I'd rather 200 Neymars 😂😂

Michael Keane has possibly highlighted a massive flaw in the 1p sell offer limit. I dont have the number of futures bought yesterday for my calculations so these are just rough estimates to highlihgt the issue.

Yesterday morning Keane was valued at 44p scoring a goal and a good PB score saw his price increase to 80p.

Lets say 10,000 shares were bought yesterday (I dont know how many)

This morning his IS reduced to 36p and his buy now price reduced to 78p.

Of the 10,000 shares bought yesterday, lets assume 2,500 IS this morning, meaning the other 7500 are going into the sell queue or people are going to hold.

With the 1p restriction and 900 shares to move the price down 1p it's going to take approx. 30,000 shares to bring him down to 47p, which is going to take a lot of listing.

This will still leave him with around 25% spread.

What's likely to happen now is that Keane's IS price will stay in the 30p region and his buy price will stay in the 70p region (58% spread). Nobody is going to buy for 70 odd pence and if they're still holding now they probably aren't going to IS for 30 something pence.

Keane is likely to be stuck with a buy price of 70+ pence with no real way of reducing the massive spread.

Lots of users are going to be looking at their portfolios this morning looking at the green numbers next to Keane thinking it's amazing, they've made 80% CapApp, they've got big green numbers next to his name when in reality he's not worth that and nobody is going to pay that for him.

In 6 months time Keane will probably still have a buy price of 70p and when OBs come in he's going to drop down to around half of that, then all these people posting their profit margins this morning are going to be crying they've lost 50% of their "profit".

It would be far better to show last sale price, I don't know why they haven't done that. They could get rid of the Average offer price and put the last sale price instead. Average offers is most pointless metric on the system and has no relevance.

I watched the Fyre Festival documentary on Netflix last night, starting to see similarities here.

Shambles of a product, no direction, poor decision making and communications, yet there's people on here saying this is a good thing. I can guarantee they've crunched the numbers and the replacement will definitely pay out less than what they're paying now, so it's definitely not a good thing for US.

In the past 6 months, they doubled IPDs, 5x promotion, insisted they were part of the permanent dividend table and here for the season then removed them with 30 days notice.

@Evoke89 said in D Day tomorrow or today 00:00:

@NewUser395079 said in D Day tomorrow or today 00:00:

@Evoke89 Are you for real?

But its pretty selfish to try and damage the product more because you are angry. Thousands of people have money on this site and every angry person is harming thousands of people just to make themselves feel somewhat better.

We all play the same game with the same information and environment, so why is it half the people are chilled out, while the other half are acting like t**ts?

It's pretty harsh calling someone on a tit for posting a TP review and saying they shouldn't post negative reviews as it potentially damages the company. There are a lot of unhappy people here and they're rightly getting criticised for what's happened over the past few months. The whole point of TP is to let potential new users what the site is like, and everyone fully admits it's a shit show at the moment. I wouldn't recommend FI to any of my friends at the moment.

I generally only think of IPD as a nice to have rather than a buying strategy. I tried it a bit last season and didnt enjoy it and came out just about even.

If you're looking at flipping someone every 30 days, I was looking at strikers priced under 60p and and for it to be profitable to need them to score at least twice that month. A lot of the IPD players from last season have gone too expensive for flipping this season IMO

Funny reading these old posts (even though it's only 4 months) Havertz being at £1.06 was too good an opportunity not to sell 😂

Makes me realise that even though my port is down a little now in 3 or 4 months it's going to look completely different

I can't see many new users joining when the market hits rock bottom, as mentioned above, trustpilot, twitter and the forum and full of negativity (rightfully so) and nobody will invest serious money into the platform currently, I know I definitely wouldn't have if I were to join now.

We can look at how prices have fallen and see the potential returns and know there's a possible great opportunity to make money if you were to join now/soon, but a new user isn't going to be so optimistic and I definitely wouldn't recommend it to a friend currently, although I can still see potential, the risk isn't worth it.

When I joined I researched everything I could about the platform and at the time I first deposited, only 2 of the top 200 had dropped in price over the past 12 months (Lacazette and Ronaldo). Everything was rockets and profit and people are more likely to invest in a market which is rising than falling.

12 months ago my friends had no interest in buying Bitcoin at $6k, now they're buying it at $20k. People are irrational and we probably wont get a mass influx of new users until we start to see rockets again, and we wont see rockets until we get a mass influx of new users.

It's a hard thing for FI to police, people could be desperate sell, list him at a low price to get rid, then the price drops too low, he changes his mind and cancels his bid then decides to buy more while the price is cheap.

