Mandur12

Speaking of:


I just dropped a truckload of influence off at the pit, and:



#11

Transaction completed, and done it a way that helps the 88's! Thanks.

Looking to trade my lvl 50 Gladiator's armor +3% def + 500 mil for your lvl 10 GA +3% def. I am aware of PvPIO exemping rules: this is for a leveling build. PM here or in-game at same name. I'm on Virtue. Thanks.

Welcome!

I'm unsure why the conversation lasted once we cleared up the difference between flipping and cornering.

TR, if you set up one of the unfinished rooms as a salvage storage depot, I'd help fill them with anything you need.....

Of course, if you're just saying all this talk has motivated you to make some l00tz, well then cheers!

FYI, a few days ago I rolled on all of my 88's toon's R-merits, maybe like 200 of them. I had horrendous luck...... I think I only got a 2 recipes worth a darn: an impervium armor: dam and another lesser one I can't recall off-hand. I should have gotten Fulmens to buy my rolls from me instead, in a sort of snake eating its own tail route for that influence to make it onto the burn pile 8-P

If we actually have caused a conversion ripple with the other top SGs on Virtue, that would be ..... awesome.

2B just burned, and we've cracked the top 15. Take that all you imaginary people in my computer box.

That is art. I bid......... 300m prestige for the fire!

.......300m burnt tonight. 102m prestige, and #18 on the list.

In order to flip an item, you must be able to:
1) identify the highest likely outstanding bid
2) identify a price you will likely be able to sell the item in question.
3) do modest math

First, identifying the highest outstanding bid. Flippers often employ a "bid signature" as a quick reference. These bids usually aren't "round numbers". For example, I often end my bids with "150". If you see something bought for 10,111,150, it probably went to me. These bids are usually good indicators where the highest bid is.

Second, find out what the "buy it now" price is. This is a price point above the highest bid you've identified that the item usually goes for (I'll get into what that means in a second). Third, do a little math. Is the "buy it now" price > the "highest bid" price + 10% of the "highest bid" price? If so, you can make money on this item.

example:
highest bid price = 10,111,150
buy it now price = 15,000,000
10m + (.1 * 10m) = a little over 11 mil, which is 4 mil less that the 15mil going rate. You can make money on this item.

Identifying the "buy it now" price can be tricky. I'd recommend as a rough approximation in the beginning, that unless there are at least 3 prices in the last 5 around some high point above the 2 at the low point, move on until you get a better grasp of how things are working.

For example, a last 5 history of:
10,111,150
17,000,234
15,000,000
10,111,150
14,799,999
would lead me to believe that 10,111,150 is the highest bid, and that 15m is about what I'd expect someone to pay who wasn't patient.

However, if the last 5 looked something like this:
10,111,150
17,000,000
10,111,150
10,111,150
10,111,150
I'd be more leery. 10,111,150 might actually be the high point, no low price identifiable, and the 17m is just someone throwing away money.

There are a couple of things to keep in mind when attempting to find things to flip. First, If I can't identify items 1 or 2 above I move on. There are other fish in the sea. Second, don't be greedy when setting your price. If you don't have the least expensive asking price, someone else gets the transaction instead of you. Don't be greedy! People will probably give you the "buy it now" price anyways! Also, don't be afraid to find a new niche. Marketeers might move in on your niche and close the profit gap. Move onto something else you can make money on and come back to that one later if it clears up!

In the above example where someone bought for 10m and is looking for 15m, one might put the item up for sale for 12,001,178, still guarantee at least a million profit, but still likely to get the 4 million one is looking for.

My advice is to get your feet wet with a high turnover commodity like salvage for a crash course on the flow of the market. Choose one that has a high number of bid and ask participants, and at a price you feel comfortable losing money at if you do something wrong while learning. Buy stacks, sell stacks, rinse and repeat.

So I've only been an active marketeer with 2 toons for a while, partly because the influence falls from the sky just doing the easiest of market activities (like flipping purples), and partly because my online friends get mad at me if I spend too much time in the markets instead of playing with them.

Well, I decided to use my 88's toon, Neander Paul, to do a little light marketting this weekend while I build up some influence to burn all at once with my "serious" marketeers. I seeded myself some cash up to about 500m and decided I'd do some buy-craft-sell (which I haven't done in a couple years actually) on the mid-tier gems like decimations, impervium armors, and kinetic combats. Well, it takes a little more time than straight flipping, and he's got some transactions pending, but I managed to double my money this weekend. Holy crap. 500m isn't a huge sum, but it's not bad for a weekend with my tertiary marketting toon using a technique I haven't touched in a while. More for the burn pile!

Inf burnt late tonight, and we're up to #35 now!

I'm in if we do this on Virtue.