I don't dislike the table idea and the Current Trade section
could have its own table but then we would be having a table for
just one entry for the single and up to 4 for the multi - seems
like very little data for a table BUT we obviously want everything
to be clear.
Another option would be to list the current trade under the
Trade List but as OPEN and maybe even highlight it green or red
(long or short) while still listing the trade under the Current
Trade section verbally. Not sure what programming issues that
could/would cause.
My hesitation with the table is the restrictiveness. So
how would last night alert of - sell all the single on the open,
scale into 20% on the multi but still sell everything at the open -
fit into a table? I don't think very well. Then also
realize we have a situation where a stock had to close above a
certain number and below another (i.e. a range) and now the table
would have to support that. Now factor in that this has only
been for 1 round trip trade and other clarifications that could be
necessary and I think you end up with a table that might be more
confusing than the text itself.
As always we will be working to improve the tracking and
delivery of the system signals but I personally do not want to see
us react too rashly and then have another situation that needs to
be edited. I don't know that it is a great example but I
always heard real estate people tell first time home buyers "before
you take down that wall or rip up that floor, live in it for a few
months and then decide". I don't think we need a few months
but I just want to make more targeted moves in any changes that are
well thought out and I think in the long run following that method
will provide the best result.
In the meantime the feedback truly is invaluable so thank you
everyone.
I don't mind it and I don't mind doing a table but I also think
if that was posted and nothing else there would have been
questions. The problem is now that everyone understands, or
seems to understand, they look at a template and say "oh yes I
would understand that" but my fear is they are not properly looking
at it from a standpoint of having no knowledge.
Frankly, this is not rocket science. In fact its not even
putting the square peg in the square hole. I think wording
wise it could have been better and I think if Matt's
"Clarification" post was what was sent then there wouldn't have
been as much of an issue but the way it worked was the sell was
first called out by the system and then the buy and then the buy
was not really confirmed until roughly 20 min before the close and
caused somewhat of a rush. Opining over the proper wording
and being timely were battling. We can improve.
I like the layout and the idea cause it mixes concrete
situations with comments to help add flexibility. There are
other issues that the formatting also needs to be able to be
emailed cause we send right from the webpage so there are other
concerns that come into play when you have all these products that
link (email, SMS, website etc.). What I appreciate is your
feedback and your willingness to not just criticize but help
provide a solution. That means a lot.
I'm leaning to just having pre-written or standard statements
that will be used each time. I would have these standard
statements listed on the FAQ page along with descriptions so that
you know what you will exactly see and what they mean. This
would also simply our backend and make it faster for us to send out
signals because would simply select a button that would choose one
of these statements automatically to display.
Long Initial Entry
SPY system notification
alert. Indications are that the SPY system may go long today
at the close.
SPY needs to close
below
$131.00 in order to initiate a long
entry. I will send an official notification before the
close.
The Single Entry system
will enter a 100%
position. The 'Multi Entry' System
will enter a new position using 40% of total allocated
capital. Decide which system is best for you.
Multi Entry System 2nd Long entry
SPY system notification alert: The SPY system will be adding
20% to its current 40% stake for a total position size of 60%.
SPY needs to close
below
$131.00 in order to initiate the trade.
This notification applies only if you are following the
Multi Entry system.
Multi Entry System 3rd Long entry
SPY system notification alert: The SPY system will be adding
20% to its current 60% stake for a total position size of 80%.
SPY needs to close
below
$131.00 in order to initiate the trade.
This notification applies only if you are following the
Multi Entry system.
Multi Entry System 4th and final Long entry
SPY system notification alert: The SPY system will be adding
20% to its current 80% stake for a 100% position size.
SPY needs to close
below
$131.00 in order to initiate the trade.
This notification applies only if you are following the
Multi Entry system.
Long Initial Entry
SPY system notification alert. Indications are that the
SPY system may go short today at the close.
SPY needs to close
above
$131.00 in order to initiate a short entry. I
will send an official notification before the close.
The Single Entry system
will enter a 100%
position. The 'Multi Entry system
will enter a new position using 40% of total allocated
capital. Decide which system is best for
you.
Multi Entry System 2nd Short entry
SPY system notification alert: The SPY system will be adding
20% to its current 40% stake for a total position size of 60%.
SPY needs to close
above
$131.00 in order to initiate the trade.
This notification applies only if you are following the
Multi Entry system.
Multi Entry System 3rd Short entry
SPY system notification alert: The SPY system will be adding
20% to its current 60% stake for a total position size of 80%.
SPY needs to close
above
$131.00 in order to initiate the trade.
This notification applies only if you are following the
Multi Entry system.
Multi Entry System 4th and final Short entry
SPY system notification alert: The SPY system will be adding
20% to its current 80% stake for a 100% position size.
SPY needs to close
above
$131.00 in order to initiate the trade.
This notification applies only if you are following the
Multi Entry system.
