Trade Alert – 10-20-30 Moving Averages Strategy On BCE Stock (BCE) – Sep 15 2014

There are significant differences between Canadian Stocks and US Stocks when traded on the Toronto Stock Exchange. The TSX for one thing is very small especially in comparison to the larger US Stock markets. For another, the market makers who maintain he various stock prices are more conservative and far less willing to keep bids and asks tight. Another area of concern are options which tend to be thinly traded and often have wide bid and ask spreads.

I have found that most of the strategies I developed for US Stocks have to be modified when used against Canadian stocks to be truly profitable. The 10-20-30 moving averages strategy is one such example.

BCE Stock and 10-20-30 Moving Averages Strategy

Today marks the second BCE Stock trade using the 10-20-30 moving averages strategy. The first trade started Aug 20 and ended last week. This is a full strategy discussion including an explanation of the exiting from the August 20 strategy and an outline of the entry signals today into another trade using the same strategy. The first trade returned 1.5% for 3 weeks of risk. Annualized this would provide 26% return on capital invested. Done properly and using the right signals this trade can provide excellent returns while controlling risk but it has to be applied properly and used against the right stocks. BCE stock and Fortis Energy Stock are two exceptional Canadian stocks for this strategy to be applied against.

The last 10-20-30 moving averages trade I did was August 20 and it was closed last week. Today I am entering a new 10-20-30 moving averages trade in BCE Stock but the signals being used are somewhat different than when used against US stocks, despite the same strategy being implemented.

This full strategy article reviews the 4 signals used to exit from the August 20th 10-20-30 moving averages strategy trade and the signals being used today to to enter the next 10-20-30 moving averages strategy trade.

This strategy article is for Canada members only.

BCE Stock Trade Alert – 10-20-30 Moving Averages Strategy

FullyInformed Canada Members can read the BCE Stock trade alert and strategy discussion directly through this link or they can sign in to the full Canada members site here. Non-members can join here.