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Lil_me's Merchanting Diary

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Lil_me's Merchanting Diary Empty Lil_me's Merchanting Diary

Post by lil_me 29/7/2013, 8:06 am

Lil_me's Merchanting Diary



Overview
Hey guys! Some of you may have noticed my merchanting log here and I will still be continuing to update this, but I wanted to make this to help others understand or learn why I choose the items/methods I choose with hopes that they can apply these and profit as well Very Happy. I am unfortunately busy these upcoming days, I just wanted to get this ready to update Smile

Week #1 - 4 Updates:

Week #2 - 3 Updates:


Week #3 Sept 8th-14th:


Week #4 - 4 updates:

Week #5 - 4 updates:


Week #6 - 4 Updates:

Week #7:


Last edited by lil_me on 18/11/2013, 11:39 am; edited 44 times in total
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Post by lil_me 30/7/2013, 8:00 am

week#8:


Starting Total Merchantable Bank:~1700M
Ending Total Merchantable Bank:

Weekly summary -

Date: Nov 20th

1 - Merciless Kiteshield - -99,666k - -36.9%
Let this be a warning to those who want to flip the newest gear. DO NOT attempt to flip them overnight on the day they come out. They are too unstable, and I was blinded by possible profit to realise that shields aren't as popular as they used to be.
Spoiler:

2 - Seismic Singularity - -50,000k - -5.8%
Another lesson, the vorago cycle changes every week, sometimes for better sometimes for worse. Obviously this week was for wrose as I lost a good chunk of my cash pile. Even throughout the week the price of seismic singularity dropped around 200m. Even though many of us at smokin mils post nothing but profits we are still human and make mistakes.
Spoiler:


3 - Merciless kiteshiled - 3,000k - 1.8%
So now it's time to make profit. Having just sold the shield where I lost 100m, I now had a good idea of the low price for the shield and I immediately put a buy offer in for a little bit above. It rather quickly bought but now that I'm awake and actively flipping I watched the prices and made some of my money back.
Spoiler:

4 - Malevolent kiteshield - 10,000k - 7.4%
At this point the new armours are high risk, high reward. Now is the time for rewards. I stayed in the '90 gear pc' fc and kept watching for updates and jumped on an item that was recently dipped in price, or atleast more than usual. This one paid off rather quickly and quite well.
Spoiler:


5 - Malevolent helm - 1,600k - 3.2%
Now that I'm active I could check each and every update and sink my teeth into the items that made me lose a chunk of my bank. This item took a bit longer than the shields, I guess people were more interested in them, and while it was less profit than the shields I needed to burn off some time so my 4h limit would be reset and I had 6 ge slots to fill.
Spoiler:

6 - Merciless Kiteshield - 1,000k - 0.5%
I had to sell this off early, I was about to go to bed and I did not want to hang on to this overnight again. The best way to learn is through mistakes, and that is one I'll never make again.
Spoiler:

The days review - Well.... this is awkward, but I believe you guys can learn more from others' mistakes as well as your own.

Date:Nov 22nd

1 - Vengeful kiteshield - 1,156k - 1.8%
I started off the day by accidentally instantly buying this....great. However I stuck with it, knowing that these are volatile and unstable, I put the sell offer a little above the accident buy price and managed to sell it back rather quickly. I sacrificed more profit in order to get the comfort of getting that mistake out of my hands.
Spoiler:

2 - Malevolent kiteshield - 5,000k - 3.8%
Back to the cycle of shields, I kept flipping whenever my 1/4h limit reset and not going afk for too long while holding it. I was actually working on a lab report so I could stay by the laptop and keep an eye on things.
Spoiler:


3 - Steadfast boots - 1,629k - 1.1%
going back to something I'm familiar with in order to make profit. These boots I know to be stable and fast so it's something I regularly go back to for comfort.
Spoiler:

4 - Red h'ween mask - 3,200k - 0.8%
I was monitering Merchz live graphs because they also had updates for the 90 gear pc items and I noticed the rares were updated recently. This was the best time to invest since I had a very good idea of the prices. Usually rares give me some hassle but I guess the lvl 90 gear took that role.
Spoiler:

5 - Adamant Bar - 3,887k - 8.8%
This week Billious' group had a f2p only merchanting competition (no rares) and I picked addy bars because they are high volume and usually they are stable but for a reason beyond my knowledge they went up, which is why I don't have a full limit.
Spoiler:

6 - Malevolent cuirass - 3,110k - 2.4%
Having luck with the helm I tried the legs of the new armour. I was nervous at first because after I bought it the updates got lower for a few minutes, but it jumped back up (thank guthix)
Spoiler:

The days review - Mixing up the items I'm making my money back, slowly but surely. I am getting more comfortable with these new items though.

