Petra Picks Blog

How to Survive When the Market Turns on You

Here we go… two days into the month of October, and two days of big market losses to start the month off with a bang… What happened? Take your pick… to start the month off, on Oct. 1 manufacturing numbers came out weak and the very next day job growth numbers...

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How to Trade and Profit on Canadian Stocks

Odds are when you think of Canada your mind goes to extreme politeness, hockey, snow, and maple syrup. However, Canada is actually bursting with potential... And when it comes to Canada... buying foreign stocks does not have to be a foreign experience. A good way to...

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The Do’s and Don’ts of Swing Trading

Whether you want to leave your job, retire early, build your savings, or simply afford a better lifestyle—the opportunities are endless in the stock market.  However, the style of trading you decide to embark on may determine whether or not you’ll be successful.  You...

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You don’t have to be an analyst to read the market

Market internals are flaring up again… The SPY is at a critical level… it toyed with all-time highs for a week… as mentioned in my previous post… I wanted to wait for a pullback before jumping in…  Well, we have the pullback… what’s next? As we approach the start of...

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Higher Odds With Multiple Timeframe Analysis

So many of you get zoned into the minute by minute and tick by tick moves of a stock price during the day… After all, we are day traders, right? No matter what time frame you trade in, there is no good that ever will come from watching the tick by tick movement in a...

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Long-Term Buy Setup in AMT

The beauty of a trading system based on technical analysis is that the very same tools, patterns and setups can be used for multiple trading time frames...  Think about it… you may be trading for a living here… but what if you can also find secondary trades by using...

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Fibonacci Retracements and Targets

After inching back towards all-time highs… stocks remain mixed this week, despite yesterday’s Fed rate cut.  It may take a few days to fully absorb the Fed comments… However, there are opportunities in the market right now… that we can take advantage of.  In fact,...

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Make Your Own Luck

You might think trading is just a game of chance and luck… but that’s not true… And while there is so much we can’t control like— a tweet from a politician, a remark from a central banker, or even, an attack on a Saudi oil field.   Reality is crazier than fiction...

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Market Update: What to expect next

On Tuesday I wrote about the simplicity of support and resistance breakout points. I alluded to the SPY breaking above a key resistance level which it formed over the month of August… If you missed it, you can read it here... Today I want to take a minute to and...

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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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