I like this idea. There's at least one system I know of in competition with your business model. In trading desks, the data of traders is analyzed ato reveal the better traders. Almost always it's because they have some kind of 'inside' information. Can be a small thing like a friend that works somewhere keeps giving them tidbits. Legal or not, this is reality. The finance companies take this internal trading data and build models based around those traders, and sell the trade advantage to their own customers.
I think your site needs to compete with that, and other existing systems for adding value to 'better traders'.
Man this looks incredibly ripe for abuse. I don't know how, particularly, just that policing this will be tough because the intensity of interest in gaming/cheating such a platform will be overwhelming.
I like this idea. There's at least one system I know of in competition with your business model. In trading desks, the data of traders is analyzed ato reveal the better traders. Almost always it's because they have some kind of 'inside' information. Can be a small thing like a friend that works somewhere keeps giving them tidbits. Legal or not, this is reality. The finance companies take this internal trading data and build models based around those traders, and sell the trade advantage to their own customers.
I think your site needs to compete with that, and other existing systems for adding value to 'better traders'.
Man this looks incredibly ripe for abuse. I don't know how, particularly, just that policing this will be tough because the intensity of interest in gaming/cheating such a platform will be overwhelming.
Acknowledge that a platform like this will be a target for gaming. Please try to break it and tell me how you did it.
Signing up and publishing random price targets gives you a 1% chance of being a top 1% analyst :)
Relevant XKCD:
https://xkcd.com/525/
- i ll give you an even better idea
- find all the YT videos that talk about trading
- find all their predictions and the time on their video when the prediction was made along with the stock
- find today s time and evaluate whether the prediction was good or bad and how much profit / loss in percentage
- create a coinmarketcap type website of all YT channels sorted in descending order of how many good / bad predictions and percentage gain / loss etc
- would be a wild freaking website and the idea could be extended further to blogs