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.

Wednesday, February 23, 2011

Canadian Stock of the Day for February 24, 2011

Protect your capital always... and look for opportunities to profit!

Here's what is currently held:

YRI.TO was purchased at $12.03... and is now at $12.34, a 2.6% gain.  I'm moving the stop loss to $12.15 for a guaranteed profit.

NKO.TO triggered the stop loss for a 1% loss.

HXD.TO did not trigger the $8.37 purchase price.

For February 24, 2011 I'm choosing ECA.TO at $32.00 with a stop loss of $31.65.

See you tomorrow!
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