Regulating Tipsters

rkkarnani · #11 21st September 2007, 02:21 PM

Quote:

Originally Posted by franktrader

i request the senior members to kindly start one thread in which you can tell about those traderji members who have been giving successful tips for a long time now.

you can tell the name of that person and the link to his thread.
then new members will be in a better position to differentiate between "the real good trading tips" and "merely hit and trial tips".

those senior members who have been on tradeji for a long time now, can easily tell the names of successful tips giver.

and it will help a lot.

thanks and regards

I doubt if seniors here have been visiting the TIPS giving threads!!!!
They are all busy learning from each other and also 'teaching', 'explaining' n 'educating' the newbies. They I feel would not be wasting there time in matters like following tips.
But in any case your suggestion is valuable if followed.

franktrader · #12 21st September 2007, 02:47 PM

Quote:

Originally Posted by rkkarnani

I doubt if seniors here have been visiting the TIPS giving threads!!!!
They are all busy learning from each other and also 'teaching', 'explaining' n 'educating' the newbies. They I feel would not be wasting there time in matters like following tips.
But in any case your suggestion is valuable if followed.

dear rkkarnani
thank you for the post.

i would like to clarify:

i never said that -- the senior members would have been " FOLLOWING " the tips. its a common phenomenon that some times we all just surf through the traderji forum reading the active threads etc...

that way we develop "an awareness or perception" about what threads are being read by most members these days.

so senior members must have seen some threads which had been showing good performance. for example --- threads of UASISH. we cannot say that all tips giver are frauds or just , hit and trial masters.

some people like to share there knowledge in the form of giving stocks recommendations. and there is nothing wrong in this, provided that they take the time after the market hours to clarify the genuine points raised by their thread followers.

Quote:

They are all busy learning from each other and also 'teaching', 'explaining' n 'educating' the newbies. They I feel would not be wasting there time in matters like following tips.

i totally and completely agree with this point. and i would like to add that giving stocks recommendations and then explaining the doubts of newbies is also a valid part of educating them. it should not be looked down.

anyway it all depends upon the person who is giving the stocks recommendations. what is his level of skills, what is his true intention, whether he wants to share his hard earned knowledge or if he is just on an ego trip !!!! it depends !!

kindly do not consider my reply as a negative response. i merely wanted to point out that giving stocks recommendations could be a part of teaching the newbies, if it done in that manner.

and in any case the blind following of tips or recommendations is never recommended. one must always do his or her own study before making any trades.

thanks and regards

Traderji · #13 21st September 2007, 03:18 PM

From reading all your posts - I think one solution would be to have a separate section for caled Trading Calls where members can post their tips, etc.

Tips are always going to be popular because a majority of traders are looking to make a easy money without putting in any hard work!

My personal feeling is that having a separate section for tipsters is going to generate even more traffic (calls) in this section. Only good thing out of this is that it would move all the tips to just this one section. But coming to the title of this thread - "Regulating Tipsters" - it does not seem an easy possibility.

oxusmorouz · #14 21st September 2007, 03:40 PM

Quote:

Originally Posted by Traderji

From reading all your posts - I think one solution would be to have a separate section for caled Trading Calls where members can post their tips, etc.

Tips are always going to be popular because a majority of traders are looking to make a easy money without putting in any hard work!

My personal feeling is that having a separate section for tipsters is going to generate even more traffic (calls) in this section. Only good thing out of this is that it would move all the tips to just this one section. But coming to the title of this thread - "Regulating Tipsters" - it does not seem an easy possibility.

Yes traderji, coming to think of it, it does look pretty impossible to moderate each and every post.
I'm not sure if having a separate section for tips would be a good idea, since about 90% of content in the existing "Equities Section" itself seems to be related to tips and it would lose its purpose if a substitute section was started.
One solution would to make "n" number of posts in technical analysis and fundamental analysis section before one can start a thread in the equities section. To what extent it is workable, I'm not sure.

