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, March 9, 2011

Canadian Stock of the Day for March 10, 2011

For March 3rd, I chose EXE.UN.TO at $10.70 and it closed Friday at $11.12, a 4.2% rise.  I'm keeping my two stop losses, one @ $10.85 and the other @ $11.00.

For March 8, 2011, I chose CCL.B.TO @ $32.73 with a stop loss order @ $32.40 but it didn't trigger... but I like this stock so much, I kept my order in place for March 9, 2011.

Still, it didn't trigger... so I move on...

For March 10, 2011, I'm choosing HXD.TO @ $8.42 with a stop loss at $8.25.  If Oil and Gold and the commodity markets keep dropping, I'll want to be in this one.

See you tomorrow!
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