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Yes downloads should be elite only. I like that idea. It really bothers me when I see my stuff show up on other websites and people have to pay for them and the gall of it...they don't even change the name or description. I don't even have a commercial website selling my stuff and they theoretically make money off my work.
I know making downloads doesn't protect us 100% but it would sure make it harder for the unscrupulous.
That which troubles you troubles me as well...along with other concerns about who is posting what in a public forum. Much is credible but there is a lot of low or no cred stuff catching support from time to time.
My personal view is that I would like to protect my "secrets" so that my methods and indicators stay effective. That is delusional for two primary reasons. First it is naive to think that Im the first, only, smartest or most disciplined trader to ever think of that. Second, if a posted method gets ten downloads it will be implemented ten different ways...each including the downloaders own bias (which is usually wrong). So in general there is little harm in posting most of a strategy or an indicator with general rather than specific settings.
The other side is that almost everyone that comes here comes seeking. Often there is no protocol for sharing, seekers take and very few post real content. That is a parasitic relationship and it sucks, agreed.
Would it be possible to allow the original contributor to control who can and cant download their work? Someone could allow "open" download while someone else might want only colaborative partners to download their work?
I do agree that all members should have to "join" with their wallet past a very basic view of the front page. It does seem like most do go for elite status. Requiring that may eliminate data miners and trolls.
I am not an Elite member, have made 0 posts, have been a "lurker" since I've joined, have downloaded a couple of indicators and some market replay data. But I thoroughly enjoy the site - the knowledge, the camaraderie, the willingness to help struggling traders like myself, the overall environment. Do what you have to to keep it that way.
Personally, I like the idea of Elite-only for downloads since I have more questions than ideas/solutions at this point. Seems to be the most fair and reasonable.
Should be fairly simple, you simply have to figure out the payback...
- Will giving downloads for free attract more members and therefore more advertisers?
Or
- Will this not impact your advertising revenue and therefore increase your revenue through subscriptions?
It's never easy to tell, so just try one option. If it adversly impacts your revenue, then change back.
IMHO, it may be a good idea to contact the top indi contributors directly and take a quick survey about what they think.
Case in point, I've noticed that Fat Tails opts to post his indis in the non-elite section. I'd hate to think of a situation where Fat Tails and other quality contributors like him are no longer compelled to share their work.
It is simply not possible to please all the people, all the time.
This site has cost and it has revenue.
Some people will see the revenue part as Mike being an evil vendor.
Personally, I think Mike should make a few $$$ from the site. On the other hand, a lot of people think he should give his time for free. There are people that will get very upset if he doesn't. The contributors you mention could be in either group.
It's a tough call. In the grand scheme of things though - it's small potatoes. If Mike can't decide, he should flip his lucky quarter.
Look, the guy is entitled to allow the market for his site to determine what or if he requires financially in return for what he puts in. 50$ for a "lifetime" elite access is the same as free guys. Anyone that won't or can't pay that should not have capital at risk in the markets.