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My dip stick does not say"check when hot and in park". It only says "refer to owners manual" with an a and a b hash marks but there is nothing in there about the transmission stick. Looks the same as others but says completely different things and I'm not sure that the hash marks are in the same spot as the others ones. They look close but I would hate to be a fool and assume something wrong.
On our dipsticks, the lower mark is the cold level and the upper mark is the hot level. If you are running your truck with the level between the two marks, your transmission fluid is low.
Adding fluid must be done with the engine and transmission hot, running, and in Park. If you remove the fill plug with the engine/tranny cold and/or not running, you will spill your expensive new transmission fluid all over your garage floor.
This service is best done with a lift. Doing it on a lift might make burned knuckles less likely. But it can be done with tires on the ground. That's how I did it, and I have the burn scars to prove it.