Proposal for a way to earn Wealthpoints

[JoeDOM_Admin]

Proposal for a method to earn wealthpoints

I write this because I was thinking how I could help members who are not able to earn wealthpoints so easily to at least have a chance to get some wealthpoints into their account and feel encouraged to participate in our sharing community.

An idea ocurred me to make this work is to encourage these particular members with low Wealthpoints, but high enthusiasm to work in the following way:

Making of Tutorial Posts
I will, for example, post a request for someone to make a very detailed step by step tutorial to teach how to upload a file to Mediafire.com.
The tools to take the screenshots will be provided for free by me (use your own if you want). Many members can participate at the same time for the same tutorial request.
Each member is free to post the tutorial as a Reply to the requesting thread. This way all members can view the other members' performance as in a true competition. The one who makes the best and most understandable tutorial will earn from 200 wealthpoints to 500 wealthpoints, depending on difficulty. Then his tutorial will then be used for other future members' benefit so they can learn the ropes more easily.

I hope to receive feedback from you so I can start to write down the guidelines and requirements for these tutorial contests.

Peace to you all and will be waiting for feedback:)

[zeti]

This is a good idea, it will add spirit to the forum i suppose.

[mtusd]

go ahead Jeo,

U rock man!!

[nanaa0]

Your initial intent

“…how I could help members who are not able to earn wealthpoints so easily to at least have a chance to get some wealthpoints into their account and feel encouraged to participate in our sharing community….”

is a good intent and also important to the long term survival of the forum. So it is a win-win approach.

Giving incentives, like the one you suggested on the post, to earn wealthpoints is also important because if anything is given free it is not valued and does not foster community sprit and expectations.

However, giving people to use their own tools to make tutorial is not a good idea. Standard approach must be used otherwise newcomers will be overwhelmed and confused.
Also, it goes without saying that they should be concise as the intent of the viewer is to do the task as quickly as possible.

If you look at an active forum where people are willingly and regularly take part to fulfil the interests of the community (eg Amibroker forum that I take part in) it is the richness of the information that people can make use of makes it very dynamic. So thinking along that line, I would also like to propose people to share evidence based trading techniques/information and be rewarded for something like reader rating. In my view it is very important to make any information evidenced based because as we all know there are so much information out there which has no value because they are based on someone’s theories etc. For posting with low user rating should be deleted automatically to avoid information overload.

Hope this feedback helps ….

Nanaa0

[padawan]

have to say I lost interest in this community since the changes.
you see my focus is really trading and this is where I spend most of my time. I can't crack softwares.

with the old point system I had the possibility to contribute and be active in the community and in exchange be able to increase my absolute points (experience) and then access softwares and try new ideas.

now I would need to spend my day crawling on the web to find something valuable to post and this would still just bring me 1.5 time the points value.

I have to admit I don't understand who are the members of this community. Are they traders? and what kind of people this community attract? Is the purpose to build a mix of traders and hackers and create a place where everyone can share and learn something? As I said before I am not able to crack but I believe my trading knowledge and my time is certainly of some value.
I would certainly appreciate some clarification in this regard!

Also, it is quite clear democracy is not the chosen way of managing this forum and we are quite fare from the nice philosophy of the start.

creating a tutorial to get 200 or even 500 points seems like a bad joke. you would just have to write few hundreds of them to try something like marketdelta (55k wealthpoints). <--It is no longer 55K W$, I reduced to 25K W$(Joedom_Admin)

Will read your reaction with interest. tnx.

PS: isn't it boring this ES action today? 5 points range !?!

[padawan]

After reading the interesting tread at http://www.friendlytraders.com/forum/2992_78/who-getting-benefitted.html (http://www.friendlytraders.com/forum/3087_78/../2992_78/who-getting-benefitted.html)

I wanted to soften my previous remark:

First I recognize there's more thought in the choices that might seem at first.
Second I salute the hard and attentive work of Joedom administrating the forum.

ben_mossberg explain better than I what I wanted to say in the above mentionned post:
The problem is how can " I " add value to the site if I can't crack.

if you think about it, the trader are the customers, the crackers, the suppliers. without crackers there will be no site but without trader it doesn't make sense to have a "trading" centered community because there's a good chance that for the cracker it doesn't make much difference if he cracks dvd, porn or fin stuff.

