In this weeks trader profile we spoke to @FIVeteran on how he gets the most out of trading on the Football Index platform. @FIVeteran is currently trading with a return of 290%, which has come through mainly capital appreciation and some dividends. Since joining he has now changed his trading strategy to suit what is an ever changing platform. He explained to us that you should confine yourself to just using one trading strategy, with variation and diversification key to a successful portfolio.

In this weeks trader profile we spoke to @FIVeteran on how he gets the most out of trading on the Football Index platform. @FIVeteran is currently trading with a return of 290%, which has come through mainly capital appreciation and some dividends. Since joining he has now changed his trading strategy to suit what is an ever changing platform. He explained to us that you should confine yourself to just using one trading strategy, with variation and diversification key to a successful portfolio.

How much money did you initially invest in Football Index?

I first joined Football Index back in February 2016 when my friend at university recommended it to me. I only deposited £10 and started with that along with my free referral £10. I was sceptical as I hadn’t heard much about the platform so I just wanted to dip my toes in the water. Back then there weren’t many people on Football Index so not much happened, I ended up getting bored and didn’t check my account.

I left my portfolio of £10 in and came back 3-4 months later to see that my investment had doubled. I also had won a small amount of dividends too! Obviously seeing a 100% return of investment (even though it was only £10) surprised me and sparked my interest. Since then I have gradually put larger amounts in as I built trust with the platform. A combination of larger deposits and portfolio growth means that I now have a 5 figure portfolio.

What is your current Return Of Investment (ROI)?

I set a spreadsheet up to track my returns. I highly recommend doing this as I find that the Football Index numbers aren’t always accurate. My personal ROI is 290%, which is growing now more than ever. One reason for this continuous growth is my investment strategy using compound interest. This basically means re-investing the dividends you win back into your portfolio – earning more money on money you’ve already earnt.

How have you made your profit from the index (Capital Appreciation vs Dividends)?

I think it’s important to not choose one trading strategy over any other. I have a hugely diverse portfolio with some players I have bought for media buzz, some players for performance scores and now short term holds for in-play dividends. 

To add to them I also have some players that I am holding for capital appreciation. I tend to target players that I think have great potential, even better if they are starting for their respective clubs and have room for big capital appreciation price rises. 

The reason I hold a diverse portfolio is that I have quite a busy lifestyle, so I can’t always be on the ball to sell players if something happens (e.g. ACL injuries or transfers etc). Making sure your money is spread across several players means that one big player drop doesn’t ruin your whole portfolio.

Biggest Winner (Player), What happened?

My biggest winner has to be Jadon Sancho. I remember watching Dortmund live and he had a really good game, he got into the right areas, beat players he basically did everything that game but score and at the time he was really under the radar! I remember googling him and saw he were English at Dortmund and that were the selling point for me! Sometimes it’s just about spotting a player at the right time, I would never have thought at that point that he would be competing for the number one place so soon or even at all.

Biggest Loser (Player), What Happened?

Anthony Martial. I bought Martial as he ticked all the boxes. He plays at Manchester United, got bags of ability and has a big personality! When I bought him he was getting around 45-60 minutes a game and I really thought he’d get a breakthrough and be the big name at United.

However, that day never came. I am a very patient holder and I don’t believe in selling players after a small dip, but with Martial by patience ran out. He also looked disinterested at United and that he’d get a move elsewhere. Funnily enough, he’s actually started this season alright and looks a big part of Ole’s plans, but for me, I don’t think I can go back there!

Do you have a trading strategy on Football Index?

I’m very statistical. My quote is to buy with my “formula and not feelings”. I think it’s easy to hold emotions to certain players and that can be dangerous!  When looking for a hold I first start to look at the basic data (goals, assists, passes etc.). If I am impressed I’ll then see if that fits in with their PB scores, as there are good players in real life who’s style doesn’t quite fit the scoring matrix which leads to poor Football Index performance scores. 

Also, one of my golden rules is that I don’t buy players older than 28. I’m not saying to other traders to follow suit, but I see a common theme of players dropping as they get older and towards the end of their career. Plus I don’t want to run the risk of any of the players I hold retiring! That said, there’s still lots of value to be made on the whole Football Index market, but for me, I need a disciplined approach to my trading and that’s one of my rules!

What is your advice to new traders on the Football Index?

  1. Start small with your deposits.
  2. Don’t buy off the trending list!
  3. Read the rules & this Football Index Guide.
  4. Only buy holds off your own personal research.
  5. Listen to the FI podcasts (FIG & Irish).
  6. Don’t put too much money in that you can’t relax.
  7. Make small goals and targets to achieve. I’ve recently paid for a new kitchen, bathroom and full house deposit with FI while still having a huge chunk in my portfolio! Enjoy the profits.
  8. Follow me on Twitter: @FIVeteran
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