@Mushashi, I agree with your suggestion, even though I still benefit from submitting 1 or 2 news every day. If Joe80 (another high rank community member who still posted article regularly).
Possible negative impact of your suggestion is : - there would be news that new players might not be aware of, which would be lost to simEx community since those community level 7 player MAY choose not to post that article.
About your perception : "current lifetime rankings do not truthfully reflect which players are better predictors". I don't think you can use lifetime rankings as it currently is, to determine better predictors. You will need a separate list, that remove those "bonuses that are unrelated to actual trading", like bidding DKP, community bonus etc.
I would certainly like to know my standing as "pure predictor", but I don't think it is easy to calculate them, unless simEX Database still have all transactions since it's start in 2006 (IIRC).
@kspraydad, I found out, the hard way (by losing money), that it is very difficult to go against the market. No matter how ridiculous a price is, as long as there are no significant effort by multiple high networth people, or hundreds of average networth players, to correct the price, any single player effort to correct the price will fail.
I don't know if this problem is also encountered by zukaus, the mountain in our list, but should I be fortunate enough to became much bigger in 2009, say rank #2 or #3, I would let you know whether I can have bigger influence or not.
If zukaus or Joe80 wanted to, he can tell you what their experience are like NOW (I omitted Gaara42 and Starless since they didn't usually post nowadays).
Another change I would like implemented is about bidding system.
I read on the help system that bidding system is for encouraging participation on this site, but I would think for players who have reached community rank 7, this is not really necessary to reward them DKP.
I would propose that once a user reaches community rank 7, DKP rewards are not given for content as I do notice that only few users generate most of article submission. It skews ranking and current lifetime rankings do not truthfully reflect which players are better predictors.
Without DKP reward for community level 7 players,it should allow other lower ranked community members to benefit from submitting content as this would mean more content would be available to them to submit as other high community ranked players would not have beaten them at submitting the content.
I stopped submitting content to this site a short time after i reached community level 7 for this reason.
@vGInfidel, I believe that TSE can do a recognition based on transaction completion date & time. I am not sure whether TSE can do recognition based on order placement date and time.
I would suggest that it is based on transaction execution / completion, not order placement.
1% of networth is a little bit too big IMO. 1% of 1 Million is 10K, which is what I proposed. However, the majority of player are not 1 Million networth, they would be around 2 - 4 Million Networth. In addition, changing criteria to 1% of networth is a BIGGER change than what I proposed (in addition to transaction based, it is also percentage based), and the logic to implement it could be more difficult and more resource (CPU) intensive, which is usually a bad thing.
@oznerol, You might be correct for the futures titles, but not GLS titles. Otherwise, how could you explain the current H/W # ?
Taking profits of stocks you have shorted can only be done WHEN the price has reached your target price. When it is still significantly above your target price, it means you are "cashing out too early", just to utilize your time trust money, which means it takes longer for the price to reach your target price (it might even NEVER reach it, thanks to lots of player "utilizing their time trust money").
I have been uneasy about time trust usage for the last few months, but I haven't found any alternative to it before, so I keep quiet about it.
To all player, Changing time trust to my suggestion also mean one very important things : We might find it impossible or much harder to find short opportunities in the future, since most stocks are going to be more "rationally priced", since the major factor that inflate stock price, "time trust", is gone. So please keep this probable negative factor into consideration when responding to my suggestion.
The whole point of the time trust is to keep people coming back on a daily basis, making the site more profitable with ad revenue.
That said, I don't really see a problem with how the time trust is working now.
The biggest problem I've seen is just lack of information. All of these future titles and hardware projections are basically growth stocks. They will continue to grow until hard numbers get posted.
The only stocks worth shorting are the monthly NPDs and games at or near release time.
Also, the best thing to do with your time trust is to simply take the profits of stocks you have shorted.
I think it's a good idea but i see a slight potential problem. What happens if the 10k DKP in trading for one day was from an order placed on a different day that just so happened to be completed? Can TSE system recognise this difference?
An alternative idea of mine that is similar to this would be that to get the new time trust players would have to place orders of equivalent to 1% of their net worth, wether the orders need to be completed or not is something which could be debated. It could possibly generate more activity, especially if the orders need to be completed, and not just inflating stocks either. More experienced players with more DKP may be disadvantaged here but the time trust is of little value percentage wise to them anyway.
I think there is an alternative to time trust DKP.
If quite a few people agree with me, we can suggest it to KoC.
How about this : Every player who made a minimum trade of 10K DKP per day (it can be either long or short) will get FREEE 25K DKP deposited to their account every end-of-day process (the process that currently convert bid trust into our account, and re-calculate rank).
The difference between my proposal and current practice is that current practice will drive up price, while my proposal doesn't drive up price, since short transaction will also be counted toward qualification.
Feel free to change the 10K transaction qualification into other value you think is more proper, and change the 25K reward into some other figure, like 24K figure.
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I agree with your suggestion, even though I still benefit from submitting 1 or 2 news every day. If Joe80 (another high rank community member who still posted article regularly).
Possible negative impact of your suggestion is :
- there would be news that new players might not be aware of, which would be lost to simEx community since those community level 7 player MAY choose not to post that article.
About your perception : "current lifetime rankings do not truthfully reflect which players are better predictors". I don't think you can use lifetime rankings as it currently is, to determine better predictors. You will need a separate list, that remove those "bonuses that are unrelated to actual trading", like bidding DKP, community bonus etc.
I would certainly like to know my standing as "pure predictor", but I don't think it is easy to calculate them, unless simEX Database still have all transactions since it's start in 2006 (IIRC).