Petra Picks Blog

How to Find Trades Around the Open

First off, if you didn’t get a chance to attend my free open house yesterday, and would like to watch the replay then here you go. One of the things I did during the open house was walk attendees through my morning routine. You see, I send out my video watchlist the...

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Preparation is Key to Trading Success

What’s it like to be a client of mine? It means you are one of the most prepared traders around. You see, while some traders like to “go with the flow” and “trade what they see” I like to be ready… and have: A list of symbols I’m considering trading A reason to get...

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How to Prevent Overtrading

When I first started taking trading seriously about a decade ago, I liked the action. I believed that the more trades I got into, the better the odds of me making money. Which is only true if you have an edge! Which wasn’t the case for me back then. In fact, I spent...

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Risk Management 101: Weighing Risk and Reward

For those who don’t know, I’m all about properly managing my risk. You see, I wasn’t always a trader… in fact, I didn’t start trading until the age of 50, after my broker lost 50% of my money. Once I realized they weren’t treating my account with the care it needed… I...

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How to Spot Support and Resistance

The markets are closed today in observance of the Fourth of July Holiday. However, that doesn’t mean that we can’t use part of this day to develop some of our skills and trading knowledge. For example, one of the most difficult concepts to learn is structuring a trade...

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How to Enter Stop and Limit Orders

When I first started taking trading seriously about ten years ago, I found the stock market to be fun and exciting… … that is until I found out how fast and easy it was to LOSE money. For the first two years of my trading journey, I was gathering data about myself,...

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The Mechanics Behind This Move in Gold Prices

The first-half of the year is almost behind us, and what a start it’s been for stocks. Barring any hiccups, it’s going to be one of the best first-half starts for S&P 500 stocks in over two decades. With the S&P 500 near all-time highs, you’d think there would...

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Common Misconceptions About Trading

The first half of 2019 is almost behind us. Have you reached your trading goals? If you haven’t, don’t be discouraged. Success in trading is a marathon, not a sprint. I didn’t take trading seriously until I was 50… However, I have since gone on and made more than $2M...

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Developing a Watch List

One of the reasons I’ve been able to score more than $2M in career trading profits has been my disciplined approach to trading. It starts the night before with my watchlist that I send out to clients every night.  My watchlist consists of stocks that are “technically...

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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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