Flipping

[Nifflin]

Can someone explain how to flip to me? I understand the concept, but it would be really appreciated to know what items work best along with what range to buy and sell in. I have around 20m to work with.

[gremmy]

You buy for 2-5 % under medium price, then sell at just below medium price. It's that simple - as for items.. Anything really.. Slayer drops, barrows items, gwd items, tt items, sets, seeds, logs, ores, runes, arrows, bolts.. As long as they're not on any extreme rise or fall.

 

Good luck.

[Nifflin]

You buy for 2-5 % under medium price, then sell at just below medium price. It's that simple - as for items.. Anything really.. Slayer drops, barrows items, gwd items, tt items, sets, seeds, logs, ores, runes, arrows, bolts.. As long as they're not on any extreme rise or fall.

 

Good luck.

 

Thanks, so whats a pretty steady item to flip then?

[Sir_Kurity]

Not going to give you my items, but generally speaking TT items have high profit margins.

[Nifflin]

Not going to give you my items, but generally speaking TT items have high profit margins.

 

The more stable ones I'm guessing. Like lower level (t) and (g) armors?

[Nifflin]

Am going to try some black (g) before going off for the night. Will report results.

[Nifflin]

Managed to buy some, but I guess my offer at 2.5% below med was too low. Either that or not enough volume was traded. Managed to get a good number of rune full helms at 2.5% below med. Selling now, will post results.

 

If anyone has tips, please, I would love help.

[Sir_Kurity]

Familiarize yourself with buy limits.

 

http://runescape.wikia.com/wiki/Grand_Exchange

 

-For example, every 4 hours you may only buy 10000 swordfish, and you can only sell 4 hours after you buy your first swordfish.

-So, if you buy 10k swordfish at 12, you can only sell it again at 4.

-If i buy 20k swordfish at 12, 10k will buy at ~12ish, 10k will buy at ~4ish, and you will only be able to sell at ~8ish.

 

So if you stop playing at 8pm and want to sell in the morning, you will want to buy no more than about 3 times your buy limit, so items like black g royally blow if you have more than 10 mill, because the buy limit is far too limiting.

 

Also there are no sell limits (outside the 4 hour buy/sell limit)

[Assume Nothing]

I don't flip anymore, but from my experiences;

 

Barrows, worth roughly 1m-2m work best. They bought very near med, and sold near max, and were pretty safe. That was when they were rising 2.5% a day for a period, crashed a bit and rose back up again. Not sure if that is still possible today.

 

There are a few methods of flipping.

 

Flipping

 

Basically buy a steady rising, unhoarded item for slightly above med price. 10-15k above med is good for items worth roughly 1m. Up to 30k for items worth 2m.

 

This works for these items ONLY when they are rising;

 

Archers' Ring

Ahrim's Robetop

Verac's Plateskirt

Torag's Platelegs

Dharok's Platelegs

Torag's Platebody

 

There are other items I'm sure, but I am most familiar with those.

 

Reverse Flipping

 

Pretty much the same thing, except your goal should be to buy as near to minimum as possible, but the item must be in some kind of demand. The above items used to work pretty well. The concept - You buy near min, it does take around 30 seconds to get one, and it has some form of demand and will sell slightly under med price. This is slightly more risky, depending on the item. But you're pretty safe if you do one offer at minimum to see if it buys instantly anyways.

 

You can adjust your prices to suit your patience. I used to have low patience, and sacrificed a bit of profit.

 

With 20m, you can earn roughly 5%-10% a day using either method. (You should be flipping at least twice a day with that kind of cashpile) You should also use the Swiftirc bot "GrandExchange" to track when the GE last updated. It usually updates within 23-30 hours, and it can't update for 10 hours if a GE update has just occured. This is useful to know because if you're reverse flipping, the GE price will change, which might lower your profits. You can also use this to your advantage in normal flipping, because if the item is on a steady rise (2% or so), then the GE price will increase with the update.

 

You should also understand graphs. Just look at the thirty day graph, and track whether the percentages is going UP or DOWN. If Verac's Plateskirt was rising say, 2.5% today and 2.2% tomorrow, wait for it to drop. These are almost always sure signs that they are about to plummet.

 

Also, you should sometimes be in World 2, watching what kind of SELL and BUY offers are being made for barrows items. You can usually spot a sharp fall if you see panic selling, but you should always trade them to make sure it's a legitimate claim, since World 2 is prone to Price Manipulation (acting desperate to sell or buy, not with a clan)

 

Well, that's the basics of flipping.

 

Also - you should note that Reverse flipping can sometimes be extra good, and rise on the day you bought the item for minimum. A bonus

 

Hope this helps, I guess

[Nifflin]

I don't flip anymore, but from my experiences;

 

Barrows, worth roughly 1m-2m work best. They bought very near med, and sold near max, and were pretty safe. That was when they were rising 2.5% a day for a period, crashed a bit and rose back up again. Not sure if that is still possible today.

 

There are a few methods of flipping.

 

Flipping

 

Basically buy a steady rising, unhoarded item for slightly above med price. 10-15k above med is good for items worth roughly 1m. Up to 30k for items worth 2m.

 

This works for these items ONLY when they are rising;

 

Archers' Ring

Ahrim's Robetop

Verac's Plateskirt

Torag's Platelegs

Dharok's Platelegs

Torag's Platebody

 

There are other items I'm sure, but I am most familiar with those.

 

Reverse Flipping

 

Pretty much the same thing, except your goal should be to buy as near to minimum as possible, but the item must be in some kind of demand. The above items used to work pretty well. The concept - You buy near min, it does take around 30 seconds to get one, and it has some form of demand and will sell slightly under med price. This is slightly more risky, depending on the item. But you're pretty safe if you do one offer at minimum to see if it buys instantly anyways.

 

You can adjust your prices to suit your patience. I used to have low patience, and sacrificed a bit of profit.

 

With 20m, you can earn roughly 5%-10% a day using either method. (You should be flipping at least twice a day with that kind of cashpile) You should also use the Swiftirc bot "GrandExchange" to track when the GE last updated. It usually updates within 23-30 hours, and it can't update for 10 hours if a GE update has just occured. This is useful to know because if you're reverse flipping, the GE price will change, which might lower your profits. You can also use this to your advantage in normal flipping, because if the item is on a steady rise (2% or so), then the GE price will increase with the update.

 

You should also understand graphs. Just look at the thirty day graph, and track whether the percentages is going UP or DOWN. If Verac's Plateskirt was rising say, 2.5% today and 2.2% tomorrow, wait for it to drop. These are almost always sure signs that they are about to plummet.

 

Also, you should sometimes be in World 2, watching what kind of SELL and BUY offers are being made for barrows items. You can usually spot a sharp fall if you see panic selling, but you should always trade them to make sure it's a legitimate claim, since World 2 is prone to Price Manipulation (acting desperate to sell or buy, not with a clan)

 

Well, that's the basics of flipping.

 

Also - you should note that Reverse flipping can sometimes be extra good, and rise on the day you bought the item for minimum. A bonus

 

Hope this helps, I guess

 

Amazing, this is just what I needed. Thanks for taking the time to help me.