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, August 3, 2011

US Stock of the Day for August 4, 2011

Markets continue to be fickle.

Before taking a look at today's US stock of the Day, take a peak at this article.

Here's where the portfolio stands...

August 2nd, I purchased EGO @ $17.75.   It closed @ $18.37, a 3.5% gain.  I'm raising my stop loss to $18.03.

For August 3rd, I chose NUS @ $41.35 with a stop loss of $40.94.  It did not trigger.

For August 4th, I'm choosing LULU @ $60.80 with a stop loss @ $60.20.


OVERALL 

The Overall total return is 66.7% since my first purchase approximately 7 weeks ago.


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