The footie down 400.



  • @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 β€˜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  • @NewUser339197 No, and any references to it being based on top 200 are out of date.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.



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

    @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.

    Yeah I joined on 1st December (I think), and the talk was that it was the end of a very flat period. Though the worry was that when I joined, the Forum was pretty dead (about 5 active topics a day it seemed), whereas now everything is clearly booming - so why the flatness? I think the reasons will become clear and things will improve, but it is spooking many, which doesn't help the situation.



  • @Allams-Out no birthday deposit bonus. Probably, they will do a Spooky Halloween bonus at the end of Oct instead 😁



  • @Victory said in The footie down 400.:

    @Allams-Out no birthday deposit bonus. Probably, they will do a Spooky Halloween bonus at the end of Oct instead 😁

    Don't be silly!! Bonfire night πŸš€πŸ’₯πŸš€πŸ’₯πŸš€πŸ’₯πŸš€πŸ’₯πŸš€πŸ’₯



  • @Martyn-B well, it all depends on how things will go next month. Footie is down 400pts on Friday, which is very strange. Do we have a new term "Friday sell-off"? If so every day can be a sell-off day.

    Maybe a Spooky Halloween is coming.



  • @Victory said in The footie down 400.:

    @Martyn-B well, it all depends on how things will go next month. Footie is down 400pts on Friday, which is very strange. Do we have a new term "Friday sell-off"? If so every day can be a sell-off day.

    Maybe a Spooky Halloween is coming.

    Indeed, strange times. With the market as it is currently they might have to do a birthday, Halloween, Bonfire night, Christmas and New Year Bonus!!

    Seriously though, I believe a majority of the -400 is due to cash being hoarded for a birthday announcement.



  • @Martyn-B Are you sure that there will be a birthday announcement?



  • @Victory said in The footie down 400.:

    @Martyn-B Are you sure that there will be a birthday announcement?

    A tweet saying "Happy birthday to us!" next to a selfie of Adam Cole in Barbados with a mojito.



  • @Victory

    I think there will be a cash drop, like others recently. Hoping for a MB or PB announcement but unlikely. Doesn't really matter what I think, matters what the market believes, and I believe that the market is waiting, and cash hoarding, for an announcement.


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