Community Constitution

[neil]

Wilmot is run by someone with a genuine interest in a particular subject area. I may be wrong, butI honestly don't think they where set up with a cynical objective of making a few bucks from advertisers. Furthermore they have a brand to protect, their accreditation scheme wouldn't really hold much weight if they for example published the HoCo article, or promoted Mr Spreadbettings latest ebook.

They have a vision, and a brand that they want to protect and promote, and more importantly, the people behind the venture have credibility in their chosen field, and are indusrty practitioners on a day to day basis.

t2w can't really be wilmot, and its pointless even trying. They are in a totally different business.

I've pointed out repeatedly that I don't believe that t2w even knows what it wants (and Tim tells me they do, and that its all explained on the about us page)

Up until 2 maybe 3 years ago the site drifted along, and the lack of an aggressively managed commercial agenda kept them out of trouble. However it's the perfectly reasonable commercial exploitation has led to the current problems. There's a market for t2w's product, and there always will be, but others saw the same opportunity and did it better (or perhaps more accurately there's a bit missing from the t2w machine that they can't seam to recognize)

It's easy to point to obvious threads, FTCA bible being a great example, but honestly, if you stripped out the lulz, how much different is that thread from say the rumpled ones never lose again thread, or even mr charts make money from trading thread. It's a very fine line.

If I was a cynic, I might argue that promoting poisonous material plays right into the hands of the very people who provide the revenue for businesses such as t2w to thrive.

After all, brokers don't pay people to post do they. Brokers don't provide training materials that are the source of intelligent nonsense regurgitated ad nauseum across dozens of trading sites. This stuff is just a conspiracy theory right ?

Having said all of that, your initial suggestion of defining what they want and then deleting anything that falls short of that standard is a valid and perfectly sensible way forward. Even if they only used Barjons suggestion of keeping the most popular threads it would work for the type of market they've been aiming for over the last few years.

This Wilmot ?

Wilmott | Serving The Quantitative Finance Community | Home

Time for a cuppa and a cake

 

[the hare]

Yeah, that one

 

[Shakone]

Wilmott is just too different, and could never be expected to be the same.

It's a forum for quantitative finance, which typically attracts PhDs in a physics/maths subject, a few quant traders, academics, and those looking to learn some finer details their MSc in mathematical finance didn't teach them.

But I wouldn't agree that it has no sheite scose. Take a question from their technical forum

"Can anybody explain what is risk-neutral valuation in simple words? Why does growth rate have nothing to do with option value? Does no-arbitrage imply risk-neutral? I don't find anybook which explains these basic concepts very well......Thanks.... "

This question is equivalent to the typical questions we get here, which have already been answered dozens of time, like, can someone explain the order types for me, I can't find a good book. It's tosh.

And more than that, a lot of the responses are equally tosh. Some are mathematically wrong answers. The benefit there though, is that when someone gets the math wrong, it can be pointed out as wrong. Here, it's an argument.

The typical aspirants on a trading forum?...Well...lets leave that there...

 

[BeginnerJoe]

In their attempt to get over the x number of posts before new thread, every newb are posting completely pointless posts that I don't believe they would normally do. I reckon the curve fitting is failing.

You can no more having a fixed formula to trade the markets than to moderate a forum. You are going to see that soon enough.

 

[Liquid validity]

In their attempt to get over the x number of posts before new thread, every newb are posting completely pointless posts that I don't believe they would normally do. I reckon the curve fitting is failing.

You can no more having a fixed formula to trade the markets than to moderate a forum. You are going to see that soon enough.

Hey Joe, didn't anyone tell you x=15, not 2500.
Its ok you can stop now

 

[BeginnerJoe]

Hey Joe, didn't anyone tell you x=15, not 2500.
Its ok you can stop now

No need to feel bad. Post count is not related to p**is size. I have higher count for more lulz. If the newbs were posting lulz, I'd have no problems. But they were not.

 

[scose-no-doubt]

Wilmott is just too different, and could never be expected to be the same.

It's a forum for quantitative finance, which typically attracts PhDs in a physics/maths subject, a few quant traders, academics, and those looking to learn some finer details their MSc in mathematical finance didn't teach them.

But I wouldn't agree that it has no sheite scose. Take a question from their technical forum

"Can anybody explain what is risk-neutral valuation in simple words? Why does growth rate have nothing to do with option value? Does no-arbitrage imply risk-neutral? I don't find anybook which explains these basic concepts very well......Thanks.... "

This question is equivalent to the typical questions we get here, which have already been answered dozens of time, like, can someone explain the order types for me, I can't find a good book. It's tosh.

And more than that, a lot of the responses are equally tosh. Some are mathematically wrong answers. The benefit there though, is that when someone gets the math wrong, it can be pointed out as wrong. Here, it's an argument.

The typical aspirants on a trading forum?...Well...lets leave that there...

I never said it was perfect but sense:nonsense is clearly the inverse of this place. With regard to it being quanty the point was that they're serious about their thing. How serious is trade2win?

 

[the hare]

I never said it was perfect but sense:nonsense is clearly the inverse of this place. With regard to it being quanty the point was that they're serious about their thing. How serious is trade2win?

I think 2tw has started to take things far more seriously over the last 2-3 years.

