Fellow traders new and old, I hope this message finds you in sound mind and body.
Today has been traumatic for many on the Index.
The uncertainty caused by the Coronavirus pandemic is touching our everyday lives more than we know. As a result, the effects are evidently being felt by those of us fortunate enough to have significant money invested in the Football Index.
For those that wish to jump ship, fair play to you, I hold no grudge, we all have a decision to make.
If however, you decide that you don't have the stomach for this particular fight, then it is only fair that the Football Index protects both the company and its remaining traders by increasing spreads to extortionate levels. In simple terms, If you want to leave, it will cost you, and rightly so.
Those departing will provide the funds (via spread/commission) to enable the Football Index to incentivise those of us remaining to stick around and invest further.
I am almost certain that if you decide to see this event through to it's natural conclusion in a few months time, you will be amply compensated by the Index for your loyalty and courage.
This is a massive opportunity for those of you willing and able to take the risk and buy the dip.
Do not expect to make money in the short term.
Accept this situation for what it is. Don't sugarcoat it, but also don't bury your head in the sand.
When we panic, we make irrational, illogical decisions.
I have been here nearly 3 years now and I have never once tried to pull the wool over your eyes, fool or misguide you.
Trust in my advice. Trust in the platform and trust in the forum.
Continue to discuss your fears, worries and concerns.
Sometimes all it needs is a rational external voice to reassure you that the world is not ending, to calm you down and settle the nerves. Let me be that voice.
All the best for the future, whatever you decide to do.
Onwards and ... (eventually) upwards!
Head of Panic Reduction at Football Index