“Well I’m a Hoodoo chile, Lord I’m hoodoo chile”

A “Hoodoo” in Wall Street’s folklore is a trader characterized by his/her excessive “bad luck”. A Hoodoo has what we call at TLofT the “Gift” or the ability to buy at the top and sell at the bottom.

I’ve to confess something to you, Fellow Traders: I lied to you in my previous post. I’ve been eaten alive by remorse and have not been able to sleep since, well actually I spent at least 15 minutes before I managed to feel asleep despite reading for the thousandth time “The Alchemy of Finance” (don’t worry, I still can’t understand it). In my previous post, I told you that I had a gut feeling that it will go really bad for Japan. False, it’s not really a gut feeling, I used one of the most powerful indicator that I know: the Hoodoo.

According to Victor Niederhoffer’s “Education of a Speculator”, a Hoodoo’s “bad luck” is highly contagious and one needs to run away from him/her as fast as possible to avoid to be personally hit by a financial disaster. While it is probably the highest of the risk I take in my trading, I like to play with fire and happen to be in contact with Hoodoos trying to profit myself from their Gift and hoping that I won’t be affected.


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