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No It doesn't
Index edge is just a tool it's not some magic profit machine.
It's up to you to use it right and get the best out of it in which ever way suits your strategy
Being successful on the index is all about strategy and risk
Been thinking about the decreased confidence in the football index market a lot lately and thought i would share my way of dealing with it.
When most of us join football index If we were smart we put in a small amount of money and trade small
The Majority of us had know idea what really made the prices move, let alone how to make a profit on a consistent basis, so we started trading small making our mistakes with very little risk so it did not matter as much if we lost money while learning
Once we started making progress we started gaining confidence and with that confidence we deposit more money and start trading with higher risk, we carry on making money start to love the platform deposit a lot of money and trade at our peak risk %
Now here is why the issues start to come when there is volatile market behaviour. Because we have been used to making a lot of money with a certain strategy at a certain risk % when our confidence was sky high, our mindset becomes fixed.
In a volatile market when there is a confidence drop What we should consider doing is going back to the basics that we used when we first joined. its the same scenario, we are not sure about the price moves and we are not sure about making profit
We need to learn again why the price is moving, we need to learn again how to make profit. so why not trade small and lower our risk so while learning again we are not losing as much money so it does not hurt as much! just like when we started
So when you buy another player and your confidence is low or the market is volatile why not open the trade with a reduced amount of risk until you have gained your confidence back
If u have a high % of risk in long term holds but like i was are haemorrhaging £100 a day why not scale down? commission you say? Spread you say? well If i would have acted 1 week ago and paid the commission and spread rather than waiting i would be better off! I no i am not the only one in this position
Yes football index as a platform need to make improvements. But where our money is concerned its out responsibility and we need to change our behaviour to suit the football index market not the other way round.
Going back to basics, de-risking, learning the market is working for me, im gaining confidence again and even making a bit of money doing it. Best of luck traders
@Ozzlebert Its better to think of it as % which is more of a true measure
20p on 10 £10 players and 2p on a 100 £1 players is 2% the same.
So of you sell a £10 player for £11 and a £1 player for £1.10 you still made a 10% ROI either way.
I do understand your point and flipping high priced players is something we should only do if we are confident in a decent rise. Ronaldo and Salah both seen 60p plus rises in the matter of 24-48 hours in the last week so its possible
Guys we are all looking at this in the wrong way. In the last 10 days Zlatan price has gone down to 40p and right back up to 83p. Many traders have got in at the bottom and made a very high ROI. We need to remember what is moving the market so much lately which is the world cup. Zlatan has been dropping hints which has fuelled rumours he might return to the swedish team for the world cup, also take into account the new traders from the uk and sweden who might not understand how the market moves, plus he has started with a bang for LA Galaxy. There is plenty of rationale for buying him at such a low price originally and plenty of traders have made money on him and traded intelligently. (disclaimer i didnt buy and dont own but imo i missed a great opportunity)
I done a video last weekend about this and how instead of asking why he is rising we should look instead at how we can take advantage of the opportunity.
Video titled high risk trading curious case of zlatan.
heres the link if anyone is interested. https://www.facebook.com/groups/footballindextradingjournal/videos/
I would sell now and see if you can put the money to better use elsewhere. You seem to have answered your own question when you said they are unlikely to rise so why hold? a couple of losses is not then end of the world you wil earn that money back in no time on the index
Good read this. Really like this concept i would happily put myself forward to do a Q&A like this
Why are you guys such leg3nds?