Have you ever seen the show MythBusters?
As a younger guy, I thought that was one of the coolest jobs ever. You get to grow fancy facial hair and wear protective gear and smash, slice, and shoot your way through different “myths” of physics or common sense? Sign me up!
Like, I don’t know what’s happening in that photo, but I want to be a part of it!
Now, I don’t know if I’ll ever get the chance to put on a suit of armor and run at a brick wall as fast as I can (although Nate and Graham would probably fund that opportunity for me if they could film it!)
But today, I decided to be a myth buster of a different sort…
I sent this message to the guys at ProsperityPub (Geof, Nate, Graham, and Jeffry) to get their thoughts…
“What is the number one myth traders believe that hurts their results?”
I got some great responses…
And I want to play a little bit of a fun game today. I want you to guess which guru sent which myth in.
Then, tomorrow, I’ll reveal who is who, and we’ll start taking the myths on one at a time so that we can get a deeper understanding of some fundamental truths of the market. Sound like a plan?
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Okay, here are the five myths I was given, and, I’ll go ahead and give you a freebie, the bonus one comes from our own Geof Smith.
So you have to match one each to Nate, Jeffry, and Graham, and then two to Geof.
Here they are:
- “Options are risky, stocks are safe”
- “Trade more, make more”
- “Call options are the best type of options”
- “The markets move because of logical reasons”
- “I’m right and the market is wrong”
So you have your assignment. How well do you know our experts and how they think?
Today, we’ll keep it shorter (I know I’ve been long-winded lately! Sorry to the non-baseball fans out there!)
Tomorrow, I’ll give you the answers, and we’ll start to talk about what these myths mean!
UPDATE: The answers are now available here.
Talk soon,
— Stephen Ground
Editor in Chief, ProsperityPub
