Hi guys, I'll be honest - I'm looking to get approved so I can make a posting on Goomboo's 44 page thread on his trading system. I believe I have some very important questions that needs to be answered and am absolutely DYING to get it posted so I can find out the answers. I have the comments all ready to go but just need to be green lighted.

That being said, one question I still don't have the answer on is... how the heck do you get money taken OUT of MtGox? So, someone could buy some BTC from Coinbase right now for $98.86 and have them in their account immediately (presuming they are fully approved). They send them to MtGox and sell them for $106.10. That leaves a gross profit of $7.24. Subtracting out the 1% fee from Coinbase leaves a theoretical profit of $6.26 per BTC meaning you could make $313 per day.

So, how the heck do you get money back out of MtGox? Do you have to wait for them to issue a check or something like that? Still, you'd think that if you had enough $ in your account, you could do this for awhile.

What's the catch?