Goomboo's Journal

[arruah]

Hi. What do you think about that soft?
http://code.google.com/p/ga-bitbot/wiki/QuickStartGuide

[Goomboo]

Annnd... you should now be long BTC due to the 10/21 cross.  Except, this time you're able to purchase 3 to 9% more BTC since you protected your USD from declining prices during the past month.

Followers of the system should still be long and sitting on an unrealized profit of 612%.  I highly encourage you to view these profits with skepticism however - "The trend is your friend until the bend at the end".

Best of luck

[Goomboo]

Just noticing the recent proliferation of "TO DA MOON" threads.  On a related note, check the release date of this book and see what the DOW did afterwards:

http://www.amazon.com/Dow-40-000-Strategies-Profiting/dp/0071351280/ref=sr_1_1?ie=UTF8&qid=1365031410&sr=8-1&keywords=dow+40000

There really is nothing new under the sun.

[humanitee]

Just noticing the recent proliferation of "TO DA MOON" threads.  On a related note, check the release date of this book and see what the DOW did afterwards:

http://www.amazon.com/Dow-40-000-Strategies-Profiting/dp/0071351280/ref=sr_1_1?ie=UTF8&qid=1365031410&sr=8-1&keywords=dow+40000

There really is nothing new under the sun.

*Except Bitcoin.

[Goomboo]

*Except Bitcoin.

So was mining for gold in the New World, the consolidated trading of national debt, and derivative-backed tulip trading.  You're probably still better off impartially following the trend and profiting from the crowd.

Best of luck with your trading


If anyone would like some perspective in these times, here's some great resources:

Devil Take the Hindmost: A History of Financial Speculation
Extraordinary Popular Delusions and The Madness of Crowds

[humanitee]

*Except Bitcoin.

So was mining for gold in the New World, the consolidated trading of national debt, and derivative-backed tulip trading.  You're probably still better off impartially following the trend and profiting from the crowd.

These are the best examples you have?
1) Was a material that has been around since the dawn of man. It also isn't technology.
2) Is a monopolistic, 1700's company
3) Is a flower that experiences death the moment you pick it

[Goomboo]

These are the best examples you have?

Best of luck with your trading

[humanitee]

These are the best examples you have?

Best of luck with your trading

Haha

Thank you for such sage wisdom up there. Glad you could defend it.

[Chalkbot]

I have found that the more simple and less elaborate I make my trading, the more profitable it becomes.

Well, he got one thing right. Buy and hold is the most profitable trading strategy!

[Vandroiy]

This thread. I'll never forget it! When I see trend-followers, I tell the story of Goomboo, the guy with the trailing averages and his comfy chair.

If I'm to predict the future, then after the next trend break, it'll be like after the last ones. Many of the loudest users now will have gone silent. Some new loud ones will appear, with a revolutionary method to get rich in weeks, posting how weak and stupid everyone else is. And, every once in a while, there'll be a post featuring a comfy chair.

[simplydt]

Annnd... you should now be long BTC due to the 10/21 cross.  Except, this time you're able to purchase 3 to 9% more BTC since you protected your USD from declining prices during the past month.

Followers of the system should still be long and sitting on an unrealized profit of 612%.  I highly encourage you to view these profits with skepticism however - "The trend is your friend until the bend at the end".

Best of luck

You just took 2 hours of my life, very interesting easy to follow thread. Thank you.

[Goomboo]

You just took 2 hours of my life, very interesting easy to follow thread. Thank you.

Definitely.  Glad you enjoyed it - best of luck in your trading.

[Goomboo]

"Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."
- http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

This smells like textbook pump and dump.
- There hasn't even been $100 million traded since this article was released, let alone purchased

I highly encourage all participants to ensure that they have an exit plan in place and the discipline to stick with it should price reverse.

[oakpacific]

"Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."
- http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

This smells like textbook pump and dump.
- There hasn't even been $100 million traded since this article was released, let alone purchased

I highly encourage all participants to ensure that they have an exit plan in place and the discipline to stick with it should price reverse.

Yes, so no pump yet. To pump and dump, you need to pump first.

I will believe it when I see the pump.

[kakobrekla]

O hey Goomboo, hows it going?

[BitcoinFX]

I have found that the more simple and less elaborate I make my trading, the more profitable it becomes.

Well, he got one thing right. Buy and hold is the most profitable trading strategy!

I for one couldn't agree more.

Forex traders may be interested in my free MACD Turbo EA. It's actually a re-coded version of the mql4 'MACD Sample'.

See: http://www.xerofx.com/free-ea.html (Live Myfxbook stats. as well, trading 'default' values.) I'm still optimizing some new settings.

We've added StopLoss, TrailingStop and a ReverseTP (when in profit), TradeTimes etc. It is basically an automated swing strategy, nice and simple.

It also works with ECN brokers and 4 or 5 digit price feeds. Open code.

I should read this entire thread when I have some more time. 

Thanks!

[silvermario]

"Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."
- http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

This smells like textbook pump and dump.
- There hasn't even been $100 million traded since this article was released, let alone purchased

I highly encourage all participants to ensure that they have an exit plan in place and the discipline to stick with it should price reverse.

Why haven't I read your thread 3 days ago?

Better late than never, now I just have to wait out couple of weeks before the situation settles down.

Thank you for your common sense approach posts.

Out of curiousity, can you tell what your exit point price was?

[dandirk]

"Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."
- http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

This smells like textbook pump and dump.
- There hasn't even been $100 million traded since this article was released, let alone purchased

I highly encourage all participants to ensure that they have an exit plan in place and the discipline to stick with it should price reverse.

Why haven't I read your thread 3 days ago?

Better late than never, now I just have to wait out couple of weeks before the situation settles down.

Thank you for your common sense approach posts.

Out of curiousity, can you tell what your exit point price was?

Hey Silver...  If you are talking about the Crash/Correction 2 days ago... If you follow the instructions on setting up the chart (first page of post... 6 posts down or so)... It looked like this system was calling for Sell at ~$230.  Now the catch is... with the mtgox lag... how much your sell order would have been at that point?  Since this method seems to get you in late and out late (can't tell the future!).  The mtGox issues and lag could have cost serious change but then again probably better then the alternative.  Then again, I barely know what I am talking about.



I have a really noob question...

I have seen previous posts by OP like:

1.  Long Feb 1st - 3rd = +5%
2.  Short Feb 3rd - 7th = +5%
3.  Open long Feb 7th ~ unrealized PNL +1%

From my understanding so far, Long = Buy and Short = Sell in simple terms.   Though the terms seem to be more advanced in that they indicate to "short" btc via the few markets that allow shorting transactions.  Long still seems = buy in both cases.  Is my thinking correct?

[elux]

At the time you could short sell bitcoins easily on Bitcoinica.

Which was supposedly developed over the course of a week by a 17-year old,
and went on to get robbed no less than three times over the course of a month
making it one of the most fascinating and epic failures in the history of Bitcoin.

[ErebusBat]

Kraken will allow margin trading when/if it ever opens.

As well as stop loss/take profit orders