Hope this is a bit more positive :)

[zeti]

Padawan, I agree with you.

The focus has to be, the traders focussed on trading, being friendly with each other.

As far as i can i see, the focus in this community is wealth points and the softwares / indicators. I have positive insights about this forum but i wish there was much more elaboration on trading skills, or elaboration on traders just sharing their insights feeded with their hard earned experiences with each other.

Trading successfully never bears on a software or an indicator or a book or a seminar at all. These are all minor aids for a trader on his or her own way.

And,

I agree with you again about Joe and other people who happens to be the raison d'être of this site which is promising. There has to be a really hard working going out there. :)

[fawazee2]

The problem is how can " I " add value to the site if I can't crack.
or if i dont have any thing new????
what about if you let members get access to softwares or indecators after limited time like amonth .
when i open this site and see the rules i remmber (open sesame):D

[JoeDOM_Admin]

padawan and zeti:

I myself do not like the job of awarding wealthpoints and testing stuff like a crazy fox all around. In fact, I do not even see these resources worth any money at all. The problem comes when people attach a monetary price to these resources and corrupts the hell out of a top forum staff member that will easily fall into these temptations.

My defunct yosewe project partner had this vision of forming a community sharing tips all over and helping each other sharing resources unrestricted and self policed by members comments and replies. We planned that sometime in the future we will be making resources available more easily as the forum gained momentum and fame. But unfortunately he passed away on May.

The reasons I made these threads is to discover willing members here in this forum that will form kind of a "Band of Brothers" that are willing to support a parallel forum from friendlytraders.com. Much like a company spin off.
This new forum will not have any wealthpoints module installed and less rules than this forum. But in order for this to succeed, I need to form this commando of traders with a good inventory of stuff they are willing to share unselfishly. One thing I state from the start is that friendlytraders will not give any resources to this new forum. They will be independent entities. It must succeed alone only with members contributions and good intentions.


Just imagine a forum where you can join and post whatever you feel to share. Some members will share experiences wth their software, others will share trading knowledge, videos, indicators, trading systems,ebooks...you just imagine it. Others can write articles about trading and psychology, tips on how to crack and much more.
If this concept I explain you above works, it will literally be able to dethrone the other forums and even friendlytraders.com will be forced to close down or convert to free.

But as human selfishness goes, and by the responses I have received from members in this thread, I gauge this to be of little interest to most members. Only 3 have commented with the idea of making tutorials to earn wealthpoints. Others who have read this simply are too busy browsing and salivating for softwares in this site and are too busy to get inspired by concepts like the one I am trying to convey. So as I see it, there will be wealthpoints for a long time to go, unless something drastic happens or I wake up someone with the power and resources to change this.

[ben_mossberg]

Tutorials are a great idea, however 2 things prevent me from chomping at the bit.
1: If you can think of the process ( ripping, uploading, cracking etc) then someone already has a pretty good tutorial on it. What would be more worthwhile in my opinion is a tutorial on how to really use Omnitrader, or any other one of systems on here. Those tutorials do not exist beyond the bare bones stuff provided by the company, this would be a very very valuable service and well worth membership to the site.
2. It feels like an impossible uphill battle to earn enough points via tutorials, additionally, I am a professional and interested in honing my skills. I learn by teaching, we all do. I would rather learn by teaching something that is going to make me, and other people money. Rather than learning how to explain file uploading, I would prefer to learn how to explain the intricacy's of trading a system.

Are you concerned with the perpetuation of this site, or the misuse (sale) of the software which you distribute? I can tell you now that both of these things can be handled.

Unfortunately, I have a plane to catch.

Talk to you soon,
B.M.

[longs]

:)Guys,how about share some trading or economic magazines(or reports from professionals?) here(scanned copy)?I feel it's not difficult but it's valuable too(especially for guys like me which can't get it directly) ....and maybe the latest setups from registered users is valuable too(even not cracked),just a suggestion.

[longs]

:)One more idea,if someone subscribed trading advisor services from 3rd party,he could
share the advices to earn wealth points as well?Or this guy himself is a good trader,he could
provide trading suggestions to members.

[eastland]

While the idea of involving members to be part of the community by writing various user guides is an interesting concept, I find there is going to be a tremendous loss of energy and time of the members if the writing is to be competition based. On the basis of what the Admin has stipulated thus far...that such user guides are to be written by members and the BEST guide be then chosen, it would indeed be a gigantic loss of members time to compete to produce the best guide which the Admin will chose- the rest of the guides will then be useless.

