“…I am not expecting the same level of results on my next update.”
Welcome to the first update of my ‘Can I make a living from Football Index?’ series.
I just want to say straight off the bat, the positive reaction and messages I received on my Twitter feed and IndexGain for the intro article of the series were amazing. I did not expect it and thanks for all the very kind words, glad you enjoyed it!
I also want to clarify (if that’s the correct and proper word to use) that the title of the series was the question I first asked when I looked into joining the Index. I am not suggesting that I quit all other forms of employment to suddenly become a full-time FI trader.
My working situation is and was slightly unique in that I had different contract type roles in and around football and was always looking out for more opportunities to add to this. The index intrigued me as a possible addition to my income and gave it a go.
So, with that being said I am not going to go out and say other people should jack in the day job and make your living trading footballers. That isn’t what this blog series is about.
Its purpose is to show what can be achieved with a modest budget in FI terms & whether or not it can be a nice little earner. Or better still, a quality earner!
Now, if someone out there takes this series or anything else they see and says to themselves, “f*ck it, I’m in” and goes full-time trader mode, then that’s their choice. I neither promote it nor disapprove it. Totally up to you.
Please don’t send your wife, husband or oversized child round to give me a slap if you missed a mortgage payment or cancelled the trip to Disneyland if you have a poor month or two.
However, If you end up having an amazing time of it, then I am open to commission or gifts, obviously.
So to be clear. In my opinion, you CAN make a living from Football Index.
We all define what that actually is different, but I would say for your average working-class person living in an affordable place in the country, it’s achievable. Let’s say they are single also with no responsibilities. Bloody kids. Expensive things.
If you already have access to shit loads of money to plough into this platform than chances are you could live off what you get back alone. We regularly see the tweets or screenshots of those making thousands from just dividends alone on a monthly basis, so these folk are loving FI life & very comfortable. Rich bags. : D
But that’s easy (kind of), what I will (hopefully) show you is what can be achieved with a modest amount of money in the index at any given time. It can be hard work but I am willing to do it. In fact, I love it and I am happy to sit for hours on a matchday to try and maximise returns.
I will also show you how I did it (minus the finer details). I will also tell you about the missed opportunities that would have made profits even higher. Trust me, it happens and I kick myself quite often.
Now, there are many, many other people on the index that will make more hard cash than me. Fact. However, I will show you my percentage returns across a period of time and you can multiply that to whatever budget you have. This is a key point to make.
I speak in this series on behalf of a moderate-sized budget at this moment in time of under £10k. Some would say under £10k is actually ‘small’, but you can make your own definitions. Several grand is still a decent sum of money in anyone’s book.
I started life on the index with £50, a minuscule amount. I added a few hundred, small amount. I never went over investing around £2.5k of my own money into the platform. This was more than enough for me and I will never deposit any more.
So going forward, if you take inspiration from this series (some have said as much to me already!) and you have more available cash, go for it. If you have less than me, it doesn’t matter. What percentage are you getting back and over what time period? That’s the question.
Ok, that’s my disclaimers out the way so let’s crack on. 😀
“I felt the new scoring matrix would inject this type of performance with steroids”
A quick reminder of where I started this series.
After a bit of an upheaval in my life and trying to sort that out, resulting in a poor opening weekend which I should have just left well alone, I sold a few players I had in my port on the 11th August, keeping one or two and started fresh.
I said to myself to stop chasing things if I wasn’t in a strong position to take advantage of them properly and efficiently and vowed to “trade smarter”. So what did I do?
Well, I had around £6,700 in the index and I invested in 11-12 players that looked to have good fixtures at the start of the season and/or looked to be in decent enough form leading up to the brand new season.
The first player I bought was Sven Bender. I noticed in Leverkusen’s opening German cup game just before the league campaign kicked off, he started in the centre of a back three and had stats that were off the scale.
He passed the ball around 150 times, grabbed an assist, managed a few interceptions, aerial duels and attempted a very healthy amount of long balls.
I felt the new scoring matrix would inject this type of performance with steroids and he seemed to totally outperform his teammate Jonathan Tah (£1.55), who is and rightfully so a bit of an Index darling with his PB scores last season. He is also three times as expensive.
