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.

Thursday, August 25, 2011

Canadian Stock of the Day for August 26, 2011


Here comes the Big Bernanke Day.
Will anyone be impressed?

Let's take a look at where we stand.

August 24th, I chose TOU.TO @ $31.36 with a stop loss @ $31.04.  It triggered and ran up hard late in the day, closing at $32.05, a 3.3% gain.  I raised my stop loss to $31.36 and triggered the sale to protect the capital. 

For August 25th, I'm choosing VRX.V @ $42.22 with a stop loss @ $41.80.  It triggered both the purchase and sale for a 1% loss.

For August 26th, I'm choosing ELD.TO @ $19.27 with a stop loss @ $19.08.

UPDATE

So far, I have had 7 stocks up, 2 at even, and 9 losses.. for an overall profit of 10.1%.   

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.   

See you tomorrow! 

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