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Petra Picks is a stock-picking program that Raging Bull Investments own. It is a training program designed to help you learn how to trade stocks successfully within a month. You will get step-by-step coaching via various methods and tools.
You are required to open a broker account because you will do the trading yourself. However, you only get coaching and training with the Petra Picks services, but you will not get any stock trading done for you. You will also not access any computerized trading algorithms to use for stock markets.
The system will guide you on how to use a trading platform to launch your market trades.
How Petra Picks Began
Petra Hess, who leads it, established Petra Picks. She is an experienced stock trading whizz and was a businessperson in different sectors before setting up Petra Picks. She has worked in the cosmetics sector, telecommunications, and livestock businesses.
She began stock trading at 25 years old when she was able to raise one million dollars from her business ventures. This enabled her to start investing in the stock market. She used a broker to invest her earnings on her behalf and trade on the stock market. When her investment portfolio was reduced by more than half in one year during the financial crisis, she opted to run her portfolio to regain her lost earnings and reduce the risk of losing money again.
She was trained by James Bond, who is a renowned stock trader, and mentored by Jason Bull of Raging Bull Investments. She learned how to trade stocks and how the markets work. In the process, she gained experience in the US and Canadian stock markets, and Exchange Traded Funds (ETFs).
Extensive research she has carried out forms the basis of her experience and knowledge. The people she has coached have given good reviews on the programs they have done.
Petra Picks Products
Petra runs a coaching service for beginners and people who have some experience in trading in stocks and would like to see better results. Stories have been written about Petra Picks on credible online financial websites such as Yahoo Finance, Market Watch, and many others.
Based on her ability to provide well-researched analysis that provides a high success rate. She also runs risk management policies that govern her risk so that it is managed in a way that makes money but reduces the occurrences of losses.
Petra Picks has several products that are offered to interested parties. They include the Gold Program, Platinum, and Power Trading Programs.
The three plans have different advantages offered as below:
❑ Gold Program
This program costs $1,596 per year for the enrolment and membership fees. With this program, you get access to a stock watch list every day, enabling you to see what stocks are active. You get access to video training and online training, and you can get email and text messages of stock buying and stock selling alerts.
The platinum program costs $3,999 annually, which gives you access to stock watch lists in video format, get email and text messages, stock buying and selling alerts, and live coaching using webinars that are periodically run.
❑ Power Trading Programs
This program costs $1,999 monthly. The program ran in four parts:
It is a coaching service on trading securities that teaches you the skills to equip you to get better returns on your trades.
Petra Picks Refund and Cancellation Policy
Petra Picks does not refund any money once you have made the payment. You will not get a full or partial refund for any of the programs. Once you have made the payment for any of the programs, you will not re-access your money even if you cancel. To get into the program, you pay before you can access the training sessions.
You pay the total amount directly to Petra Picks using your credit card. There is no arrangement of any payment plan or monthly payment plan. Once Petra Picks receive the money, you immediately begin to receive newsletters with market leads, curated analytics, and trading stats that will show you the latest stocks news.
Because you start getting information immediately, then you will not get a partial or full refund even if you mistakenly choose the wrong product, pick a new promotional event, or incorrectly use a coupon code that costs you.
Once the duration of the program is over, the billing system will automatically renew your membership for the program you have been on. To cancel the automatic renewal plan, you must contact the customer service department and cancel the renewal.
For it to be effective, you must do it at least two business days before the automated renewal date. This cancellation policy is not flexible.
Who Will Benefit from Petra Picks Gold Services?
The services are great for people who are just starting in the trading stocks scene. This is because it is a great education tool for beginners. There is plenty of information and tips on winning strategies.
It is also great for people who do not have a lot of time to spend learning how to trade. With guaranteed results after the coaching and training sessions, you will be able to trade successfully after going through the sessions. This is great for people who want to trade part-time, for example, students or full-time employees looking to increase their income.
Petra Picks Training Fundamentals
Petra runs all programs using some fundamental ways to run the trading training.
What Next After Paying for Petra Picks Service
When you pay for your Petra Picks membership, you get log in details that enable you to access the member's website. You also get four videos on DVD that cover the four main topics and the six-step program dubbed Six Steps to Maximizing Your Trading Profits and Managing Risk.
Other services you have access to include charts, trading tools, and stock market indicators which are carefully curated after extensive research and testing.
The member's website, which is accessible once you pay and receive your log-in details, allows you access to her coaching sessions unlimited, at any time of the day for the duration of your membership. Live chat is available on the members' website, which gives quick access to Petra and the customer service department.
Is Petra Picks a Scam
Petra Picks is not a scam because it has received endorsements from several reputable financial websites and well-known trading investors. The company has been operating for eight years, and there are success stories from the coaching sessions. Petra Hess shares some of the trades she has done that have had great results, proving that she has vast experience in trading.
The presence of her website, the peer reviews, especially from a well-recognized trading expert such as Jeff Bishop, and the value got from the courses, proven from reviews, certifies that Petra Picks is not a scam.
Petra Picks Pros and Cons
We shall weigh some advantages and cons of the Petra Picks service:
Petra Picks Review Summary
Petra Picks has a specific system and learned skills set that is informative and useful if you are looking to learn more methods to increase your net worth. You also get education on ways to reduce the risk of losing your money. However, it is not a foolproof program that you will not lose any money at all. With trading, there is always a risk of losing some money as you get the hang of trading on the stock markets with the tips and products like the watch list and alerts you receive every day.
They are not registered as an investment advisor and therefore cannot offer legal investment advice. They are also not registered as a securities broker-dealer, which means that they cannot trade on your behalf. Consequently, you are required to set up your broker account to enable trading.
The service is expensive to enroll in. With the inflexible refund policy and strict cancellation policy, it is prudent to ensure that you are fully convinced that you will maximize the service and get a good return on your investment.
On Petra Picks' website, Petra Hess says she has retired from offering the service but states that the services are available on other Raging Bull affiliated companies. For existing members on her service, they will be automatically moved to the parent company, Raging Bull's other similar services.