3 Common Fantasy Football Team Management Mistakes

Managing your stock portfolio and your fantasy football team have much in common.  Like your stock investments, you must manage your fantasy football team with dispassionately. Yet many owners do not and instead fall prey to three commonly made fantasy football team management mistakes.

1. Not keeping abreast of current player developments
Many owners draft or sign a player but then don't follow them as the season progresses.  Depth chart changes, performance peaks and valleys, schedule difficulty, snap count changes, coaching changes or coaching philosophy changes all can make a player suddenly less or more valuable. It's important to keep abreast of all developments for every player on your team.  You may need to decide when to "sell high" (trade a player who has peaked) and "buy low" (obtain a player who hasn't wowed anyone to date but has a lot of upside ahead).  Don't waste a single roster space.  This even goes for kickers and defenses; after the first few weeks of the season, you may want to re-evaluate your kicker and defense to see if they are under-performing.

2. Succumbing to confirmation bias
Unfortunately, we humans often heed only information that reinforces our views while we ignore any data that contradicts them. This is called "confirmation bias" and it can ruin a fantasy football team.  For example, an owner may cling to a favorite name player because of both their affinity for the player and some out of context data.  Meanwhile, they ignore overwhelming evidence that the player is probably a dud.  Of course, the converse of this is true, too.  Don't bypass a player that could help your team just because of their past failures, lack of name recognition, or current NFL team struggles!  Research and try to determine if this time around that player really could help your team.  During this 2010 season so far, we've seen non-names (Peyton Hillis) and sullied names (Darren McFadden, Mark Clayton) make significant contributions.

3. Not stopping the bleeding
Related to the above, owners fall in love with a player once they've invested. If the player performs poorly, they still hold on, and for far too long. Owners should strive to keep losses minimized.  If a player flops for several weeks, or will be out injured for several weeks, they should dump that player in most cases.  Why waste a roster spot on someone that consistently fails to come through or that will miss a significant chunk of the season?

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