Notification Preferences
Want a Little Dose of Excitement Delivered Straight to Your Phone?
Done! Just head to your account settings page, scroll down and where you see SMS Preferences, fill in your phone number.
Once you fill in your phone number, you hit save and the system will generate a verification code and send it to your phone. Type the verification code into the box and hit save one more time.
You're all set! In case you don't receive the verification code, please email [email protected] and we will help you.
Remember, you will always receive the notification via email as a fallback. You can filter those emails very easily, but please don't unsubscribe because then you will not receive other important Tiblio emails. We have very simple communications and don't email often. It is important that you receive the emails as a fallback in case SMS is down or gets blocked. The phone companies are increasingly strict with the usage of SMS notifications.
Also, keep in mind that we're authorized to send SMS messages in most countries, but each country is unique with their own requirements.
How about Push Notifications?
Yes, we do push notifications as well! How? You might ask. Well, push notifications are handled a bit differently than SMS. First, you'll need to download Discord and join our Discord server.
Once in, contact [email protected] and request your account to be connected to your Tiblio membership. Once that is done, you'll be able to turn on notifications inside Discord by issuing the following slash command:
/tbot alerts profit enabled True
Issuing that command results in a message from our server acknowledging that your settings have been updated.
Notification Triggers or Thresholds
Once your delivery preference is set, you can scroll down the page a little further and find your settings for each type of position alert, which we call Profit and Loss Alerts or Profit and Loss notifications.
How Notifications Work
These are notifications that are sent automatically for trades that you log in the Trade Journal. So as soon as you log a trade you will receive a notification that Tiblio is monitoring the price of that position.
The purpose of these profit and loss notifications is to nudge you to stay true to your plan. All too often we will open a position with one thing in mind, but when we're faced with a position that goes against us, we often change our mind. We convince ourselves to hold on longer. The same can happen when the trade is working in our favor. Our minds will convince us that we don't need to take profit, we can let it expire and make even more money.
These alerts help to nudge you to take a closer look at the position and say hey, well "I configured this thing for now, so maybe I should really look at this and decide if I should close the position".
For each type of position, you configure the alert in terms of a percentage of the credit that you paid or received. For example, if you sold an option for $1, then you received $100 in credit. When the price of that option falls to $0.50, you could buy it back to close for $50. We call that 50% profit.
On the loss side that option price may go from $1 that you sold it at, to $2. In that case, you could buy it to close for $200 which would be a 100% loss.
Timing of Notifications
Notifications are sent as soon as we detect the price change that puts the position within the configured threshold. We monitor for prices every minute or two minutes and send a notifications for a specific position at most once per day. So no need to worry that you're going to get flooded with annoying messages.
Types of Notifications
You can configure notifications for a wide variety of positions, however, complex, multi-leg options positions such as Iron Condors, have to be logged as multiple trades. Therefore you would configure alerts for each trade logged. You'll find the following options on your Account Settings page.
- Stock Positions
- Short Option Positions
- Long Option Positions
- Short (Credit) Spread Positions
- Long (Debit) Spread Positions