Rather, a principle of involving the community lies in identifying exactly what the community needs and to pair what the community ( members)needs with the existing talents of the membership population, in other words to match the talents to the needs.

In other words, first, identify what the members really needs - eg a guide to swing trade, a guide to upload software, a guide to set up a free datafeed etc and then secondly, to get members with the interest, talents , skills and experience to offer or bid on those jobs ( which carries certain wealth points ), and choosing the best person to do the right job. In this way, members need not COMPETE in the actual writing of compilation or execution of the work except for the chosen one.

With these reasons, I would find reasonable grounds to suggest the Admin modify his suggestion as explained above, so that for a membership base of 100 who compete in the writing of a guide, instead of having 99 members who felt disappointed by being rejected after spending time writing up a job and doing the best he can, and with only one person who is really happy having his written guide being selected as the best and awarded the points, the forum can have 99 other members producing 99 other useful guides on various topics that match his or her skill and experience and earning useful wealth points in the process.

Regards

eastland:)

[masterg0g0]

Wow !! this is a good debate by it self.. can i post my blog add ? peace my friends .. knowledge cannot be contained it grows when u share it :) ..

[profitonfx]

JoeDOM if you need help, send it to me i ll make it and do my best fot 0 wealthpoints. free.:read:

[mdrali2001]

hi
exilent thi is what i suggested in my feedback some thing win win way for every one this is what i wanted, and this is my chance to contrubute i will do my best by sharing my trading mistakes thats how wee will now eache others mistake and wee can learn from tohers mistake also


thanks administrater
Ali

[peace]

With the way the wealth-point system as it is established here, most of us would probably never able to afford a piece of new trading software program. I don't know how to crack, and I don't have new cracked program that is not already available here already, and although I have a lot of educational materials like trading courses and videos, they are no longer accepted here, the only way to earn the wealth point is form contributing new programs/systems/indicators/marketdata which I don't have.

Can we buy the wealth point wealth points by donating to the site? I really would like to download a couple of programs here but I just don't see how that is possible for me to earn these needed points in order to download the programs that I need. I am willing to contribute whatever I have, but I just don't have the new programs to contribute and I believe a lot of people are in the same situation as I am in.

[hardpippin]

I Agree . I'm a trader, not a software fixer either. I too have become a little disillusioned other the general concept of the forum. I joined a couple of months ago, but &quot;quite honestly&quot; I don't have have a great deal to offer either. I have spent thousands of pounds on different software's over my trading period, and have now reached a point where I'm fed up of paying out, but not seeing a good enough return. Some of the software's I've seen in here is interesting, and I do like to try other things. However, it seems I will have to carry on and keep paying the pound notes over to the guys who probably make more from selling software than making pips! Just my two cents...

[adamsteele]

If any of my statements seem awkward. Please disregard it.
I'd like to point out a few things.
As of today the forum has stopped accepting ebook contributions under the Trader's Library as they donot have the staff to review and validate the links before it's posted to the general public.
This leaves a lot of people left with worthless collections like Warren Buffet's reports and Benjamin Grahams books undistributed.

Software is all you seem to care about. I'd like to point out that trading is a mind game. Software alone is handicapped in this regard.

If you'd truly like a place to buzz. Then let the people have a little liberty.
Forums are like flowers.
They suffocate and die when there's no flow of air and light.
You need creative ideas for sections and categories where people feel free to post and others feel free to vote for them.
That is just the start.
Sincerely.
Adam Steele

[joe_DOM]

Adam:

We value books and courses and videos and seminars and all those multimedia contents.

The problem with that type of content is that they are more easily distributable and copied than softwares and indicators (what I call "Code"Content). So for example, for a software to be distributed
No file, if any, is stored on our servers. Only external download links
are provided by third party file sharing/hosting services like badongo,
divshare, fileden, filefactory, filefront, mediafire, megaupload,
megashares, mihd.net, multiply.com, rapidshare, rapidsharing,
rapidupload, turboupload, sendspace, sexuploader, uploading.com, zshare, zupload etc. <span style="font-size: 100%;">(Disclaimer: The owner of this site is
not responsible for any content made by anyone else in the forum. The owner does not sell or own anything here. The contents are provided "as-is". Please support the developers if you like their products/services. They need your money to support their fine research and work.)</span><br />
[Hidden Content]
As such, we are right now implementing a new pointing system that will work in parallel with the Wealthpoints system that will in theory address this problem.
This new point system, called Library Points, will only deal with mutlimedia content. Softwares/systems and indicators will still be negotiated with the current Wealthpoints system.
Once we implement this and separate multimedia content from "Code"content, we can then give more exchange liberty to those members only wishing to exchange multimedia resources and are not that so inclined or interested in "Code" resources.

