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.

Monday, July 4, 2011

Canadian Stock of the Day Pick for July 5, 2011

Welcome back...



ATH.TO - chosen June 29th @ $15.17 and it closed today @ $15.26, an even trade for now.  I'm keeping my stop loss @ $14.99.  TRIGGERED and sold for a 1% loss.

TDG.TO - chosen June 30th @ $8.30 and it closed today @ $8.73, a 5.2% gain.   I'm raising my stop loss to $8.38.

TCM.TO - chosen July 4th @ $9.90 with a stop loss at $9.80.  It triggered the stop loss and sold for a 1% loss.

July 5th, I chose TBE.TO @ $2.66 with a stop loss at $2.60.  It closed at $2.63.  I'm bumping my stop loss down one cent to $2.59... and I'll call this even until a more significant change.

For July 6th, I'm choosing NKO.TO @ $64.29 with a stop loss @ $63.64.


UPDATE

So far, I have had four stocks up, two at even, and two losses.. for an overall profit of 9.7%.






See you tomorrow! 
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