I had an excellent year in 2015 trading Canadian National Railway Stock on the Toronto Stock Exchange. I have waited for another opportunity to get into more trades in the stock but I wanted to do so below the $72.00 or $70 valuations.
The correction has pressured the stock well below the $70.00 valuation which has allowed me to set up this next round of trades.
In any market protection is paramount but in a down market that could easily turn into a bear market, it is key to surviving with my capital intact. This trade is designed to do just that.
By having a detailed plan in place from the start of the trade I am prepared for any eventuality and can trade without being caught in the emotions that often accompany a bear market or collapsing stock. It also means the profit in the trade can not just be protected but can be enlarged upon.
CNR Stock – Trade Alert and Trade Ideas
Here is the outline of that trade along with a discussion on handling any unexpected decline in the stock’s value………….. the rest of this article is for FullyInformed Members.
Trade Alert – CNR Stock – Jan 21 2016
FullyInformed Canada Members can review the latest CNR Stock trade alert and strategy discussion directly through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of being a member.
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.