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holycannoli

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  1. :P Rather unfortunate =/ Also unfortunately I'm not a member any more so I have to do only f2p items :(
  2. I've returned because the markets are looking favorable again. :) Cowhides Now would be a decent time to buy. Get them at market mid, sell at max the next day. Don't count on a big rise - they didn't fall far enough for that, but then I've been wrong before. Big Bones Big bones are rising again as of today, so you can buy them and sell them shortly if you care to. I'm sticking with big bones and cowhides for now. My Status Stopped merching while cowhides and big bones fell, so I'm still at 1.8Mil. Spending it all on cowhides and big bones, will sell them tomorrow.
  3. As predicted, big bones have started to fall. If you couldn't sell unfortunately you lost out - it's probably better to hold onto them until the price goes up again than to sell them now and lose money. Cowhides have also started to slide: As soon as cowhides start to rise again, you'll want to buy at market medium. If you can't get them at med, buy at max - if you can't get and med it means that nobody is selling them at that price, and since they're sellign above mid. the price will be higher the next day. You'll make money even if you are forced to buy at max. I would try your hardest to buy at mid, though. I'm still at 1.8mil; waiting until cowhides start to level off, and I'm going to buy them right when they start to rise and hold until the price is high enough for me to make a really decent penny.
  4. haha you nutter :razz: We'll see where my goal goes, 10mil isn't high but the hard part for me is getting to that point. After that it's smooth rolling \:D/ I'll update the first post, it could use some updating lol
  5. Thanks mate :) I couldn't remember if I had done one of those or not in this thread. If I had, I don't remember doing it, and I didn't really feel like digging it up and editing it lol Time for an update on my investing status. Big Bones Big bones are rising. If you bought some yesterday, hold onto them. If you didn't, unfortunately it may be too late. You can try buying at market mid and selling at max before the price changes, but once people realize the price is going down, they'll start dumping their bones and you could lose money. My Status I'm at 1.8Mil at the moment. With just over 1.5mil (I spent some more haha) I made just over 250k buying and selling this morning. I did buy big bones, by the way - they proved to be decent for me. I only bought 1.5k of them, but I bought at mid and sold at max this afternoon. I'm buying 2.5k big bones at the moment, they should rise tomorrow judging by the graph.
  6. K, someone asked me for this so this should give a basic understanding of merching using the GE. It's important that you read this if you want to try your hand at merching using the ge, because merching has changed a lot since it's implementation. I'll impress you with some numbers showing how much you can make when we come to the chart for cowhides. The idea is to buy items while the price is low and sell them when the price is high. The price fluctuates for all items depending on the demand for those items. If there is high demand, the price goes up. If there is low demand, the price goes down. The way this works is by what items are selling for. If you can't get an item on the GE for market med., then there is a large demand and low supply. If you can buy it for market min., the supply is too high and the demand is too low. The price then drops. In order to make money, you need to buy an item at a lower price than what you can sell it for. This won't work if the price is going down - if you see the price is dropping, you should'nt buy. You should buy when it starts going up. That's key, by the way. Buy when the item starts going up in price. The price of items typically fluctuate in a normal pattern - up, down, up, down, and so on and so forth. So, how do you know when the price is rising and dropping? There's an easy way to do that. Watch The Charts Click Here and you will find the grand exchange guide. Click on an item and a price chart will appear. Basically, the graph shows the price of an item as it changes each day. The graphs are updated daily with the price changes for that day. Below you can see an example of one of these price charts. This is the chart for Adamant Armour Set (L). As you can see, the price chart shows rises and drops in price for the last 30 days. What you want to do it look at the price chart and see the price changes. The fluctuations here are quite small, so this is NOT a good item to invest in. Below you can see the price chart for cowhides as of today. Notice that the price has increased drastically. Would I buy cowhides right now? No. Look at the chart, how much it's risen. Eventually the bubble will burst and the price will drop. BUT, look at the fourth of January on the chart. You can see that the price has started to increase after leveling off. That is the correct time to buy. The price will stay the same for a day or more before rising after a price drop. You can see the price going down (yellow line - ignore the blue one) for the days leading up the January fourth. Then, the price stays the same for a day - see where the line is flat right before jan. 4th? You want to buy as soon as the price starts to rise. So what do you do? You buy cowhides at that crucial point. Or, buy whatever it is you're investing in. It doesn't matter what it is, really. Buy as many as you feel is safe. Do The Math I said I was going to try and impress you with numbers to show how profitable this can be, so here we go. On Jan. 4 cost 200GP Each. Let's say my name is Jim, and I have 10Mil to invest. I decide to buy cowhides on Jan 4. I buy them at the market medium price (200GP Each); I spend all 10Mil on cowhides. It is now the 14th of January, and my investment has turned out to be a good one. Cowhides are soaring (which is true - these charts aren't old, I copied them from the site as I was writing this). Now it comes time to sell my investment. The price is still rising, so i may be able to sell them at the market Max price. However, they don't sell (which means the price could drop soon), so I try market medium price. I manage to sell all of my cowhides at the market price as of Jan 14, which is 231GP Each. That is an increase of 15.5% using the real numbers from recent days. So how much did I make? Well, I invested 10Mil, so I made 15.5% on my investment. That equals about........1.5Mil?!? Indeed. Before you get too excited, though, notice that I invested 10Mil. What if I had only invested 1Mil? I would have made a meager 150k. If you've only got 1Mil, 150k is still significant, but you need to understand that in order to make big money as a merchant, you need to first acquire sufficient funds. Those who have money make money. I hope this helps you mate, if you've got any questions send me a message in game or make an account and post here and I'll answer as soon as I'm on. EDIT: P.S. I haven't made much progress in the last couple days, still at 1.6M. I made it up to 1.8 but I ended up spending the 200k I got on runes to get my magic lvl up a bit. Right now I'm investing in Big Bones, which I think should increase tomorrow. However, I'm selling tomorrow at max ge price.
