Trading Post = Stock Market

Trading Post = Stock Market

in Black Lion Trading Co

Posted by: phalaris.5134

phalaris.5134

Hey folks,…

Many of you were wondering how to make a decent amount of gold in a short period of time, since so many prices went straight through the roof.

The website http://www.gw2spidy.com is a big blessing for those who can read, understand and work with tables and price predictions.

Simple Stock market! Simple maths!

Once you have some gold, invest it, sell, buy and resell.

You can make a whole bunch of gold, however, the ethical point of view is a totally different one; yet better than botting or buying gold with real $$$ on 3rd party websites.

Trading Post = Stock Market

in Black Lion Trading Co

Posted by: Smooth Penguin.5294

Smooth Penguin.5294

To add to this, there are built in mechanics that slow down flipping (i.e. TP listing fees). Please understand that if you purchase an item to resell, factor in the fees associated with the sale. I believe it’s about 10% of the value of the item being sold. So any price point above that 10% is pure profit.

In GW2, Trading Post plays you!

Trading Post = Stock Market

in Black Lion Trading Co

Posted by: Mandar.9813

Mandar.9813

To add to this, there are built in mechanics that slow down flipping (i.e. TP listing fees). Please understand that if you purchase an item to resell, factor in the fees associated with the sale. I believe it’s about 10% of the value of the item being sold. So any price point above that 10% is pure profit.

A total of 15%. 10% tax if it is sold, 5% non-refundable listing fee. So think smart about your listing price, and don’t make a constant habit of removing and re-listing or you lose that 5% each time.

Your Resident Devil’s Advocate

Trading Post = Stock Market

in Black Lion Trading Co

Posted by: Smooth Penguin.5294

Smooth Penguin.5294

To add to this, there are built in mechanics that slow down flipping (i.e. TP listing fees). Please understand that if you purchase an item to resell, factor in the fees associated with the sale. I believe it’s about 10% of the value of the item being sold. So any price point above that 10% is pure profit.

A total of 15%. 10% tax if it is sold, 5% non-refundable listing fee. So think smart about your listing price, and don’t make a constant habit of removing and re-listing or you lose that 5% each time.

Thanks for the follow up. I was just guestimating the percentages.

In GW2, Trading Post plays you!

Trading Post = Stock Market

in Black Lion Trading Co

Posted by: phalaris.5134

phalaris.5134

Correct Mandar!

Seems like we have the same ideas! I just saw your Beginners guide, which is actually an advanced one! I just didn’t want to write the whole story how to, would’ve been a very long story and you scratched with your post the surface of that topic anyway.

Love that one.

Anyhow, good luck fellas.