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 8, 2011

Canadian Stock of the Day Pick for June 9, 2011

Here's some things you need to know as you follow along:
  • These are not recommendations.  I'm not a professional financial advisor and I do not make recommendations.  These are my personal picks that I share with you for entertainment purposes only.  
  • These are short term picks.  Personally, I prefer to use a Weekly approach, based on strong fundamentals and weekly technical indicators.  In fact, I've been quite successful in presenting weekly picks to my subscribers at www.investinthemarkets.com.  But, if you're looking for something a little more "active" than this might be a great place for you too.
  • Stop losses are necessary.  I'll always place a stop loss on every trade... to minimize my risk while allowing for maximum returns.  
  • US and Small Cap stock picks are also available.  For those looking for other options, consider the following sites:
If you ever have any questions, feel free to email me at contactdoctorstock@gmail.com.

Now, for the June 9, 2011 Canadian Stock of the Day Pick.
  • For June 9th, I'm choosing LIF.UN.TO @ $68.58 (stop loss at $67.88).
See you tomorrow!


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