Post
Topic
Board Speculation
Re: Goomboo's Journal
by
lebing
on 12/03/2014, 09:20:08 UTC
As there is a lack of skepticism around motivation in this thread, I thought I should weight in here with a few cents.

Traders are in this business to make money. Even if they are "helping to educate", they still have their own motivation for doing so. I'm not saying that what Goomboo is doing is wrong, but I am saying that he is probably making a lot of money off of the people that are blindly following his advice in this thread.

For example: a trader that uses trading signals (especially bots) to execute trades regardless of other factors is highly predictable. In trading, probability is everything and if one is able to isolate exactly when others are going to be making trades, there is a huge amount of money to be made doing so because you can stack the orderbook to counter such trades. In this thread, he outlines exactly how to use predictable variables to find your own strategy. There are generations of programs that have been developed over the last 30 years that can detect these strategies (using pattern analysis) and bet against them to take the money that would have been made from these strategies.

With that in mind, be safe out there and happy trading.