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.

Friday, July 8, 2011

Canadian Stock of the Day Pick for July 8, 2011

Welcome back...

TDG.TO - chosen June 30th @ $8.30 and it closed today @ $8.62, a 4% gain.   I'm raising my stop loss to $8.53 since momentum is stalling here on the upside.

July 7th, I chose HXD.TO @ $8.90 with a stop loss @ $8.80, believing we may see the markets stall here and drop over the next 3-5 days... but it did not trigger.  I'm leaving this order in place for July 8th.

UPDATE

So far, I have had four stocks up, one at even, and three losses.. for an overall profit of 5.5%.  Sadly, this is well back of the http://usstockoftheday.blogspot.com/ where it's up approximately 60% since inception one month ago.

If your interested in a more stable approach to trading, consider the weekly model at http://investinthemarkets.com where recent profits on the top three stocks are approximately 18%, 14%, and 12% in less than two weeks.

See you tomorrow! 
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