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Renaming the Market Wizards user title
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Renaming the Market Wizards user title

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

Renaming the Market Wizards user title

All,

Since it's creation on December 12th 2009, the "Market Wizards" usergroup was supposed to be a reward for the participation level of a particular user on the forum.

Only a small handful (currently 20) of users have this title. It was meant solely as a big way of saying "thanks".

Unfortunately, instead, it seems to not have had the desired effect. Some recipients of the Market Wizard title did not want the title at all, as they felt they did not earn it. Others (regular users) would see some users with the Market Wizard rank and question how or why they received such a rank (in other words, they didn't truly earn it or deserve it).

The Market Wizard rank was formulated based on forum activity and the number of helpful posts. For example, someone who makes 1000 posts but receives 0 thanks for those posts will never be a Market Wizard. The number of "thanks received" is a large factor in the formula.

I plan to make some adjustments to the formula. First, I am considering only allowing users who have been on the site for more than 1 year to have the title. I'm also considering further tweaking the formula to put more emphasis on the "Thanks received".

I would like to get your input on these changes, and also -- in particular -- I would like for you to make suggestions on what we should rename the Market Wizard rank to.

It seems only fair that I ask the current 20 market wizards for their opinions specifically, so:
@bluemele, @bugsbunny, @cjbooth, @cory, @Eric j, @Fat Tails, @forrestang, @gomi, @Jeff Castille, @kbit, @lolu, @Lornz, @monpere, @MWinfrey, @redratsal, @sysot1t, @ThatManFromTexas, @Tiberius, @tigertrader, @trendisyourfriend.

Mike

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The following 4 users say Thank You to Big Mike for this post:
 
  #2 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received

Well, what will I wear for Halloween this year if you change this??

I like the idea.

# of thanks is good to show who is helpful, who is not etc..

I wonder if it is possible in a way that we could rank people (all members) as to if we think a guy is a wizard or not?

That would go more in the beginner--->intermediate--->advanced--->Master category, but I think it isn't a bad idea, but could offend...

Like, what if you had a minimum 20 votes and we could vote on each member as to what level we thought they were.

0 jury is still out (less than 20 or 50 or whatever votes)
1 just starting out
2 on the path to more etc..
3 knows their business
4 kickin ass and taking names...
5 Trading GOD

I think that would get the more accelerated traders to add more value maybe? I don't know, maybe a terrible idea...

Thanks for the effort though!

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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


That would take a whole new module. For now I can only tweak based on stats available in your profile, like # of posts, join date, # thanks received, etc.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #4 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 688 received

Maybe 'Time' should carry a heavier weight.

Also maybe just raising the requirements and starting everyone back over from scratch?

I guess the renaming is due to the implication that the 'Market Wizard' is a market expert..... so maybe just renaming the title to 'futures.io (formerly BMT) Aficionado' or 'futures.io (formerly BMT) Addict' or something would ease the situation? That's really what it is, I guess by the time you get to 'Market Wizard,' you've spent sooooo much time on the site that you probably do know where everything is.

Although usually on most forums with rank, you typically see the rank somehow correlated to the purpose of the forum, in this case trading.

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  #5 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

I'm thinking the one year minimum is a good idea and you could probably bump up the "thanks" number a little....sounds fair enough.
One question though ...would current wizards be "grandfathered" or would we be stripped of our rank ?

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  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

I always liked the "Market Wizard" title because it seemed to tie in well. But like I said, I received a lot of flak over it. So in particular, I'm looking for some good suggestions for renaming it-- something "cooler" than "futures.io (formerly BMT) Addict"

There is no grandfathered in -- sorry, the calculations are performed once a week and everything is automatic. So you would simply qualify, or not, based on whatever the new conditions are.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #7 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,068 received


kbit View Post
I'm thinking the one year minimum is a good idea and you could probably bump up the "thanks" number a little....sounds fair enough.
One question though ...would current wizards be "grandfathered" or would we be stripped of our rank ?

Like you once said, "This is not a democracy it is your house", I am simply a guest and will accept any decision. Personally I don't think a color or a name will change what I really am, you know much more from a person by what and how she/he writes, I realize that for new members it is difficult to identify the true leaders of this board but that is part of the time to be spent to be part of the comunity. When I look to a profile I always give more emphasis to the thanks given rather thanks received, that is what I call the TRTG ratio, sometimes it is 1:10 and IMO It really changes the judgement of the person, but again that's me and I am just a guest....

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The following user says Thank You to redratsal for this post:
 
  #8 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


redratsal View Post
When I look to a profile I always give more emphasis to the thanks given rather thanks received, that is what I call the TRTG ratio, sometimes it is 1:10 and IMO It really changes the judgement of the person, but again that's me and I am just a guest....

I'm right there with you on that. I've got some ideas on how to bring more attention to those types of metrics, not just as a poster, but for example for specific threads as a whole, etc. Still working on it.

But when I see someone who is constantly posting and not sharing much of anything, and on top of that has not given any thanks, and has been a member for a long time, well I think that speaks volumes...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #9 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received


Big Mike View Post
I always liked the "Market Wizard" title because it seemed to tie in well. But like I said, I received a lot of flak over it. So in particular, I'm looking for some good suggestions for renaming it-- something "cooler" than "futures.io (formerly BMT) Addict"

There is no grandfathered in -- sorry, the calculations are performed once a week and everything is automatic. So you would simply qualify, or not, based on whatever the new conditions are.

Mike

No problemo, I do like the title but whatever you come up with is fine with me. I can also live with being a lowly plebe if that is what you decide

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  #10 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 688 received


Given that there are only 20 people out of a few thousand, probably means the title isn't completely out of whack. That's a pretty minuscule percentage.

LOL if someone was complaining about me having that title, I already know who it was

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