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Stock Market Tutorial Never Try And Catch A Falling Knife Like BP

Posted On : April 14th, 2012 | Updated On : April 22nd, 2012

A viewer response episode in which a viewer asks, "I bought BP last week at $37.52. I am holding long term. Good value or too much risk?" Watch as Lance scolds a stock trader for buying BP. In this stock market tutorial, Lance explains that going long in a stock that is in a strong downtrend is like trying to catch a falling knife. You may get lucky and really nail a trade but doing this long term, year after year, is a recipe for going broke in the stock market. Look over Lance's shoulder as he performs technical analysis on BP.

[youtube uGvh8YKlQI4]

Posted in : stock market
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Comment:

"Purchased LEAP 10k @ $4.99, out at $5.90, yes sir! Locked in $10,000 in one sweep, the chart lit up like Christmas!" Out Of The Slums Rise Tomorrow's Titans!