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Elite membership as a gift to Friend/family members
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Elite membership as a gift to Friend/family members

  #1 (permalink)
Elite Member
Vancouver Canada
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,651 received

Elite membership as a gift to Friend/family members

Is it a good idea to pay for Elite membership for a talented family member or a friend?

My personal answer is a BIG No and I already read about one bad example here to confirm my bias (he was eventually banned from this site).

I would like to know examples where an Elite member paid for someone else as a gift and had a positive outcome.

A small story and the reason for this question.

My younger and talented cousin completed some sort of finanicial course & trading in US in 2012. He couldn't get a job in his field and was struggling a bit in 2013. My interest in technical analysis of trading also just started around the same time.

When we met for 2013 X-mas, I 'made him an offer he can't refuse'. Deal was this - He will open a trading account with 10k. He will pay 5k and I will pay 5k. If he profits, he keeps all of them 100%. Loss will be split equally 50%. In return, he tells me why he entered and exit a trade so that I get some education. Simple.

I didn't hear back from him for another 12 months!

When we met again 2 months ago, he was still doing a non-financial job. I raved about this forum and he agreed to look into it. He became a member (non-elite) soon, posted once in the introduction section and had NOT logged in for a month now.

I know I have painted a negative picture about his motivation but I have 3 to 4 family members who may benefit from Elite membership. Hence I would like to know of any positive experience from members who gave Elite membership as a gift and felt glad that they did.

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  #2 (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: 46,820 since Jun 2009
Thanks: 29,845 given, 86,309 received

I would recommend they pay their own way, otherwise they don't have a stake in the community or in their use of it

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The following 3 users say Thank You to Big Mike for this post:
  #3 (permalink)
Elite Member
Vancouver Canada
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,651 received

Since there is no positive example posted, I assume my bias and Mike's thoughts are correct. It's NOT a good idea to pay for someone else's elite membership.

I saved a hundred there. Let me try scalping and pay that to my broker.

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