Today I'm going to post the rest of the days of the competition, with a wrap up to follow tomorrow. Wanted to include it in this post, but it's taking me longer than expected to write, so I figured I'd throw the last chunk of days out for y'all to read, and get to the
Made 762g in the overnight, reposted
auctions in the morning quick. I got Crafty Vermilion Onyx (Exp/Crit)
for my daily cut, not too bad! I made a bunch of those, reset a few
other cuts, as well as some enchants and shoulder enchants (got ~3k by
the night). Doing quite well with that. There are ~2 weeks left so I'm
going to attempt to start building up capital, ended the night with over 1k, but I
still will not hesitate to spend if an opportunity presents itself.
made ~500g in the overnight, did not sell a single item I reset last
night, but just a few stacks of Savage Leather. Did a cancel/repost in
the morning, and a Primordial Ruby research, getting Bold. Not the best
case scenario, but they were starting to pile up from prospecting. Bought out a ton of
auctions after I made 3k worth of sales during the day. A 10 stack of
Potion of luck sold for 44g after tax because I had it in a generic
market value/global group, luckily it was a (very slight) profit of
<2g for each, but still a situation I'd love to avoid in the future.
Made some Primal Diamonds but exhausted my supply of Golden Lotus making
them, will have to keep my eye out for more.
big to note today. Got literally the worst cut I could imagine,
Splendid (parry/resil). Reset a few markets again, only posted three maybe
four times. Sold 1 uber blue for a nice profit on the day, but did not have a lot of time to look at my markets and buy/sell.
night in sales, all of 100g made overnight. I got Fierce Vermilion Onyx
as my research cut (Str/Haste) so a nice discovery for today. I made
~10k throughout the day. I was able to price fix Belt Buckles, buying 5
for just under 300 each and selling all but one for 600g. So a productive day, ending with
around 7k, and I'm hoping to dump it into mats. With slightly more than a week
left I'm going to (try to) stop spending so "recklessly". At this point
in the competition, unlike normal gold making, I have to start actually
building up capital instead of reinvesting as much as I possibly can,
which has been my strategy throughout. It's going to be hard to break
that habit, and I'm not sure that I can. For example I bought ~23 stacks of Savage Leather to
completely control the market, marking up to 300% of the original
purchase price. I sold quite a few stacks of Frostweave today though
from doing similar, and my reinvestments and flipping today added up to
an additional 20,000g worth of AH value, so a very productive day I'd
say, for being down a net of 2000 from where I started (although I did
indeed spend more than that)!
in the overnight, spent on some elusive cheap Tiger Opal and Ores. Due to it being mothers day, I
ended up only posting 2 times throughout the day, and ended up around 5k
at the end of the night, reinvesting the ~5k that I made. It's getting
to the point that I really need to start buckling down and stop
purchasing so much. I start to get agida if I don't have my gold invested in something. It may end up hurting me in the long run in this case though, as I may not be able to flip all that I buy.
only a couple hundred in the overnight, starting with 5,309g after
reposting and doing some resets. Just for a reference point, I decided to
Screenshot all the different cuts of gems I'm currently selling:
Started with 4337 today, up about 2k from the overnight. I invested heavily
in Ghost Iron Bars and Kyparite, so heavily I was down to just 70g.
Ghost Iron Bars were going for far less than 2x Ghost Iron Ore for the
first time I've seen, so I bought them all. I transmuted all of them to
Trillium Bars adding 10g worth of value to every 10 bars. From my
spreadsheet Living Steel have a 180g profit right now (accounting for
procs), so if I could get some xmute alchemists, or even regular
alchemists to transmute for 50g, I could be easily making 100g+ per 6
Trillium Bars. As is I'm selling them as Trillium Bars in stacks of 1
which no one else is currently doing on the AH.
the other moot Primordial Cut. Looking for Brilliant at this point.
Have a few useful VO cuts, but missing a few I'd prefer. I could have
someone else cut them for me for a tip though, and probably should have
had that from the get go. That's something I did in my competition with Selltacular that paid off brilliantly. Want that Brilliant cut though, then maybe a
few Imperial Amethyst cuts. Managed to repost a few times today, but
haven't made the returns I'm looking for. I'm truthfully a bit
disappointed at this point in the competition to have so little gold.
Perhaps I over invested, or under invested, but my totals are not where I
want them to be. Could just be the market as well. The gem markets seem not to be as active as other realms, and perhaps too much competition. All fair prices though.
Flipped a few more items today, have over 4k worth of
Golden Lotus on Hand. 90 Trillium Bars, getting Xmuters for Living Steel
as it sells quickly on this realm. Honestly I think it's the realm
that's disappointing both in sale speeds and prices. Haven't done great
in any market to this point. Feel like if I had more/different professions I could
swing a better profit.
I've also had this one guy
constantly undercutting me today, but only in certain gems. They're
undercutting by a copper each in a few key cuts, not sure if they're
using TSM or not, but regardless it's cutting into my margins during a
pivotal time in my campaign. That on top of the API being down is really
screwing with my methods. Hope it's back up soon, it's been down 2 days
learned the Brilliant cut, and this moron comes along in the AH is undercutting the
Primordial Ruby cuts from 100g to 60g. As far as I know he only has
Mining/JC, but it's very possible he has an alt with Alchemy meaning
that the gems are only costing him ~30g, and can theoretically do this forever. This is of course also what they cost me
but I'm trying to maximize profits here man! By buying out his auctions
I'm only reinforcing his stupidity, and he's posting even more auctions
at a time, so it's high time that I stop doing that. I've been going for the
long term power play on a realm where my goal is to maximize short term
profits, not long term. He's in trade chat right now saying he has guild
bank tabs full of them. Great.
I need to start thinking about
liquidifying my assets and the best way to do that. Of course from the
shuffle, uncommon gems have been piling up, and I need to find a proper
avenue to dispose of them (should have done this earlier). I decided to craft some rings/necks and see
how they sell. If I get a few sales, I'll continue, probably just
marking up the blues and vendoring greens. Threw them all in the AH for a
round to see how they do.
into the last weekend of the competition, I must say that I'm much
lower than I expected to be. I learned a lot about this particular
server though, especially in getting burned yesterday. The guy who had
been posting all of those Primordial Rubies for cheap yesterday didn't
even play today, so I was able to reset the market effectively today to
double what he was charging. Invested a lot, which I keep telling
myself not to do, and I'm currently a lot lower than I had expected.
into the homestretch of this competition, I must say I am pretty
disappointed with the amount of capital I was able to kick up. Much AFK time in this last few days is also going to hurt my gold per hour, but I pretty much let that ship sail by leveling to 80. Again, a long term strategy that'd be great for sure, but for short term, it may not have been the right call.
down to the wire, I made just about 4k in the overnight, putting me at
23,642g! Probably one of the more diverse overnight sales I've had
selling a bit of almost every market I'm in. Keeping auctions cheap and up the best I can, running cancel scans and reposting as much as humanly possible. It's crunch time.
The last couple days I was not able to keep a log, as I was getting ready to move cross country, so I kind of lumped the last 3 days together. I'm going to do a separate post tomorrow (still working on it at the moment) with a summary attached as well. Thanks for reading, and if you want to catch up on the other days, links are below.
Wednesday, May 28, 2014
Gold Making Invitational Days 16-27
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