Petra Picks Blog

Take the Stress Out of Trading

Before I talk about the markets, I want to congratulate the King of the North,  Kawhi Leonard and the Toronto Raptors for winning the NBA Championship last night. It’s a fun time to be in Canada right now… Which means stepping away from the computer screen and...

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Technical Indicators to Spot Reversals

Stocks are set to open lower this morning, as it appears that the market has priced in the upcoming interest rate cuts which are expected to be made by the Fed over the next few months. That said, traders will be shifting their attention to the G-20 summit, which is...

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The Importance of Moving Averages

Stocks are getting another boost today, as positive trade news dominate headlines. That said,  the U.S. suspended plans to tariff Mexico over the weekend, which also gives hopes that a U.S.-China trade deal can be resolved soon. As for me, I don’t even bother that...

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How to Trade Stocks if You’re A Busy Professional

Stocks finished off Friday’s session in impressive fashion… and closing out the week with some of it’s best gains its had all year. A weak job numbers today pretty much sealed the deal that the Fed will be stepping in this year and cut rates… some Wall Street Analysts...

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How to Develop An Exit Plan

The market continues to be driven by news headlines, rumors, and tweets. And we’re seeing plenty of volatility, twists, and turns, because of it. If you’re new to trading, it can be overwhelming. I know, because I once frustrated and overwhelmed. You see, after my...

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Proper Risk Management is Key to Trading Success

Markets are having a tough time getting off the floor today. As corporate headlines regarding some of tech’s biggest names are pushing stocks lower. As fears of antitrust are hitting names like Apple, Amazon, Facebook, and Google. That said, the focus remains the...

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Stock Trading FAQs: Should You Chase?

The stock market is set to open lower this morning, as fears of a trade war grow larger.  Stocks are reacting to last night’s news after U.S. President Trump threatened Mexico with a 5% tariff on all of its imports (from June 10). The focus right now is on capital...

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How to Scan for Potential Trades

While the markets haven’t given us much to smile about lately… there is a lot to be excited about. You see, I was on the bench during the financial crisis of 2008… leaving the tough decision making to my broker… who carelessly lost half my account. Whether the trade...

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Developing the Trader’s Mindset

It’s a good time to be in Toronto… not only are the Raptors in the NBA Finals…But today is the first ever Petra Picks Conference which is being held at the Ritz Carlton. While the market isn’t giving us much in terms of volume and price action, it’s been a...

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7 Habits of Successful Traders

I’m not going to sugarcoat it for you… this is a tough market for swing trading. It seems like traders are reacting to every headline pertaining to trade talks that holding overnight positions has gotten riskier. It’s even more challenging if...

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Treat Your Trading Like A Business

Imagine if you were in charge of a business and your job was to figure out where to invest the firm’s capital where would you start? Will you go with what you “feel” like makes the most sense or rather rely on data? You see, some traders out there are just winging it…...

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