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I Spend 20,000 Silver Per Day On...

Recently I had an email from someone who wanted to know if they were on the right "path" with the guild wars 2 trading post. He asked me to point him on the right path if his current ideas weren't the right way to play the marketplace.

It went something like this:

"I buy 20,000 of item X every day and make a three copper per transaction.

I buy a dozen of item Y every day and make 20 silver per transaction.

I buy a few of item Z every day and make 5 silver per transaction.

But I can't seem to find the perfect market to play that could earn me great money."

Do you think that he is playing the trading post correctly? Is he on the right "path"?

Absolutely! But what he doesn't realize is why he's doing so well. The reason for his success is due to the fact that he plays more than one market. Any one day, Item Z could absolutely flop, but there he goes playing X and Y to more than make up for his losses. The right "path" for him to follow is to continue finding similar markets that are consistently profitable, as well as fine tuning the ones he already uses.

Suddenly, this player will have a portfolio of successful markets. Same goes for playing the stock market. You manipulate individual stocks, but you also use them to build a mighty portfolio.

5 comments:

  1. Anonymous said...:

    I'm not good at math to begin with but this does not make sense to me. For example if bought 20,000 of Item X @43 copper that would cost 8.6 gold, if I turn around and sell all of it @46 copper that would yield 9.2 gold for a profit of 51 silver after listing fees. 20,000 Items would use up 80 slots of storage at a stack each.

    Seems like a lot of work for 51 silver profit. What am I missing here?

  1. Anonymous said...:

    Your buy/sell orders in your example aren't far enough apart--you'd actually lose money at that rate. Also, he says he's making 3c per transaction, which I assume means after all taxes he's 3c richer per item. So, re-doing the math:

    14c Buy Order x 20,000 = 28g00s00c
    20c Sell Order x 20,000 = 40g00s00c
    10% Tax = 4g00s00c
    5% Listing Fee = 2g00s00c
    Total Profit = 40g - 28g - 4g - 2g = 6g

    So, yeah, he's going through 80 stacks, but each stack is making him 7.50silver richer.

  1. Anonymous said...:

    Buy 20.000 items for 43
    Sell 20.000 items for 46
    Listing Fee is 46000
    Sale Fee is 92000
    Loss of 78000 (-8,5%)

  1. Markco said...:

    Ok guys I appreciate the fact that you can do math. However, he's talking about profit AFTER fees. So he's selling them for enough to make 3 copper after listing and sales fees are removed.

    I should have phrased it better I guess.

  1. Anonymous said...:

    I have followed this blog quite some time now and have tried some really nice short-term money making tips.

    However, I figured that I can easily make 5~10g in 35~40 minutes of my time without the trading post. The time I'd spend on the trading post usually takes way longer and sometimes yields less money, since uncountable numbers of people are playing with the trading post.

    Also, once I reached a certain amount of money (100g+), I feel like either the invest-earn ratio is too low, as I invest in higher value gears which are not that often resold and thus are usually always flipable with a bit of time but not that much profit either, or it'd take me AGES to invest my money on items that yield me proper profit but are also usually flipped by many, which would again lead me not to play on the TP anymore.

    Usually I love playing the markets, and in real life I'm happy for every cent I make, however, after some time and a specific amount of money, it's way too slow for me in the game imo.

    I'd love to hear some opinions, or your - Markco's - opinion on high-end reselling. I have read your post about flipping exotics, but the margin is very narrow already.

    Also, speculating and predicting future changes is very risky and hard.

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