They can't compete in the quality end of the market, and quite frankly there's a bigger market at the other end of the spectrum, and they've taken action to position themselves accordingly.

I have no doubt at all that they are still serious, and that the quality of content will continue to decline accordingly.

 

[Hakuna Matata]

I never said it was perfect but sense:nonsense is clearly the inverse of this place. With regard to it being quanty the point was that they're serious about their thing. How serious is trade2win?

this place is only ever going to be a "jack of all trades, master of none" forum. For whatever aspect of trading you can think of, there will be somewhere else to go that covers it in much greater depth, and the opportunity exists to exchange with people much more experienced/knowledgable than here.

That should be a strength of trade to win. The problem, IMO, is that there is not a broad spread of material or content. It is pretty much all people talking about or using technical trading strategies, and that's where it loses it's appeal.

 

[Steve]

So are you saying 'jack of all trades master of none' is fine by you, if the spread of content was wider?

 

[the hare]

So are you saying 'jack of all trades master of none' is fine by you, if the spread of content was wider?

I think you have to be realistic, its unlikely that you could ever be anything else given the resources at your disposal.

The issue of course is that the increasing commercialisation of the site has led to an inevitable decline in content quality. That sends out a clear signal, and its why you are where you are.

So the question really is do you want to see an improvement in content quality ? (a problem that's easily rectified)

The current strategy, if it can be called such increasingly seams to be based on trying to please most of the people most of the time.

 

[wackypete2]

The current strategy, if it can be called such increasingly seams to be based on trying to please most of the people most of the time.

And yet you seem to be pleased none of the time

Peter

 

[DionysusToast]

I see the whine is still in full flow here!

 

[Hakuna Matata]

So are you saying 'jack of all trades master of none' is fine by you, if the spread of content was wider?

see a previous post of mine (one of the few in this thread that haven't been deleted on the grounds of being critical of T2W management)

to be honest I don't see what the big deal with vendors is... I can only think of one instance where a vendor situation has got my back up (the howard cohodas thing), and that was more to do with the fact that about half a dozen of us had tried to explain to the rest of the forum - and howard himself - why what he thought he was doing wasn't the same as the positions he was putting on, only to be ignored/banned by the T2W "team" and return to see Howard being endorsed. That p!ssed me off.

I really don't see a problem with vendors on the whole. I can see them a mile off and just ignore them, except for an odd occaision where I'll pull their strings just for fun (e.g. the Binary thread). I agree with New Trader that you can't mollycuddle people, if they want to buy a course from a man with one of those really long websites selling "the things they don't want you to know" then let them. Who cares? It's their money, let 'em do what they want with it.

So, I'm not interested in seeing less vendors. What I would like to see more of is threads on some aspect of trading that I don't concentrate on myself that isn't a technical strategy involving charts and graphs and lines. There are so so many of these it borders on ridiculous. For example, I would read with great interest someone who started a thread on:

Long/Short equity trades
Sports Betting
Volatility trading
Seasonal agricultural spreads
Long Only, Long term equity trades
Credit markets
Asset Allocation via ETFs
Energy trading (particularly spreads)
Pairs trading/Stat Arb strategies

I also enjoy reading the posts from members who have institutional roles, be it front/middle/back office on the buy side/sell side. Think Martinghoul, Meanreversion, Jack 'O clubs, A Dashing Blade... These guys have a wealth of knowledge/experience to share, and I relish the chance to bend their ear.

In return, I am happy to dish out what little I can to well meaning new-comers - on why, for instance, payrolls can go up and employment can go down, or why an "arbitrage" opportunity might not necessarily be so. Perhaps someone has a query about a piece of software I have used, or wants to know where they can find information on XYZ. I'm also happy to throw in some of my own personal views on trading, and how I approach the markets, with the usual caveats applied.

The focus seems to be on less this or less that, what about what the forum needs more of?

 

[barjon]

see a previous post of mine (one of the few in this thread that haven't been deleted on the grounds of being critical of T2W management)

? - 4 deleted out of 103 - that's a much better record than that Dash fellow, whoever he was

 

[the hare]

? - 4 deleted out of 103 - that's a much better record than that Dash fellow, whoever he was

He's talking about posts deleted on THIS thread

I can't claim to have seen them all but I have seen what looked to be perfectly reasonable posts deleted, and some of those posts where no more critical than my posts (I suspect that my posts don't get read, and therefore slip through the net)

Perhaps the criticism he gave wasn't deemed to be constructive :smart:

 

[the hare]

And yet you seem to be pleased none of the time

Peter

Thankfully I am not "most" of the people

 

[Hakuna Matata]

I see the whine is still in full flow here!

the LORD has spoken.

 

[BeginnerJoe]

Thankfully I am not "most" of the people

Yes, we know that. There is nobody else who goes around tossing coins and hoping for a magical outcome.

 

[barjon]

He's talking about posts deleted on THIS thread

I can't claim to have seen them all but I have seen what looked to be perfectly reasonable posts deleted, and some of those posts where no more critical than my posts (I suspect that my posts don't get read, and therefore slip through the net)

Perhaps the criticism he gave wasn't deemed to be constructive :smart:

Ah! Well that's 3 out of 19 - hardly merits "one of the few in this thread that haven't been deleted".

But, rather like yourself, egging the pudding is part of the weaponry isn't it