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.
Posted in : stock market
Calendar