  7. Sorry, I quit for a while. May not do any posts past this one, but I'm in the mood to do one now so here we go. The market has changed a reasonable amount since I was last here, but I started investing again two days ago for the first time since my last post and I'm up to 1.6mil. I hope to reach 2mil soon. The more money you have, the more you make. Cowhides Cowhides is currently the only thing I'm investing in, because I know it will be a safe investment. Of course, buy them at your own risk, but I've got all 1.6mil in cowhides right now and hopefully they'll go up tomorrow. I'm buying at market price and them immediately dumping them back onto the grand exchange tomorrow at MAX price. Don't buy anything you're investing in at less than market price - it pushes the price down. In my case it's insignificant because I'm only buying 1.6mil worth at 221 each, and the total trade volume for today is over 9mil. However, it's good practice to not buy anything below mid, simply because if everybody gets in the habit of it then investments will start to fail. I'm sure most of you don't remember me because a stopped posting way back in march. So, here's something to keep in mind while investing that I may or may not have posted and you may or may not have read: When you're buying something en masse, look for items which you can't immediately buy for market price, but you can buy at market price if you leave the offer up for a while. These tend to be good items. Not always, but often enough for me to think it worth mentioning. Why? People are impatient. Often when people want to buy something, they want to buy it fast. They'll go to the market and offer market price. When it doesn't fly, they'll immediately take their offer down and offer the maximum price. This is good for you, because all of these impatient people on every single server buying the item at max price over and over pushes up the price. And? It's selling at max price, so you'll be able to sell the items you bought very easily. Great success! A couple more things for those who are new to this. Watch the price charts (somewhere in this thread I'm sure I've posted about that, maybe on the first post). Follow price rises and drops. Don't buy an item if it's dropping, but it if the price is leveling off. Now, wait for it to start to rise before you buy. Only once - if it rises again you can still make money, but you're better off going with the first day of price rises. Then you're sure it will rise. Sometimes prices level off, then continue to drop instead of going back up. Lastly, watch the trade volume. "What? Trade volume? What's that?" It's actually pretty simple - it's the amount an item is being traded, and it updated daily. You can find it by going to the ge price charts page and clicking "view trade info" in the top right corner of the price change list (not of the page, of the price change list!). It isn't like the price changes - you get a value each day, not a chart. Watch the changes in volume, and you can see trends of buying and selling at work. Cowhides, for example, have a trade volume of over 9mil today. Yesterday it was 8mil - increase in sales means the price will most likely rise because the demand is higher. HOWEVER, watch out for clan merching. An item which is being clan merched can have a sudden increase in trade volume because everybody has been holding onto their items, and then they all dump at once. The price won't go up - it'll go down, because the exchange is now flooded with the item and they're being sold at market price or lower (because everybody wants their items to sell fast - selling below market price pushes the price down, and the investment flops). And that's all for now. Peace!
  8. Market Update Oak Logs Oak logs have gone down to 27 Gp Each which means you should watch for the price to level off. If it does, then you should start buying logs and put them on the GE at max price. This is a bit of a risky endeavor but the profit will be quite large if you can manage it. Cowhides Ah, cowhides. The ever popular cowhides...cowhides are like bagels. Anyways, they're high right now so don;t bother buying. However if you want to skim a bit of cash off the top, you can buy them for market price and sell them at the highest price. This should make you a bit of cash especially if you've got over 1Mil cash to play with. I've been doing it and I should be up to 1.3Mil when my next trade is completed - and I haven't been playing very much. Chaos Runes Chaos runes are on the rise, but don't expect them to go much higher. Yew Seed If you're a member then you should be buying as many yew seeds as you can get your hands on. But them at a little bit hgiher than market price and wait for three-to-five days until the price goes up (it should go up from 70.6k to 77k or higher) and then sell them at market price before the price levels off (when there is still some demand for them). Druidic mage bottom 0 You should be buying these for two reason: 1) The prict chart indicates that the price will rise, so buy them and sell them off in the near future 2) *They are being clan merched so the price will definitely increase. This means, however, that you have to sell yours earlier so that you're selling to the clan merchants - you want them to get stuck with them (they;re buying them out at maz price), not you, so sell when the demand is high. The dump price is 7k. *I do not believe clan merching is a good way to make money, so I am not participating in this. For the purpose of my merchanting experiment the profits will solely be from playing the market using natural increases and decreases in price. You, however, are free to do as you wish. Sicne the dump price on the Druidic mage bottoms 0 is 7k, you should sell at 6k. That're more than a 10% increase, plus you can hold it a bit longer if you want, and the price should increase quite quickly because of the clan merching. EDIT: Up to 1.3 Mil. Hopefully be up to 2Mil by the end of the week and then the increases will finally start spiralling upwards at a faster rate.
