Collective2 hiked their fees - anywhere else to go?

[Collagen]

I don't exactly know, but if $1.1 ( 110 cents that is) per day is too much for running your own business where you only have to trade and everything else is taken care of by C2, maybe you shouldn't ask for the extra cream on your next Starbucks order...

And the most important part, their cut hasn't really increased....

Are you marketing man for C2? Seriously you should apply for that job if you are not already their employee.

The new reset feature, higher fees, as some users already point out will have the effect to increase the numbers of those systems tailored for gamblers investor type. (Matingale, overleveraged type strategies and so on) That is fine if that is the final goal of C2. However those "trade leaders" that does not want to sell garbage would have little incentive to promote their systems and compete in such unfair environment where unreasonable super return are only dream expectation for investors in the long period. Must be noted that there are already many notable disadvantages for trade leaders when they promote their system on c2:

- no control at all on the size traded on their strategies
- no performance incentives
- risks connected with reverse engineering once a fairly long track records is built
- higher fees ( especially the 30%)

On the light of the above boundaries I presume that promote scam systems would be the smart choice for those developer that intend to get some bucks without risk their high value systems that would be traded instead on their own account.

 

[Pekelo]

Are you marketing man for C2?

No, but I can read English fairly well. There were some questions raised, I debated or answered those questions AFTER reading the new features and fees. The main trouble of the OP was the increased listing fee and I pointed out that $400 annually is still DIRT CHEAP for running your business.

YOUR issues don't concern the price increase and not unique to C2 (but exist at every similar sites) , thus irrelevant to this thread. If you don't like those issues
(and some of them are uncontrolable, like how much money a subscriber uses when follows a vendor) don't use C2, simple as it is.

But don't cry about the Listing Fees, because they are still not bad.

Any other questions?

P.S.: No performance incentives? Really? How about a pat on your shoulder? The incentive is obviously getting more subscribers, and if you are not, then you aren't worth more to C2 so you shouldn't get anything else.

 

[bbpp]

Everyone knows I was talking that as an analogy.
If you don't even understand an analogy and say that is irrelevant, I have nothing to say to you.
Take some elementary school classes before you post here.

You are confused. You talk about the subscriber's side when the listing fee is for vendors, so the subscriber side is irrelevant in this discussion. Second, you should read Matthew's answer on C2.

He explains that now you can restart your strategy, that was not allowed for Vendor accounts, only for Practice (not shown) accounts. So you can safely go ahead and pay for 10 years and blow up as many times as you wish, you can always restart it.

 

[bbpp]

He is obviously a C2 employee. But he has been very incompetent in his effort to defending C2. Said a 200% price hike is reasonable, what a joke.

First we have to assume C2 is at least profitable before 12/8/2016.
So after 12/8/2016 they hike their revenue more than 2 times.Because their fixed cost doesn't increase, so the increase in their revenue could mean they are now 3 times or 4 times as profitable as before 12/8/2016. That is considered by someone as reasonable.

I don't think you guys can make C2 change their mind, since they are now a monopoly.
What you guys can do is to try to bring other competitors to this market.
Now this market has too high profit margin. If any of you guys can not operate a site like C2, you can find someone who is likely to have interest in this business. I don't have good English, or I would email TD Ameritrade, to suggest They operate this business.
A broker would be an appropriate entity to operate this kind of business. Because they already have necessary infrastructure, they already have quote and trading system built, so their fixed cost is minimum.
On the other hand, besides they can have profit like C2, it will also bring them more customers and increase their customers' trading activity. So they will benefit more than C2 in this business.
Some broker does have auto system like C2.
http://www.ampfutures.com/services/auto-systems-center/auto-systems-center-get-started/
http://www.ampfutures.com/services/auto-systems-center/auto-systems-center-actual-performance/

All developers and subscribers will benefit from more competitors.

Are you marketing man for C2? Seriously you should apply for that job if you are not already their employee.

