Canadian Stock Pick of the Day - Understanding How it Works

Canadian Stock of the Day is for traders who are looking for a Canadian Stock to trade each day. I base my picks on Canadian Stocks I follow on the TSX or Venture Exchange, 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 US stock of the Day, look at http://usstockoftheday.blogspot.com. Also, you may not be a short-term trader... for more stable, longer-term trades, check out http://investinthemarkets.com.

Wednesday, June 22, 2011

Canadian Stock of the Day Pick for June 23, 2011

There was a little optimism today... and I profited from it.

For June 21st, I chose SLW.TO @ $30.76.  I triggered @ $30.78 and rose to $31.86 for a profit of 3.5%.  I'm raising my stop loss to $31.08 for a guaranteed profit.

June 22nd, I chose ELD.TO @ $13.93 with a stop loss @ $13.78.  It triggered and closed @ $14.43, a gain of 3.6%.  I'm raising my stop loss to $14.14.

So far, I have had two stocks up, one at even, and now another one up... for an overall profit of 10.5%.

For June 23rd, I'm choosing TDG.TO @ $8.62 with a stop loss of $8.53.

See you tomorrow!
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