  9. Ello everybody, I have returned. I'm exhausted so there probably won't be a market update for a day or two. I'm up to 1186k right now, almost entirely from the investment project. I'm slowing down a bit on this because it's not a priority for me ATM, sorry but RL comes first, but I'll still be doing regular market updates and updates on what I've achieved. When I say slowing down I mean I'll be updating my trades less often and my market updates will probably be a bit more concise. Peace for now.
  10. lol no worries pink And thx! I think it helps, if I've helped one person then this blog will have been worth making. Also... I've got 1111k ATM.
  11. I can't say about the mask (I'm assuming that the price drop is for masks is good for you so hopefully it sticks for a while until you can buy your mask), but I'm fairly confident that yews will go back up. It might take two weeks, but yews have a pretty constant demand so I'd say the price should head back up. They usually work like clockwork - up, stablilze, down, stabilize, up, etc. In fact, judging from the graphs you've put up, it looks like they've stopped the drop and may start to rise already - it probably won't reach the price it was at this rise, unless something is really screwing with the prices (mass clan merching, for example). If the logs start to drop now, after the price has levelled off, then I might say you should worry a bit because it probably means people will be getting rid of all of their logs in a hurry since the price is going down (think of it like a stock market crash - prices go down so people panic and sell their stock, which only pushes the price down further). I can't say anything in stone because I've been wrong before, but I hope this was at least a bit helpful. :?
  12. First Milestone 1 Million GP I'm leaving for florida tomorrow so I may not be around for a few days. In case I'm not, peace. Update Cash before trade: 1050k (woo! 1 mil!) Purchases in progress: 9900 Cowhides, 106 Ea (Approx. 1049k) I fully expect to sell these for 112-115 or more. I'll put them on the Exchange at max price in case I leave before the price rises, though. Often you can sell cowhides at max price, so I generally buy my limit over the day at market price and then re-sell at max. It's not playing the market prices because it's far too short-term, but it works to a certain degree. I figured that now would be a good time to talk about making money. The first thing you have to know is that you need money to make money, or at least to make real money. You may have already guessed this based on my numbers. Let me put it in perspective with an example: 100k is not a whole lot to make in a day. If you invest 1Mil in something that is 100GP/Unit and then Resell those items when the price has risen at 110GP/Unit, you will have a profit margin of 10%. That's 100k. Now, this doesn't happen in a day. It happens over three-to-five days. Now it seems pretty low, doesn't it? So let me show you what I mean when I say "You need money to make money." This is a rule that's true here as much as it is in the real world - you can't make much money investing unless you invest lots of money. Think about it - you will almost never get a 100% return, so if you invest $1000 then you aren't going to make $2000. It's the same in RS. If you invest 1Mil, you won't make 1Mil with a single investment. However, if you invest 10Mil, suddenly that small 10% profit margin doesn't mean 100k anymore. Now you've made 1Mil in as little as two-to-five days. The trick is to persevere until you have enough money to make real money, and after than it's all uphill. It's a snowball effect. You invest 10Mil and you make 1Mil. You take your 11Mil, now, and you make 1.1Mil. When you reach 100Mil you'll be making 10Mil every two-to-five days. 100Mil seems pretty far fetched, but it's really not, especially if you're making between 1Mil and 5Mil every two-to-five days. This is the reason people get discouraged when they try to merchant here on RS - if you make your first 1Mil and you're so escited that you spend it, then you've screwed up, because you've probably spent it on something hard to sell like Trimmed Armour and you're going to lose money on it. If you've only got 1Mil to play with, like I've got now, it will be difficult to make back any losses you might incur. The simplest thing is to just hold on to your money and resist the temptation to spend it until you can snowball it into at least 10Mil. If you've made it to 10Mil, then spend 1Mil; 9Mil will still return 900k on a 10% increase. Anyways, that's my piece. I'll write another little bit shorty about what to do when you've got lots of money to invest with, probably when I've passed the 5Mil mark (which isn't a huge amount but it will give you a good picture of some Do's and Don'ts. Have a great march break everybody (if you live somewhere you have march break right now, possibly reading week). Peace.
  13. Unfortunately it didn't turn out very well. I was able to make about 40k, but in order to sell the rest of the ashes I had to lower the price to 3gp. It might work if I purcased for 2gp ea when market price was only 3gp ea, but I doubt it would be that simple. I wish it had turned out, but unfortunately it did not. However...feathers sell quite easily, so I made be experiment with feathers soon. Anyways... Update Cash before purchase: 940k (only 60k!) Purchase in progress: 8951 cowhides, Approx. 940k gp, 105 each Expected to sell for 111-115 each I should have over the first Mil when this is done!
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