The US market isn’t the only one with opportunity. Canadian traders have had lots of swing trading opportunities recently as well. Below are some of the Canadian and US trades I have published over the last couple months. It is a good time to be swing trading…none of the swing trades I have published have produced a loss in the last several months! Although, that could change as some of these trades are still open. Below is a sampling of recent trades.
Here are some recent trades, with a bit of information on each.
Recent Canadian Stock Trades
First up: CIA.TO recently hit its price target. The trade had a 4:1 reward:risk, meaning if you risked $500 you made $2000 in profit. The chart shows how the stock looked when the chart was published. Click the “play button” to see how the price action unfolded. Note that on the Canadian exchange I will trade stocks priced near $1 or above, because the Canadian market is smaller and I don’t want to unnecessarily eliminate a good opportunity just because of the price. With US stocks, since there are usually more trades to choose from, I typically stick to trading stocks that are $5 and over.
MTY.TO is another trade, currently underway. Reward:Risk is 3.23:1. Not at the target yet, but currently showing a profit. If using the trailing stop loss, the take profit level is now above the entry point which should lock in a profit no matter what happens.
SAP.TO took off after the entry. It almost hit the 3.25:1 target, but not quite. They had earnings on Nov. 2, and in the Course I recommend getting out before earnings. Therefore, you would have sold just before that big dropped and netted a nearly 2:1 reward:risk…meaning if you risked $500 on the trade you made nearly $1000. SAP.TO is also setting up for another potential trade.
Other very recent trades on the Canadian market include PAAS.TO, FTG.TO and TECK.B.TO…all which are showing a profit and have moved above the entry price.
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