@Powertrade, "After reading a multitude of comments, it appears the negativity toward a double call auction based IPO system comes from a lack of understanding of the topic. "
Agreed. One of the key goals to running something like this however is balancing the required information to participate against the core requirements of participation. With the new IPO system the skew is too high, and the continued existence of a basic vs advanced trading system illustrates that. If everyone was ready for that type of system, the basic system would have been obsolete months ago and removed as an option.
I realize this is borderline disrespectful to the community as a whole, but there's a large portion of people who will never, NEVER want to learn how to short a stock much less the double call system, it's just not going to happen. Again i agree the problem is education, but the solution isn't educating them.
Catering to both user bases without alienating either is the best course of action. I mean you've essentially given away a primary component of trading strategy that would propel someone into the top 50 within a few weeks from a million, but i promise you, almost nobody is going to use that information to their advantage, and there's a good number of people either scratching their heads, or saying "that's too complicated for me" . For me to get avid gamers interested in playing this was hard enough and for a few of them the community drives them to stay more than earning more DKP. For me, competing against my own local strata is more then enough, i don't care about making it up into the top 25 anymore because the requirement of week over week gain percentage would require me to change the way i play the game. Very few people, i would say roughly 15, have any desire to get this engrossed in the game. I'm not trying to discount anyone's participation, I'm simply trying to impart the idea that what's fun to you is not to others, and what comes naturally or easy, doesn't apply to everyone.
To radically over simplify things, your gratification comes from your portfolios's predictions being correct, the majority's gratification comes from a games's stock going up. You're playing chess, they're playing checkers. There's an exponential level of difference between the game you're playing and the one they are, and some people never want to move beyond checkers, while others enjoy chess, but only want to put a game of checkers worth of effort in.
Side Note: A few other nice features for Advanced trading: Stop-loss orders, sms texts for x% declining stocks in our portfolio's, and a quicker way of adding/removing an unfilled order from a stocks double call list.
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Agreed. One of the key goals to running something like this however is balancing the required information to participate against the core requirements of participation. With the new IPO system the skew is too high, and the continued existence of a basic vs advanced trading system illustrates that. If everyone was ready for that type of system, the basic system would have been obsolete months ago and removed as an option.
I realize this is borderline disrespectful to the community as a whole, but there's a large portion of people who will never, NEVER want to learn how to short a stock much less the double call system, it's just not going to happen. Again i agree the problem is education, but the solution isn't educating them.
Catering to both user bases without alienating either is the best course of action. I mean you've essentially given away a primary component of trading strategy that would propel someone into the top 50 within a few weeks from a million, but i promise you, almost nobody is going to use that information to their advantage, and there's a good number of people either scratching their heads, or saying "that's too complicated for me" . For me to get avid gamers interested in playing this was hard enough and for a few of them the community drives them to stay more than earning more DKP. For me, competing against my own local strata is more then enough, i don't care about making it up into the top 25 anymore because the requirement of week over week gain percentage would require me to change the way i play the game. Very few people, i would say roughly 15, have any desire to get this engrossed in the game. I'm not trying to discount anyone's participation, I'm simply trying to impart the idea that what's fun to you is not to others, and what comes naturally or easy, doesn't apply to everyone.
To radically over simplify things, your gratification comes from your portfolios's predictions being correct, the majority's gratification comes from a games's stock going up. You're playing chess, they're playing checkers. There's an exponential level of difference between the game you're playing and the one they are, and some people never want to move beyond checkers, while others enjoy chess, but only want to put a game of checkers worth of effort in.
Side Note:
A few other nice features for Advanced trading: Stop-loss orders, sms texts for x% declining stocks in our portfolio's, and a quicker way of adding/removing an unfilled order from a stocks double call list.