I hope you now understand the reasons we are so busy in the backstage lately.

Our final goal is to make all trading materials known under heaven available here and displayed with our standards. Said that, it is a very tough job to keep this standard, but our passion is what makes us get commited to it.

[rmike69]

Dear joe_DOM and other senior members,

I have been following this debate with great interest as the evolutionary outcome by way of discussion will likely pave the way for the future guidelines of this (great!) forum.

Would like to humbly submit the following.

1. Trading is a multifaceted activity which consists of tools, techniques, management, inputs and psychology. The sum total of which leads to the final act.

2. A good software with number crunching, graphical display and user configurability abilities is, unarguably, a great tool but not indispensible. People can successfully trade with hand drawn point and figure charts too by referring to the prices from the dailies.

3. The facets of 'Trading System' theory, techniques, indicators (single or in tandem), psychology and good money / trade management cannot be learnt from a software.

The way I see it, in an excellent trading forum, there are groups of members who by virtue of their specialization in various fields - be it software cracking or elucidating a particular theory or expounding good money management or psychology principles - make the composite sum total far richer than any of it's individual parts.

Therefore the members can draw from each others strengths to hammer out their own individual trading template based upon a particular software, favourite theory / technique / indicator group.

I do wholeheartedly agree that cracking a software is a niche specialized job. But what about the members who can transcribe the trading systems into the softwares (which only contain 'canned indicators') eg. incorporating VSA as in tradeguider or Ord Volume as in Ord Oracle into dissimilar trading softwares etc! What about the members who have developed their own trading systems with own (trademarked personal :)) indicator(s) after sifting patiently through the plethora of trading strategies which abound the net!

I know there are no easy answers here; considering this forums philosophy in the past (whatever little I could glean and understand after negotiating my way through the myriad bylanes); but If I may offer a workable solution, One can make a pecking order pyramid of sorts with the top of the food chain occupied by software submitters (in keeping with the past ethos of the forum). The next could be software manipulators for customizing and transcribing trading techniques, strategies etc. The third tier could be of custom indicator builders. The fourth tier could be the raw study / course material treasure trove keepers. The fifth tier could be of accessories like portolio tools, market data tools etc. The wealth points obtained / awarded may be as per tier of submission and these points may be used to purchase anything!

This is a closed forum and new memberships are stricly vetted, therfore the premise of flooding this forum with riff-raff by adopting this policy may not be correct. If this policy is implemented (in part or whole) the wannabes could be asked to confirm their contributory speciality during the joining process before giving carte blanche.

P.S - The above submission is my personal opinion and is (obviously) open for debate and refinement. No offense is intended to the members of a particular speciality group.

[MQEA]

I love this forum and im new here ... i know this tut means noting for most of you but im trying to provide some reply to the request for such tut .... its very simple and i see it silly to post it but i hope it might help some one..

No file, if any, is stored on our servers. Only external download links
are provided by third party file sharing/hosting services like badongo,
divshare, fileden, filefactory, filefront, mediafire, megaupload,
megashares, mihd.net, multiply.com, rapidshare, rapidsharing,
rapidupload, turboupload, sendspace, sexuploader, uploading.com, zshare, zupload etc. <span style="font-size: 100%;">(Disclaimer: The owner of this site is
not responsible for any content made by anyone else in the forum. The owner does not sell or own anything here. The contents are provided "as-is". Please support the developers if you like their products/services. They need your money to support their fine research and work.)</span><br />
[Hidden Content]

Regards.

[FritzFratz]

Having come into this forum in the last few weeks, I can see that getting any wealthpoints will be virtually impossible. It's a bit cruel I think, the people in this forum are all struggling traders (ie if anyone in this forum was making millions they would not bother to be here), but there is no real access to anything except discussions. It's frustrating.