Thursday, April 05, 2007
Ever since the release of the The Secretthe Law of Attraction has garnered a lot of attention. There are quite a number of blogs that talk about the LOA. One that I follow regularly is Breathing Prosperity. Ophelia, one of the authors has a new post titled "Law of Attraction:What's in a name?". When I started this blog I intended for it to be a journal of my bad trades. After I found out about the LOA I always wondered if I chose the wrong name for my blog. The Law of Attraction states that you attract what you think into your life. My blog's title is One Bad Trade, thus there could be a possibility that I may be attracting bad trades into my trading. Some of you guys reading this post might say, man OBT, you are so gullible and that sounds like an excuse for your mediocre performance. I think it does not hurt to make a minor change. If changing a name could make me trade better than I will give it a try. From now on the title of my blog would be changed to One Bad-Ass Trade. I hope I can show you guys some bad ass trading examples in the future.
- I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.