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You’d be stupid not to feel some disquiet at the way the change was communicated yesterday. I am happy, but am I happy because the changes are likely to have a positive impact on my portfolio? Most likely, yes. Being that capricious could affect any of us. #footballindex 1/2
Paraphrasing Niemoller, ‘First they came for instant sell, and I said nothing because it didn’t harm me. Then they introduced order books without mms and I said nothing because it didn’t harm me. Then they came for the IPDs and I said nothing because I did not hold IPD players..
They do need to make the changes and it may make a mess, but they need to do this quickly and fix the terms of the bet. We can’t be trading with this constant changes. Yesterday, I benefitted, and potentially we all will when the new changes are introducing, but this can’t go on.
It’s easy to look at this through a lens that benefits you as an individual. My initial reaction, because I’m human, was this is likely to help me individually, so I celebrated. Reminder to myself to keep my eyes open and really factor in the risk of the bet. Yields and manager.
