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, June 15, 2011

Canadian Stock of the Day Pick for June 16, 2011

Beware of a one day result... it doesn't mean this longer term downward trend is done.

The benefit of the strategy I'm using on this site is when the markets fall, we protect our capital... and when they rise, we have the opportunity to see profits.
  • For June 16th, I'm choosing MG.TO @ $44.99 with a stop loss @ $44.50.
So far, the running tally reads EVEN.

See you tomorrow!

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