In case you’re not aware, Tah endlessly passed the ball over and over again into people’s ports, racking up the PB scores with Leverkusen’s new manager’s obsession with possession and playing out from the back.
The big centre back also made yours truly some decent money after buying him low and selling high. Buy low, sell high? That might catch on…
But, with Bender, had I stumbled onto a possible PB monster for just 46p? Leverkusen started the season against a newly promoted side as well, so I went for it and invested £500 into him, which was about 1087 shares. (the below includes a few extra shares I bought at a later date)
As I am writing this up he is sitting at 69p after a few others saw what I saw and has started the season well, outscoring Tah (PB wise) in both opening fixtures. Will that PB win come? Possibly. He has a chance with the perfect storm of dominance and a clean sheet.
Some of you who read the Intro article may be thinking ‘I thought you don’t chase PB or divs?’
Well, I don’t in general but if Mr Bender puts in big PB scores he will continue to get attention. If he wins, then it’s rocket time. It’s the Capital Appreciation I really want, not the divs. They’re a bonus if they come.
After Bender, I looked into the fixtures and bought players who I believe have good sentiment from last season and a chance of performing in games up until the next month. Or in other words, the next 30-day In-Play Dividend schedule (IPD purchases last for 30 days).
Come Monday night, I had around 11 players in my “port” with some money left in my account and was ready to go.
Who did I get on?
“……. (Big mistake!!!)”
A couple of players I had bought that weekend were Lucas Lima who I grabbed after he started in the front three for Nantes, even though he is a defender. Very cheap with a 1p spread. Lovely.
Plus my old mate Jose Fonte who had got an assist in this game versus Nantes who I bought and kept. He is so cheap and can hit a solid PB score on his day so I decided to keep him.
After looking into Sven Bender, I knew Leverkusen had a half-decent start so got one of my favourite players Kevin Volland who leads their line very well. I also grabbed Bender’s even cheaper defensive partner Dragovic.
The German league (my favourite league for FI) was just kicking off and Leipzig had a decent looking start against a newly promoted team also, so bought into right wing-back Klostermann. He is capable of getting forward and grabbing a goal or assist.
I would have bought Halstenberg who takes set-pieces and also good for an IPD at left wing-back but he had an injury in pre-season so stayed off of him. In hindsight, I could have gone a bit further with some Leipzig choices.
Sticking with the German theme, Freiburg had a very favourable set of fixtures over the first three games with Mainz at home, followed by two newly promoted teams. Lovely. So, I invested in striker Waldschmidt who had just had a stonking u21 tournament in the summer and his strike partner, the very cheap and good for an IPDs, Nils Petersen.
Next, my attention was drawn to Wolfsburg who opened the season with a similar schedule, as they too had both promoted teams in the first three. So, there was only one thing on my mind and that was to get into one of my favourite players from last season Wout Weghorst.
At this stage of my purchases, I came to realise the Euro qualifiers were in the 30 day IPD period and now count for performance so went back to Leipzig and got striker Poulsen, as he had some easy fixtures for Denmark included in his domestic schedule. Though he had already had a rise at this point.
I took a step away from the Bundesliga and went a bit French with Bertrand Traore who put in a decent PB score in his first game for an upcoming single game day and did the same with Jeff Reine-Adelaide. With Lyon’s Tousart also getting some love from me after outscoring his more expensive midfield teammates.
Before stepping away from Bundesliga completely, I noticed Dortmund also had some decent fixtures but I had spent a decent amount of money so grabbed just the one share of the following player just to keep track and a reminder to maybe buy later…
Purchased – Axel Witsel – 1 – £0.70 ……… (Big mistake!!!)
To finish off, I grabbed some Jamie Vardy to test whether he would get the same type of weekly build-up to an upcoming fixture like he did last season.
In case you are not aware, Vardy went through this rollercoaster life on the index last season of massive sell-offs after, or even during games, then he would be bought up again gradually for the following week. So, I gave him a go.
Meet the squad.
So who we got? My “squad” as of Monday 12th August looked like the following which was based on upcoming fixtures, those that had shown PB muscle or had their own unique reasons. I came to these choices using my years worth of knowledge and experience on the Index:
Lucas Lima – 300 futures – 53p. Cheap defender looking like he is being used as a winger. Could be another Youcef Atal.
