Trading on Football Index: A Thread. Having watched the trading behaviour of some over the past few weeks, I thought it may be helpful to share some thoughts. #FootballIndex

Before I do, I want to be clear. There are many ways to skin a cat. The below is not intended as a guide. Everyone must find their own style. But, if a few hints and tips are found even semi-useful by some, it's worth doing.

My own trading background is in shares (or equities). I have invested successfully in equities for over twenty years. I still work sometimes, but that's just for fun.

I should stress that FI is not the same as the equities market. It is a gambling platform. However, there are some basic principles of investing that can be successfully transferred.

As a primarily long-term investor, the principles below are naturally suited to that style. However, whether you trade short-term or long-term, there are some basics that it never hurts to be reminded of.

1. Find a trading style that suits you. This may be active, passive, short or long. The key is to be comfortable with the time you spend trading. Trading should be fun. And for it to be fun, you have to be comfortable with how it fits with your existing lifestyle.

2. Only bet what you can afford to lose. This not only keeps it fun. It gives you the room to ensure the trading decisions you make are made for trading reasons. Needing money quickly leads to poor decisions, losses and missed profits.

3. Buy quality. In my twenty years plus of investing, this has been my guiding principle. It sounds simple, but focus on buying assets others will want to buy. Moreover, if you can identify quality earlier than others and successfully assess potential, you are golden.

4. Trust your own judgement. Once you have done your research and identified quality, give your pick time. You have bought for a reason. Believe in it.

5. Be patient. Markets take time to increase in value and so do your picks. Think over longer time periods than a day, a week and a month. Don't over trade - it costs money. Once you have identified quality, relax and enjoy watching its development.

6. See dips as opportunities. Dips can seem scary, but teach yourself to be excited by them. Many people make losses by selling in dips, and missing the rises that invariably follow. A dip is your chance to increase your stake in the quality you own, at a discount.

7. Be brave. Don't be afraid to go against the grain. Choose who you listen to carefully and don't allow yourself to be easily swayed by noise, panic and nonsense. Stick to your guns.

8. Enjoy your successes. Give yourself time to celebrate trades that have gone well. Remember, trading should be fun, and celebrating should be a large part of that.

I hope the above may help just a few. I'm always happy to help and my DMs are always open. Happy (and fun) trading everyone!