The issue is FI releasing orderbooks without a deep enough market, with MMs in place there will be levels of bids and offers meaning the price can't tank by 1 or 2 users.

I was experimenting with listing shares on Thursday and it's ridiculous. I could list 78 shares of Berardi and depending on what price I put him at I could change his Buy price from 1.42 to 1.54. There's no way 78 shares should have such an influence on a players price.

@Harford-is-God
Users can't bury their heads in the ground and act like they didn't know this was coming, most people on here call themselves traders for fuck sake and the product calls itself the Football Stockmarket. NASDAQ was announced over a year ago so everyone has had ample time to prepare for order books and what's happening.

I'd never used OBs until 6 months ago but had a play about on crypto exchanges, virtual markets and Footstock to get an understanding. I agree that FI should have put some sort of stuff out there to educate users but they didn't and they probably wont do when NASDAQ comes in. There were enough threads and podcasts out there to educate users.

Can we all stop pretending that FI is a rival for Betfair.

They're not in the same ball park. I highly doubt this is a massive conspiracy to bring down "a rival".

I'm pretty sure if they could see the potential in FI, they'd have joined and used it as an additional revenue stream.

I've got loads of mates who love to gamble but wouldn't touch FI with a barge pole. It's a very niche concept with very little mainstream appeal, and that was when it was almost impossible to lose.

They're not going to be getting any market makers in any time soon so it could be their only option to try and save the platform. I think there's too many issues with the old model running like a ponzi for them to go back to it though.

@Valhalla You said you wanted people to hold onto players (No trading) = No comission

@Valhalla We've got differing opinions on this but I don't think IPDs are hindering growth.

A few months ago IPDs were part of one big, happy dividend family. Changing an open bet now after confirming it was here for the season is bad.

I think FI have probably over extended themselves, around 14 months ago I think a Gold Day star man was about 8p payout and now it's 28p. They've tripled the PB but the market is at a similar level to where it was then.

I can't see any logical reason for removing IPDs in the middle of the season without an alternative in place, apart from financial issues and over-extending themselves.

If they announced this on the last day of the season with a replacement in place, there wouldn't be anywhere near as much of a problem. But a lot of people have bought IPD players specifically for the next month.

@Valhalla IPDs have been around a lot longer than 18 months. Shall we just scrap PB aswell then because the index did well when it ran off just MB?

@Valhalla Where do FI get money from if they're not minting new shares and nobody is trading?

They'll could reduce PB payouts in 6 months because the prices are so low compared to when they increased them and people will still defend them saying it's for the greater good.

I watched the Fyre Festival documentary on Netflix last night, starting to see similarities here.

Shambles of a product, no direction, poor decision making and communications, yet there's people on here saying this is a good thing. I can guarantee they've crunched the numbers and the replacement will definitely pay out less than what they're paying now, so it's definitely not a good thing for US.

In the past 6 months, they doubled IPDs, 5x promotion, insisted they were part of the permanent dividend table and here for the season then removed them with 30 days notice.

I've been doing this a lot over the past few weeks and timing is everything. There's no specific time to buy really, just have to look at players individually who are undervalued. There are quite a few players who regularly go up and down and you can capitalize if you have the cash ready to go. I'd be inclined to wait another week or so and the market should reach another "bottom" before having another mini boom.

I normally aim to make 8-10% after commission which can be a bit difficult to time right and one of the key things I've found is not to get too greedy. have your exit price and be prepared to stick to it or lower it. If you try and increase it you could miss your exit opportunity. It's a good way to make small consistent gains but the risk is huge when you get it wrong in the current market. A successful trade normally gets me between 8-14% commission, a bad trade can be up to 50% loss.

I only have one player in my port and am using this strategy short term trading. My last trade I got the timing wrong so I can sell up at 30% loss currently or hold a bit longer and hope he spikes.

Another key mistake I made initially was maybe trying to be a bit too clever, nobody is likely to buy Caputo off you unless he gets a hat trick so try and stick to the more well known players who people are more inclined to buy. A year ago you could pretty much buy any old crap but now you have to make better decisions.

@Hint I was on when they used to pay out earlier and can say that system was far better than what it is now. I think it's happened 4 times this week when the winner has changed during the night. I don't hold any of the players who've lost out but seeing people celebrating PB wins to then be told a few hours later the scores have been adjusted is a kick in the teeth and creates much more bad sentiment.

No system will please everyone and I can see the argument for the correct winner being paid out but it takes so much out of the game play experience when scores are constantly getting adjusted during the night. I think Sportstack and Footstock payout within an hour of the match finishing and seems a much better system.