Have you ever heard someone say:
“The safest place to stand during an earthquake is in a doorway.”
Or how about:
“Using a cell phone while pumping gas can cause an explosion.”
Or perhaps you’ve even heard:
“Microwaving metal will blow up the microwave.”
We hear these types of statements all the time, and we often accept them as facts, not just in life but also in trading. I’m sure you’ve heard some of these old school trading wisdoms before:
“Complex optimizations lead to curve fitting.”
“Simple strategies are better than complex strategies.”
“A good trading strategy needs to have a strong ‘rationale’.”
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But are these types of trading wisdoms actually true, or are they myths?
In the August 2020 issue of “The Empowered Trader” club newsletter, Tomas explores 3 of the most popular trading wisdoms to determine if they’re real or myths.
We’re calling it a special “MythBusters” issue, in honor of the TV show MythBusters (which incidentally tested the 3 myths at the top – I won’t tell you what the results were though, you’ll have to find out for yourself!).
If you’re already an Empowered Trader member, look out for it in your mailbox in the next few weeks.
If you’re not an Empowered Trader member yet (or don’t even know what it’s about), you can find more details here.
Plus, this is the last time you can join ET club at the special “Launch Discount” price. From next month the price goes up, so lock in the super-low price (for the lifetime of your membership) while you can.
Andrew and Tomas.
PS. Tomas just released a short video sharing an effective way to accelerate your trading and it’s pretty impressive – check it out here:
Given up on your trading yet?
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