Jose Fonte – 300 futures – 23p. Old but capable of very good PB scores and the odd goal or assist. Poor spread but I am letting it slide as he has got me an IPD already.
Jamie Vardy – 400 futures – 80p. Taking a punt on him to test whether he will get a rise before playing Sunday in a big televised game.
Bertrand Traore – 300 futures – £1.12. Another single game day coming up and got a big rise off the back of his first PB score. Is a forward and taking corners which adds to his PB score.
Jeff Reine-Adelaide – 300 futures – £1.05. Single-game day coming up and he too got a massive pump during his first game with a goal and assist. Had dropped a bit in price since at this point.
Lucas Tousart – 600 futures – 71p. Easily outscored his more expensive and hyped central midfield teammates at Lyon. Cheap and had grabbed a goal so also has a goal threat, even though is a holding midfielder by trade.
Kevin Volland – 600 futures – 87p. Leverkusen have a good fixture to kick off the new season and my old mate Kevin is always good for a goal or assist.
Lukas Klostermann – 300 futures – 95p. Attacking wing-back who loves to get in the box to try and create a goal or score himself. If he gets one and adds a clean sheet, happy days.
Wout Weghorst – 300 futures – 99p. I was a bit slow on getting on him as he had a decent rise that day so just grabbed 300. Has decent looking fixtures to start off the campaign and one of my boys who made a decent amount of money last season.
Sven Bender – 1100 futures – 46p. Chucked in a special performance and could be a steal at his price, was too good to turn down. He has to stay injury-free through which is something he didn’t do last season. Fingers crossed.
Aleksander Dragovic – 900 futures – 32p. He wasn’t far behind Bender with his own stats and is even cheaper. Took a punt in case he starts and does the business also.
Nils Petersen – 600 futures – 51p. He is a very capable goalscorer on his day. I remember him a super sub during my Bundesliga analyst days. Cheap and up against favourable opposition for three games on the trot.
Gian-Luca Waldschmidt – 600 futures – 97p. Young and carrying some quality sentiment from the recent u21 tournament where he finished as top scorer. Has those favourable fixtures and seems to be on penalties. Boom.
Yousef Poulsen – 500 futures – £1.06. Has some good fixtures including Denmark matches against minnows of Europe. Had a 10p rise before I bought after hesitating initially but had to get some.
(I also wanted to get on some Belgian players like Mertens and Lukaku but had spent a large chunk, so just like Axel Witsel I bought one of each. Spoiler alert – these three players skyrocketed and I missed out on huge profits but that’s the index and shows why the more money you have to use, the more money you make)
So that’s a “squad” of 14 players come Monday night at a total cost of £4,850. Leaving around £1850 in my account for if and when I need it.
How did you get on?
Let me start off by saying that I was debating whether to actually start this series for a few weeks, so for this time period from 12th August until typing this up now on 30th August, I don’t have a lot of info on most of my trades in terms of screenshots etc.
I am also still up in the air as to how I will show the progress made going forward. For this opening update, I am going to cut straight to the chase and then tell you about some of the trades made after. I can’t show them all as I make LOTS OF TRADES! 😀
The time right now is 4.36pm on Friday 30th August. I am looking forward to the games tonight and as I check my port I can show you what I have in the Index right here, right now:
As you can see, if you add what’s currently in my port with what’s in my account, I have the following amount in the Index: £6033.63 + £3649.44 = £9683.07.
It’s been 19 days since I started with £6700.
So that is an increase of £2,983.07. In percentage terms that is a return of 44.52%.
Below is what is in my port as I type right now. Please do take away 11 players from that 23 as those are all players I am tracking with just one share to their name, so it’s really just 12.
In just under three weeks I have (practically) made £3k. That’s a grand a week. I have a return of 44.52% doing what I do and trading how I have. I am very pleased.
Now, I will say this. The Index has been slightly unique in this period with the excitement that a new season brings. Traders can’t wait to invest in this, that or whoever if he looks like gold, so I will categorically say I am not expecting the same level of results on my next update.
The biggest trend in this period has been around the new PB matrix and people looking for the next big thing, we have seen some huge in-play rockets based on early looking monster PB scores and I managed to catch a few and ride the wave.
