Turns out you can lose money...
@Timothee-Atouba what about finding the next youngsters to fly as an option.
@Burial It certainly is an option but you’ll be lucky to find one that’s not overpriced.
@Timothee-Atouba I agree the pool is getting
shallower as any half decent younger will rocket on IPO, so they are out. However I'm sure theres a few kids out there who will play a blinder in the next 6 months to go mad in price.
@Yellow since my mini whinge about 20 comments or so back I'm up roughly 0.12% meaning the 5 hours that have elapsed are probably the most profitable I've seen in close to a month
@Dan-The-Man I completely understand where you're coming from. I think it's a 'grass is greener' thing. I've been as low as 7 players and as high as 56 since last season finished. When it was narrow all the names I wanted would plague me, when it expanded I couldn't have the hold sizes I wanted.
Currently at 23 with a few still on my wish list and ive come to the conclusion that if I cant turn an over all profit on 30 players then maybe this isnt for me. There are still dozens of players I'd like to hold but I'm gonna do my best to stick at 30 and no more. Hopefully itll force me to be somewhat selective without being dismissive of somewhere where there may be profit.
Where have your falls over the last month been mate?
The consultation from FI on the colour of buy sell buttons and what order they are in.
Can the sell button have
"LOOK AT THE FECKING SPREAD AGAIN BEFORE YOU SELL BECAUSE (insert player name) DIDN'T SCORE IN THE FIRST HALF YOU FECKING MORON!!"
The goods days are being outweighed by the bad days. I don't mind losing because of injuries, or playing shit every game but this. This is bollocks.
@Burial Gouiri and Pellegri are a-list talents whose prices are sensible because both coming back from injury. Could have to be patient though. Nowadays to get any value with a youngster there has to be some unattractiveness with their profile. Some of the hype needs to have come out of the bubble.
I have large holds in most of the Top 10 players so I've been in the red daily for the past month or so now too.
I just ask myself 'Are they really at their All-time highest point right now?' and will they NEVER be higher ever again (next 3 years anyway). Surely not.
Even looking to this time next year, there must be some players knocking on the £10 door again as the entire index gradually rises? Particularly as a dividend increase is surely inevitable in the coming months.
I think it's because the 'Safe' holds have hit their ceiling £5-£7 as the rest of the Index is catching up. A PB and MB increase would be fantastic news for me, and I do believe it's coming.
However, is the increase is aimed towards IPD's then I'm afraid I'll probably have to call it a day on FL.
Note: I still love this product and I'm so glad I found it last year!
@Yellow Pogbas probably a good 80p or so down from his most recent peak and currently 47p in the red for me.
Rashfords probably dropped 75 p, currently still 29p in the green. Foden must have dropped 30p or so, 2p in the red. VVD -12P. Sancho probably 25p down from his high, still 9p in the green there.
There are others who I think are great holds currently that I've bought recently who are already starting to slide a bit
I'm not getting twitchy or anything, at least not about seeing red, but I am really beginning to wonder if these current trends are here to stay. I mean look at him tonight who will inevitably become known as EBH. After the first flurry of buys, anyone who bought was basically betting that he'd score again
@TomIrving Fortunately I don’t hold anybody over £4. For those who hold premium players the last six weeks or so must have been rotten and the next dividend increase will be a massively pivotal announcement in FI’s evolution and whether it’s really the “football stock market” or just another football punting site.
I like you love the index but only as the Football stock market. So we’ll see. Maybe we’ll find out on the birthday?
Long Haul Col
@MickTurbo Got a few of the players you mention but ultimately they will recover.
Form is temporary class is permanent, has never been a more pertinent phrase on here.
Most who hold a port with players that are mostly valued over £2- have seen a slide in price but......those players catching up will soon dip as investors realise where the true value is.
I have a very diverse port and have been hit less than most but the players that I will continue to hold long term are the sort of players you highlighted and I cant believe why anyone would sell these quality footballers that will still be high on the index in 3 years when many of the others have fallen.
