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

PTN Stock: A Completed Backtest Acts Like a Springboard The current trading environment is no longer like the walk in the park that characterized 2017. 2018 is quite the opposite, as that low-volatility environment has given way to a treacherous high-volatility environment where violent gyrations in price have become…

AAXN Stock Chart Suggests That $68.00 Is a Viable Price Objective The markets are currently testing every important and influential level of price support, but whether these levels hold is something that will have to be seen. There is one aspect of this market that I am confident in proclaiming,…

INNT Stock: The Previous All-Time High Is Fast Approaching I am sure we can agree that the current investment environment is a difficult one to endure. This notion of a difficult market is especially true for those who are inclined to carry only long positions, because a market…

MITL Stock: Indications Support Higher Prices The current market environment is treacherous, and as long as volatility remains elevated, this market is best suited for those who are inclined to short, because elevated levels of volatility are conducive to markets geared toward lower stock prices. This is obviously…

EGN Stock: Anticipating a Breakout Fear is high and rising. The volatility index (VIX), which is also known as the fear index, currently resides at 21.3. Any reading above 20 is an elevated reading, suggesting that investors are concerned and are consequently bidding up the price of protection…

AMD Stock: A Potential Trend Reversal? The stock market is experiencing turbulence as investors are trying to come to grips with a barrage of market-moving news events ranging from higher interest rates to a potential trade war. It’s fair to say that emotions are running high, and it…

EL Stock Chart Indicators Embedded Until They Are Not The first three months of the year have just concluded, and they were not fun for stock investors, to say the least. Volatility has reared its ugly head, causing the markets to swing wildly. With it, emotions are running…

RYAM Stock: One of Only a Handful The same old story continues. Volatility is elevated, the markets are gyrating violently, and emotions are starting to run high. As a result, this type of price action is conducive of lower index values because many investors would rather seek shelter…

DNR Stock: Signals Are in Bullish Alignment The wild trading action continues, and while these gyrating moves in the markets are good for traders, they can be really unnerving for passive investors. Markets that are characterized with elevated levels of volatility, like they are now, are transitional in…

DYN Stock: Showing Signs of Inherent Strength The current market environment is downright dreadful. Volatility is high, and it has been elevated since late January. High volatility is conducive to lower index values and, as long as volatility remains elevated, lower index values will prevail. The only solace…

NOC Stock: Bullish Until It's Not The markets have changed, and the spike in both interest rates and volatility that occurred earlier this year was the catalyst for this change. This market was geared to passive investors because the markets were forging new highs on a daily basis. These…

OSTK Stock's Path of Least Resistance Is Toward Lower Prices Trade wars are center stage, and it is giving investors anxiety. As a result, volatility levels are high and rising. Violent market swings are becoming a daily occurrence. Like emotions, the violent swings that accompany high volatility do…

GOOGL Stock: As Goes Google, so Does the Market If I had to use one word to describe this market, it would be bipolar, and the reason is quite simple. Ever since late January, the market has been experiencing wild swings in both directions and the trading action…

MNTA Stock: Watching and Waiting for a Break Above Resistance It was only a few months ago that a madman could be testing nuclear bombs and the markets would just shrug off this news as if it never occurred. This era was marked by low volatility, and nothing…

PTN Stock: Indicators Are in Bullish Alignment The markets are under duress and the thoughts of a trade war have sent chills down the spines of investors. Volatility remains elevated, and anyone who has been reading my publications understands that high volatility is not conducive to a bullish…

MEDFF Stock: A Resolution Is Days, if not Hours Away The marijuana stock sector is currently within the grips of a correction, but lower prices have done little to sway the enthusiasm for this sector as the investors who hunger for this sector remain unsatiated as they continue…

DVAX Stock: Primed for Higher Prices Trade wars have spooked the markets, and rightfully so. Nothing ever good has come out of a trade war, and as investors try to come to grips with these ever-evolving political events, the markets are gyrating in violent fashion. These violent swings…

FEYE Stock: A New Bull Market Is on the Horizon Not a day goes by that I don't wish I was in 2017 again. I reminisce about the days where the markets would climb day in, day out, and investing was like a walk in the park on…

P Stock: Awaiting Confirmation I am actually getting tired of watching the markets gyrate in different directions on a day-to-day basis. Volatility remains high, and this is not a condition that is conducive to a strong market. However, I still remain in the camp that believes that higher…