Meet the Manager: SiegeTheDay23
In the Footstock Meet the Manager series, we profile some of the platform’s most active managers. Today’s manager under the spotlight is DFS legend SiegeTheDay23.
1) What is your name?
David Peters. On Twitter and the Official Footstock Slack Chat I go by @SiegeTheDay23.
2) How long have you been on Footstock, how did you hear about it and what is your Footstock-related background?
I opened my Footstock account back in August 2019 in preparation for the 2019/20 season. I heard about it from one of the UK’s top Daily Fantasy Sports (DFS) players who sang its praises very highly, having themselves become an early adopter through the Indiegogo campaign.
At first I was sceptical, but the passion and belief he showed when speaking about the platform, and the vision the owners shared, made me sit up, take notice and realise that something unique was beginning to surface.
My personal background in fantasy football is similar to so many in the community in that it originates in a deep-rooted passion for Championship Manager in my teens. That then naturally progressed into season-long fantasy formats that many of us play, like FPL, but also the Telegraph and Metro fantasy games around 2010.
The real ‘lightbulb’ moment for me personally was when DFS came onto my radar around 2015 (which coincided with my worst ever FPL rank, by the way!).
Discovering DFS was a real Eureka moment for me, and I’ve never really looked back, having played the majority of platforms for the last few years. It’s a great hobby and I’ve met some amazing people that I now consider lifelong friends through it.
3) What is your collection size and structure?
As at today it stands at only a small percentage of what it has been to be honest.
I’ve all but reduced my holdings in the top players to zero, even going as far as to withdraw two of my entries from the £10,000 freeroll to unlock the assets that have performed so well since they were purchased back in September.
Taking gains from players such as Adama Traore, Miguel Almiron and Jordan Ayew, for example, who were purchased for peanuts in comparison, made a lot of sense to me.
I made a conscious decision to not participate in the virtual tournaments as they weren’t something that I enjoyed, so I scaled down my holdings in players I considered to be ‘overvalued’ a month or so ago. On a personal level, I probably missed out on large market gains through that decision, but obviously the community as a whole have embraced the Virtuals and the platform is booming for it, so that’s great to see.
Over time I hope to be able to plough some more capital back into other areas of my collection to replicate the gains made from September to April.
4) What is your strategy?
Firstly, it’s important to stress that there really isn’t a ‘correct’ strategy in how to use/play Footstock. Due to the nature of the site, you can deploy one or even multiple strategies should you wish, thus enabling you to use the platform to best suit your abilities. I think it’s important to separate into two though:
My tournament strategy is quite simple. If you zig, I’ll zag. By very definition, I’m a contrarian thinker and this is usually reflected in my lineup construction. It often leads to a first or last outcome, but that’s just the way I play fantasy football.
My market strategy is based around looking at the long term and trying to find value where I feel others have ignored it. This can take one of multiple different approaches including (but not exclusive to): finding and discovering youth talent, buying up players that are coming to the end of their contracts/loans/careers, or simply players that are currently out of favour with the current market. I liken it to an investment strategy of buying small-cap stocks and junk bonds.
The downside to this strategy is that it’s entirely possible you’ll a) not give yourself exposure to the large potential gains we see at the very top of the market (looking at you Bruno!) and b) you’ll leave yourself short of players needed to access multiple tournaments. So it’s a balancing act, but as long as you have faith in the platform over the medium to long term, then the players you’ve invested in now (should) start to come to fruition, thus giving you the next wave of Brunos at a fraction of the initial cost. At least that’s the thinking!
In a word: Patience.
5) What do you like about Footstock?
This is such a tough question to answer!
If I had to nail down one thing it has to be researching the next wave of young players coming through. Those that do this aspect of trading will know that you get a strange (almost parental) sense of satisfaction when the player you’ve invested in does finally get first-team action. It’s labour-intensive but very satisfying.
Players such as Gilmour, Saka, Tanganga, Ngakia, Smallbone and Connolly have all come through this season from youth level and there’ll be plenty more if the upward trend of allowing young, domestic talents a chance to shine continues.
I think the real USP of the platform though is the fact that you can actually do multiple things. It’s so multifaceted, which is what makes it so unique. It can be whatever a user wants it to be: trading, fantasy football or a mixture.
6) Which players do you presently think are the best value and why?
I think that ‘value’ is often a misunderstood term to be honest and especially hard to judge in the current bull market that we’re experiencing, with the virtual tournaments and roulette-specific players driving prices ever higher.
