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, August 3, 2011

Canadian Stock of the Day Pick for August 3, 2011

Investing in uncertain times can bring a unique set of challenges...

Consider this article as you invest in the markets.


August 2nd, I chose WFE.TO @ $7.21 with a stop loss @ $7.11.  It triggered in the first minute and dove... before recovering.  Nevertheless, that's a 1% loss.

For August 3rd, I'm choosing NSU.TO @ $6.09 with a stop loss at $5.98.

UPDATE

So far, I have had five stocks up, one at even, and six losses.. for an overall profit of 5.3%.   

If your interested in a more stable approach to trading, consider the weekly model at http://investinthemarkets.com/ where we continue to make consistent returns without the stress that the daily markets may cause some investors.  We continue to hold some healthy gains, including one at 35% plus.

See you tomorrow! 
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