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.

Tuesday, August 16, 2011

Canadian Stock of the Day for August 17, 2011


And so we slide...

Let's take a look at where we stand.

August 10, 2011, I added TOU.TO @ $31.04.  I placed my stop loss @ $33.15 yesterday and it triggered the sale for a profit of 6.8%.

August 16th, I chose LIF.UN.TO @ $33.83 with a stop loss @ $33.49. It did not trigger.

For August 17th, I'm choosing BCE.TO @ $38.55 with a stop loss @ $38.16.


UPDATE

So far, I have had 6 stocks up, 2 at even, and 7 losses.. for an overall profit of 11.1%.   

If your interested in a more stable approach to trading, consider the weekly model at http://investinthemarkets.com/ where we continue to make consistent returns without the stress that the daily markets may cause some investors.  We continue to hold some healthy gains, including one at 35% plus.

See you tomorrow! 
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