Think it’s a Europe thing? Seen a similar add for Amp with a similar disclaimer on ET awhile back. Thought it was a bad way to advertiser lol.
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Think it’s a Europe thing? Seen a similar add for Amp with a similar disclaimer on ET awhile back. Thought it was a bad way to advertiser lol.
For some they get help or help is available in real time with their trades or others offer help even if you didn't ask for help while live streaming, twitter, stocktwits when you write/show your trades.
It's like more eyes on the market sort'uv speak. Yet, if there's no collaboration in real time...why bother.
I remember visiting a trading office...I heard guys talking about hot girls they went out on a date with over the weekend, new food item in the vending machine, laughing about someone's new shoes or new blazer...all while they were trading and then one trader yells something...
Others take action in their trades or position adjustments.
It's like watching a pit with normal chatter on TV and suddenly someone yells something and there's this frenzy by people with a crazy look in their eyes while trying to open or close trade positions.
It's all the same when you really look at the mechanics of announcing in real time a trade, analysis or event to others you're in collaboration with.
911 - I was in a chat room called #IndexFutures and there were a few ET members in there too. The mods of that room had just kicked out some folks for spamming their room with porn links. I myself almost got kicked out for posting LOL...I guess the mod thought I was making fun of him/her directly but I was not.
Suddenly, someone posted that a plane just hit one of the towers in New York. I remember a few saying they were closing their Long positions and they did just that before losing their profits. Within the next 15mins of watching bloomberg and CNBC...you realize what was really happening.
I was one of the guys that closed a 10 contract Emini ES position that I was going to hold for a few days as a swing trade. Yep, prior to closing that position...I was contemplating if I should use a -4 point stop or -1 point stop. Thus, the stop was not yet in place but I dumped that Long position before investigating what really was happening...
All because I already had trust in the person that made that real time announcement...a fellow ET member and someone I had personally traded with in an office back in Seattle. My point, if you're just posting trades or live stream...nothing else...that's different than real time collaboration...sharing data, trades or views of the markets in real time.
Why bother ?
The real question is why bother allowing someone to mimic/copy/piggyback your trades. To me it would feel like some jerk in the lunch room walks by and picks up your sandwhich without asking for permission to smell/take a little taste and then puts it back in your lunch bag with a shitty grin on his face.
wrbtrader
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I’ve seen some interesting and professional traders and quants on Twitter that created a bit of fascination among their followers, including some hedge fund guys. I was fascinated watching other people being fascinated. There may also be a way to make such trade tweets or streams more interesting and useful than just posting basic position entry. There is always room to do things better.
Actually I understood this part. On the website I think they either have a subscription system (if someone follow you, they pay you a fee) or a profit sharing system (if you copy and win, you pay a %). But I haven't stay long enough to figure out if these are true.
If so, for someone starting out, it maybe a good way to get established or try strategy and get paid. Would I do it? No.
Frankly I don't understand your business model.
Same as Virtu and Rentech. Using technology for prop trading, or running a fund. Or licensing that technology to hedge funds that are closing because they don’t have such technology.
But Virtu does many things, and we don’t need to understand every piece of their business model, even though they’re publicly traded company. While every serious company must have multiple products, services and sub-business models to continually grow. I’m actually trying to figure out everything that Virtu does. While startups come up with new business models as they learn what does or doesn’t work. Twitter and Snapchat are still looking for their business model. Uber and Lyft don’t even know how or if they’ll ever make money. It’s common to test variety of ideas to see what sticks, and no one may know what they are before they are implemented. While I also like to come up with consumer products, so we’ll see what happens.
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You said "we" so now I understand you are not a one man band like me. Sorry for the confusion.
Wish you and your team the very best.
Broski. If you're smart enough to come up with a robust strat, you are smart enough to come up with a good monetization strat
Especially how thirsty retail is for "anything that works".