The footie down 400.



  • As the title says.
    This is interesting, I can’t ever recall a single day drop like this other than when bonus periods have just finished. Are people really banking on yet another deposit bonus with four candles on it?



  • FI will sink like the titanic if they are so predictable with their deposit bonuses. They need to increase dividends- and fast. The market has become stale. Profits are mainly found with the £1 to £2 players. Money is simply not being held on the platform due to the ‘flipping’ fad we are seeing. If this doesn’t change in the next few months, I believe many will leave. I said it before and I will say it again, I now have £18k in the bank and just over £600 in my FI account ready to spend and I won’t until I see a noticeable change from FI.



  • It's a drop of about 0.003% unless my bleary eyed morning calculations are off. A drop of 400 is barely anything.



  • @Alpilgrim said in The footie down 400.:

    It's a drop of about 0.003% unless my bleary eyed morning calculations are off. A drop of 400 is barely anything.

    0.33%. It's (400/119776) * 100 to get it as a percentage.



  • Everyone says with players to buy in the dip so now would be a good time to stock up. I am skint until payday though and will then be in colorado for 2 weeks so won't be able to take advantage.

    Anyone think the after effects of school holiday period is having an effect on investment? Less disposable money after going abroad?



  • I always believed the first number in the footie, currently 119,776 was the number of traders. I am also 99.9% sure that this figure also broke the 100,000 mark the same day that FI celebrated their 100,000 trader with a cash drop.

    I believe the second figure, currently -407.09, is a magical figure that represents either money coming into, or out of, the top 200, maybe the top 100 or maybe the entire index.

    Or I could be completely wrong...



  • @Martyn-B you're wrong, the footie is the total amount of points in the top 200 players and the second figure is the change I the footie from 24 hours previously



  • @Martyn-B said in The footie down 400.:

    I always believed the first number in the footie, currently 119,776 was the number of traders. I am also 99.9% sure that this figure also broke the 100,000 mark the same day that FI celebrated their 100,000 trader with a cash drop.

    I believe the second figure, currently -407.09, is a magical figure that represents either money coming into, or out of, the top 200, maybe the top 100 or maybe the entire index.

    Or I could be completely wrong...

    The FOOTIE is a representation of the money in the index - when it started, the value was 1000. So bascially there is now 120x as much money in the index as there was on day 1. The second number is how much up/down it has gone.

    That's what I understand anyway from various sources.



  • @Ddr

    Probably, seems on here that your answer is the agreed general consensus. That doesn't alter my memory of the 100,000 trader cash drop or the fact that I can't actually find the footie description in the FI info.



  • @Martyn-B I do remember reading his somewhere in the academy pages



  • @kristiang85

    Thanks, that makes sense.



  • Isn't it the combined value of 1 future in the top 200 players?

    EDIT

    In pence.



  • @NewUser339197 said in The footie down 400.:

    Isn't it the combined value of 1 future in the top 200 players?

    EDIT

    In pence.

    I would say no, otherwise the graph of the top 200 and the footie would have been the same (indexgain used to have it, but they only do top 100 now).



  • Ok, gone back through the academy pages again and I am wrong:

    Footie:
    A daily measurement of the performance of the whole Football Index market.

    The FOOTIE is a Sentiment Index that acts as a barometer of momentum within the Market; essentially, how well FI is performing. Much like the FTSE 100 which was launched on 3 January 1984 and had a start value of 1,000.0, the ‘Footie’ launched in October 2015 with a base value of 1,000 points.



  • @NewUser339197 No, and any references to it being based on top 200 are out of date. Its basically a representative figure of the total money in the index but there will be some multiplier/divider only known to FI to give the FOOTIE figure.



  • Interestingly, looking at the historical footie, from September 1st to 19th 2018 the footie went up 2293.73 points, or a rise of 6.9%. Then it went up massively on the 21st - 3500 points in one day!

    This year, from 1st to 19th September we've had a rise of 821.47 points, or 0.7%.

    Ths % rise isn't as relevant as obviously the index is a lot bigger now (but it seems growth isn't exponential), but the lack of points growth in the same period of the season is quite worrying.

    Hopefully it is people just stockpiling for an announcement after the 2018 experience.



  • @kristiang85 I think there's a lot of money sitting in cash balances which, I believe, wouldn't count towards the FOOTIE as it's only based on what's actually in the market. With more short-term trading I reckon those traders keep a lot in their balance ready to jump on the right opportunities.



  • @kristiang85 said in The footie down 400.:

    Interestingly, looking at the historical footie, from September 1st to 19th 2018 the footie went up 2293.73 points, or a rise of 6.9%. Then it went up massively on the 21st - 3500 points in one day!

    This year, from 1st to 19th September we've had a rise of 821.47 points, or 0.7%.

    Ths % rise isn't as relevant as obviously the index is a lot bigger now (but it seems growth isn't exponential), but the lack of points growth in the same period of the season is quite worrying.

    Hopefully it is people just stockpiling for an announcement after the 2018 experience.

    The huge rise last September was due to a deposit bonus.



  • @Allams-Out said in The footie down 400.:

    @kristiang85 said in The footie down 400.:

    Interestingly, looking at the historical footie, from September 1st to 19th 2018 the footie went up 2293.73 points, or a rise of 6.9%. Then it went up massively on the 21st - 3500 points in one day!

    This year, from 1st to 19th September we've had a rise of 821.47 points, or 0.7%.

    Ths % rise isn't as relevant as obviously the index is a lot bigger now (but it seems growth isn't exponential), but the lack of points growth in the same period of the season is quite worrying.

    Hopefully it is people just stockpiling for an announcement after the 2018 experience.

    The huge rise last September was due to a deposit bonus.

    Yes- hence why I mentioned that day separately.

    Edit: Ah yes I wasn't clear .



  • @kristiang85 said in The footie down 400.:

    @Allams-Out said in The footie down 400.:

    @kristiang85 said in The footie down 400.:

    Interestingly, looking at the historical footie, from September 1st to 19th 2018 the footie went up 2293.73 points, or a rise of 6.9%. Then it went up massively on the 21st - 3500 points in one day!

    This year, from 1st to 19th September we've had a rise of 821.47 points, or 0.7%.

    Ths % rise isn't as relevant as obviously the index is a lot bigger now (but it seems growth isn't exponential), but the lack of points growth in the same period of the season is quite worrying.

    Hopefully it is people just stockpiling for an announcement after the 2018 experience.

    The huge rise last September was due to a deposit bonus.

    Yes- hence why I mentioned that day separately.

    Edit: Ah yes I wasn't clear .

    No worries.

    I joined beginning of October last year, just after the deposit bonus. From what I remember the market was pretty flat at best.

    Then they botched the introduction of G&A dividends, so by way of an apology, they had another deposit bonus end of October.

    Market went a bit flat again until they announced the share split in January and we had good growth for a while. Then the split happened in March, another good bit of growth.

    Then yet another deposit bonus, good growth yadda yadda yadda.

    Think the market has been too used to big announcements. Best thing FI can do right now is say there will be no birthday deposit bonus and let the market settle to do its own thing.


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