Guild Wars 2

Without sharing any secrets or markets, since it end up ruining that specific market, what advice would you give to people interested in flipping. Examples would be like the best time to buy/sell, how deep do you go in for high or low volume sales etc. Or how much time you spend each day flipping.

If you’re talking about basic buy/sell profit then…

1. Try to avoid leaving buy orders overnight because the market can fluctuate a lot.

2. Make sure you check the velocity of the item you are flipping, especially large spread items. Any goods you have to wait to sell is lost time/money and potentially might not sell.

3. When putting buy orders you can click really fast 3-4 times and get 1000 orders in instead of 250.

Disclaimer: I don’t flip anymore, I used to though like 18 months ago.

fishball.7204:

3. When putting buy orders you can click really fast 3-4 times and get 1000 orders in instead of 250.

Definitely works for us Aussies. Dunno about Americans, their 0 delay/lag might prevent that.

Be prepared to change the item you’re flipping regularly. Any item that you see as being a good one to flip will be noticed by other people. Who will flip it until it is not longer a good item to flip, then move on to somewhere else.

Stay away from items that aren’t dropping any more. Nobody will fill your buy orders.

If the quantities in your buy/sell orders are too high, any flipper who you outbid/undercut by 1c will change their prices. But if the quantities are low enough they won’t because they think your orders are just non-flipper activity. If you buy/sell a small amount, then repeat when the first order is filled, you shift the same quantity with a lower chance of being noticed.

This site is useful, once you figure out what trade activity value works for you. A higher value means the item will flip faster, but profit per flip is lower. Go for high ROI over high profit per flip, at least until you have enough gold that it’s your time, not your gold, limiting how much you flip.

Flip common dyes. Look for the ones with a big spread between the lowest sale and highest buy orders. Right now, there are a slew of colors that you can buy for 35c or less and sell for 80c or more.

You won’t make 100s of gold in the dye market (too few dyes sold per hour and too many competitors), but it’s a great niche for learning to flip without too much risk.

Once you feel comfortable flipping fine dyes, you can switch to masterworks (same idea, requires less volume to make the same coin). And once you can do that with impunity, you are ready to move on and look for other markets, following the advice that others offered above:

• Diversity your investments; change your selected items.
• Do your research: price histories, compare the WTS/WTB prices, the supply/demand (and how volatile it might be), etc.

Good luck.

A classic piece of entrepreneurial advice: never commit more than you can afford to lose to a single investment. In other words, spread your purchases so if one goes sour you can still keep trading.

thaooo.5320:

Definitely works for us Aussies. Dunno about Americans, their 0 delay/lag might prevent that.

LOL. maybe cities lucky enough to be saved from Comcrap or TWCrap. Most of us have worse-than-third-world internet connections.
I can regularly get 4 or 5 clicks in. Maybe the ping is even worse for you?