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 @ For a Canadian stock of the Day, look at Also, you may not be a short-term trader... for more stable, longer-term trades, check out

Wednesday, June 22, 2011

US Stock of the Day for June 23, 2011

Well, here's where we stand...

GMCR - purchase on June 14 @ $76.23 sitting today @ $83.75, a 9.9% gain.   I'm keeping my stop loss @ $80.26.

ISRG - purchase on June 17th @ $346.05 and it closed @ $352.52, a 1.9% gain.  I'm keeping my stop loss @ $346.25.

On June 21st, I stuck with SINA @ $82.60.  It triggered and closed the day @ $92.04, a 11.4% gain.  Today, it triggered the sale at my stop loss price, set @ $90.18, for a total return with this position of 9.2%.

On June 22nd, I chose TZOO @ $60.55 with a stop loss @ $59.94.  It opened the day @ $62.39 and, therefore, I did not make the purchase since it was up over 3% of my purchase price.  

I stick to a 2% rule at open... if it looks like it is going to open greater than 2% above my purchase price on a new position, I sit it out... it simply increases the risk more than I'm comfortable.

OVERALL - With one stock closed out at -1%, the Overall total return is 20% so far in difficult market conditions.

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

For June 23rd, I'm choosing SPRD @ $13.83 with a stop loss @ $13.69.

See you on tomorrow!

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