Great question incoming from Jayhawk, which I believe many of you are getting stuck on:
"First off, thanks for the responses and featuring some of these on your blog....glad to know I'm asking the right questions.
are some indicators that you've picked a good market and related to
that, how do you know when a market has gone bad or at least is trending
A good market for me is if it sells fast. I'll usually start
with a small buy order (5 on non-stackable items, 10 for everything
else) and if they sell relatively fast (undercutting by a copper), then
I'll buy more. I use GWSpidy and GW2TP to see if there are many more buy
orders than sell orders but I don't know if that's what makes for a
good market? High demand with a relatively low supply would lead me to
believe they'd move quickly...and prices would go up if my economics are
When you recently mentioned moving stacks and stacks of an item, I
was astounded. Every time I acquire a lot of non-stackable armors,
weapons, whatever, they take a good deal of time to move and usually
require me having to "remove and re-list" (eating the 5% fee) despite
having undercut the lowest seller. Even the stackable crafting materials
and cooking ingredients I've gotten (iron boot lining and zucchini)
don't sell immediately, again, having sold them both for the lowest
Again, thanks for all your help, great blog.
I think I may have a little more patience when it comes to selling my
stacks. For me, stacks will never sell the same moment that the buy
orders are profitable. They sell later when the buy and sell orders
shift to the point where my pricing is a deal for the consumer. Does
that make sense? Fast flipping does work, but it is no where near as
profitable as large stacks (since you can then sell and buy in your
sleep over the course of hours instead of camping the trading post,
By having a knowledge of how high or low prices will end up for various markets, you can play over the course of days instead of hunting for profits in the next five minutes. When I buy a few thousand of an item that is going to make me 1-3 silver profit per item, there's no way in hell that's the scenario at the time that I'm buying them. Instead, I might actually be losing money to sell as soon as I buy! So what do I do? I know that the price is going to rise much higher and I list at that amount or I wait until I'm online and the price has gotten to that point.
I think that people are getting a little addicted to selling as soon as they buy an item, instead of cautiously listing at prices that are high now, but will be low in a few hours to a few days.