Beware of Myths
Some years ago I shared a house with a group of day-traders. They operated on the NASDAQ every week day, playing the day trading game remotely. The deal was they traded and received payment for profits they generated and the number of transactions they made - they company providing the system and the funding took a percentage of profits and cut them off when losses where too high. Most days these guys lost money, occasionally they made some. I became interested and realized that there was an entire industry of websites, books, DVD's and training around how to make money. I kept hearing about this "one" guy who was making a fortune. Each day there were new stories of the heroics of this individual. I began thinking, if I was recruiting day traders and building an industry around the promise of riches, what would I do ? The answer of-course is "I would create a myth" - create some super-hero figure who achieved magical results and all those that follow aspire t...