Eventually, the market will slow down on these types of in-play rockets and go back to “usual” but when one door closes, a window may open somewhere else so it’s important to always be on the lookout for trends and try to take advantage of them. No matter what it is.
How did the original “squad of 14” get on?
Looking back at my transaction history, I trade a lot. That’s for sure. Out of my 14 “squad members” I bought on the 12th August, I currently still own five.
One of which, Weghorst, I have increased my holding when he bagged another goal last weekend from my initial 300 futures to 900. This obviously changes my average holding cost of him but for this time period he has returned me the following in CA:
He has also brought in some IPDs with two goals in two games and he has decent looking fixures including single-game days, so I am not looking to shift him on just yet.
My Freiburg boys in Waldschmidt and Petersen have brought in the IPDs also, as they have grabbed a goal or an assist in each of their opening two games.
Waldschmidt naturally gets more CA attention but I am keeping them both for this weekend at home to Koln, plus Wald has just been called up to the German senior team for the first time.
The old man Jose Fonte has had a nice rise from 23p to 29p with a couple of half-decent PB scores and Lille have a good set of fixtures coming up. Will I keep him for the whole season? That would be a first. I also still have Sven Bender in my port to make up the famous five.
I sold the rest at different stages. Adelaide overnight from buying him got some transfer news to Lyon and I sold off the back of that. However, I sold WAY too early and would have been better off missing that news and finding a nice surprise late in the day. Never mind.
I sold Lima a few days back for a little profit after he started in his usual left-back spot and lost his unique selling point. Luckily for me, he has just transferred to a non-PB league so his hype really was short and sweet.
I sold Poulsen, then bought back and now sold again for very little return tbh. Was better off keeping him throughout. That was poor trading.
Sold Klostermann during opening Leipzig game, as he was totally outperformed by Halstenberg who did play in the end and grabbed a goal and assist! I bought him though in-play so got some IPDs and a little profit in there.
Had to dump Dragovic as he didn’t start the Leverkusen match. I broke even though as he had a rise after I bought him and all commission was covered. He was a punt in any case, just didn’t come off. No harm done.
Kevin Volland was a successful trade. I have sold him now but he grabbed some nice IPDs (like he does) and I sold my 600 futures around the £1.10 mark on average from an 87p trade. Nice. I will own you again Kevin, we both know this.
Bertrand Traore didn’t work out so well. He hardly moved in price all week and didn’t do anything during that single game day so dumped at a loss. Poor trade.
Lucas Tousart was a very good trade in the end, as by the time I sold him he went up to over a £1 after I initially got him for 79p.
The only problem was I sold half my stake well before this and never topped up. It’s painful watching a player grow like that with a small holding. But a profit is a profit.
Mr Vardy, king of parties, was ok. Nothing special. Sold him for about 84p. I did the Vardy thing again the week after and made a bit more on him. Although I sold before kick-off and he went and scored to reach 89p I think. Still, a profit is a profit.
So a mixed bag from these trades but overall a very healthy profit. I think I was up like 17% in no time at all just on these lot alone and then I had my in-play stuff and other trades flowing afterwards.
Speaking of which…
How else did I make my money?
“I had a really good day…”
In-play is a big part of what I do on Football Index.
I mentioned a few strategies in the intro article and I came to realise very early in my time on the Index, that players can have big rises with goals or impressive performances, so it made sense to get involved with this especially considering my lack of huge funds.
To make this part a bit clearer, I will show you some in-play trades from the first few match days at the very start of this series. I’ve picked out a few that spring to mind and also ones that I didn’t get on that would have been very profitable.
The below is a “weekend in the life of an in-play trader” if you like. The very short version : D
Saturday 17th Aug:
Wylan Cyprien – The Nice midfielder bagged another penalty and an assist which adds huge bonus points onto his already decent PB base. I got him at 99p and kept until I sold when he was £1.47. So almost a 50% rise over a week or so.
Ignatius Ganago – In the same game, young Nice forward Ganago scored the winning goal and won the penalty that Cyprien converted. I checked his price and was 60p so went on him. Held for the next game and sold for around the 78p mark. He went as high as 84p at one stage.
