Phat Podcasts

This past week I've recorded and guested on 2 podcasts, be sure to check them out for your daily dosage of Phat Lewts!

Drunken Musings of Insane Gold Makers #3
Earlier this week I got drunk with GoblinRaset and we recorded our third Drunken Musings Podcast.  This is by far the most drunk either of us have gotten during this particular podcast, so give it a listen to hear all the secret guarded gold tips we gave out!

You can find the episode here.

You can find all past present and future episodes here.

Late Nite With Stede Episode 004
Stede has been one of my favorite critical thinkers in the gold making community for quite some time.  A Wind Trader on The Consortium Forums, Stede frequently masterminds some really intelligent spreadsheets and thoughtful posts.  Recently he started a gold making blog, Late Nite With Stede, which can now be found at his new web address www.lnws.net.

I was proud to be a guest on his podcast last night, episode 004, we had a great time recording it, and if you haven't listened to his podcast yet, this episode is a great place to start, and I'd highly suggest going back and listening to the first 3 episodes as well.  If nothing else, for Stede's dreamy radio announcer voice.

Last night's episode can be found here.

The previous episodes can be found on his blog, iTunes, or YouTube.

TSM 2.0 Video Guides
I just wanted to include an update about my TSM video guides.  I've been getting a lot of positive feedback about the videos (link's on the left sidebar), and I wanted to kind of get a feel for what people would like to see in other TSM 2.0 videos.

These videos cover the basics, but I'd like to cover some more advanced topics, preferably that people would be interested in watching/learning about.  Let me know what you'd like to see, and I'll take it into consideration for my upcoming new videos!

Cheers,
Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

Learn TradeSkillMaster 2 Video Series

So I finally got my things together and buckled down to make some TSM 2 tutorial/guide videos because TSM 2 is going to be released on Curse sometime this week!  If you haven't already check out all the new features in TSM 2.0 before watching the videos.  Now, without further ado, the playlist for my Learn TSM 2 Video Series!




Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

PLGB News

So I've been away from WoW for a few days (3-4), got really busy IRL, but got back to normal today.  Just have some general announcements I wanted to get out, no real "gold making post" per say, but useful/relevant information none the less.

Streaming
I've begun streaming a bit recently.  My goal is to stream 3-4 times a week.  It's a casual atmosphere, just doing my thing making gold, and you can watch and learn, chat, and/or ask questions.  I've been having a lot of fun with the viewers who show up, and I hope that a lot of you all can come and visit at some point!  The stream can be found at www.twitch.tv/phatlewts, and can always be found on my right sidebar.

Podcast
Me and GoblinRaset are recording another live episode of The Drunken Musings of Insane Gold Makers tonight over at www.twitch.tv/goblinraset.  We are going live around 9pm eastern, 6 pm pacific, so be sure to drop by if you're around!

TSM 2 Videos
Are still in the works.  I've not been working on them obviously since I haven't played in half a week, but they're coming out and will be out for general TSM 2 release, mark my words!

Alright that's all I've got for now.  I'm probably not going to be writing too often in the next few weeks but I'm always around at The Consortium, Twitter, WoWEconomy, and WowProfitz IRC.


Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

TSM 2.0 Open Beta

If you listened to our TSM 2.0 episode of the Happy Hour Roundtable Podcast, you were among the first to know that TradeSkillMaster is entering TSM 2.0 Open Beta Testing!!

No, TSM 2.0 isn't release ready yet, but right now you can get your hands on the latest and greatest software that gold making has to offer over at http://stormspire.net/official-tradeskillmaster-development-forum/11388-tradeskillmaster-2-0-public-beta.html.


Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

TSM 2.0 Announcement!

This Sunday, at 2pm pacific, 5pm eastern, GoblinRaset and I will be streaming a special TSM Episode of The Happy Hour Roundtable Podcast. We are going to be joined by the full TSM crew: Sapu, Bart, and Cryan for an exclusive TSM 2 interview, and just yesterday Sapu announced that he'll have a special announcement to make on our show:

This Sunday at 2PM PDT I and the rest of the TSM team will be on @THHRPodcast discussing #TSM2 and making a VERY SPECIAL ANNOUNCEMENT! #hint
— Sapu (TSM Lead Dev) (@Sapu94) July 26, 2013

We will be livestreaming the episode at www.twitch.tv/goblinraset at the times listed above.  Be sure to subscribe to GoblinRaset's channel if you want to be notified when we go live!  If you're not around when we stream, I will be posting the link to the podcast on my site as soon as it's up.


Additional TSM 2 Announcement
I also have my own personal announcement to make.  I'm going to (attempt to) make some TSM 2 guide videos.  I know there are already a lot of great TSM 2 posts out there that people who have put out, but I know that in the past people have really enjoyed using Faid's videos as a tool to learn TSM, and since she's not playing WoW (currently), I figured I'd give some video guides a shot.  I'm working on the outlines of the videos right now, and they're sure to be complete in a week or two, depending on how they turn out.  My goal is to do as minimal editing as possible, so one fluid take would be amazing, but I know that's not always possible, so we'll see what happens when I start recording, I'll be sure to keep you updated.

See you all Sunday afternoon on the stream!

Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

Posting Philosophy

Before I start with this post I just wanted to take some time to point to a recent post by Stede called Unprecedented.  In this article Stede advocates for stockpiling for 5.4, and if you're starting to think about 5.4 this is a great place to start.

Me personally, I won't be stockpiling persay.  My reasoning behind this is that I'm always stockpiling in excess when I can get good prices.  Just in time crafting is a terrible way to manage your mats, I'd rather have too many mats at a dirt cheap price, than not enough with high prices, makes sense right?  Right now for example I have 20 of each rare cut that I keep in stock, and I have 500+ stacks of Ghost Iron Ore waiting to be prospected.  The only time I'll really slow down on this will be at the tail end of the expansion.  Now back to your regularly scheduled post:

Gold Making Philosophy
I had the idea to write about this when GoblinRaset had been recently coming up with some crazy custom pricing schemes in TSM 2 to price Ghost Iron Ore, and I decided to give my mathematical perspective on what's my reasoning is here.  Now creating profitable thresholds and fallbacks in TSM is a necessary evil of playing the auction house, but in the end, I personally am not going to put as much thought into it as GoblinRaset did.

Why?  Simple.  When it comes down to it, TSM_Auctioning is really just making 1 decision for each item based on your threshold and fallback: "Do I undercut it by 1 copper or not?"  In the long run, no matter what your thresholds are, as long as they're profitable, you're going to end up posting the item 95% of the time or more.  This is why I don't think too much about my thresholds.  I pick some profitable numbers and run with them, because regardless, I'm just undercutting by 1 copper.

As time goes on, you're still going to make the same profits regardless, so why fuss.  Just one more thing in life that's not worth the worry!   Now I'm not saying that it is a bad thing to know your markets, quite the contrary, the better you know them the better it is for you.  I'm just saying don't sweat the small stuff in this case, it's really not worth the time.  That's my two cents.  Here's a TL;DR:

Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

Drunken Musings of Insane Gold Makers EPISODE 2!

GoblinRaset and I hit the bottle last night and recorded Episode 2 of The Drunken Musings of Insane Gold Makers.  Check out the episode here, it's a good one filled with excellent drunken ramblings.  You never know what kind of gold making secrets we'll divulge after we've hit the sauce, so check it out.  


Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!