However, here’s a few players that would classify as ‘value’ to me in the current market:
Current buy price: £2.07*
I’ve been a big fan of his going back to when I first saw him in League One for Southampton. Just before the COVID-19 break he looked like he was starting to find his form again under Moyes. There’s potential for his partnership/linkup with the attacking trio of Jarrod Bowen, Pablo Fornals and Felipe Anderson to really flourish. Age is not on his side, but he’s always an explosive differential to own on matchdays. On the flip side, his contract ends next summer, and there’s murmurings of a transfer away. Worth noting.
Current buy price: £0.79
Whilst all the spotlight will (probably rightly) focus on Phil Foden as the ‘next big thing’, it’s worth remembering that Man City already have a direct attacking replacement for David Silva waiting in the wings …. and he’s Spanish. Just the other day Footstock was imitating real life in that their prices sat side-by-side.
At £0.79, and with a real chance that some of these exciting youth talents get game time upon the resumption of the Premier League, Bernabe represents a fabulous opportunity to get exposure to one of the exciting new waves of talent at the Etihad.
Caveat: Six months ago, I would have said the same about Ian Carlo Poveda (£1.23) – alas, he’s gone to Leeds. It doesn’t always work out!
Current buy price: £1.90
Gedson possesses all the attributes you want to see from a template Footstock midfielder, and has flown somewhat under the radar on the platform since his move from Benfica. He offers pace, dribbling and tackling ability coupled with a desire to get forward: in my eyes he can do everything and he’s only 21. One of Gedson or Tanguy Ndombele is going to get the chance to dominate that Spurs central midfield role next season, and I’m excited to see how the dynamic develops.
Is he the next Fred for the platform? Possibly.
Current buy price: £0.47
The ‘secret’ is starting to get out now, and a player who could once be picked up for mere pence is starting to rise. Burnley’s academy is showing real potential, and with another season in the top flight essentially secured, the green light for this young 17-year-old striker to get game time is nearing. With a frontline of Jay Rodriguez, Ashley Barnes and Chris Wood all around the 30-year-old mark, Sean Dyche has signed him up until 2022 and stated he’s excited for Richardson’s future. So am I.
* Prices correct at time of writing.
7) What advice would you give a new trader?
Sit down and make a plan. Keep focused! Ask yourself: ‘What do I want to get out of this platform?’. Jumping in like a bull in a china shop will almost always lead to losses.
Do you want to build a portfolio best equipped to play the tournaments? Do you want to trade the market? Maybe it’s the Roulette that you want to excel at? Plan your strategy, stick to it (where possible) and review it at certain intervals in the future to determine whether you’re on the right track. The market is always in flux, so being adaptable is key.
I’ve changed paths/lost focus far too many times over my first 10 months on the platform, and it can really destroy not only your strategy, but your long-term outlook and motivation. It’s very hard to juggle all the balls, all of the time. Stay patient and stick to the plan.
8) What has been your best/favourite roulette win or swap?
The one that sticks in my brain was literally one of the first attempts I played on the platform: winning a Sergio Aguero with a Cenk Tosun back in September.
Over time I’ve had numerous fun wins (and losses) on both versions/formats (P2P and vs House) and I especially enjoy trying to find the players that nobody is using at the time.
Roulette is a short-term dabble though, not a long-term strategy. I’m still guilty of over-using it to this day, and contrary to popular belief it leads to much more losses than gains over the long term. Please use it sparingly.
Recently I’ve been swapping quite a few cards on the inactive swap feature and it has been quite successful, gaining cards such as Pogba, Foden, Son, Pulisic, Bowen and others. It’s a great feature.
9) What are you most looking forward to about Footstock?
I think when you take ‘stock’ (see what I did there?) and look back at just how far both the site and its community have progressed in such a short timeframe, I genuinely believe the sky’s the limit for Footstock. It can become anything it wants to be. It’s so unique.
Specifically, going forward I have a vision for the site to host multiple leagues available to play (Serie A, La Liga, Bundesliga) coupled with a complete database of players from all over the world to trade. I know the team is working extremely hard to make those wishes a reality with their ‘Future of Footstock’ plan. The redesign of the site is particularly exciting.
If the database did grow to those levels it would lead to a greater exposure to youth players and academy prospects available to the market. Compared to other platforms, Footstock already has a significant amount of these young domestic talents that you simply can’t invest in elsewhere, but I would still like to see it grow a lot larger.
Eventually, down the line I strongly believe the format should be taken to the North American market with versions for NFL/NBA/MLB, etc. It would be a perfect fit, marrying Daily Fantasy Sports together with their (physical) trading card collecting culture.
It’s really important to remember that we’re still at the beginning of the platform’s birth and evolution. Its progression and development have been impressive up to now, but it does finally feel like Footstock is taking off and getting the recognition it deserves.