--------------------------------------------
P.S: Some viewer of this thread sent me a reputation message asking some details about me. Since I cannot view who sent the reputation it is not possible to reply back. I request you to send me a PM instead. Thank you.

oxusmorouz · #15 21st September 2007, 03:44 PM

One more thing. I don't understand this concept of giving tips without the tip-giver trading it. Atleast, the tip he makes should be later backed by an attached contract note so that the tipster will have some responsibility.

omkarmango · #16 21st September 2007, 04:41 PM

Quote:

Originally Posted by Traderji

I think one solution would be to have a separate section for caled Trading Calls where members can post their tips, etc.

Yeah

& the Section should have statutory warning suggested by rkkarnani

"Calls posted here may result in BIG losses too, please recheck the call before investing/trading."

Omkar

rkkarnani · #17 21st September 2007, 09:19 PM

Quote:

Originally Posted by franktrader

dear rkkarnani
thank you for the post.

i would like to clarify:

i never said that -- the senior members would have been " FOLLOWING " the tips. its a common phenomenon that some times we all just surf through the traderji forum reading the active threads etc...

that way we develop "an awareness or perception" about what threads are being read by most members these days.

so senior members must have seen some threads which had been showing good performance. for example --- threads of UASISH. we cannot say that all tips giver are frauds or just , hit and trial masters.

some people like to share there knowledge in the form of giving stocks recommendations. and there is nothing wrong in this, provided that they take the time after the market hours to clarify the genuine points raised by their thread followers.

i totally and completely agree with this point. and i would like to add that giving stocks recommendations and then explaining the doubts of newbies is also a valid part of educating them. it should not be looked down.

anyway it all depends upon the person who is giving the stocks recommendations. what is his level of skills, what is his true intention, whether he wants to share his hard earned knowledge or if he is just on an ego trip !!!! it depends !!

kindly do not consider my reply as a negative response. i merely wanted to point out that giving stocks recommendations could be a part of teaching the newbies, if it done in that manner.

and in any case the blind following of tips or recommendations is never recommended. one must always do his or her own study before making any trades.

thanks and regards

Thanks buddy.... never meant to contradict your post, may be wrong choise of words....

rkkarnani · #18 21st September 2007, 09:28 PM

Quote:

Originally Posted by oxusmorouz

Yes traderji, coming to think of it, it does look pretty impossible to moderate each and every post.
I'm not sure if having a separate section for tips would be a good idea, since about 90% of content in the existing "Equities Section" itself seems to be related to tips and it would lose its purpose if a substitute section was started.
One solution would to make "n" number of posts in technical analysis and fundamental analysis section before one can start a thread in the equities section. To what extent it is workable, I'm not sure.
--------------------------------------------
P.S: Some viewer of this thread sent me a reputation message asking some details about me. Since I cannot view who sent the reputation it is not possible to reply back. I request you to send me a PM instead. Thank you.

No sir. my feeling is that it wont work. I see your post in technical section and in my reply just say well done oxusmorouz, it will be counted as a 'post' by me, and after N such posts I'll be eligible to offer my 'tips'.
Moreover, oxusmorouz, some tips are news based too, we either disallow such tips though some may be authetic too !!!
I think we all would agree with Traderji's comment "But coming to the title of this thread - "Regulating Tipsters" - it does not seem an easy possibility.
Regards.
R K Karnani

oxusmorouz · #19 21st September 2007, 09:46 PM

Quote:

Originally Posted by rkkarnani

No sir. my feeling is that it wont work. I see your post in technical section and in my reply just say well done oxusmorouz, it will be counted as a 'post' by me, and after N such posts I'll be eligible to offer my 'tips'.

True.It would,however, restrict the number of trolls who give tips in multiple ids.

Quote:

Originally Posted by rkkarnani

Moreover, oxusmorouz, some tips are news based too, we either disallow such tips though some may be authetic too !!!

Well, I was clear in my post wasn't I? As long as it is backed by relevant information, the person who trades by it should have the opportunity to analyze and act.

Quote:

Originally Posted by rkkarnani

I think we all would agree with Traderji's comment "But coming to the title of this thread - "Regulating Tipsters" - it does not seem an easy possibility.
Regards.
R K Karnani

Hopefully, someone will come up with a good solution to this problem.

uasish · #20 21st September 2007, 10:09 PM

If it is based on TA , a chart to be attached with the Signals,so we can learn,backed by actual trading a/c.