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

Tuesday, July 19, 2011

Canadian Stock of the Day Pick for July 20, 2011

Interesting... the Canadian market is so weighted by Financials and Resources it can be difficult to get a real feel for the market...  Nevertheless, we remain at a profit.

Let's take a look at where the portfolio is...

LLL.TO - purchase July 19 @ $58.75 closing the today @ $60.43, a 2.9% gain.  I'm raising my stop loss to $58.95 to ensure no losses in this turmoil.

For July 20th, I'm choosing WFE.TO @ $7.59 with a stop loss @ $7.49.


So far, I have had four stocks up, one at even, and four losses.. for an overall profit of 6.2%.   

If your interested in a more stable approach to trading, consider the weekly model at where we cashed out (sold) 6 positions last week... 5 of which were at a profit.  We continue to hold some healthy gains, including one at 24% plus.

See you tomorrow! 

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