[worik]

People!! Stay away from this!!!

I am unsure about the sincerity of the authors of this software but in the general case the purpose of these systems is to bring dumb money into markets. Efficient markets are impossible to make money (risk adjusted positive returns) out of by active investing by definition.

Dumb money is not efficient and lets the smart money (people who dedicate their lives to this) make money.

Do not be the dumb money!!

If you want to make money work on your skills and get a job.

[vntok]

All of this is of course patently false. Be aware worik and others will try to keep you from joining markets under dubious pretenses like protecting you or caring about your individual financial sanity. Don't listen to anh of them. Don't gamble more than you can afford to lose and you shall be fine.

[worik]

Stay out of those markets.

Here is a thought: What paid for all those shiny towers in Wall Street? Transaction costs from people "...joining markets".

Have you heard the joke about the customer's yacht?

[redorb]

Lots of those shiny towers were built by wide bid/ask spreads.. now a days liquid (good markets trade) proportional to stock price to basically pennies.

I do agree I wouldn't join an automated trading platform without a high level math degree and market understanding though.

[bpodgursky]

This is the best NIMBY take I've read yet!

"New construction is bad because it's all financed by fraud and theft from the proletariat!"

[colesantiago]

> If you want to make money work on your skills and get a job.

OK, fine. During the pandemic, I picked up and studied trading, and made more money doing that than my actual job (assistant teacher at a university).

I know the next step I'm going to take.

[cwkoss]

Everyone in the market made money last year. Did you at least outperform the S&P?

S&P gained 16.26% in 2020, roughly 3x average annual gains.

[yumraj]

Everyone makes money in a rising market.

[colesantiago]

Difference is, I play both sides, while retail only knows "buy buy buy" when the prices were rising.

[ogiberstein]

I would argue that the efficient market hypothesis is problematic at best and I also disagree with the characterization of our users as 'dumb money'. We are in fact quite lucky to have some very smart users with us. There are many ways you can use Coinrule, not all of them must be entirely short-term oriented!

That said, it's absolutely your good right to disagree with our value proposition.

[worik]

"I would argue that the efficient market hypothesis is problematic "

It is well established by research. It is has a good theoretical foundation. It is problematic for this business, true.