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Received this email from someone wishing to remain anonymous. I believe they are three good questions, so here goes...
I have been reading your posts for quite a while now, and have also been successfully making some gold of it.
I do, however have some questions:
1 - Exotic flipping: In your video about exotic flipping, I understand everything up to the part in which you say that I should try to make the buy order at -25%. I simply don't understand who would sell the item for such a price. I haven't tried this yet because of this. I always try to understand what I do first before actually doing it. Also, what does a slow flip mean? What do I have to be prepared for - a week to wait for the buy order to come through, or just 2 days?
2 - Ascended Inscriptions - similarly to exotic items, ascended inscriptions are very expensive (30g and above). Can I follow the same procedure as in the exotics market?
3 - Any items - I mostly try to flip crafting materials, since I know this market quite well now. However, I am actually not so sure how to experiment in new markets. If I look at a post on your forums, which says flip [name removed] for levelers, I am mostly stuck at the following question: How much should I buy? Should I start with 1? Do I simply have to experiment with this, or is there a way of knowing by looking at the supply/demand?
That was it for now.
Thank you for your time."
3. Experimentation plays a big part, but you can have this general strategy:
Try flipping one. Then two, then five, etc. Notice whether the market moves quickly or slowly.