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, September 1, 2011

Canadian Stock of the Day for September 2, 2011


I mentioned before the markets opened yesterday that the daily picture wasn't looking good...
and it turned out just as weak as it looked.


August 31st, I chose MG.TO @ $36.60.  It triggered at $37.19 and closed at the same.  I set my stop loss @ $36.82 and it triggered for the 1% loss.

September 1st, I chose TD.TO @ $77.97.  It triggered @ $78.49 and closed basically even.  I'm setting my stop loss @ $77.71.

September 2nd, I'm choosing AGU.TO @ $84.45.


UPDATE

So far, I have had 8 stocks up, 3 at even, and 11 losses.. for an overall profit of 11.2%.   

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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