Planning Optimizes Profits – Trade Alert and Strategy Discussion – Royal Bank of Canada Stock (RY) for Oct 29 2014

Royal Bank of Canada is one of those stocks I feel I can trade within my portfolio and know that even if the trade fails, the stock is still a winner. With a rising dividend yield on its stock, this exceptionally well-managed bank stands out among banking stocks around the world. I have traded with Royal Bank of Canada Stock for 4 decades. I cannot remember a trade in the stock that I did not like. Even when the stock plunged during a trade and left me assigned when I had hoped not to own shares, I still enjoyed owning shares, picking up the dividend and continuing to trade more positions in RY Stock.

Aiming For 12 to 15 Percent Annual Returns in Royal Bank Of Canada Stock

Designed properly, combining stock ownership with Dividends, Put Selling and Covered Calls, I can easily generate 12 to 15 percent annually with Royal Bank of Canada stock. I can boost the return even more if I want to trade more often in Royal Bank Of Canada Stock.

The Importance Of Planning In Every Trade

To optimize returns as much as possible, investors must have a plan. I have written many articles about the importance of planning. I cannot stress it enough. By having a plan you can avoid being panicked out of a position and taking losses. By having a plan you know in advance what the next step will be in a trade. Truly, planning is everything when it comes to successfully earning the best profits and protecting capital from losses and Royal Bank stock lends itself to planning. Planning allows an investor to optimize their profits and guard against trading through emotions rather than logic.

I have written a number of articles discussing the importance of planning in investing. This link lists many articles on the topic of planning.

Royal Bank of Canada Stock – Planning Optimizes Profits

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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.