During Episode 171, your host Rob Booker speaks with “The Coach” — Scott Welsh, co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio. Rob and Scott tackle an e-mail from an inquisitive and concerned listener who goes by “Space Pip” (on Twitter). Apparently, Space Pip has been hearing more and more lately that there are spikes in the FX market that have been caused by computer algorithms, so Rob and Scott address the veracity of this theory.
Of course, this leads to Rob’s vision of what would actually happen if computers took over the world. Along the way, Rob takes a stab at describing what a spike is and where spikes come from. And this e-mail leads Scott to worry a little about the presence of “the world is out to get me” mentality. Oh, and don’t miss Rob’s radical solutions for solving insider trading! All this and so much more in Episode 171 of The Traders Podcast.
Links for this episode:
If you’re interested in talking with Scott about his computer algorithms, you can e-mail him at ScotWelsh ( AT ) gmail.com
Scott on Twitter: @SWelsh66
Also find Scott Welsh here: bossilator.com
We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home
Rob on Twitter: @RobBooker
The Traders Podcast on Twitter: @TradersPodcast
E-mail us! Producer@TradersPodcast.com
Always good to hear Scott discuss stuff. Still missing tfl tv with Scott, Jennifer, Wilson and Booker, which was a much better format than the normal webinar that you did last year. What about getting Wilson back on to discuss the Bitcoin thing and Jennifer again to hear how her trading and training is going.
great podcast. pretty sure the gapping in GLD has something to do with gold futures, spot gold and arbitrage. GLD readjusts for the overnight movement in the gold price when it opens, hence the gap.
Rob, the reason you see GLD gapping is that gold is traded 24 hrs a day, while GLD is limited to the opening hours of the exchange. Any movement that took the price away from where it was at the time that US markets closed the day before is going to show up as a gap the following morning, nothing more to it. The same phenomena is observable in S&P futures vs the actual index, I’m sure you’re familiar with it.
If you’re really interested in trading gold, I would suggest doing it on your MT4 platform. Most brokers allow you to trade precious metals and stocks via CFD, which basically means that you can participate in the movement, but you’re not really buying the underlying asset.