Would like some TP flipping advice

Would like some TP flipping advice

in Players Helping Players

Posted by: Fireshade.5849

Fireshade.5849

Hey all. Some quick background: I’ve been working on sunrise for nearly 4 months now and I just don’t seem to have enough time to run dungeons, fractals, and silverwastes every day to make enough money to finish it off (only have lodestones and t6 mats left), so I have been trying to get into flipping TP these past few days. I’m providing that info because it seems the general consensus by gw2 players is that flippers are the scum of the earth.

Anyways, I put in some orders for various items, around 10 of each and I quickly found that one of the items that I had ordered was in high demand, and that I was making a decent profit from it. However after logging off and back on, it seems that all of my buy and sell orders have gone literally to the back of the list due to people undercutting by 1-5 copper each time. What do I do in this case? For the items that I’m selling, people are now selling at a lower price and there are maybe 50-100 items in front of me. Should I wait it out, or remove the item and relist it at a lower price? In that case the 15% tax would count twice right? (one for the previous sell order and when I put it up again). If I leave it up, should I expect that it will eventually sell after all the previous orders have sold, or will people be constantly undercutting? Also, for the buy orders, should I remove and relist them as well (due to undercutters also)?
Sorry for the long post. Just hoping to get some advice!

Would like some TP flipping advice

in Players Helping Players

Posted by: Silvatar.5379

Silvatar.5379

Well, I am not sure that playing the TP with meager funds and limited time is going to be the safest or fastest way to accomplish your goal but I will leave that for someone else to address. I would just suggest that you consider using your limited time to run a CoE path or two each day. You can get lodestone drops in there while netting profit from loot and rewards to eventually buy the T6 mats that you need (you can even get some T6 mats in the dungeon as well if you are lucky).

I was in the same boat you are in now…limited time and just needing lodstones and T6 for my Sunrise so I just ran p2/p3 almost daily.

Would like some TP flipping advice

in Players Helping Players

Posted by: Gilosean.3805

Gilosean.3805

Yeah, this happens. Usually because someone put too big a sell order in and there was time to undercut it.

When you can’t lose money or wait around, put small sell orders in. Never let people have a chance to undercut you. Also, keep an eye on the weekly cycle – often item prices fluctuate with workweek schedules. If you try to sell at a high point, you’ll need to wait until the market hits that high point again.

I’d wait for at least a week before trying to move my sell orders.

Also – playing the market isn’t a shortcut to wealth. It’s hard work and a lot of knowledge about the items you’re selling, the patterns of GW2 buying and selling habits, and keeping an eye on upcoming patches or new recipes. There used to be a forum for the economy but it got removed (why the dungeon forum stayed and BLTC went I will never understand), so people new to the TP are kinda SOL now. It’s a lot harder to get started.

Good luck!