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, June 21, 2011

US Stock of the Day for June 22, 2011

Well, here's where we stand...

GMCR - purchase on June 14 @ $76.23 sitting today @ $82.92, a 8.8% gain.   I'm raising my stop loss slightly to @ $80.26.

ISRG - purchase on June 17th @ $346.05 and it closed @ $351.65, a 1.5% gain.  I'm bumping my stop loss to $346.25.

On June 21st, I stuck with SINA @ $82.60.  It triggered and closed the day @ $92.04, a 11.4% gain.  I'm moving my stop loss up to $90.18.

OVERALL - With one stock closed out at -1%, the Overall total return is 20.7% so far in difficult market conditions.

So far... 3 winners... 1 loser for a great overall profit.

For June 22nd, I'm choosing TZOO @ $60.55 with a stop loss @ $59.94.

See you on tomorrow!
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2 comments:

  1. sJune 22, 2011 at 5:02 AM

    TZOO is already trading over your stop price at $62.75 pre-market. What do you suggest in this case? Buy at market price at the open or skip the purchase completely?

    ReplyDelete
  2. Doctor StockJune 22, 2011 at 9:18 PM

    Great Question. I set a limit... so any new position that opens (or looks like it will open) greater than 2% above my purchase price (which is always higher than the previous day's high), I bow out... and cancel the order. It simply increases the risk too much for me. That way, I avoid having a stock open high (let's say 5% up) and then close out on my stop loss, resulting in an immediate loss that is significant.

    Make sense?

    ReplyDelete

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