Stitch's Flipping Log
+2
Stitch
just
6 posters
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Stitch's Flipping Log
Hey, I'm Stitch! I'm an avid user of RS and love the SM community. Hopefully this log will let me see how I have progressed
WARNING: This log has become outdated, and therefore all spoilers are now corrupt, although I can assure you that when the post was made all evidence was real and present, and should be vouched for if necessary.
Starting Stack: 103M
Current stack: 120M
Cashpile goal by the end of my stay: 150M and 100+ flips
WARNING: This log has become outdated, and therefore all spoilers are now corrupt, although I can assure you that when the post was made all evidence was real and present, and should be vouched for if necessary.
Starting Stack: 103M
Current stack: 120M
Cashpile goal by the end of my stay: 150M and 100+ flips
For my own use:
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[u][b])[/b][*color=red][*/color] [/u] - [b] Profit ( % ) [/b]
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Update 23/10/2012:1) Frost Dragon Bones - 146,915 ( 1.44% ) Very fast as people were dumping from bxp.
Stitch's List
- Spoiler:
Armadyl Godsword - done
Green halloween mask - done
Virtus robe legs - done
Raw rocktails - done
Barrows set - done
Grimy torstol - done
Unicorn pouches - done
Dragon bolts (e) - done
Rune bars - done
Limpwurt roots - done
Stitch's List #2
- Spoiler:
Teak/Mahogany planks -done
Gold ore -done
Blood/Death/Soul rune -done
Any potion (or flask) 3,4 or 6 dose -done
Rubies (cut) -done
Fruitfall scrolls -done
Dharok's Greataxe -done
Infinity boots -done
Ganodermic flakes - done
Teleport to house - done
Stitch's Found Items
- Spoiler:
Dragonfire shield -done
Bandos godsword -done
Polypore staff -done
Clean snapdragon -done
Clean Avantoe -done
Torags Platebody -done
Regen bracelet -done
Dragon chainbody -done
Red chinchompas -done
Frost dragon bones -done
Stitch's Repeat items
- Spoiler:
Armadyl godsword - 3/3
Adamant bar -3/3
Runite ore - 3/3
Veracs helm - 3/3
Black dragonhide - 3/3
Rocktail (raw/cooked) - 3/3
Bandos chestplate - 3/3
Virtus robe legs - 3/3
Saradomin sword - 3/3
Investments
- Investment #1:
First Investment: Maple Seeds
Graph before I invested:
My buys:
Graph after the investment:
My sells:
Profit in Cash and %: 51,743gp (0.33%)
Comments:
This was my first ever attempt at a short term investment, and just like I suspected it went absolutely terribly :)I saw the graph movement and realised that they were at an all time low and was approaching its larger support levels, so I began to buy in. I initially set about to purchase just 500 just in case something went bad.
As the graph gradually started to decrease I began to worry a little. It began to rise by a small amount but by this time it only peaked at the price I had bought them for. So I waited for the next update, but they began to fall again, which is when I decided to just take the loss and learn from it.
Luckily enough they sold for just over a hundred more each than I bought them for, which would imply that they have started to rise again, but by this time the time, money and effort put in to it had already deemed it a failure for me.
- Investment #2:
Second Investment: Red Dragonhide
Graph before I invested:
My buys:
Graph after the investment:
My sells:
Profit in Cash and %: 4,000,000gp (5.83%)
Comments:This was a weird one. Successful, but weird. I set it up expecting it to last at least 3 days, my initial aim was to make 200gp profit from each hide and by the looks of the graph it was possible, but it should have taken longer. It was done in less than two! (bought up late on the 16th, sold up early on the 18th) As you can see, the graph never reached my buy price on its downfall, as it never updated to display my sell price either! (although if we waited a day or two, we might see that happen). I'm not complaining as it was a very quick 4M profit, I think I just got in at the right time when everybody was panicking about coming updates etc.
- Investment #3:
Third Investment: Armadyl Battlestaff
Graph before I invested:
My buys:
Graph after the investment:
My sells:
Profit in Cash and %:
11,548,374gp (26.4%)
Comments:
Very proud of myself for choosing this item to invest in over my holiday period. It enables me to come back in to the community and group with a bang
- Investment #4:
Fourth Investment: Blood Runes
Graph before I invested:
My buys:
50,000 @ 263gp ea
Graph after the investment:
My sells:
Profit in Cash and %:
2,950,990gp (22.44%)
Comments:
Although this seems like good profit; it isn't considering the amount of time I put in to it.
- Investment #5:
Fifth Investment: Nature Runes
Graph before I invested:
My buys:
50,000 @ 328 ea
Graph after the investment:
My sells:
Profit in Cash and %:
-2,334,451gp (-14.2%)
Comments:
These things went DOWN!?? What? I somehow managed to completely drop my profits massively due to this unexpected move. Oh well. Learn from our mistakes.
- Investment #6:
Sixth Investment: Water Runes
Graph before I invested:
My buys:
150,000 @ 29ea
Graph after the investment:
My sells:
Profit in Cash and %:
1,350,038gp (23.68%)
Comments:
Although there is a very small fluctuation in these prices, I was expecting a tad more from this update investment.
- Investment #7:
Seventh Investment: Law Runes
Graph before I invested:
My buys:
Graph after the investment:
My sells:
Profit in Cash and %:
1,491,882gp (19.89%)
Comments:
This one is not a bad investment considering it was a 1 limit merch.
Last edited by Stitch on 16/9/2014, 10:31 pm; edited 145 times in total
Re: Stitch's Flipping Log
Nice kick start. If these are some of your firsts flips... you're doing great. Now, one question, why are some of your flips censored? (eg: number 5)
Apart from that, good job!
