I:t doesnt have to be likes based on entries necessarily, just make it so that likes based on trading in general are more meaningful, it would save alot of time trying to figure out if someone is legit. Also you could filter out the most liked posts in somewhat real time, which would draw people towards trading ideas that were the best.
I asked Baron about a slightly similar feature like this a year or two ago, But my inquiry was not a Like System based on stock predicting abilities, rather...simply...just a feature that shows your historical average % returns next to your username, with some kind of verified badge of some sort. Kind of like a mouse hover feature. that quickly shows this info. It would be nice to quickly know people's % returns -- if they wish to disclose it. and/or optional account size. what they trade, time frames, average % profit and loss %, etc etc This is not necessarily just for bragging rights or showing off...but to kind of Separate the Wheat from the Chaff on this forum, If (a) Michael Jordan, for instance, existed on a basketball forum...I think nearly everyone there would Like to Know
That would be impossible to prove That would be impossible to prove unless people said "Long XYZ, out XYZ" and the algo could pick up on it........... Also in % terms i make just about 100% on my money every year but its just because of leverage, so the % term is meaningless. After seeing all the ideas here, it seems like the easiest one from Baron's perspective would be to simply eliminate the "Like" button in PNR and chitchat, so that you can easily see whose getting the most likes based on trading posts.
Agree, some of the Canadian Mafia are obsessed with “Making Calls” , maybe it’s a gig to get people in their chat rooms or some sort of inferior complex being overshadowed by the U.S. and never getting recognition since they work alone. I wish some had been mentored by real professionals instead of fly-by-nighters.
An alternative or adjacent suggestion would be that the Journals forum require an up to date net profit/loss accounting of completed trades from the start of the journal. In this way, the reader can see at a glance the net result to date of the person's trading. This shouldn't dissuade people who don't wish to disclose their account size for any reason, because they can choose to use a model account beginning with a nice round number ($10k, $100k, $1mm or whatever). The journal would not require much moderator oversight because readers following the journal would see if the trader was trying to fudge the numbers from trade to trade. Of course, trades should be posted in real time and no changes to posts should be possible, and the timestamp should be exact. If the trader makes an error in his post, he can correct it immediately with a subsequent post to clarify, and the reader can judge for himself if it passes the smell test. I only occasionally glance at trade journal threads to pass the time, and when I do I often find I have no idea how well the person is doing on balance. And since I'm not particularly interested in following anyone's journal anyway, I'm disinclined to start from the beginning to do my own accounting of his trades to arrive at a conclusion.