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Secrets of the Grand Exchange

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Latona

Latona

Posts: 132 Iron Posts by user Forum Profile RuneMetrics Profile
GE Flipping has a lot of potential benefits for people training skills. I have often advised on skill-flipping techniques and working out worst case scenarios for those items.
Generic example.
Person A is training a skill and wants enough supplies to achieve level 99, but aren't wanting to train it all at once (maybe just want to have it so they can skill when not fighting or doing anything else).
I advise to check the regular price movements and monitor them over the course of at least a week. This can mean checking the GE charts or test buying and selling at various times of the day. It builds up item knowledge and reduces risk.
After a week, person A finds a relatively low price that the order gets filled at, but never drops below. This price is the floor price for stocking up the number of items they need to get level 99.
Similarly, they will find a price the item doesn't sell above. This is the ceiling price.
Skill flipping players are able to buy at the floor price and sell at the ceiling price while still maintaining stock to achieve level 99. The worst case scenario could be the item tanks and drops through the floor - but the player can then train the skill to 99 and sell the finished product or high alchemy it.
It many cases it is possible to find floor prices for items that the worst case scenario delivers a profit after high alchemy (including the nature rune cost).
Knowledge of items being flipped and taking into account the worst case scenario associated with that item allows people to avoid having to dump into the GE and suffer a significant loss.

26-Nov-2012 12:40:09

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