Sell Devonta Freeman while you can
Last week, a friend came over to talk about some football related things, daily fantasy sports (DFS) in particular. We were going through lineups and talking about the players we liked and disliked in Week 3.
We came across James Jones, who I happened to like as the games got closer, due to Davante Adams being nicked up and missing practice time. Jones had been in my “sell” section of this article just two short weeks ago.
He said to me, “Mike, I thought you didn’t like James Jones? He was in your ‘sell high’ piece right after Week 1!”
I’ve also had a few people ask me about certain players on Twitter, and why I would want to sell a player that has performed so well. There have also been questions about whether they should they drop a player because he was in my sell column.
Because a player shows up in my sell column doesn’t mean he should be dropped or even traded if you’re not getting proper value. The point of these buys and sells are so that you can maximize your dollar.
How do you think day traders make their money? They take their dollar and buy a stock. That stock goes up to $1.50, they sell it. It doesn’t mean it’s a bad stock, it’s just overvalued at that point. When that stock price drops back down to a dollar, they are buying again. They are making money.
It doesn’t always work out for them, but most of the time, it does. So let’s jump in and see who are we day trading this week.