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Thursday, 18 November 2010
Day 4 - Weekend Prep
So first off the Stats
So it was another good day for me today stock holding has gone up by another 1500g and my cash reserves are staying around the 600g mark.
Well one thing i can say is i am having trouble spending all my gold . This is a bit weird but i am bidding all all items worth under 1g and then selecting what other items to bid on .So i am not sure here if i should try spending more and increase my stock holding or just keep with what i am doing .
Plan for the weekend.
We even though the weekend is traditionally a buyers market if your items are listed cheapest then they will sell .So the aim today is the try and shift lots of stock and then invest in a large volume of low value items ready to sell at the weekend .
Great buys so far
Abyss Crystals - Managed to buy 20 of these at 8 g each and then resold for 11 g
Eternal Life - Once again 8 gold each and resold for 12g
So i would suggest look at the market on things newly listed and see if anyone is dumping there stock .
Working with Flippers ?
Well if your new to this then flipping a item is when you buy a item cheap and relist it for more .
So the question here is very simply how quick do you want a return on your gold and do you want the maximum return ? If you have a large stack of gold and you are happy to wait a week or more then you can get the price you want or if you just want to make quick buck and get the gold then this is a good strategy too .
So i am going to try this and see if i can shift some of my stock by selling below themarket price and make it attractive enough for a reseller to buy it
So hopefully i win lots more bids today and get closer to the 10k in stock level by the end of the week
Please leave a comment -
Am i missing out on something i am not doing ?
Is there a normal trade item i should try flipping ?