Date:Nov 23rd

1 - Merciless kiteshield - 5,000k - 3.7%
Back to the main culprit for my vengeance, I got right back into flipping the shields once I got a start to my day. Keep watching for recent updates.
Spoiler:

2 - Seismic singularity - 10,652k - 1.5%
I was nervous to try this item again, but it dipped so incredibly fast I could give it up. While this item was on its violent nose dive it did have periods where it rose again and thats something to keep in mind with crashing items, HIGH RISK HIGH REWARD.
Spoiler:


3 - Ragefire boots - 4,420k - 5.1%
I pc'd this before I went to bed the night before and noticed its margin was below mid. 'Strange', I thought. So i put an offer in for 20 over night and let them sell in the afternoon (it rose above mid Wink ). I was more comfortable to let this go overnight because these are more stable than the other items I have been flipping.
Spoiler:

4 - Vengeful kiteshield - 1,500k - 2.5%
Getting back into the swing of things I put an offer in for the third shield, also the lowest since I wanted some variety. This one was being relatively stable so it was a good opportunity to flip it.
Spoiler:

5 - Malevolent Kiteshield - 4,453k - 4.0%
This was an accidental instant buy, the prices hadn't been updated. I stuck with it and it paid off in the end but I was tense and nervous that I would lose out on some more money.
Spoiler:

6 - Dragon Chainbody - 756k - 3.5%
Finishing off this week with a familiar item. It's good to have a core set of items that stay stable and can be quickly flipped for cash.
Spoiler:
for my use:


Last edited by lil_me on 25/11/2013, 5:26 pm; edited 2 times in total
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Post by lil_me 2/8/2013, 6:27 am

Update for August 2nd
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Post by lil_me 5/8/2013, 5:06 am

last update for the week.
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Post by Kelly 7/8/2013, 12:11 pm

Looking forward to rating your diary this week (with Gummy and Billious of course) Smile But just some input now that might help...

Real good start so far, but the educational value of it is in need of some improvements I reckon, explain why you did certain flips, what makes them good, some tips/suggestions that could help people flipping the same items, heck even include the FC you used or maybe what was going through your head. These things help those who are newer to merchanting and viewing your diary to improve, themselves Very Happy

Great flips though Razz!
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Post by lil_me 19/8/2013, 12:16 am

another update, sorry for keeping you waiting Sad
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Post by lil_me 21/8/2013, 5:17 pm

another update for August 21st. 1 more till it gets rated :p
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Post by lil_me 10/9/2013, 4:21 am

back from inactivity i give you an update Very Happy
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Post by lil_me 14/9/2013, 4:10 am

another update. featuring a 50m profit on a week long investment Very Happy
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Post by lil_me 15/9/2013, 4:36 am

yet another update, did my first partyhat flip. Do people even read these anymore? or am I just secretly reserving this post for extra updates.
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Post by lil_me 18/9/2013, 9:12 pm

finished up last week and added a new entry for today Smile
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Post by lil_me 21/9/2013, 3:13 am

another update for september 20th, hope to have a nice surprise for everyone tomorrow Surprised
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Post by lil_me 21/9/2013, 10:56 pm

Another update, comes with another phat flip.
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Post by lil_me 29/9/2013, 6:30 am

updated for september 28th.
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Post by lil_me 3/10/2013, 4:30 am

update for october 2nd!
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Post by lil_me 7/10/2013, 4:49 am

Final update for the week today Smile
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Post by lil_me 17/10/2013, 6:24 am

update for Oct 16th. starting a new week.
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Post by lil_me 21/10/2013, 4:16 am

updated, got some good flips up thar :p
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Post by lil_me 7/11/2013, 8:47 am

This update brought to you by the end of round 1 of midterms Very Happy
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Post by lil_me 10/11/2013, 6:40 am

another update for nov 9th
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Post by lil_me 25/11/2013, 10:27 pm

updated for Nov 18th-23rd. Doing things a little differently.
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