Petra Picks Blog

Eat This Up

Continuing with my series of powerful candlestick patterns, today we are going to be looking at the Engulfing Candlestick formation. With my proficiency in technical analysis, I am choosing to share key points that find to be the most useful in real life trading… I am...

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Reversing the trend with the Inverted Hammer

Believe it or not, something as simple as a single candlestick can make a huge difference to your trade setups working or not. I’m not talking about any candlestick of course… I am referring to the Inverted Hammer. I have over a decade of experience using technical...

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Don’t let your fears affect your trading

Well, it’s Halloween. The time of year when you have to look out for frights and scares around every corner… While I can’t help you with those fears… I can help you with your fears about trading. You see, when it comes to trading… some people are just waiting for a...

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Pot Stock – Tilray Chart Analysis

I have a few main chart patterns that I look to when trading... Why? Because they work time and time again in any market condition. I call these my bread and butter setups. One of those trade setups is the Pinball… I run scans, analyze charts, and keep watchlists of...

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Using Goals to Become A Better Trader

We are all guilty of it. That crash Keto diet that got you swimsuit season fit. It felt great for a week… until you fell off the wagon and gained it back in a day… So what happened? You had a goal… you accomplished your goal… everything should be good, right? But it’s...

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A Stock in Motion Tends to Stay in Motion

I am going to show you how to ride the wave today… no not an ocean wave. I’m talking about trend trading… ... you’ve heard it before: The Trend is Your Friend But what’s it mean?! Think about a car in motion… even after you let off the gas, it is still moving quite...

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Kick the Boredom out of Trading

Trading is supposed to be exciting right? Sorry to say, but that’s not actually true… at least not if you want to make money. So many people get into trading with the idea that it’s going to be a lot of money quickly... over and over… constant movement… non stop...

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3 Keys to Stress Free Trading

Trading the stock market can be stressful. For whatever reason, when there is money on the line our body, mind and breathing patterns change. Stock prices fluctuate all over the place, information flows at a blink of an eye, and let’s not talk about all the stuff we...

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Market Double Top?

Within the next five minutes I am going to show you how to make money trading one of the most powerful chart patterns in all of technical analysis… The Double Top While the market continues to zig, zag, and bounce around—it’s patterns like the double top that are...

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Chop Suey: A Little of This and That

Little bit of up, Little bit of down… Little gap here, Big gap there… Probably not the best trading conditions, right? So what’s all this chop mean for us going forward? While I don’t have a crystal ball, here are my thoughts: One—more chop in the market can mean more...

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Pinball Wizard

When I look at a chart of the SPY lately, it reminds me of a pinball machine... Have you been noticing anything weird lately? I personally can’t help but see a pinball machine with the lights blinking, the ball being bounced around all over the place — no direction,...

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Building a Mental Fortress

You can call it grit, moxie, spunk, tenacity, or just good old determination. But whatever you call it, a strong mindset is a necessary trait if you want longevity as a trader.  If we lack confidence or are pessimistic—it will reflect in our performance. However, a...

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