Side note: If you get stuck when finding items, you can always ask me for one. http://www.smokinelite.com/t69132-omg-justhalp-i-need-itemz-to-flip-nao-you or in IRC.
Apart from that, good job!
Side note: If you get stuck when finding items, you can always ask me for one. http://www.smokinelite.com/t69132-omg-justhalp-i-need-itemz-to-flip-nao-you or in IRC.
just- Forum Master (1500 posts)
Re: Stitch's Flipping Log
they are censored because the other items are flips that will or have been posted in a previous number on the list. Number 5 censored the bcp flip in number 6 and vice versa
EDIT: thanks, but these are by no means my first flips, I joined quite late aha
EDIT: thanks, but these are by no means my first flips, I joined quite late aha
Re: Stitch's Flipping Log
stitch wrote:they are censored because the other items are flips that will or have been posted in a previous number on the list. Number 5 censored the bcp flip in number 6 and vice versa
EDIT: thanks, but these are by no means my first flips, I joined quite late aha
For me, first flips is the first 100 flips you do. xD.
just- Forum Master (1500 posts)
Re: Stitch's Flipping Log
Lol i agree but I flipped my way from nothing to this stack. I only found out about the mentee/mentor programme couple days ago so im working my way up
Re: Stitch's Flipping Log
UPDATED. I have a complete fail flip in my GE space. currently selling for a loss. day or two and they will sell. Ive covered the loss and more, but do you guys still want to see it? lol, its quite comical actually
Re: Stitch's Flipping Log
I'm glad to see you are experimenting with different items. The difference between a good merchant and a great merchant is the quality and variety of flips. I'm starting to see you as a great merchant. Keep up the solid work
Julian- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
Your list is as follows;
- Armadyl Godsword
- Green Halloween mask
- Virtus robe legs
- Raw rocktails
- Barrows set
- Grimy Torstol
- Unicorn pouches
- Dragon bolts (e)
- Rune bars
- Limpwurts
All of these must be completed in order for you to take the final test, a long with other requirements which you can find somewhere in our stickies / announcements
Best of luck!
PS: Dont forget to change the color, have it be red when not done, green/limegreen when done. Ty
- Armadyl Godsword
- Green Halloween mask
- Virtus robe legs
- Raw rocktails
- Barrows set
- Grimy Torstol
- Unicorn pouches
- Dragon bolts (e)
- Rune bars
- Limpwurts
All of these must be completed in order for you to take the final test, a long with other requirements which you can find somewhere in our stickies / announcements
Best of luck!
PS: Dont forget to change the color, have it be red when not done, green/limegreen when done. Ty
Cille- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
Hello Stitch. Looking over your log, I see that you have logged a decent number of flips spread across a good amount of item types/limits. So far I would say you are doing well in this group, but we must ensure you learn all that you can about 'Active' flipping before taking the big test and with that said, I have compiled a small list of items I would like to see you attempt along with the two I posed in the irc channel.
Teak/Mahogany Planks
Gold Ore
Blood/Death/Soul Runes
Any Potion/Flask (3, 4, or 6 dose)
Rubies (Cut)
Fruitfall Scrolls
Dharoks Greataxe
Infinity Boots
I look forward to seeing your continued progress and let me know if you need anything further
Teak/Mahogany Planks
Gold Ore
Blood/Death/Soul Runes
Any Potion/Flask (3, 4, or 6 dose)
Rubies (Cut)
Fruitfall Scrolls
Dharoks Greataxe
Infinity Boots
I look forward to seeing your continued progress and let me know if you need anything further
Gummy- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
Nice work on completing the list I provided you so quickly. Some of them provided pretty good percentages and not too bad on the profits on a good lot so well done I haven't personally seen you much lately, but your last update was on the 2nd and you were last seen in the irc channel on the 2nd so keep it up.
Gummy- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
Thanks for the motivation! Sorry about the recent down time, nearer christmas i'm getting closer and closer to deadlines in university, I am trying hard to make appearances though
Re: Stitch's Flipping Log
Could you please make 2 more lists, one with the items you have found yourself without help from mentors, and one with items you will complete 2-3 times which are also part of the requirement, next to the names on this list please put the number of times flipped it
Edit: They must all be different btw
Edit: They must all be different btw
Cille- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
Just a reminder for your homework. You were to read through the FC merchanting guide and flip a Bandos Chestplate and I believe an Armadyl Crossbow. You then have to find 3 items on your own adding up to 5 flips in total.
Julian- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
I like the variety in your flips. One thing that I'm sure you are realizing is that the more flips you get a day, the more profit you get (obviously). You may also notice that the items that have fluxuating margins are actually very profitable to flip. For example, DFS' and Polypore Staffs are all over the place due to the EOC. The profit/% are directly reflecting that. Use that to your advantage and you will be pleasantly surprised. Along with a lot of potential profit, comes potential danger, so be careful Good luck!
Julian- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
I see that you have last updated today, but you have not been in the irc for two weeks or longer which is a requirement for this group as often as possible. You have also now been ready for your next lesson for two weeks.
Hope to hear back from you soon.
Hope to hear back from you soon.
Gummy- Grandmaster (2000 posts)
Re: Stitch's Flipping Log
Your activity seems to be lacking, stitch. Last seen four days ago in the irc and only 1-2 items posted per day since the New Year and not even 1-2 everyday. I hope to see your activity pick up more noticeably so we can get you back on the track to graduation with all the knowledge we have to offer you.
Gummy- Grandmaster (2000 posts)
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