll continue to benefit.
  • For June 15th, I chose HLF @ $55.08 with a stop loss of $54.53.  It triggered and sold for a 1% loss.
  • For June 16th, I'm choosing TZOO @ $62.33 with a stop loss @ $61.70.
So, our running tally has two purchases for an average return of 3.9%.

See you tomorrow!
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