Is it safe?
To stick my head out of the foxhole? This is a follow-up to yesterday’s post.
First and foremost I need to reiterate that I was very specific about not recommending any changes in the CAPS scoring system. I don’t want to change the rules of a game that was established long before I joined and is much larger than my contribution to it. My main request was for an additional tool, a screener, that would help myself and a few others get more out of CAPS. I have no desire for any changes that would be likely to diminish or change anyone else’s experience.
I can sympathize more now with TMF after seeing the divergence of the responses. I tried to keep things simple, but a lot of people added impractical pie-in-the-sky type requests. Who could blame TMF for throwing their hands in the air and saying they’ll never satisfy everyone?
I can’t acknowledge each comment individually. I still have to do my company research for the night. I chose a select few where I believe I have a useful perspective.
#4. AnomaLee, I respect your work but not your point here. I see no comparison between a limit order and the 20 minute delay. To look at things from another perspective, imagine two CAPS players trying to rate MSFT. One has a job and the other lives in Mom’s basement drinking Mountain Dew and spilling Cheetohs dust on his pot belly all day long. Either of them could set a limit order if they wanted to really buy MSFT and turn the computer off for the day. But only one can spend all day canceling and re-entering his CAPS pick to get the best possible entry price (or run a script to do it for him). Personally, I have a job.
#6. Stats, how practical is it to include trading volume as an eligibility criteria? Seems difficult to establish exactly where a stock stands with respect to that parameter at any given moment. Also, remember I’m not asking to change the rules or restrict what other players can do (see comment #7 also).
#9. Alex, I discount accuracy because the market awards nothing for it and it is easy to game in CAPS. Score is the only measurement somewhat analogous to profit, which is what I want. The screener I propose would allow me to discount accuracy and you to include it, and even ignore score if you wish.
#11. Holy shyte! You can write scripts in CAPS to power bot zombies? This is by far the most eye-opening comment and explains a lot of what I have seen. Any response, TMF?
#16. Super, regarding the 5 star blown out companies, no need to force-close the picks. Just change the ratings of all unratable stocks to unratable/NA rather than stars (see comment #20). Trivial fix.
In short, I think if one expects any changes one should observe certain rules:
1. Do not ask for changes that will interfere with another player’s scores or CAPS experience. The game is the game, we knew the rules when we joined. One possible exception to this is the 20 minute delay. Sorry, Cheetohs guy.
2. Do not ask for changes that you yourself would have absolutely no idea how to implement. If that is the case, they are likely unwieldy and logistically impractical. Remember that even though CAPS is collective intelligence, it IS free and upgrades cost money.
3. Do you have a strong reason to think many others would desire the same change that you do? Even if there aren’t 66000 people here, there are probably 10000. How many are going to benefit from that special charm for only investing in companies that don’t use trans fats?
I hate to say this, but there are just too many comments (several agreeing with or objecting to things I never proposed). Please keep this thread tight and on point. We’re trying to get something done here.