First Time Trader Questions
I’m by no means a power trader, but more of an investor:
I’m not a fan of trading low value-high trade items.
Yes you can make money off of it, but the returns are so low that you’re better off grinding. Time is money, and if you’re not earning a good profit rate per hour, it’s still not a good investment.
What you should be investing in is T6 mats. Not only are they high trade, but they are high value. The lowest T6 mat has a value of about 4-5S, while the highest is 15-18S. Often there are big enough fluctuations between morning and evening that you can make good profitable trades.
But on to your questions:
-Prices keep fluctuating, so sell when you are comfortable enough with the margin you see fit. It may take an hour or it may take 2 days.
-Diversification is always good. But it’s hard to find a high risk, high reward investment here. There are no items that I can see that fit that profile. It’s more like high risk, low reward.
-5-10% return is relative – depends on the value of the item. If you’re earning 10% return on a 1s item, that’s not exactly good. If you’re earning 10% on a 10s item, that’s good.
-If you’re going to buy named exotics, only buy those that have a decent skin and stats. That being said, I would never try to corner the market for named exotics. I often find the demand to be low-moderate and the prospect of being undercut huge.
[Currently Inactive, Playing BF4]
Magic find works. http://sinasdf.imgur.com/
Thanks for the advice.
The mats sold pretty quick, but as you said they were low yield; 5% on 2g isn’t much. My inscriptions have a higher margin and are more expensive, but I have been having trouble selling them. I think I’ll go try t6 fine mats as you suggested tonight/tomorrow.