Petra Picks Blog

Don’t Forget Your Homework

If you wake up just before the market opens and expect to make money that day… well, good luck to you… It may work sometimes and not others… but if you want to join the elite club of consistently profitable traders… then you need to get serious… ...and you need a...

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Simplicity of Support and Resistance Breakout Points

Support-and-resistance is one of the most widely used techniques in technical analysis - as it should be... It’s a simple technique with big value… You can see in the chart below that the SPY created a channel over the course of the last month, between support around...

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How to be Mentally Tough

For whatever reason, we all go through swings in emotion from time to time. But if you let those emotions get in the way of your trading… you might as well just flush your money down the toilet… Because it won’t end well… Listen, sometimes it’s best not to trade at...

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When to Buy a Bottom

As the market and all the confusion has taken a lot of stocks down with it… there are a lot of potential buys setting up. All stocks go through up and down cycles. While stocks can go to zero, most of them do not. The key is to know which down-trending stocks are...

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What’s Working NOW

It’s time to pivot and forget about what’s been happening... Everyone is talking about the same thing over and over…trade, interest rates, the economy, blah blah blah. The last thing you need to read about is how crazy the market has been... and how no one knows what...

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Simplify Options Trading With Chart Patterns

Keeping it simple really does pay. My options portfolio is up 165% since the start of the year. No, I’m not placing dozens of options trades a day... In fact, the average number of trades is just 2 per week - my best ideas - it can’t get simpler than that. How do I...

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3 Steps You Can Take Now to Improve Your Trading

Nobody ever says trading is easy… WAIT, yes they do... All the time actually (but you and I know better). Trading isn’t easy...BUT…  It Can Be! The key is having the right tools and guidance. But unfortunately, you can’t just read a book about technical analysis and...

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Roller Coaster Risk Management

Surprise, surprise… The markets have been extra volatile and range bound this past month. It’s been talked about to death… but that doesn’t change the fact it’s happening… And not likely to change anytime soon. So it’s important for you to stay alert. You can’t...

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Move It Or Lose It

The markets have been extremely volatile, and we’re heading into the end of summer… … and looking to September, there are catalysts that can potentially give us a clear direction. However, there are a lot of questions in the air:   What will Trump tweet next?...

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Trading Made Simple

Over the past few weeks, the stock market has been bouncing between critical support and resistance levels unable to find a direction. The S&P 500 ETF (SPY) has flirted with a major support level, the Death Line, at $282 twice… as well as testing resistance at...

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The Smart Money Options Trading Strategy

If you know anything about “the smart money” - they rarely lose… and when they trade options, that means they can leverage their capital and stack their chips fast with a high conviction rate. Today, I’m going to show you EXACTLY how the smart money trades options and...

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