Comment by vyrotek | Hacker News Reader

Comment by vyrotek | Hacker News Reader

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Sorry if this comes off too negative. But, you want to pay 'top traders' who probably already make good money a few bucks to blog about their tips and other information?

Im not too familiar with how 'info friendly' traders are, but I was under the impression people didnt openly share all their tips.

Wont the community end up just being full of people trying to promote specific stocks they are interested in and not necessarily ones people in general might want?

Edit - So I looked around CAPS and it seems they have a blog section. So i guess people do like to share something. But the comments and votes seemed pretty dead today.

I still think people are more interested in what people are actually DOING in the stock market rather than what people THINK about certain stocks. I would love learn from 'top traders' by looking over what they have done in the past. Lots of people talk, few people do.

Well, I've bumped into a few traders (mostly in the energy commodities trading arena) and you really get all sorts. There are the guys that won't even tell you where the bathroom is in their building, then there are the guys that love spreading their opinion around so they can reap the recognition when they made the right call.

Presumably equity traders (which I believe is the focus of this site) are the same way.

I do think the OP is going to have something of a tough sell to get any of them to participate though. I'm not sure if the incentives are high enough... particularly during the "get it off the ground" phase.

Still, I think it's an interesting idea.

It's not negative; it's an astute observation, and I thank you! :) I suppose some might fully have the intention to promote stocks they are interested in, but all submissions are subject to community voting so theoretically only opportunities of true merit should rise (I have plans to defend against gaming the system). Successful traders sharing tips actually makes sense if they've already bought into a position, because they are essentially promoting that position. Many "expert" analysts get paid to give opinions, and I think everyone should have this opportunity.

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