The new reset feature, higher fees, as some users already point out will have the effect to increase the numbers of those systems tailored for gamblers investor type. (Matingale, overleveraged type strategies and so on) That is fine if that is the final goal of C2. However those "trade leaders" that does not want to sell garbage would have little incentive to promote their systems and compete in such unfair environment where unreasonable super return are only dream expectation for investors in the long period. Must be noted that there are already many notable disadvantages for trade leaders when they promote their system on c2:

- no control at all on the size traded on their strategies
- no performance incentives
- risks connected with reverse engineering once a fairly long track records is built
- higher fees ( especially the 30%)

On the light of the above boundaries I presume that promote scam systems would be the smart choice for those developer that intend to get some bucks without risk their high value systems that would be traded instead on their own account.

 

[gkishot]

No, but I can read English fairly well. There were some questions raised, I debated or answered those questions AFTER reading the new features and fees. The main trouble of the OP was the increased listing fee and I pointed out that $400 annually is still DIRT CHEAP for running your business.

There is no business unless you have customers. But since they are a monopoly they can do with prices whatever they want to solely based on their self-interests & further justifications. I am sure any competition would have significantly changed their rationale. Are you a system developer with them if I may ask you?

 

[Pekelo]

But since they are a monopoly.....Are you a system developer with them if I may ask you?

They aren't a monopoly, at least 4-5 similar sites exists. That is one reason probably for the constant improvement (and price hike) because they have to stay COMPETITIVE.

I used them both as a vendor and subscriber in the past. I have my own criticism of C2, but that ain't the price...

 

[gkishot]

They aren't a monopoly, at least 4-5 similar sites exists. That is one reason probably for the constant improvement (and price hike) because they have to stay COMPETITIVE.

I used them both as a vendor and subscriber in the past. I have my own criticism of C2, but that ain't the price...

>>at least 4-5 similar sites exists.
Which ones?

>>
If you are a vendor with customers then the price hike might not be a problem for you.
This is the entry barrier that gets higher. But they might not care about the new comers in case their revenues have plateaued.

 

[Pekelo]

He is obviously a C2 employee. But he has been very incompetent in his effort to defending C2. Said a 200% price hike is reasonable,...
monopoly

OK I confess, Matthew pays me 1 lollipop per post, but only if I don't call the posters stupid. I guess I won't get candy for this one...

Since I am not an employee, I can be rude to idiots, who don't understand business or unwilling to read fairly short and easy to comprehend explanations before they complain.

So let's do the math, dumbass. 240 to 400 is nowhere 200% raise, but let me get my calculator before I abuse you more.

[getting calculator]

OK, it sounds to me a 60% increase, which sounds a lot, or maybe the original service was too cheap. You decide. But as it was already mentioned, if you prepay, you can lock in the previous cheap listing fee, and technically forever. You just have to read English...

Now when you mentioned the word "monopoly" I stopped reading your word vomit, because you expressed your lack of knowledge in this type of business. As people with googling ability already know there are similar sites, so if you don't like C2, go and use another one.

So morons, read the fucking manual first, use google second, and if you still don't understand something, I am sure a nice C2 employee will explain it to you (well, maybe not the competitor's link).

But if your biggest problem is the messenger and not the facts, I can't help you.

Damn, I like candy and I just wasted one...

-----------------------

Site search, because I like to help the handicapped:

https://www.elitetrader.com/et/threads/sites-similar-to-collective2.61509/

 

[gkishot]

OK I confess, Matthew pays me 1 lollipop per post, but only if I don't call the posters stupid. I guess I won't get candy for this one...

You might not be their employee but you are their passionate surrogate for sure. LOL!

 

[Pekelo]

I am quoting this from the link I provided earlier:

Traderscue site is down. I guess they are out of business.

And we reached the question of longevity. How many of the current competitors will exist 1-2 years from now?

---------------------------

Speaking of competitors, for a few weeks, on the top of this page, next to Software, there was another link called Subscription. It took to a service where for $400 to $800 per month you could follow some unknown system with no track record whatsoever. I couldn't freaking believe that Baron actually let such a sketchy company to advertise here, but I guess they are gone now...

The point of this is that there are competitors right in front of you guys... Ninjatrader also lets you pick vendors...