I used to be vehemently against Instant Selling and would never sell a player who was in the red. Then January came around and the drop in PB holds hit me hard. My port wasn't just dropping, it had jumped out of the plane without a parachute. All of the profit that I had been accumulating since the dividend review had vanished in the space of about 3 weeks. For a while I sat paralysed in disbelief, knowing that I only had myself to blame. I wanted to do something to fix it but I decided at the beginning of the year that I would not be putting any new money into the platform; I already have a good chunk invested and would not be comfortable putting more money in, especially not while I'm watching my current profits disappear before my eyes.
I took a good long look at my portfolio and realized that I had something like 90% of my money tied up in players that had dropped since I had purchased them, but I had held onto because the advice you get from people on the forum is always "this is a 3 year bet, they will come good eventually, you just have to be patient."
At this point I asked myself, is this really a 3 year bet? Do I really want to sit here and wait for these players to eventually come back around in 3 months, 6 months, 2 years? Who knows how long it will be before Griezmann steps out of Messi's shadow, or gets a chance to rack up a PB score for France? Do I want to wait until the Euros for that possibility?
No. It's not a 3 year bet for me, I want to play the game. I'm here every day, researching, reading, figuring out who knows their stuff and who is a bullshit merchant, watching matches, reading news, learning more and more about how the market behaves. I want the bankroll available to play with right now more than I want to break even in a year's time.
I instant sold all my PB holds and I admitted to myself: I had lost those bets. If I had been wiser and known when to get out I could have avoided this, but that time had passed and at this point I was just living out the sunk cost fallacy. I took the hit, paid the commission and put my faith back into myself instead of in the holds that were burdening me. I reinvested the money and tried again.
Since making this decision my portofolio has not just recovered from the hit, it is doing better than I've ever done before (at a time when I notice quite a few people are struggling or stagnant). If I had not instant sold and just tried to market sell my bad holds, they would have continued to drop and sat in the queue for 3-4 weeks. They may still be in the queue right now. I would have missed out on some huge opportunities to invest that I had researched well and had full confidence in.
So to sum up, my view on instant selling has changed. I think that it is a very useful tool when you are doing poorly. When your port is in freefall then just sitting and doing nothing is not going to help you, it's going to stress you out and make you lose faith in this platform. The truth is there is always money to be made here, and if you know what you are doing then you can usually identify it. So if you have genuine confidence in your ability, if you are willing to admit that you have made bad decisions in the past, if you see an opportunity that you are not willing to let pass you by, by all means instant sell and get back in the game. Get back on those picks that you are staring at and thinking "If only I had that £2000 stuck in Tony Kroos". Pick yourself up and start again. Take the power back.