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Post by Browell 27/5/2013, 4:10 pm

So i'm still fairly new to the scene and trying to step up what I do and I am always wanting to learn more and more. This log is just me showing you guys what a complete amateur such as myself is doing/achieving and how and when I am messing up. Learn from my inevitable mistakes guys.

LAST UPDATED 01:00am GMT, 02/06/13

My current stack is 40M 50M 60M 70M 80M 90M 100M


Total Profit / Loss so far = 14557k (Rounded)
28.3M made from Clan events


27/05/13 711K Profit
Spoiler:


28/05/13 3592k Profit
Spoiler:

29/05/13 209k Profit
Spoiler:

31/05/13 2395k Profit
Spoiler:

01/06/13 5176K Profit
Spoiler:


02/06/13 2474K Profit
Spoiler:


Last edited by Browell on 2/6/2013, 12:04 am; edited 71 times in total
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Post by Browell 27/5/2013, 7:15 pm

I have been updating this periodically when i complete a flip.
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Post by celeritas0 27/5/2013, 7:31 pm

Were those 2 nex items you took a loss on instant-bought? A tip is that if you instant buy and weren't planning to, immediately put the item back in for the same minus a few gp. That way you know you have the lowest offer (i.e. the next to complete, unless someone puts another offer in even lower). Since in such cases either one made a mistake or the item is not doing what was expected.
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Post by Browell 27/5/2013, 7:42 pm

celeritas0 wrote:Were those 2 nex items you took a loss on instant-bought? A tip is that if you instant buy and weren't planning to, immediately put the item back in for the same minus a few gp. That way you know you have the lowest offer (i.e. the next to complete, unless someone puts another offer in even lower). Since in such cases either one made a mistake or the item is not doing what was expected.

Yeh they instant bought way over the current top price as i got Virtus and Pernix mixed up as the chat scrolled up in the dialog box in game.

So in future just lower what i accidentally paid for them by a few gp and they should hopefully sell? Because evne lowering by 50-100k didn't sell them hence such a drop, maybe i should of been patient and not panicked.
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Post by celeritas0 27/5/2013, 7:56 pm

Did you go 50-100 under immediately or only after trying to sell higher? If the former, then probably bad luck and you couldn't do anything about it either way. I would still recommend starting with a few gp though, because you're guaranteed the best offer that way, so no need to go even lower (unless you know that not only did you buy with the high, you bought with an unusually high high, so to speak Razz). If you waited, then immediately putting them back in for just under what you bought at would probably have avoided the loss.
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Post by Browell 27/5/2013, 8:01 pm

Yeh, i put them in under straight away I know i paid top end price form updates from fc's.
In future i will try wait it out for a couple of minutes and then put in just below the price I had bought for see if it makes any difference.

I have made that money back I lost now though so was just a learning curve.

Do you think the log is going okay so far celeritas0 following our discussion in the other thread earlier?
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Post by celeritas0 27/5/2013, 8:10 pm

nooo, don't wait, put it back in immediately. Waiting doesn't help unless you have reason to believe it's going to go up. You did it correctly then probably, just bad luck the price dropped below you. Ignore me, lol, sorry, just thought that might have been the problem and would help.

Sure, glad you're trying different things too, always good Smile
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Post by K ratos 27/5/2013, 8:34 pm

I think this is what a log should be like and should be about Smile

Logging your progress, drawing conclusions from them and learning from those.

I think the mentoring system would really suit you, so when you've been active in this clan for 2 weeks you should definately look into that!
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Post by Browell 27/5/2013, 11:42 pm

Thanks for the acknowledgment. I'm trying to show people what I am doing from taking in advice etc. see how I develop. Yeh I really would enjoy something like the mentoring system and I am trying to get more active on the forums now.
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Post by Browell 27/5/2013, 11:43 pm

Yeh, but I see where you were coming from celeritas0.

Just trying to do some less expensive items with big margins and some more expensive items with lesser margins, get some variety for the log and to find some items which suit me.
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Post by Browell 28/5/2013, 1:35 am

Final edit for the night done at 02:31am GMT.
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Post by Browell 28/5/2013, 8:20 am

UPDATED 09:20AM GMT
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Post by Browell 28/5/2013, 5:26 pm

UPDATED 18:23 GMT
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Post by Browell 1/6/2013, 10:56 am

UPDATED 11:55 GMT
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Post by Divine 1/6/2013, 11:54 am

+rep, you're improving fast Browell Smile Keep it up!
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Post by Browell 1/6/2013, 2:18 pm

[ADMIN] Divine wrote:+rep, you're improving fast Browell Smile Keep it up!

Thanks Divine, I am trying.
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Post by Browell 2/6/2013, 12:01 am

UPDATED 01:00am GMT
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Post by colombian 2/6/2013, 9:38 pm

good Job! keep up the hard work!
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Post by Browell 24/9/2013, 7:34 pm

So, I have been away a while, I have got a full time job now and have very little time left to play RS.

I am no trying to pop on from time to time but I think I will not have the time to pick up where I left off.

Goodluck to all you guys and I hope I can say hi every now and again.
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