Start up Log
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Start up Log
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 is40M 50M 60M 70M 80M 90M 100M
Total Profit / Loss so far = 14557k (Rounded)
28.3M made from Clan events
27/05/13 711K Profit
28/05/13 3592k Profit
29/05/13 209k Profit
31/05/13 2395k Profit
01/06/13 5176K Profit
02/06/13 2474K Profit
LAST UPDATED 01:00am GMT, 02/06/13
My current stack is
Total Profit / Loss so far = 14557k (Rounded)
28.3M made from Clan events
27/05/13 711K Profit
- Spoiler:
1) Arcane Spirit Shield 200K Profit
100k Profit
2) Bandos Gloves 100K Profit
3) Saradomin Whisper 50K Profit
This item wouldn't sell for my expected tolerences so I sold it for a 50k profit but that is better than a 50k loss
4) Bandos Tassets 150K Profit
5) Pernix Boots 395k LOSS
I won't blame anyone but me, I must of misread what "Nex and SS" fc were saying about Pernix items and bought high, this resulted in me losing money on this item, all my work on other items gone out of the window.
6) Pernix Cowl 299k LOSS
Same mistake as item #5 I am not reading the FC's properly I have found them confusing in my first few hours of use, as things are constantly being updated and different items entered it is easy to mistake one item for another.
7) Mahogany Planks 212k Profit
219k Profit
8) Spectral Spirit Shield 199k Profit
9) Frost Dragon Bones 175k Profit (rounded)
Was literally a 2minute flip.
28/05/13 3592k Profit
- Spoiler:
- 1) Bandos Gloves 100k Profit
Another 100k profit on these, wouldnt sell at 3850k so I dropped to 3800k and they instantly sold.
100k Profit
32k Profit
It deemed hard to shift the gloves this time, the buy price had increased and this reflected a smaller yield in profit, I gave them a go in the hope that the sell price had also shifted upwards but it had not.
2) Bandos Tassets 150K Profit
150k Profit
178k Profit
3) Mahogany Plank 156k Profit
100k Profit
They dried up on buying half way through a 4,000 amount, but the planks I had gained sold for my top price immeidately
4) Spectral Spirit Shield 124k Profit
Took longer than previous shield, put down to flipping at 02:30am GMT.
50k Profit
Margins dropped off on this again, still 50k profit is better than any loss
5) Frost Dragon Bones 175k Profit
This flip of frosts was more difficult the margin was around 350gp when I bought then rapidly dropped so put in for a lower price and they sold above this to yield 175k, took around 15-20mins for this flip at 01:00 GMT time.
6) Bandos Chestplate 250k Profit
Slow bought at 9,150k, instant sold really at 9400k could of maybe squeezed another 100k if i was going to wait a bit longer.
250K Profit
245K Profit
This was literally a 5minute flip on this item once I had found the correct price ranges.
7) Armadyl Chainshirt 250k Profit
190k Profit
190k Profit
8) Armadyl Helm 162k Profit
Took a while about 30mins but made money.
190k Profit
9) Armadyl Gloves 200k Profit
Similarly to item #12 took about 30mins both bought and sold at the same time.
10) Armadyl Chestplate 150k Profit
11) Gloves of Subjugation 200k Profit
29/05/13 209k Profit
- Spoiler:
Bandos Chestplate 150k Profit
Frost Dragon Bones 69k Profit
31/05/13 2395k Profit
- Spoiler:
Armadyl Chestplate 600k Profit
Armadyl Chainskirt 750k Profit
Bandos Helmet 200K Profit
Bandos Chestplate 140K Profit
Bandos Tassets 255K Profit
Frost Dragon Bones 350K Profit
Mahogany Plank 100K Profit
01/06/13 5176K Profit
- Spoiler:
Arcane Spirit Shield 300k Profit
Armadyl Chestplate 350K Profit
275K Profit
300K Profit
Armadyl Chainskirt 350K Profit
300K Profit
300K Profit
Armadyl Helm 330K Profit
350K Profit
Bandos Chestplate 170K Profit
275K Profit
Bandos Tassets 250K Profit
235K Profit
Bandos Helmet 249K Profit
76K Profit
Bandos Gloves 150K Profit
Frost Dragon Bones 122K Profit
Green Dragon Leather 106K Profit
Torstol Seed 336K Profit
352K Profit
02/06/13 2474K Profit
- Spoiler:
Armadyl Chestlpate 225K Profit
Armadyl Chainskirt 200K Profit
Arcane Spirit Shield 450K Profit
Bandos Chestplate 300K Profit
Off-Hand Drygore Mace 200K Profit
Off-hand Drygore Rapier 399K Profit
Virtus Book 600K Profit
Virtus Book (2) 100K Profit
The price ranges changed from the previous Virtus book, I didn't realise the buy was 5/4hr since it was my first time flipping this item.
Last edited by Browell on 2/6/2013, 12:04 am; edited 71 times in total
Browell- Tier 1 (Registered)
Re: Start up Log
I have been updating this periodically when i complete a flip.
Browell- Tier 1 (Registered)
Re: Start up Log
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.
celeritas0- Tier 4 (500 posts)
Re: Start up Log
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.
Browell- Tier 1 (Registered)
Re: Start up Log
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 ). If you waited, then immediately putting them back in for just under what you bought at would probably have avoided the loss.
celeritas0- Tier 4 (500 posts)
Re: Start up Log
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?
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?
Browell- Tier 1 (Registered)
Re: Start up Log
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
Sure, glad you're trying different things too, always good
celeritas0- Tier 4 (500 posts)
Re: Start up Log
I think this is what a log should be like and should be about
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!
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!
K ratos- Forum Addict (750 posts)
Re: Start up Log
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.
Browell- Tier 1 (Registered)
Re: Start up Log
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.
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.
Browell- Tier 1 (Registered)
Re: Start up Log
[ADMIN] Divine wrote:+rep, you're improving fast Browell Keep it up!
Thanks Divine, I am trying.
Browell- Tier 1 (Registered)
Re: Start up Log
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.
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.
Browell- Tier 1 (Registered)
Similar topics
» The start
» Fresh start
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» Fresh start
» Easy start up
» Minecraft 1.7 What do you want to see? Are you going to start playing again?
» How to start making more miney through flipping?
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