New Competition Idea

[lehayes]

Originally Posted by Stocktrading101

wow this took off, you guys have me pumped now lol.

I honestly didn't even understand the email until you guys started explaining it so good deal. Mark is right, we had a team competition, but not enough people signed up for it. If we setup a battle between sites that would be pretty crazy and surely bring in some attention.

Maybe we can have the FIO take care of all the message boards, rankings, etc. and charge an entry fee per site? Or, we should create a new forum on the idea, just go blab the concept to these sites, and bring um over to the FIO to discuss it?

Either way I think we should get a main concept and take this thing to the "public". How bout we get in the chat system tomorrow at like 9 and have the meeting then before the main FIO meeting begins...

If we are going to charge entry fee's who is going to put up for that? Will it be the sites or will it be the players? Also, if we are going to have entry fee's, I recommend that the site that wins get's the entry fee's as prize to the site for the efforts.

One question though, I am also a member of RD site, I would be qualified for either. What kind of ruling should there be for this?

Oh yeah, how does it feel to make a professional sport out of a bunch of number crunchers? Do you think Sports Illustrated would do a number on us? Could we be photographed with the Sports Illustrated swim suite babes surrounding us?

[lehayes]

Originally Posted by Stocktrading101

I like the team idea, which we actually did have at one point, just not as innovated. My thought is that we cannot actually have a "team richdad" or a "team investopedia" without the site knowing what is up. BUT, why don't we just say where the members are from? for example

Team: The Destroyers
From: Investopedia.com
Total Team Members: 7

Team: Infinity
From: Falkininvesting.com
Total Team Members: 5

Like that? That way the team can represent their favorite site, and at the same time still be grouped together .



I have connections with some smaller sites that would probably love to sponsor a team. Have them make like a small donation to the FIO, then they are the sponsor of that team. Create seperate sections for each team with their sponsors name. And like Larry suggested in the email, if the team wins then the sponsor can go down in the "hall of fame" with that team.

Winning sponsor goes down in the Hall of Fame and the losing sponsors go down in the Hall of Flames (heh heh).

Hey, can we make a Reality show out of this? Maybe get it recirded to compete against that who wants to be the next millionaire show?

If we are going to have teams, we should have team logo's near our avitars, maybe above our avitars as a banner... yeah, a banner that displays our team logo. Maybe we should have the sponsors name the teams they are going to support so they can get another sales pitch in the teams name and logo... I see money... who want's to send me some?

[Stocktrading101]

Winning over learning, I would say that this would reward those who learned to play well. Also, we could have another one that would be sponsor voted most learned or most educated growth or something like that.

When I really think about another sponsored individual event, all I see is the Falkin Series. We have these things setup and running; so it makes me wonder if we could just get sponsors to sponsor current contestants. Personally, I do not see enough value in sponsoring one contestant. Just being blunt, $20 could get me 100,000+ impressions on a competitive site.

Just be careful that the rules don't trim out peoples trading styles. I love the idea of spanking on an options player with just stock trades. It kind of boosts my ego a little and bruises theirs (*Evil Grin*).

I agree. If we set it up as a team competition the rules are going to need to allow for groups to discuss and then as a group make buying and selling decisions. I peronally don't think options would be a viable option for a team setup. Opinions?

If we are going to have teams, we should have team logo's near our avitars, maybe above our avitars as a banner... yeah, a banner that displays our team logo.

I like that, you would just need one of the team members to be half way proficient with photoshop to make one. I think it would be cool to setup a seperate forum for each team, and the forum would display their team name, and I could load up their logo to the server and display it next to the team name so anyone going through the forums can see it.

One question though, I am also a member of RD site, I would be qualified for either. What kind of ruling should there be for this?

haha, I was thinking about that as well. Since we can't only display where the team is based out of, it really isn't too big of a deal. If three of us are our of FIO and 4th person is from FIO and Investopedia, then I say just display it as FIO, or maybe both, I guess it'd be up to the team.

[lehayes]

When I really think about another sponsored individual event, all I see is the Falkin Series. We have these things setup and running; so it makes me wonder if we could just get sponsors to sponsor current contestants. Personally, I do not see enough value in sponsoring one contestant. Just being blunt, $20 could get me 100,000+ impressions on a competitive site.

Originally Posted by lehayes

Ah, but with a single contestant, the posibilities may lead to individual success. For example, let's say that Joe comes up with a really cool technique that works for him and lands him the #1 spot more than once. sponsors see this and go "I gotta get my hands on that guy". Next thing you know, it is taking Joe to places where he has never been before and making the kind of money he really feels he should be making. With Joe being so lucky and knowing it all came from the work at the FIO site, maybe he would know where he wanted to contribute his next charity donation, as a sponsor for the next guy in the line up.

I agree. If we set it up as a team competition the rules are going to need to allow for groups to discuss and then as a group make buying and selling decisions. I peronally don't think options would be a viable option for a team setup. Opinions?

Originally Posted by lehayes

They don't buy and sell as a group. They each compete individually in the same competition, like the atheletes in a 100 yard dash. The best team should pretty much be able to take 1st, 2nd, and 3rd (thoughts of NASCAR here). At the end of a year (4 competitions for example) the teams with the most wins and most 1st, 2nd, 3rd place, get a trophy that is the result of sponsors joint contribution (maybe some of the cash from the losing sponsored contestants).

I like that, you would just need one of the team members to be half way proficient with photoshop to make one. I think it would be cool to setup a seperate forum for each team, and the forum would display their team name, and I could load up their logo to the server and display it next to the team name so anyone going through the forums can see it.

Originally Posted by lehayes

Sponsors would be able to do this and provide their logo already on it.

haha, I was thinking about that as well. Since we can't only display where the team is based out of, it really isn't too big of a deal. If three of us are our of FIO and 4th person is from FIO and Investopedia, then I say just display it as FIO, or maybe both, I guess it'd be up to the team.

[lehayes]

Speaking of which, maybe FIO should consider bringing me on board to help come up with some of the ideas and working it out *Evil Grin*

[lehayes]

Just for the fun of it, I am starting a little bit of a fight at RD forums on the Paper Assets forum to see if anyone takes the bait. Right now I am not posing anything threatening or challenging, just some questions. Below is the intro on the thread:

Originally Posted by lehayes

Option traders vs. Stock traders, who will win? Why?

Just putting out this little feeler to see what most peoples opinions are and why they feel the way the do about their decission.

Provided you give an option trader and a stock trader the same amount of money to work with, the same amount of time to work on their trades...

Who do you think will come out ahead? Why?

Which one has the higher velocity of money? Why?

Do you have any information that can prove your theory?

Do you have any test runs that can demonstrate you opinion?

[gijoe9]

Wow this thread has really taken off I am still trying to read all the posts but I am in for Weds at 9 EST for a live discussion.

[gijoe9]

Here is a little something I through together to help us focus our efforts on this. It is not an official document but the begining of a draft at best if you intend to be on the live chat about this Weds at 9pm EST take a min to look this over and add anything to it you want to talk about so we can hash this out and hope fully come up with an action plan.
Joe Styles