Suggestion regarding PPX regulation.

And what is the point of all this?
If those who pay attention to the news and trade well are to be penalized, why not simply to close the entire site before any wizard suggests that people should get some more or less appropriate prison terms for their participation?

You're completely right, under the condition that these people pay attention to the news BEFORE they invest rather than scramble after a conclusion that contrasts with their investment has been declared.

And to follow your analogy, this system is to punish prisoners attempting to escape after a lockdown has been declared, yet before the guards rush in to keep the cells locked.

Another solution is to keep guards in the prison cell room at all times, but so far, I don't see that happening.

this technique would completely trash the waveriding a lot of people do and also significantly decrease the ppx market and stock trading in general. the people on the top list would probably be the most pissed off too as would i. new ideas anyone?

The entire idea of this or any other “predictions exchange,” if I understand it correctly, is based on the fact that people buy and short “stocks.” If there is no shorting or buying, then there is neither "exchange" no change and the whole thing makes no sense at all.
As to the regulations (I would rather say: limitations) of the market suggested here, they would be appropriate in Venezuela, in Zimbabwe or in the USSR where I had a pleasure of being born and growing up.
I was going to apologize for my ironic tone but after having read the following “analogy”:

“analogy, this system is to punish prisoners attempting to escape after a lockdown has been declared, yet before the guards rush in to keep the cells locked. Another solution is to keep guards in the prison cell room at all times, but so far, I don't see that happening”

…after having read this analogy, I just urge the administration of the site to protect us against similar ideas.
Generally speaking, I think that the site works well and that we hardly need changing of the reasonable and well established rules at all. I can only repeat that, if some excessive regulations are to be applied, it’s much simpler just to close the entire thing which won’t work anyway or will work in the disastrous way any market always works under the burden of excessive and unnecessary regulations.

bkdude:

People would adjust their strategy to remain competitive if there was a waiting period to reverse your position on a stock.

But I think it might also reduce the activity level to the point where people would lose interest and walk away from the game.

A better solution might be a system where players - or certain trusted players could "vote" to halt a stock when admins aren't around. If enough people in the voting pool felt a halt was appropriate, the stock would halt even if it was 2am.

When admins return, they could review any halts and either keep them, or re-open trading. People who abused the vote could be removed from the pool.

But I expect this would be a tough change to implement as currently, even Taylor can't directly halt a stock. She has to ask the developers to do it for her.

Visit www.ppxchat.com A great place to meet PPXers and learn strategy.

msholdenct wrote:
"But I think it might also reduce the activity level to the point where people would lose interest and walk away from the game."

Yes,it's quite obvious. Good point!

"...players - or certain trusted players could "vote" to halt a stock when admins aren't around."

It might be and probably will be a mess.

"When admins return, they could review any halts and either keep them, or re-open trading. People who abused the vote could be removed from the pool."

Admins have no time to do everything necessary even now. Imagine the amount of work they will face in such a case.

Sorry, but I think that it is better not to change what is working relatively well.

The Admins have a pretty good working relationship with at least several players. It's unlikely those players would abuse the ability to halt stocks. If you required a few trusted people to agree a halt was appropriate, the odds of a rogue halt would drop even lower.

But getting the software changed so admins could halt stocks without going through the developers would be a meaningful step in the right direction.

Taylor asked for FIREDSOFT to halt about 24 hours before it actually happened.

Visit www.ppxchat.com A great place to meet PPXers and learn strategy.

I would not like the idea of trusting other users of the PPX with halting a stock. I think it will be stupid not to think that this power can be abused. There is enough bias as it is with this “trusted cloud” and we have seen how they can influence the decisions of the administrators on how stocks should pay. The real solution here is to have someone from the administration “always on call” so when news develop they can halt the stock on the spot. But I hardly think that will ever happen.

i think it would be nice to make this exchange as realistic as possible.

what is the problem with changing positions on stocks? investors do it all the time.

BUT, there is regulation.

if traders were to cause such wildness, then companies would fail at a tremendous rate.

that is what it islike here on the exchange with the waveriders.

you are almost better off not even trading.

i feel some more regulation would be nice here, so as we can make the exchange as realistic as possible.

SO IN OTHER WORDS COMMUNITY especially BKDUDE! IT LOOKS LIKE WERE ALREADY WORKING ON OUR WISHLIST, EH?

msholdenct, you have a pretty good idea but I think it'll still cause the same problems as the current system, just on a smaller level.

Say there are 10 people that have this vote, maybe 8 of them already have the correct position of the stock. After hearing from the other 8 players that the stock should be halted, the remaining 2 switch their position. Still the same problem of people switching their position after an outcome is known (although we're only talking about halting and not paying out, I would guess that almost all of the cases where the vote is to halt, it would be paid out without becoming active again)

Then there is the issue of where these players would talk about halting a stock. Probably would happen in ppxchat where other non-voting people would also be. Those non-voters would obviously switch their position if they knew the stock would be halted. So once again, same problem but just on a smaller scale.