Hugo Diallo – As soon as Hugo Diallo stuck in his second of the game I bought a load. Sold quite quickly to the market once the masses cottoned on. Classic in-play flip.
Dani Ceballos – The above three trades I picked out were all done at night games as I was working during the day, so I missed out completely on the Ceballos rise. He went up like 60-70p or something stupid. I hope you got on.
Teemu Pukki – Another explosion with his hat-trick. A fine example of what can happen when you are on the ball in-play. His rise was massive so many people had lots of opportunities to get on and off with some profit. Whereas I was totally unaware as was working. Oh well.
Sunday 18th Aug
Sundays are usually a lot better for me (as long as I am not working at a game) as lots of games are available live somewhere and kick-off times are spread out accordingly across the day. This can help with focussing on specific games.
Mason Mount – He was playing in a Super Sunday game. He is a young exciting Englishman. He opened the scoring. I bought at £3.05. I sold at £3.32. Bread and butter.
Marcel Sabitzer – I knew of people talking about him earlier in the week so he had some incentive to keep my eye on him. He then goes and bags three assists and a goal for himself. I think I got on when he scored and reaped the rewards, as he continued to smash it afterwards with two more assists.
My only regret is not buying more when he got his second assist, as that was the point he went wild going up around 30p I believe. I kept him for a week or so before selling for a 50% profit.
Marcel Halstenberg – Another player with popularity. The defender opened the scoring so he was guaranteed a nice rise. I bought at 99p. He went on to reach £1.17 when he grabbed another assist. However, I didn’t sell as was too seduced by the 3p IPDs. He then dropped to £1.07 at full time. Hit and miss but I kept for a bit before selling.
(I had a really good day as other highlights were Sergio Reguillon, Martin Hinteregger and some others.)
Filip Kostic – He grabbed an assist within a minute. His PB score was doing very well. He shot up in price and I kind of just watched it happen. Slow from me but I can be stubborn at times and almost refuse to get on once missing the initial rise.
Monday 20th August
Anthony Martial – Tony Marshall as he is also known, has a lot of eyes on his potential role this season. If he is the leading striker, the Man Utd fans that are on the Index will be all over it. He bagged a goal in the Chelsea game and another one here would see another spike.
He did and I bought. £3.21 I got on and £3.48 I got off. Lovely jubbly.
I got on Ruben Neves at £1.66 & then at £1,69 when he smashed in the equaliser and sold at around the £1.76 mark so not bad. Nice little bonus.
So there are some picked out trades from that weekend. I make A LOT of trades so to list them all would be silly. I have left out the weekend after this as the article would become too long, but it was also a decent one overall with some steady profit.
Remember, not all trades come off. Some hardly move and I sell at a small loss after commission. Sometimes I am just too late to the party. It happens. Every week. It’s part of the game.
I am gonna mention that I do like IPDs and for this weekend of the 17th and 18th of August, I had a total haul of £133 for Saturday and Sunday. These are a lovely commission-free bonus that tallies up over time.
My current total of £2,356(ish) of dividends is mainly IPDs. I can’t put an exact figure on it but 90% wouldn’t surprise me. This is my buzz that others get from PB and MB wins. Get your buzzes where you can. : D
So what do you think?
I haven’t gone into real fine details on this first episode as a lot of time has been put into clarifying a few things and keeping it on a general theme for an opening update. The episodes will be shorter I suspect going forward once it gets going.
It goes without saying I was very happy with the results even with missing out on some HUGE profits and with the odd trading mistake, but let this be a sign of what can really be achieved on this platform.
I now have £9,683 in the Index from starting with £6,700. (as of 30th August – 5pm)
I made £2,983 in 19 days. That is a return of 44.52% in this period.
I can tell you my overall profit now sits at £14,482 as of 30th August 2019. I have put £2.5k of my own money as a true deposit. I started the index on the 5th September 2018, so coming up to a year. I am glad I joined. : D
So, that’s the first episode done and dusted. Let me know what you think by commenting on the article, sending me a message or tweet to @GingerPirlo_FI and you can always find me on IndexGain. If you haven’t signed up yet, what are you waiting for? You can do so on this link.
Just one last thing to finish…
…do you think you can make a living from Football Index? 😀
Peace out. Good luck with your trading!