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The quicker you learn this lesson about being a day trader, the quicker you will be putting yourself in a position for long term success. The lesson? Somedays you are the puppet master as a trader, other days, YOU are the puppet. I realize when I state the obvious that whether you are a beginner day trader or a day trader with lots of experience, we all want to be the puppet master. We all want those days where it seems as though we can do no wrong, every decision we make turns out to be profitable and every direction we turn, we find “yet another” winning trade! Sure, these days absolutely exists in the world of online trading, but so do others. Other times, you’ll feel like you’re running through mud. You’ll feel like the market is totally rigged against you and that you can do no right. It’s okay! It happens! It does not mean you are a bad trader that needs to fix anything about your day trading strategy. It does not mean you need all of a sudden go into freak out mode. Just accept it! Understand that it happens! Let me show you an instance where I was no puppet master, but rather, the puppet….
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Storing Gold Coins – Safely!
If you own a collection of gold bullion coins, one of the issues you will face, sooner or later, is storage. Where can you keep your treasure safe? My answer is very simple: In the bank. I know a lot of bullion coin buyers, purchase precious metals, in part to move themselves as far away as possible from the banking system…but I believe that bank storage is unsurpassed for safety and peace of mind.3 Ways to Invest in Gold For Profit
Gold, it’s the ultimate cash hedge. It’s the one thing everyone respects and it’s been this way for generations. In the old days, the US dollar was backed by gold. Today, it’s backed only be expectations, which is why so many investors sink capital into gold. It’s the one tangible investment out there.The American Gold Buffalo Bullion Coin
Last year, the American Gold Buffalo bullion coin was enormously popular with collectors, and it seem that one again the demand for this beautiful coin will be high among coin enthusiasts and precious metal investors. The 2010 edition of these 24-karat gold bullion coins sold nearly 49,000 coins in just the first day of order taking by the United States Mint.Gold Investing – The Future of Precious Metals
From a very young age, humans are somehow intrinsically aware of the value and precious nature of gold. It has long held a special place of significance in our society, both as currency and as an adornment meant to please the eye and communicate a status symbol.Is it Better to Invest in Silver Or Gold in This Economy?
In 1970, the price of gold averaged $35.94/oz. By the end of the decade, its average was $306/oz, or an increase of about 1000%! Not a bad return. In 1970, the price of silver was only $1.63 per ounce. By the end of the decade, it had risen to almost $22 per ounce! This was an increase of around 1400%. Would you rather invest a smaller amount and receive a higher return? These past results make the future of silver attractive. Right now, silver prices are hovering in the range of $17 per ounce. Just imagine, silver prices skyrocketing to around $225 per ounce in the next year.
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