Day Trader Tips: How to Protect Yourself Against “Trading Ego”…



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Some of the most important day trader tips I can give you revolve around your emotions and psychology as a flawed human being. I truly wish I could sit here and tell beginner day traders that emotions and feelings can be completely turned off when you are trading online; however, that would be a lie. The best we can do as day traders is to be aware of how our human psychology works and then implement methods to help us fight against it. In this video I want to share with you a tip that I use in order to protect myself against “trading ego”. In order to have consistent money making success as a day trader, you certainly need to have confidence and trust in your strategies and ability as a trader. With that being said, there’s also a fine line that exists where you confidence can turn into ego. When this line has been crossed, you are setting yourself up for some very dangerous (and painful) consequences. I’ve been trading since 2006, or in other words, I have a whole lot of experience with the pain that trading ego brings with it for those who are unprepared. I hope this video demonstrates just how trading ego can arise, but even better, a practical solution that you can use to protect yourself against it!

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Interesting Facts About Panda Gold Coins

More and more countries nowadays mint gold coins and their utility is clearly reflected in the investment transactions. One of the most beautiful gold coins in the world is the Chinese Panda gold coin. The name says everything about it. The Chinese chose the panda bear on the reverse of the coin because according to their legends, human beings evolved from these animals.

The Giant Panda Pure Gold Coin

Collecting coins is a hobby shared by many persons. Some are glad to have a small collection of old coins, other take this hobby to the limit by enriching their collection with ancient coins or with coins made of precious metals.

Gold As an Investment Opportunity

The stock market has fluctuated significantly over the past decade, the housing market has collapsed, and the Euro’s reputation and value has tanked. A large number of banks and firms have failed due to a unstable economy and a lot of the notions of a good investment opportunity have changed. A money market account no longer gives you a better return than the rate of inflation.

Does Gold Present Good Investment Opportunities in a Down Economy?

When the economy is failing, people are tempted to keep their money under a mattress rather than investing it. This is one way to go, but a better idea is to find reliable investments that are low risk even during a poor economy. One of the best investment opportunities during a recession is gold, for a variety of reasons.

Investing in Silver Bullion Bars is a Smart Move

Investors throughout the world have been shaken by the recent crash in the stock markets and are now investing in safer havens such as gold and silver bullion bars. This is a smart move as it will also lessen the effect of inflation on the erosion of the investor’s wealth.

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