STOP SELLING ON THE CHEAP



  • All,

    This topic needs its own thread, so here goes.

    The Lemmings who keep lowering their prices to beat the next man are the people who are damaging their own and our portfolios. Yes, those who are so frightened obviously don't realise that their impatience is handing their wealth to the patient and their actions are flying all of our portfolios in to the ground.

    The only cure for this is to raise your prices and be a little less scared and a lot more patient. Buyers will come to you at your new prices instead of you sacrificing your wealth to those with just a bit more sense than you were born with and certainly more than you have now.

    It really is that simple to arrest the decline. Try it and see.



  • It's not us that need to be told, it's the 95% of their customers who aren't glued to twitter and forums...
    The ones that FI ahave completely alienated with this convoluted, over complicated and completely non functioning order book system.

    You can't blame or chastise these people for wanting out.

    It's crap.



  • @Slimjim60 said in STOP SELLING ON THE CHEAP:

    The Lemmings who keep lowering their prices to beat the next man are the people who are damaging their own and our portfolios. Yes, those who are so frightened obviously don't realise that their impatience is handing their wealth to the patient and their actions are flying all of our portfolios in to the ground.

    That is just one side of the story. Traders who bought at higher prices a few months ago are not selling because they are setting their sell prices too high. Is isn't only lemmings who are selling.

    If someone buys player X today for 30p and then sells him an hour later for 40p, he isn't a lemming, he is making a 33% profit.

    The guy who paid 60p last month and is offering 50p is never going to reach the front of the queue because traders who bought recently will keep undercutting, buy back and undercut again.

    The problem is, the price that feels low to you is a healthy profit to anyone who invested within the last two days.

    You'd be better off selling low, taking the hit and buying back in. That way you can start trading at the new prices.



  • Its a game of patience at the moment. Lots of people have been trying to get out for a while and they now have the opportunity to do so. There are investors out there happy to buy them out at super low prices. Once the people have got out that want to get out and people have off-loaded their dead wood, then we should see some equilibrium of buying and selling and we should see true value of players start to appear. It'll take time. Meanwhile, port value doesn't matter unless you're selling up



  • I don't think people are panic selling at the moment. They see very low bids and assume people are accepting them, so try and sell for say £1 and buy back at 80p. That's 'profit' right there and 8/9 games of IPD. Traders are betting on the market staying low so they can do this. If the marker turns quickly, and it might, they sell for £1 and player rockets and they are out of pocket of they re-buy same player. So many bargains though that they hope to jump on someone else. When whole market moves upwards they may get burnt, but selling up and rebuying isn't sign of panic, it's a perfectly good trading strategy: albeit a bit risky.



  • @Frank-Mole-Pepys I agree with this, but would argue that the people trading in this way at the moment are switched on and have knowledge and insight as to how the platform works and are comfortable trading in this way. However, there are a significant population of less confident traders on the platform that are very uncomfortable at the moment and just happy to get out. Time will tell, but I'm thinking things will look better in a few weeks time



  • And still it plummets.


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