Guild Wars 2

Long story short, I self-taught myself with guides on how to make gold with TP flipping. I got excited and took a plunge, losing about 100g in the process

I can make that back in time, but I really would like to learn how to flip for profits. Could anyone point me to some good guides and resources? At the very least I want to break even.

I think you really need to learn it yourself. I asked the pros, and all they said is spreadsheet, using tools which list items for profit and try it yourself.

I dont’ want to do that, so I use the lazy man’s methods. There are a few items that have very low risk but will climb in price slowly. I buy those items, and when it get to 2-3 times profit I sell it and buy another items which have low risk and climb in price slowly.

The idea is if you have 1000 gold, and if you double that it become 2000, and if it double again it become 4000. Even though the process is slow, but I don’t need to actually invest in time to focus on playing the trading post. That being said, you need large capital for it to work.

Obviously the pros find items which climb in price fast so they can keep flipping.

Arikyali.5804:

Could anyone point me to some good guides and resources?

I do want to learn, but I’m going to need better resources than what I had, or going again blind. Mostly I wanted relevant guides or useful tools. A list of do’s and don’ts to remember when flipping. Other useful links for market TPs. Reddit guides. A basic ‘how to’ setup for spreadsheeting potential growth. Those kind of stuff.

I’m not asking for the Master’s secret handbook, just point me in the direction of writing my own handbook.

Well first thing, would be to start slowly. If you’re in the neighborhood of losing 100g you’re going the wrong way. Start with something much smaller then that, either less purchase orders or fewer items if you want to play with armor/weapons.
(I don’t have much time so can’t get more detailed, but didn’t want you to think you were being ignored)

I think gw2spidy, and some other site shows the potential profit for items. That is some thing you can use to search profitable items.

For spread sheet, I would suggest, googlesheet and use the gw2spidy API. https://github.com/rubensayshi/gw2spidy/wiki/API-v0.9

Eventhough many gw2spidy and many sites do it automatically. Sometimes it is better to have your own spreadsheet, because that’s say you want to craft something, it only shows the price where you buy the ingredient directly. And sometimes, it’s just easier to see things with your own spreadsheet.

Here’s a link where people discuss a site which shows goods which you can craft for money.

https://forum-en.gw2archive.eu/forum/game/crafting/Track-profitable-objects-for-crafting/first#post4493162

Would you mind detailing your current method? Maybe we can offer tips based on items for improvement.

If you haven’t, see if http://www.gw2spidy.com/ is a helpful resource for you. It’ll help with tracking the current market, at least.

I tend to use GW2TP.com rather than spidy because it updates faster, has the better graphs and also shows you ALL curent bids and listings of an item, not only the 20 or so lowest listings the TP shows you.

The only thing I use spidy for have been for crafting due to its feature of listing all recipes and profit margins for a given crafting mat.

But the website provided in the thread linked by Iaokoko has potential to be more efficient for crafting than spidy but its still a work in process.

There are 2 basic philosophies regarding flipping.

“Singles” and “Homeruns.”

In “Singles,” you take items that are hugely traded, and buy low and sell high. You may not make the greatest return, but there is remote risk. Use GW2TP.com to find these items.

Last week, Kale (a cooking ingredient) had a buy of 99 copper and a sell of 1.49 copper. After tax this is a 27% return, and as the low seller you got your money back quick.

The difficulty is finding these items.

A variant in this strategy is to observe the normal volatility in commonly traded items and to buy them when they hit their low point. Silk, for example, is cheapest about 4-5 hours before reset.

“Home Runs” is a different story. In this flipping strategy, you will not be trying to sell to the marginal buyer, but to the guy who buys hundreds or thousands of the item all at once.

This works for food, consumables, superior siege, and mystic forge related markets like major runes.

If you look at “Berzerkers Iron Greatsword of the Geomancer,” a lvl 80 masterword Greatsword you will see that the item typically has buy orders of 2-3 silver and sell orders of 3-4 silver. However, if you look at actual listings… You will see hundreds and hundreds listed for 6-10 silver. So if you were able to buy the item for 3 silver and list it for 8 silver… That’s a 226% profit.

The hundreds of listings in the high range are proof that sellers think that there exist buyers at this price range, but these sellers may have to wait a while to get their money back. These sellers aren’t selling to the new lvl 80 who needs a Greatsword, they want the money of the whale who can throw thousands of greatswords into the forge at once to generate rare greatswords.

Of course, miscalculate on this risky flipping strategy, and you are left holding orders for overpriced junk.

If you look at “Berzerkers Iron Greatsword of the Geomancer,” a lvl 80 masterword Greatsword you will see that the item typically has buy orders of 2-3 silver and sell orders of 3-4 silver. However, if you look at actual listings… You will see hundreds and hundreds listed for 6-10 silver. So if you were able to buy the item for 3 silver and list it for 8 silver… That’s a 226% profit.

Unless they are all mad and/or wishful thinking. Checking out the chart, I use gw2tp.com, someone comes along every so often and buys up a bunch at the 3-4s which leaves ones listing in the 6-7s range. If someone comes along at that point to sell one themselves and are not aware of this, they will undercut the current low bid by a copper or two, adding to those high listings. Eventually others come along and restore the price to it’s normal trading range of 3-4s while the 6-7s ones languish. Rince and repeat every 3-5 hours.

http://www.gw2tp.com/item/27535-berserkers-iron-greatsword-of-the-geomancer