Patrick Brik,CFA, BAS

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

AVAV Stock: Bullish on a Number of Timeframes For the first time in weeks, the volatility index has finally been able to close below 20, which is great news because anything above 20 is worrisome. Closing below 20 is suggesting that volatility is now likely to subside, and…

WTI Stock: A Significant Bottom Has Been Forged The market environment has been a tenuous one at best, but I have good news to share. The elevated level of volatility that was responsible for creating the wild swings in the market has finally subsided, and the market environment…

GENE Stock: A Powerful Price Pattern in Development The wild swings that have characterized the first quarter of 2018 continue, and emotions are running high as investors are trying to come to grips with a number of market-moving events. This uneasiness in the markets has caused the volatility…

XRP Prices: Patience Is Warranted 2017 was a great year for investors, where the market environment was characterized by a constant barrage of new all-time highs, low volatility, and a number of high-flying sectors taking center stage. 2018 is turning out to be a whole different beast; a…

FFIV Stock: Resistance Is Finally Broken The stock market backdrop hasn't changed in recent weeks, as volatility remains elevated and investors remain skittish. Elevated levels of volatility aren't conducive to markets that are set to appreciate in value, but don't let that fool you; it doesn't mean there…

OGRMF Stock: Patience Is Warranted, and Weakness Should Be Embraced Ever since late January, the markets have been inundated with elevated levels of volatility, and as a result, the markets have been experiencing wild market swings. Elevated levels of volatility are associated with weak markets, so it should come…

AJRD Stock: A Move Toward Higher Stock Prices Is on the Horizon I have spoken to a lot of traders, and they much preferred the trading action that characterized the markets all of last year. The current market environment has them second-guessing their positions almost instantly because the…

VSTM Stock Is Geared Toward Higher Prices Since late January, the stock market has been under duress, inundated with selling pressure. The consistent generation of new highs that characterized the price action last year has ceased. The current environment is nothing like the one that preceded it. Last…

AXAS Stock: The Technical Price Pattern Is Approaching Completion The markets are continuing their wild ways, and big swings have become the norm. This is definitely an unnerving market environment, but there is always a bull market somewhere, you just have to be on the lookout for it.…

CDE Stock: The Wheels Have Been Set in Motion The wild roller coaster ride that has characterized 2018 continues. The markets are experiencing elevated levels of volatility, which is responsible for the wild swings that the markets are currently enduring. These wild swings are the markets' way of…

FCEL Stock: A Symmetrical Triangle Is Approaching Completion Well, I must say, this market might be unnerving for some, but at least it is consistent. This market continues to be characterized by wild swings, which means volatility remains elevated. Volatility remains high because the investment community is trying…

HFC Stock: On the Verge of a Breakout It is really hard to get a foothold on which direction the market is going to move in on any given day. The trading ranges have been so large that any indications from pre-market activity have been of little or…

GBT Stock: Successful Backtest Acts Like a Springboard The market indices are currently plagued by wild market swings, and the elevated level of volatility that began at the end of January continues to dominate the trading action. This is an unsettling time for passive investors because markets that…

SNAP Stock: Testing a Very Important Level of Price Support This is really a tumultuous market characterized by extreme levels of volatility as the market tries to come to grips with the notion of higher interest rates and the prospects of a trade war. These wild swings are difficult…

ICPT Stock: Is a Bottom Finally Being Forged? Since the end of January 2018, the markets have been under duress, volatility has been elevated, and wild market swings are a daily occurrence. This price action can be unnerving for investors because stocks can fluctuate by large percentage points on…

SENS Stock: A Technical Price Pattern Is Approaching Completion Market volatility is the current theme for 2018, and it is causing quite the treacherous market environment as the market continues to swing violently. The market indices have been testing important levels of price support in recent days and,…

AMX Stock: This Wave Structure Cannot Be Dismissed Coming to grips with this market is a really difficult task because volatility remains elevated and, as a result, the daily swings are very violent. These markets can turn on a dime, and this whipsawing trading action will persist until…

CASI Stock: A Bullish Trend in Development The markets continue to swing wildly in both directions as volatility remains elevated. This frenetic price action is a result of the markets trying to come to grips with a number of market-moving events, ranging from the prospects of higher interest…