Page 5 - Buildingastrategy

BUILDING A STRATEGY PART 2

SHORT TERM FLIPS CONTINUED

Exit point Strategy

Exiting the trade and selling your player according to your strategy brief. The questions
you then ask yourself should mirror the entry questions.

How did you exit? The price you sold at? how many shares you sold? on occasion you
might have sold 50% of your shares to market but had to instant sell the rest or even
hold some. Record all of this and if you choose to hold give a positive reason why?
holding without a plan will not help your strategy.

Why did you exit? What happened to make you exit the trade? If it did not go to plan
what went wrong? if it did go to plan what are you especially pleased with?

When did you exit? When did you exit? for example was it before a match kicked off?
was it the day after? you can even time stamp the trade to the hour and minuet! This
will help you correlate with past trades using the same strategy and help you perfect it.

Let me answer my three questions using my current trade with Memphis Depay.

Trade Conclusion

I sold all 50 shares of Depay and the price I sold at was £1.05 = £52.50 pre commission
and £51.45 post commission making £11.45 profit and a target smashing 28% return
on investment.

I exited the trade when the team was announced and Depay was starting, this
prompted a lot more traders to jump on him and made his price rise higher, I was fully
sold up before the match had kicked off.

Practise makes perfect and once you have a strategy that works short term flipping will
become a useful skill to help boost profits..