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Subject: Keys to making money
Posted by: Newbie
- [5310331612] Fri, Nov 16, 2001, 12:45
Hi, i am a new guy around here. i have been
trying to make some money, but seem to keep
getting burnt on my ideas. do any of you have
any tips as to a good staregy to take in hopes
of making some cash? any advice would be
great. thanks. |
| 1 | Blooki
ID: 359321514
Fri, Nov 16, 2001, 12:57
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Try using the tools on this site.
Using the Sched-O-Matic and/or the NBA 4-week Schedule Look-ahead you can determine which teams have hot schedules during what periods. These teams will usually have a player or two who many managers will be looking to buy. I usually check their actual Smallworld team pages to see which players have been producing around or above their average TSNP/g.
Another tool on this site that I find useful for making money is the Sartibles. If you look up players by TSNP/g/mil$, you can see which players are underpriced. These players tend to have potential for gaining money, but just have to wait for the right time (see previous paragraph about scheduling).
Basically, just learn to watch the market to predict which players people will probably be buying into and which players people will probably be selling. Hope this all helps.
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| 2 | DR Stars
ID: 162592010
Fri, Nov 16, 2001, 14:03
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Also just reading and chiming in with your thoughts in here will give you and everyone else an idea of where the market is heading, so keep posting.
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| 3 | valkyrie
Leader
ID: 51815210
Fri, Nov 16, 2001, 14:25
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Newbie- It took me several years to even begin to learn how to make $ and I didn't really learn anything until baseball last year. My guess is that you are probably over thinking. It helps to disregard logic and learn lemming think. One must subjugate one's own instincts and just go with the flow. Treat all players as a dot.com. You know its not the best buy but you can make a lot of $ if you are not the last person holding the stock. Finally listen to anything the real "Richard" says- he and Guru are the Gods of earning $'s.
And yes I am pretty cynical about this part of the game but it is fun (and frustrating and difficult) to learn lemming think. Most of the old timers on this board are much more experienced in this and have learned to make $ much better than I have but it is a never ending learning process and I am improving as will you. It helps if you can accept that for this purpose perception IS reality, collective thought is vital, individual thought is detrimental. To make $, you are not trying to "beat" anyone else but just to match what they are doing- the key is to figure out what they are doing- not to try to anticipate what you think they should be doing.
Much easier said than done. Good luck.
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| 4 | Guru
ID: 330592710
Fri, Nov 16, 2001, 14:35
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The key is to go after the players who are undervalued and can sustain their apparent undervaluation, either because they are just better, or because their emerging schedule props them up.
And just as importantly, to avoid the sucker buys. John Wallace, after the first day, is a good example. Unless a player can sustain a productivity level that makes them desirable, they won't continue to be bought.
Also, you need to be aware of players who are the most heavily bought. It isn't so difficult to gain value in the first few weeks. Retaining that value becomes more difficult as the early gainers start to leak. You need to have enough trades saved to be able to unwind soon enough. Ultimately, avoiding a loss is no less important than bagging a gain.
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| 5 | PeterGunn
ID: 471014108
Fri, Nov 16, 2001, 14:42
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Eddie Robinson= another sucker buy.
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| 6 | newbie
ID: 21061615
Fri, Nov 16, 2001, 15:10
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thanks guys, this is fun. i bought e-rob yesterday before he got injured and sold him today.
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| 7 | Guru
ID: 330592710
Fri, Nov 16, 2001, 15:14
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I disagree with Eddie Robinson as a "sucker" buy. I think he had good, sustainable value if he had remained healthy. The only reason he didn't work out was that he was reinjured.
He was only a "sucker" if you figured he was bound to get reinjured soon. Or, if you bought him after he was injured again.
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| 8 | Guru
ID: 330592710
Fri, Nov 16, 2001, 15:15
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Or perhaps I should say, it was too early to know whether Eddie was a sucker buy or not.
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| 9 | rockafellerskank
Donor
ID: 33108169
Fri, Nov 16, 2001, 15:18
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E-Rob was not a "sucker buy" he was slated on alot of rosters in the pre-season (before injury). He has the ability to out-produce his price.
An injury is an unforseeable outcome. he was an "unfortunate buy" for those of us who leaped.
a healhy E-rob is an integral part of CHI's plan (LOL, if there is one at all). Wallace is a journeyman that will only see PT based on an as-needed situation therefore reducing is value to spot duty. That is the difference.
rfs
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| 10 | valkyrie
Leader
ID: 51815210
Fri, Nov 16, 2001, 15:19
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Ah one of the reasons Guru is the guru- somehow he manages to combine a fundamentalism with his vast knowledge of the collective- but this I think is the distinction that separates the very top players from each other- an over reliance upon fundamentalism absent the guru's knowledge of the collective is a recipe for RV disaster in my experience.
The importance of Guru's point about knowing when to get out of a player can not be over emphasized- nor can his point of conserving trades to be able to effectuate you decision.
This is the easiest point to comprehend but probably the hardest to implement, especially acquiring the discipline to conserve trades. Trade discipline is the fastest way to improve and is pretty much completely within your own control. I think we all suffer from lapses in this area from time to time.
Actually Newbie- I apologize- I shouldn't even be attempting to respond to your question. I just got caught up sympathizing with your frustration, having been there for several years, and wanted you to know that you were not alone. It is hard.
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| 11 | blind ambition
Donor
ID: 89372816
Fri, Nov 16, 2001, 18:28
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here's a short little story so emphasize trade management....my friend and i played strong till december last year...he gave up and i continued...his team slipped, but he had gobs of trades by end of january...he started back up with dozens of trades...i stayed strong and finished top 500wwr...after he picked is team back up he finished top 30!!!........that shows importance of trade management , but also shows how this is a marathon and not a sprint.....as of today i am 1500wwr with less than 53 million, but i'll come back....if you listen to these guys--you'll make money...............
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| 12 | Lutefisker
ID: 341022158
Fri, Nov 16, 2001, 20:06
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buy low sell high...
If you can do that, it'll work every time!!! ;)
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