Thursday, August 8, 2013

New Website- Democratic Vote

Believe it or not, we are making progress on the new site, I thought it would go much faster than it has, but a lot of it is my fault in trying to decide what we can do and what we can't.

For instance, I checked in to sending Text alerts for trade ideas/positions, but at our current membership which is as large as it can be using the Blogger platform (I'm literally refunding money every week for people trying to sign up and have a waiting list for open slots), over the course of a normal week with several trade ideas (not like yesterday), I would be going through their highest tier of $375 a month and additional texts at some rate which is fairly inexpensive, but you count all of the members, all of the trade alerts (at least 2 for every position), I not only run in to an unreal amount of money, but I far surpass their maximum texts per month and that's at a conservative level.

So, when the new site is up, you'll be sent a coupon code (as any current members will be grandfathered in at the current subscription, but new members will be higher) and a link that will allow you to create your own username/password and profile which will include what types of emails you want to receive, right now every one goes out, but I came up with about 6 categories like "Trade Ideas", "Market Update", Position Follow Up", "Analysis", etc so you'll be able to select which categories you want sent to you and for many of you, you might chose "Trade alerts" only and get the rest from the site which will automatically refresh. Posts will also be color coded, there will be a window off to the side showing any position changes/new positions made that day so you don't have to dig through all of the posts, there's a lot of other stuff you can do in your own personal profile and I sent the basic parameters of a risk calculator, he sent me a mock-up of part of the calculator, it has many more fields than this and it looks like this...

This is not what the site looks like, this is essentially a blank page that the calculator was created on.
I don't know if you can see it and like I said there are many more fields, but I entered $10,000 for portfolio size, $10 for the price of the stock and the intended stop of $9.00 and based on the 2% rule for risk management, after I hit calculate, the green bar came up and says "You can buy 200 shares as each share=$1.00 risk and 2% of your $10,000 portfolio is $200."

There are other fields that will go in to cover other aspects, but it should be a nice tool to quickly get an idea of what the 2% rule would say about the risk and position size.

In any case, there's so much stuff on the site that I'm not even that familiar with it, but it's nice and clean.

What I'd like to ask you is, "If you had to label maybe 6 categories for purposes of what kind of emails you'd like to receive, what would the categories be?". It can be more or less, just what you think would be helpful to you as far as what you want immediate email alerts on and what you can read on the site (or you can get all posts sent to you like now).

TIA and I'm really looking forward to migrating to the new site, I think it will be much more efficient and add value for members.



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