Ergo, be warned that my strategy will not win you a monthly competition. It is just a description of how I play the game.
My only goal is to get to a billion.
I try to make my buys just AS the reason to make the purchase occurs (HR, TD, Goal scored, etc).
WARNING:Be careful with goals scored, as sometimes, the scoring ruling is changed after the game and you may inadvertently buy shares of a player who really did nothing the entire
game.
Other times, I simply get on line around 11:30pm and visit and check out the NHL and NBA scoreboards, or, if there have been NFL games, the NFL scoreboard as well.
I look for obvious buyable events, like:
Touchdowns scored (NFL). The more the merrier.
Goals scored (NHL). Ditto above.
Birdies, birdies, birdies (PGA)
Double Points estimates (NBA)
Goalie Shutouts (NHL)
Home runs (MLB)
I also like to look for injuries, as sometimes, a lesser player steps in and is able to outperform estimates that were based primarily on that player having been in a
backup role the previous season.
As I previously stated, I try to make my purchases at a point in time just AS the reason to make the purchase occurs (Homerun, TD catch, TD run, 2nd TD pass by a QB,
Goal scored).
RULE OF THUMB: I rarely invest in defensive players in football, unless they scored a TD or had more than one interception.
RULE OF THUMB: I never invest in goalies, unless they record a shutout.
RULE OF THUMB: I rarely invest in basketball players, unless they nearly doubled their points per game estimate.
Mutual Funds:
I only dapple, making sure to buy only funds with a concentration of steadily bonused players.
I take advantage of any transaction that results in a return of more than 2%. Even if it means the net profit is only $100 in terms of dollars. This $100 seems
insignificant, but mathematics states otherwise (see my Rule of 72's). I make my related buys at 4:05pm EST, and make my sells at 4:35pm
EST, making sure the transaction has been registered in my portfolio first.
I buy any IPO that people have been longing for, just in anticipation of the feeding frenzy that usually results. I buy it AS SOON as it is issued, so, at the very least, I
will maximize the moo profits by the time my late night buying cycle begins. If the player is having a big night, or has a buyable event, I hold the IPO over night and sell in
the morning with all the rest of my stocks. Otherwise, I sell him as soon as he passes the 2% milestone, thereby freeing up some cash to invest in more profitable stocks.
As my portfolio has grown, however, I have been known to make exceptions to my rules, and some of my buys have, on occasion, become questionable, at best.
My buying cycle is as follows:
- At night I check to see which players performed a "buyable event".
- I make a list of players who do so, being sure to include their estimates in key categories compared to
their actual performance that day.
- I then prioritize my buys based on how many categorical estimates were beaten, and by what percentage. I ALWAYS choose "Buy Max" as
my number of shares.
- 10:00pm Eastern Time: No stock holdings in portfolio (I sold them all, keep reading).
- Midnight: ALL(practically) cash on hand spent.
- 9:00am EST: Confirm that Boni are awarded, SELL ALL HOLDINGS!
- 4.3:05pm EST: Check WSS Transactions page. Do Mutual Fund calculations; buy (or sell) appropriately.
Note that as my portfolio got larger, I may have had some mutual funds in it; those would not be day-traded, unless there was a scheduled transaction THAT day (as
described in Step 4).
