i'm playing primarily against FI rather than against other traders.
We're all playing against each other on every player on the index. On every player there are people are getting in and out all the time - that's why we are trading. What's going to happen to all the PB players over the winter break or at the end of the season? There will be dips as people look to get out before others which is no different to getting out on a youth player before a potential dip.
There are peaks and troughs on all players and there are losers who bought at peak on every player. I get that dividends make us feel a little better about things but in reality we are always in a position when selling where some will sell high and some will get caught out on a dip.