Long Exit
SPY system notification alert: The SPY system will be exiting
the current long position tomorrow on the open
(applies to both the Single Entry and Multi-Entry
System)
Short Exit
SPY system notification alert:
The SPY system will be exiting the current short position tomorrow
on the open
(applies to both the Single Entry and Multi-Entry
System)
I think Matt's "Standard Statements" regarding the pending
action are very clear (with the posted correction regarding shorts)
and I would like to have them as a sticky at the top of this page
just for convenience. Once a trade is entered then it could be
recorded in existing tables.
When only a handful of members ( out of 500 ) are challenged
with the current system trade announcements, you must be doing
something right! I can get confused and panic with the best of
them, but today's trade announcement was very clear and concise.
You are on the right track. Thanks for all your hard work and
patience.
Table
Posted by tom on 17th of May 2011 at 02:09 pm
I don't dislike the table idea and the Current Trade section could have its own table but then we would be having a table for just one entry for the single and up to 4 for the multi - seems like very little data for a table BUT we obviously want everything to be clear.
Another option would be to list the current trade under the Trade List but as OPEN and maybe even highlight it green or red (long or short) while still listing the trade under the Current Trade section verbally. Not sure what programming issues that could/would cause.
My hesitation with the table is the restrictiveness. So how would last night alert of - sell all the single on the open, scale into 20% on the multi but still sell everything at the open - fit into a table? I don't think very well. Then also realize we have a situation where a stock had to close above a certain number and below another (i.e. a range) and now the table would have to support that. Now factor in that this has only been for 1 round trip trade and other clarifications that could be necessary and I think you end up with a table that might be more confusing than the text itself.
As always we will be working to improve the tracking and delivery of the system signals but I personally do not want to see us react too rashly and then have another situation that needs to be edited. I don't know that it is a great example but I always heard real estate people tell first time home buyers "before you take down that wall or rip up that floor, live in it for a few months and then decide". I don't think we need a few months but I just want to make more targeted moves in any changes that are well thought out and I think in the long run following that method will provide the best result.
In the meantime the feedback truly is invaluable so thank you everyone.
Tom, look at the table.
Posted by ascr on 17th of May 2011 at 02:13 pm
Tom, look at the table. I emulated last nights situation.
I don't mind it and
Posted by tom on 17th of May 2011 at 02:37 pm
I don't mind it and I don't mind doing a table but I also think if that was posted and nothing else there would have been questions. The problem is now that everyone understands, or seems to understand, they look at a template and say "oh yes I would understand that" but my fear is they are not properly looking at it from a standpoint of having no knowledge.
Frankly, this is not rocket science. In fact its not even putting the square peg in the square hole. I think wording wise it could have been better and I think if Matt's "Clarification" post was what was sent then there wouldn't have been as much of an issue but the way it worked was the sell was first called out by the system and then the buy and then the buy was not really confirmed until roughly 20 min before the close and caused somewhat of a rush. Opining over the proper wording and being timely were battling. We can improve.
I like the layout and the idea cause it mixes concrete situations with comments to help add flexibility. There are other issues that the formatting also needs to be able to be emailed cause we send right from the webpage so there are other concerns that come into play when you have all these products that link (email, SMS, website etc.). What I appreciate is your feedback and your willingness to not just criticize but help provide a solution. That means a lot.
Title: click to see comments I'm
Posted by matt on 17th of May 2011 at 02:28 pm
I'm leaning to just having pre-written or standard statements that will be used each time. I would have these standard statements listed on the FAQ page along with descriptions so that you know what you will exactly see and what they mean. This would also simply our backend and make it faster for us to send out signals because would simply select a button that would choose one of these statements automatically to display.
This notification applies only if you are following the Multi Entry system.
This notification applies only if you are following the Multi Entry system.
This notification applies only if you are following the Multi Entry system.
This notification applies only if you are following the Multi Entry system.
This notification applies only if you are following the Multi Entry system.
This notification applies only if you are following the Multi Entry system.
I think Matt's "Standard Statements"
Posted by bkout3 on 17th of May 2011 at 05:14 pm
I think Matt's "Standard Statements" regarding the pending action are very clear (with the posted correction regarding shorts) and I would like to have them as a sticky at the top of this page just for convenience. Once a trade is entered then it could be recorded in existing tables.
Title: I agree I agree with
Posted by cclammers on 17th of May 2011 at 04:48 pm
I agree with the standard statement approach. Once everyone understands the statements in the FAQ section it is a no brainer.
When only a handful of
Posted by meve on 17th of May 2011 at 05:41 pm
When only a handful of members ( out of 500 ) are challenged with the current system trade announcements, you must be doing something right! I can get confused and panic with the best of them, but today's trade announcement was very clear and concise. You are on the right track. Thanks for all your hard work and patience.
WORDS WORTH A THOUSDAND PICTURES/TABLES
Posted by RM686 on 17th of May 2011 at 03:51 pm
I agree with Matt, in this case words are worth a thousand pictures or tables. Spell it out so dummies like me can"t screw it up.
one correction
Posted by alefhand on 17th of May 2011 at 02:39 pm