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, August 23, 2011

US Stock of the Day for August 24, 2011


One of the most frustrating parts of this strategy is if you insert the stop loss after the purchase, on volatile days like today... it may trigger the buy and then the sale too.

Today's example has caused me to reevaluate this issue.  I'll backtest and make adjustments if needed.  It's all a matter of what risk one is willing to accept.

Let's see where we stand...

August 23rd, I chose HS @ $34.86 with a stop loss @ $34.51.  It trigger the buy, then the sale, then climbed higher.

For August 24th, I'm choosing JVA @ $16.61 with a stop loss @ $16.44.


OVERALL 

The Overall total return is 73.8% since my first purchase in June.


So far... 8 winners... 2 even... and 10 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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