The GE can be your best friend or your worst enemy. Contrary to what people may say it being a “stock market”- it is actually a commodities market- where raw materials are bought and sold, not company shares like you would find in a stock market. Regardless, it is a great way to make a profit as you can see by some of my older posts- but it can also herald losses. It is important to do your research; look up the material you want to trade and have an idea of how the supply and demand for it are. Sneak into conversations on merching clans and get the inside scoop (although never reliable.)
Here is a look at the last 6 months of mithril ore. I decided to sit on 55k mithril ore right around mid summer when the price was dropping… As you can see it was a risky buy at the time, when I checked back up on it weeks later in August I had the misfortune of realizing I lost millions. Luckily, the last two weeks it has spiraled back up in the 400’s and I got that load sold.
The stars represent buy/sell points. Green represents a good time to buy, when the price makes a sharp decline. Yellow represents a risky time to buy. It has stayed at a fair price but is hard to tell where it is going next. Red represents the best time to sell (as well as the worst time to buy), obviously when the product skyrockets, wait for it to jump until you’re comfortable to reel in the profits. Don’t wait too long or the product will slide back down to fair prices.
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