forums.rs

Forums

Item Discussion Chat Lounge Thread is sticky

Quick find code: 17-18-960-66174184

of 214
Tranquilty

Tranquilty

Posts: 13,925 Opal Posts by user Forum Profile RuneMetrics Profile
I came up with a quick guide to trading person-to-person (6 easy steps) after high demand to do so:

1) The most critical rule to remember is to be patient. Have an idea and have conviction and follow-through.

2) Be flexible and adaptable. Markets in Runescape, like in the real world, are dynamic, and as a result, prices change all the time. Understanding why prices vary is the key to predicting where prices may be in the future.

3) Do not be toxic! Rares community is tiny if people find out you are toxic, word will get out, and you will have a bad reputation, and as a result, you will find that nobody will pm you.

4) Invest within limits. Set a pre-defined limit in a portfolio. Whether 1b or 1T, the principle stays the same. Perhaps it is not wise to put all shards into one item. Ex: We have 10b, instead of buying one 10b item (100% of your portfolio), buy a few things and diversify.

5) Set SMART goals! Be specific. Instead of saying we want to be rich, make a particular goal such as getting a Partyhat. Measurable, instead of saying "I want to get rich," it should be a specific and measurable goal. Assignable, try to pick one item every day or every week that you can flip at a good enough margin to meet your measurable goal target in a week. Relevant, make sure whatever you do will set you up for success. Time-based, set a goal to get there in a specific period and stick to it.

6) Communicate effectively. When you are trading items above max cash, you need to know how to communicate with people! Remember, these are humans, not robots or the GE; you need to treat them with respect and dignity and take them seriously as you would expect them to be to you. Do not take anything personally. Some people can be mean, toxic, annoying, or flat out a scammer. Take the high road; add them to your ignore/blocklist, and move on. The worst you can do is try to engage in toxic behavior. Celebrating 4 Million+ Monthly Users, join
ely.gg
for the most updated, accurate prices and active pricing bot in RuneScape!

28-Jan-2021 03:44:20 - Last edited on 28-Jan-2021 03:54:06 by Tranquilty

Trip180

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile
Trip180 guide, which I don't follow and no one asked for:

1. Buy what's scarce.
2. Buy what's wanted. Santa used to be worth less than h'weens, now more. Santa is wanted.
3. Buy what's forgotten. When no one is pricing an item, that item is cheap or has a margin. One item goes up, then another, then another. Buy what hasn't gone up yet.
4. Slowly ni buy using many alts. Set a net.
5. If you own the supply, you set the price. Any item can be made max cash.

6. Jagex can also rerelease any item. So, it can be best to buy a small amount of what's cheap, wait to dump when it gets hyped. Be able to exit such small positions quickly.

7. A higher price can mean fewer buy. However, consumers also want valuable items; hoarders magically create expensive items by selling high. Example: Gem items are now in-demand because expensive.

8. Tell no one what you have. Wait for a hoarder to start hoarding your item, then dump on him.

9. Do not hoard with others, unless you're evil. The bad guy always dumps first and wins in such cases. Or, one buys the other out at a higher price.

10. When someone asks what items you have, feel free to not respond. It's fun to share info, but it's even more fun to profit. See #8.

11. Trust Trip.

-

I don't follow this, because this is just a game. But the real pros take this stuff seriously. I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity. :(

28-Jan-2021 05:24:01

Trip180

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile
RSGOTMEFATT said :
Instructions unclear bought GameStop stock. Isn't that classed as illegal exploitation of hedge fund billionaires? I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity. :(

28-Jan-2021 06:41:02

Jeremy Cheng
Aug Member 2013

Jeremy Cheng

Posts: 25,655 Sapphire Posts by user Forum Profile RuneMetrics Profile
Why are infinity boots 24m ea? Their eoc look is hideous especially the dragonbone variant
and the replica boots look far better, they literally look like low cut socks that only cover your feet and not your shin. Surely being a master clue requirement isn't the sole reason it's so high priced right? This is why I'm never selling my pair that I use for clues.

28-Jan-2021 18:06:58

DofIamingo
Nov Member 2023

DofIamingo

Posts: 2,684 Adamant Posts by user Forum Profile RuneMetrics Profile
Jeremy Cheng said :
Why are infinity boots 24m ea? Their eoc look is hideous especially the dragonbone variant
and the replica boots look far better, they literally look like low cut socks that only cover your feet and not your shin. Surely being a master clue requirement isn't the sole reason it's so high priced right? This is why I'm never selling my pair that I use for clues.

I don't think anyone does the minigame, so price spiked when they became a clue item. so now they have a use and they're short on supply I guess.

28-Jan-2021 18:30:50

RSGOTMEFATT

RSGOTMEFATT

Posts: 302 Silver Posts by user Forum Profile RuneMetrics Profile
Trip180 said :
RSGOTMEFATT said :
Instructions unclear bought GameStop stock. Isn't that classed as illegal exploitation of hedge fund billionaires?

Lmao the big boys are pissed most brokers are shutting it down, I had 150k in paper profits now only 50k. Hopefully the class action lawsuits start coming in. Don't even care about the money.
Grand Exchange: Finished buying 1 x Christmas cracker

28-Jan-2021 20:07:52

Knowledege

Knowledege

Posts: 84 Iron Posts by user Forum Profile RuneMetrics Profile
RSGOTMEFATT said :
Trip180 said :
RSGOTMEFATT said :
Instructions unclear bought GameStop stock. Isn't that classed as illegal exploitation of hedge fund billionaires?

Lmao the big boys are pissed most brokers are shutting it down, I had 150k in paper profits now only 50k. Hopefully the class action lawsuits start coming in. Don't even care about the money.

Most of the companies being hyped up by retail are declining business models, heavily shorted stocks by hedge funds based on fundamental analysis. But yes Trading brokers had no right to stop people from buying them, where's the free market?. There's also been talks of funds piling up big shorts before brokers shutdown trading, which is illegal in many ways. But It's best to avoid buying on such hype while the gains can be exponentially great there's also a lot of risk involved. Never in my trading career have I seen retail bankrupting a big hedge fund such as Melvin Capital, we live in extraordinary times. Good luck with trading and let's get back to runescape. Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole - Karl Marx. Capitalism needs to be reformed around the world especially in the US.

28-Jan-2021 20:26:15 - Last edited on 28-Jan-2021 23:28:34 by Knowledege

The contents of this message have been hidden.

29-Jan-2021 22:42:28

Quick find code: 17-18-960-66174184 Back to Top