I think we just need a small change like Taylor (or other popsci people) have the ability to halt a stock.

Getting Taylor and other admins the ability to halt stocks directly is non controversial, and it would probably get us about 1/3 of what we're looking for without much effort from the developers.

But the voting system is now out there for people to consider for the future.

Visit www.ppxchat.com A great place to meet PPXers and learn strategy.

Letting the tenants run the asylum, though fun as it may sound/be, is not what we need. A steady progression with feedback from participants is more effective for the betterment of the game than any sudden change that affects the flow of trading ever could. ... That being said, what does Taylor need? MORE POWER. C'mon people I can feel a mob gathering. Taylor, Taylor, Taylor!

An idea to help discourage wave riding, and to make this site more fun!

The new props would have multipliers.
The multipliers will start at x5

Every time you buy or short the prop, you will lose one multiplier.

You can change your position on a prop up to 5 times only!
After that you will not be able to change.

When the prop is halted and pays out, you get the normal pay, plus the multiplier value.

For example:
If you buy 1000 props for $50.00, and you stay long until it pays out, you get $50,000 x5 = $250,000

I feel that this will discourage wave riding, because you will lose a lot of money, every time you change your position, long or short.

This will also give the people who are in the top 100, a chance to go for the top position on the board, 1st place!

Fluctuations in the market are what keeps this exchange both realistic and entertaining. Putting multipliers on stocks will stagnate the market and make it completely unrealistic.

I think Taylor needs the power to Halt stocks not a committee of users.

this is a very inventive solution. i approve of it! :)

I like this site very much and I am really afraid that it will end with some kind of changes which will just kill it. As if we did not have a lot of totally useless activism in politics, we now have numerous suggestions about changes here. It works, it is familiar, it is logical, although, like absolutely everything in life, it has it's minor problems. Now, in order to fix some minor problems people suggets to get rid of what is logical, what is familiar, and what is working rather well. Then, thank you in advance for making this game a mess.

I like this site very much and I am really afraid that it will end with some kind of changes which will just kill it. As if we did not have a lot of totally useless activism in politics, we now have numerous suggestions about changes here.
It works, it is familiar, it is logical, although, like absolutely everything in life, it has it's minor problems. Now, in order to fix some minor problems some people suggest getting rid of what is logical, what is familiar, and what is working rather well.
Then, thank you in advance for making this game a mess.

Sorry for having posted the same text twice.

Thanks "Kirby"

"Fleawest", This is NOT the stock market, this IS a prediction exchange.
A stagnate market means nothing!
It's all about how the prop CLOSES, and how much you payed.

"arkadi", The top 10 people, are the same top 10 people from almost 2 years ago!
And you call that a "minor problem"???

This idea would reward people for actually making a prediction!

well first thing, this game hasn't been around for 2 years but that's besides the point...

simply because you put multipliers on the payout doesn't mean someone in the 1000th place will magically get to 1st place in a month. The people in the top 10 have the same opportunity to make the same money. So the problem of not catching up still exists.

It's a neat idea for making more money though.

If they continue trading, why should it be a problem?
I agree fully that "Taylor needs the power to Halt stocks" and that it should not be "a committee of users." I really like how things are going and I think that the changes suggested may be too radical.
There is one more problem with the possible changes. How many of us have been discussing them here? Just how many of us out of more then 33 000 people who have accounts on this site? I think that there is no way any significant changes can be introduced without a really broad discussion involving as many people as possible. So far, it's just the beginning. If everyone sees this conversation as such, I can only apologize for any strong comment I have made. But if it is really about deciding anything about "changes", I disagree. Sorry.

I believe Taylor needs to have the singular authority (in addition to those who already have authority) to halt props that have obviously satisfied the payout statement or proven it false. I do not believe placing restrictions or bonuses on trades are in line with the intent of the game.

How many of you have placed a position in a prop going long with the fullest belief that it will close long, only to change your position at a later date after having discovered additional information that seems to show the prop will close short?

I personally try to have no cash in my account. So as soon as a prop pays out, I reinvest the proceeds. Some of the props have limited public information so early commitment can be solely based upon a "gut decision." If I uncover information at a later date that changes my opinion of the prop I should have the unlimited ability to change my position.

The real "issue" here is allowing people to change positions AFTER the payout statement has been satisfied or proven false. There is probably no method to completely eliminate this flaw. Halting the stock as soon as possible is the best way to deal with this flaw.

I agree with berneburg completely.