Misconception 2 * "It's the player that makes the music".

I have a cheap guitar and sounds good to me.

I´m trying do buy a wow wee paper guitar or somo type of plastic guitar. These kind of guitars will take you to the extreme.

Another thing that i usually do is to play or practice sometimes (about 50% of the time) with the electric guitar unplugged, like Hendrix usually did. This refine your technique and sound.