I'm getting tired...

I'm getting tired...

in Black Lion Trading Co

Posted by: Nusku.3941

Nusku.3941

I’m getting tired of running 24 dungeons every day, anymore dungeoneering and I might go insane; yet every day I keep hearing people say they TP flip and make 200g a day, like I don’t see how that’s virtually possible but if someone can give some insight as to what in the world they’re doing, I would gladly appreciate it.

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Posted by: EgonVenkman.1907

EgonVenkman.1907

The basics of it is simple. Find an item or item set with a large gap between the buy/sell price. Set your buy orders, they get filled, then set a sale order at or below current price and wait for profit.

Which item you invest in depends on your current reserves and risk willing to take. Some times the buy/sell orders can take days to complete, but can result in profit. A category with higher risk, but smallish-profits are minis. Not as many use that market, because it sometimes takes days, and the risk of loosing profit on multiple listing fees is much higher than others.

More advanced things to consider:
1. Watch release notes, and take guess/predict what will be used for next patch. Invest heavily in that item. When patch hits, profit from price disparity. Or cry as item wasn’t actually used and your money vanishes.
2. Convert your skill points into gold, or find some craftable item that will generate a profit after costs are involved.

Colin Johanson: "Everyone, including casual gamers,
by level 80 should have the best statistical loot in the game.”
http://www.eurogamer.net/articles/2011-09-27-guild-wars-2-preview?page=3

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Posted by: mtpelion.4562

mtpelion.4562

Most of the money available via “flipping” comes from buying an item and converting it into a more valuable item.

This is done by either crafting with, opening, or salvaging the item you bought.

There are rarely opportunities to buy low and sell high with the same item because they are usually very obviously and thus quickly get too much competition and the profit margin evaporates.

Server: Devona’s Rest

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Posted by: Vol.7601

Vol.7601

get lucky. see sig

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Posted by: MesmeForever.3612

MesmeForever.3612

get lucky. see sig

So, add platinum doubloons to everything? Pls explain

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Posted by: Vol.7601

Vol.7601

Step 1.) Get Gold
Step 2.) Invest/Gamble Gold
Step 3.) ?
Step 4.) Massive Profits

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Posted by: silvermember.8941

silvermember.8941

Step 1.) Get Gold
Step 2.) Invest/Gamble Gold
Step 3.) ?
Step 4.) Massive Profits

Or
1. Break out Debit Card. Debit card beats luck and time.
2. Use debit card on cash shop
3.)???
4) Massive savings in time and brain power.

As u know im pro. ~Tomonobu Itagaki

This is an mmo forum, if someone isn’t whining chances are the game is dead.

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Posted by: Araleg.3152

Araleg.3152

Trading post gambles arn’t all suger and rainbows, yeah i have probably ended up better off but i have lost huge amounts due to crappy patches.

For example past 2 weeks i have farmed the pavilion, made about 500g with countless hours of farming. I then got lucky and got a Lyssa backpack from the gauntlet worth a further 200g. Cool 700g you say…..

Yesterday i log in and the skins i had invested around 3000g on (catchers and rose skins) have all crashed and lost around 80% of their value. Yeah im now 2400g poorer and looking at spending atleast the next 3 months earning it all back if i can even be bothered to.

Some advice from myself, be careful and expect to lose it all at any moment because of Anets stealth patching.

(edited by Araleg.3152)

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Posted by: laokoko.7403

laokoko.7403

I kind of did the same with keeper’s recipe. My investment lost 1000 gold in value during the Lion’s Arch invasion patch. But a few month later they raise up to the same value again.

So technically I didnt’ loss money, but if I bought it during the Lion’s Arch invasion, I would have made thousands of gold instead of barely breaking even.

There’s alot of gold to be made with those event items. But always beware they can come back.

(edited by laokoko.7403)

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Posted by: zeibars.9781

zeibars.9781

get lucky. see sig

thanks for the peek at your investments…

little tip to improve visuals, create a custom number format:
“## ## ##”
and apply to your columns with values in it