So its been an interesting month so far as a new user (since July) I can say that i honestly don't know what to make of it. A dip/drop like this, the like of which i have not seen before in my short time here on the platform, i am not going to lie it is been very disconcerting. Its been hard watching the profit i had built up over the last two months dwindle away for no apparent reason (8.5% at its peak down to 2.54% currently). When things started to slide i began to track my portfolio performance on a graph against my deposits and to be fair by doing this i actually alleviated a few fears as yes there were a few dips here and there but there was always a mini recovery, this week its not looking so good. For those that are interested my graph of my port performance is below,
Its all very well saying that peoples all time profits are still high and that this is just a cycle or just a correction and yes i am well aware that this is a gambling platform and that no one has a god given right just to make free cash out of this. However myself and people who joined around the same time as me just have not had the time to build up up some mad ROI % and have not benefited from the numerous deposit bonuses that have been done over the last year nor did we benefit from the share split either. So this drop does feel like a bit of a kick in the teeth so to speak (rightly or wrongly) Having said that I want to be here for the long haul and i am not looking to pull out my money especially now as there there is no point in doing so as i would lose most of what profit i have to FI's Commission so i guess i will have to stick it out.
What i would like to know is, those of you out there that feel that this is nothing more then just another FI cycle, how confident are you in this assumption can you put a % on it ? how long are we expecting this current cycle to last before it changes?
More importantly is this actually a good opportunity for those of us that trade in the top 200 market. After all people are always saying that you should always try and buy the dip on individual players, well the players are dipping everywhere, maybe the right move is to invest more capital increase player holdings while they are cheap and when the market in the top 200 recovers (which it must do at some point whether this is by just the changing o f the current cycle or by some sort of div increase or whatever) then when you come out the other side (provided that you have a port filled with good players and div earners) then you should be in a better position after the dip then you were before?
Like i say i really don't know what the right call is, would appreciate any insight from those who have been around the block a few times and have seen this happen before. Like does this happen (money draining out of the top 200 players) on a regular/periodic basis like every few months or so or whatever and its something that if you trade in the top end of the market you just have to deal with?
Today was the day that i had marked in the calendar to increase my holdings in both Sterling and Sancho by another 10 futures in each in order to renew their IPD potential over the next 30 days, while the fixtures for City and Dortmond are good.
Now i am not so sure if i should bother, I guess i got to 2pm to decide.