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.

Friday, July 29, 2011

US Stock of the Day for July 29, 2011

Insanity... Emotion... Politics...

Here's where the portfolio stands...

ISRG - purchase on July 18 @ $362.94 triggered a sale on Thursday @ $390.12, a 7.5% gain.   

For July 28th, I chose WYNN @ $165.36 with a stop loss @ $163.71.  I wrote: "I'm not really expecting this will trigger but I don't feel like shorting stocks in this volatile environment either."  It didn't trigger.

For July 29th, I'm choosing SBUX @ $40.90 with a stop loss @ $40.49.


OVERALL 

The Overall total return is 64.2% since my first purchase approximately 6 weeks ago.


So far... 8 winners... 2 even... and 7 losers (at -1% each, and one at 0.3%) for a great overall profit.

I would encourage you, especially if you're looking for a more stable, weekly approach to trading, to look at http://www.investinthemarkets.com/.  

See you tomorrow!
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