Patrick Brik, BAS, CFA, CMT

Patrick Brik is a research analyst and editor at Lombardi Financial. His investment philosophy is based on merging fundamental and technical analysis in an effort to produce timely and actionable investment ideas.

Patrick has accumulated 18 years of trading experience, which include 13 years of private wealth management at Nesbitt Burns. Patrick is a graduate of York University’s business program and has recently attained both the CFA and CMT designations.

Get to Know Patrick…

What was your first investment?

My first investment was Loewen Group in 1998. I can’t recall exactly what drew me to buy that position other than it sitting at its 52-week low. After weeks of news circulating regarding a pending bankruptcy, I finally got out at a small loss. I decided I should pursue a more diligent route in my investing. It was at that point that I came across an article on the art of technical analysis and I was hooked.

What is it about technical analysis that is so intriguing to you?

I always wanted to know why certain stocks and sectors moved up or down in any given timeframe. Technical analysis explained the concepts of trends and how a price chart can give insight to ebbs and flows. Technical analysis simplifies investments into an orderly system that allows the framework to produce a profitable trading strategy.

What’s the most important advice you would offer to investors?

Always define your risk-and-return objectives prior to making an investment. A defined exit strategy is the cornerstone of a profitable investing strategy. Set your risk as a stop, thus eliminating any emotional biases that may present themselves if the position moves against you.

Patrick Brik's Articles

NBEV Stock Is Still in the Early Innings of Its Advance The House and Senate have finally reached a deal on the farm bill, and the lawmakers are expected to vote on it later this week. This is exciting news, especially for marijuana stock investors, because there is…

BIOS Stock: Playing Offense With This Defensive Healthcare Stock The markets are on the defensive as high-flying growth names like Facebook, Inc. (NASDAQ:FB), Netflix, Inc. (NASDAQ:NFLX), and NVIDIA Corporation (NASDAQ:NVDA) have become inundated with selling pressure. Money is rotating out of growth stocks like these ones and into defensive sectors…

Sunrun Stock Is a Bright Spot in a Gloomy Market I am almost certain that many investors are frustrated with the performance of the market in recent weeks and, more importantly, their own investments. I am here to spread some holiday cheer because it is that time of year.…

CRON Stock: Looking for the Next Catalyst to Spark a Rally There is chatter in the Twitterverse that a farm bill is set to be passed in the United States that would remove hemp's designation as a controlled substance. The legislation would make it legal to grow hemp…

The Entire Marijuana Stock Sector Hangs in the Balance Canada has gone and done it. Marijuana is now legal, so the question is, now what? The reason why I am asking this question is because I get this feeling like marijuana stock investors are all standing in a…

NIO Stock: Waiting on the Smart Money for Direction It is not a secret that China is known for ripping off ideas and creating knockoffs. We have seen a range of knockoff products come to market like clothing, jewelry, and even electronics. Now, not even the automotive industry is…

GOOG Stock: This Is a Warning of Things to Come My outlook for the equity markets suddenly soured in early October. There were a lot of indications that caused this, but nothing as influential as the technical damage that was sustained on the Alphabet Inc (NASDAQ:GOOG) stock chart.…

CELG Stock: A Bear Market in Development If you are having a difficult time with the current market conditions, I have bad news to share. It is difficult for me because I do not like to be the bearer of bad news, but I am still going to…

TRVG Stock: If Only the Markets Would Just Cooperate November is drawing to a close, and the seasonal rally that usually starts around this time has yet to show its face. In fact, the seasonal rally that I have been expecting has been completely absent. Instead, the markets…

WTER Stock: Waiting for the Necessary Signals I was not kidding when I described the current stock market conditions as turbulent. The wild swings that stocks have been experiencing are on par with a wild roller-coaster ride. The price action in the marijuana stock sector has been no…

BIDU Stock: Support Must Hold or Much Lower Prices Are Likely to Follow For those who do not follow my work on a regular basis, let me reiterate where I stand on this market. I believe that the selling pressure that has recently inundated the markets has done…

SPOT Stock: Looking Down into an Abyss The current stock market environment is atrocious. The selling pressure that hit the major market indices in October has done its share of technical damage. The stocks that had been the pillars of support sustaining this bull market have begun to…

VKTX Stock Must Maintain Its Footing Above This Level of Price Support In the late stages of a bull market, technical price patterns tend to fail, trapping investors into trades that they perceived as bullish. As they scurry to exit the trade, a violent reaction toward lower prices…

CIEN Stock: Still Destined to Test $50.00 The current market conditions are not exactly something you want to brag about. They have been less than stellar, and that is putting things lightly. Since the first weeks of October, I have expressed concerns with this market. I warned about…

TAKOF Stock: The Future Is Now As a kid, I remembered watching a cartoon called The Jetsons. This cartoon was a take on a future when robots were maids, 3D printing devices made food, and vehicles could fly. I was under the age of 10 at the time,…

TSLA Stock: Watching and Waiting Is Still the Best Course of Action Making heads or tail of the direction Tesla Inc (NASDAQ:TSLA) stock is heading in next has probably been a frustrating ordeal. TSLA stock has been gyrating in each direction, and just as it seems like its ready to…

PTOTF Stock: Geared Toward Higher Stock Prices October was a terrible month for stocks. The major market indices were caught in violent correction during this month and I could not be happier to see it finally come to a close. We have now entered the November, and I…

BIOS Stock: Has a Bull Market Begun Its Development? I have good and bad  news to share. Let’s begin with the bad, and get it over with. October was a terrible month for the stock market. The sell-off that struck the market has done such a degree of…