Said it many times but Patience is the key here.
@Long-Haul-Col I agree with what u say but I'm just really bored at the minute.
I've always had a little issue with that phrase, 'form is temporary, class is permanent'. When gary Taylor-fletcher ends a goal drought its form, but when harry kane ends one its class. That's just my little way of looking at things though, and is entirely irrelevant lol
Long Haul Col
@MickTurbo Very funny, but thats why GTF (not get to fuck, but Gary Taylor Fletcher) is playing for Bangor not Spurs.
He started out at my local team tho Northwich Victoria.
Agree with you that losing money is boring, but just hold and lets see where we go
Mr Random number
@Vespasian32 leave? Lol now it’s you being negative or have you realised i might be right? I suspended my account for 7 days hoping when I return from my holiday I might stop losing profit. Another few hundred quid down though, last night felt ok because I was £30 up on the night only to wake up £20 down. My plan was to reassess October. Think I’ll bring that forward. Football index has changed big time.
@Mr-Random-number no because you're reason was about the market failing. Its not its growing... I've just lost my edge in the market to take advantage of the trends. Some people will be making a killing... Haland up £2 in 3 months... Some people got rich. As I say, I'm long way from my exit point yet....so time for the market to adjust again or for me to understand where the new money is.
My strategy to date has been based around day trading and now, due to work, I can't really do that so I'm trying to adapt to needing longer holds... Not my forte at all... Yet
@Vespasian32 Problem for me is I'm set up for medium or long term holds but checking short term and seeing my port drop!
Either need to change to a shorter term strategy (which I don't think I'll be good at) or simply try to ignore the dips and see the bigger picture.
From a personal perspective my profit has slowed down slightly but at present it is still a steady(ish) increase. From the start I have avoided what I thought were price bubbles and aimed for 4-8 months steady increases.
For me what I am seeing at the moment is a fair bit of price levelling. How many times did we hear 'is it too late to get on....' the answer tended to be a glorious no!! Well it might be the case that at the time it worked as the market kept growing but if you were buying in after a player had risen 20p that was still a hell of a lot of shares that were bought at a lower price than yours.
I think more than ever you need to be ahead of the curve. People are upset players are dropping 6-10p if they don't score. The simple answer is surely to sell pre-match if this upsets you. Yes, you could miss out on a Haaland type rise but it all comes down to risk vs reward.
As I say, I have missed out on some big risers during my time on FI - the Greenwoods, brewters etc. but I have had to accept that in order to keep my risk levels low.
The theory of inexplicable prices compared to divs must be the same theory as the proper stock market (correct me if I'm wrong) but the likes of Uber haemmorage money every year buy still hold a share value?
Sorry- just random thought going through my head to open the discussion.
@Mr-Random-number Again, this is a gambling platform. You can't win all the time!!!
I think more than ever you need to be ahead of the curve. People are upset players are dropping 6-10p if they don't score. The simple answer is surely to sell pre-match
But players are dropping that even if they don't start! Aouar dropped something like 9p when the teams came out. Brozovic dropped about 8p for posting a rubbish PB score.
Can't seem to get my head around it at the moment. Seems like it is profitable for a lot of people just not me! Add in a few injuries in my port and I had my worst day since about April.
@Neil2265 But if you're trading medium to long term why are you even worried about a 9p drop because he didn't start one game. I hear so many people saying they are long-term trading and then talking about drops on a day or last week. If you're trading long-term then that 9p drop is nothing when you're planning to hold, presumably, until at least next summer for a big transfer.
It's not an easy mindsight but if you're holding Aouar until next summer then the price in between now and then is basically meaningless unless there's a fundamental change in circumstances.
@Neil2265 I agree. It seems clear that there are a lot of short term traders who I also can't comprehend. but again, maybe the solution then is to sell earlier than that? 30 mins before the teams are released?
I am in no way trying to sound clever or argumentative and I'm not saying this is what I do. But there is surely always a way to beat the market?