It’s very rare I post about trading strategy or who I’ve been buying etc.

Thought I’d give a quick update of what I’ve been up to since the ME was introduced, mainly because I’ve made mistakes and it’s important to highlight that they are possible on FI 😱

#footballindex
My strategy for the first month or so when ME was brought in was really poor and a big mistake. Mistakes on FI are inevitable and it’s not the first I’ve made.

The positives are that you learn from them, and also on occasion you make decent money despite it being a mistake
My initial plan for ME was to top up on players that I really value at a mega discount. It became clear pretty quick that wasn’t going to happen, I was hoping for big discounts and spreads were instantly tight on the players I wanted.. So I got greedy 😬
I began picking up players in the lower end for around 45-60% of their market price. I only bought players I knew would have market demand at some point in the future, and I also knew that it may take months until that was the case. So on the face of it, I’ve made decent profit..
However, I didn’t really acknowledge that having money tied up in these players would prevent me from making more money elsewhere. Once I realised I was making a mistake, I only had enough funds to either top up on players I value or catch any trends that arise (not both)
I chose to top up on valued holds through the engine. This has meant that I’ve had to sit and watch the rockets on Foden etc, so despite making a bit of profit on my lower end strategy, it could have been so much more 🙃
Anyway, mistakes happen! I’m happy with the purchases I’ve made more recently and my top two holds have now changed, with Kulu pushed into third 🤭

Top 2 are now Adil Aouc.. (Joking)
Sancho and Mbappe

Live and learn, set up for tomorrow 🚀
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