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HOW to catch a FALLING stock - YouTube
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hello friends welcome back to the
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channel so when the stock drops
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it's called a falling knife so when do
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you catch a falling knife there's only
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two decisions you can make number one
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catch it or number two you run you don't
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i want one no i don't want care little
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little what the [聽__聽] do you make a
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decision in life winners are those who
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make a decision even if it's a bad
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decision at least
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life moves forward there are so many
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decisions that we need to make on the
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day a week a month a year and if
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everything you are going to make a half
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past stance just stay where you are and
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rot when you can't make a firm decision
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one example is having a huge chunk of
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cash and slowly buying to a stock over
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the course of god knows how long
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it simply shows that you are not sure of
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what you are doing and obviously not
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enough confidence in your knowledge take
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your time
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slowly buy it here
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here
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and here take your own sweet time
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look around you look at the people who
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made it do you think they
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i want one no i don't want okay little
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litter
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the best time is today not tomorrow i
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want you to picture this you are a
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business owner and for every one dollar
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you put in you can generate ten dollars
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for every one dollar so do you continue
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putting in one dollar or you throw in
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everything you have
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and that is conviction and the test of
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knowledge and if you have confidence in
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anything it's only logical to take a
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stance back to catching a falling knife
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by all means catch it
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but you better have great fundamental
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knowledge else instead of trying to
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catch a knife i would rather wait for
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the skies to clear and buy a little
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higher when the trend changes from a
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down to a sideways
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low can go lower and even delisting
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those who say take a less risky approach
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by buying into companies like alibaba
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with attractive evaluations
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is that less risky but it's a it's a
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thing of art if you look at the vie
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structure for baba
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i mean it is a [聽__聽]
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babushka doll of nesting entities and
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this or that i don't know how any
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investor who bought chairs in alibaba
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actually took the time to understand
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what they were actually buying if you
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have conviction by all means man i like
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people who take a stance i know i'm
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going to piss a lot of people off but
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since when have i ever cared you know my
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goals and i do not earn a living doing
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youtube
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i have very little respect for educators
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who preach diversification
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it's not taking a stance like 10 this
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etf that etf so you diversify into a
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diversified product my god they do that
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so they can easily cover their esses if
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things go south most of these donkeys
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look up to warren buffett and i do too
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but warren buffett didn't get so rich by
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diversifying
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in his early days it's just for stocks
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so wrapping up this video is really not
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just about money it's about life and
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making a stance pick a direction and
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move have conviction in companies that
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you invest in is because
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that's the only thing you have left when
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the stock plunges
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that's the moment when lots of money is
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to be made
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i share my portfolio openly i created a
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playlist i'll link it below
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uh how i change my allocation when my
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high conviction stop drops at the end of
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it it's really your call whatever suits
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your boat i'm just putting out the
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difficult conversations for you to
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connect the dots and to suit your own
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style at the end of the day you're just
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investing i hope you learned something
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you know thumbs up and don't invest like
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uh
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[Applause]
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