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Advanced Flipping Guide

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Advanced Flipping Guide

Post by Admin on Sat Mar 22, 2014 3:31 pm

This is not low-risk, low-profit flipping. Advanced flipping means losing a few hundred thousand GP every once in a while. But it means consistently earning a few hundred thousand GP (or more) on most offers once you get really settled into it.

[ryan ofc has our "top flipper" reputation, so his comments may help if he posts.]

1. Flipping resources (with some notes)
2. Additional notes


Flipping resources (with some notes):


Go to 'margins' for pricing on Bandos, Armadyl, Subjugation and port items: http://flipchat1fc.forumotion.com/
Normally offering about +25k and selling your item at about -25k speeds things up; however I do not recommend always doing that.


Go to most recent page for latest prices on Drygores, Ascensions, and Seismics: http://services.runescape.com/m=forum/forums.ws?17,18,225,65320361,goto,1


Notes on how this flipping operates:


Lists are formatted as follows:
Drygore - Rapier/long/mace Oh Rapier/Oh long/Oh mace 
Ascension - Main-hand/off-hand
Seismic - Wand/singularity


Format of Price Checking used on this thread is the 'b'/'s' system. It works like this...

'S' suffix - If an item is instant sold or non instantly bought then the price will have the suffix 'S', when a price has this suffix it is always rounded down to the nearest million.

'B' suffix - If an item is instant bought or non instantly sold then the price will have the suffix 'B', when a price has this suffix it is always rounded up to the nearest million.


All prices using this format are assumed to have taken place in the Grand Exchange.

Example: 

If something is 78b that means that the last reported transaction was a Instant buy or a Non instant sell between 77-78m.

If something is 75s that means that the last reported transaction was a Instant sell or a Non instant buy between 75-76m.

Logic behind the 'b'/'s' system rounding: If someone instant buys something for 34.3m for example they couldn't have instant bought it for 34m but they could of for 35m. The reverse is true.



Go to most recent page for latest prices on Nex and Spirit Shield items: http://services.runescape.com/m=forum/forums.ws?17,18,287,65269098,goto,1

Notes on how this flipping operates:

Grand Exchange Limits

Virtus Wand/Book = 5/4
Nex Armour = 2/4
Zaryte Bow = 2/4
Nex Boots/Gloves = 1/4

How Does Their Price Checking Work ? 

< = Less than. This indicates the last transaction was under the price.
+ = More than. This indicates the last transaction was over the price.
~ = Roughly +/- 500k. 

Order Given usually. 

Shields = Spectral/Arcane/Elysian/Divine 
Boots/Gloves = Virtus/Pernix/Torva 
Nex Sets = Helm/Body/Legs.
Misc = Zaryte Bow/ Virtus Wand/ Virtus book ( ZWB )
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Re: Advanced Flipping Guide

Post by Beacon on Sat Mar 22, 2014 3:45 pm

Something to note: a general rule of thumb for Flipchat1 price checks is that you alter your price by 25k every 30 minutes. So if you are buying Bandos Boots for 1300k, and they are not buying after 30 minutes, you should change the buy price to 1325k, and so on. This applies to sell prices as well, even if you did not have to alter your buy price.

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"Do not pray for an easy life, pray for the strength to endure a difficult one”

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Re: Advanced Flipping Guide

Post by Admin on Sat Mar 22, 2014 3:59 pm

Additional notes:

There is a LOT to learn before using those resources becomes a viable way to maximize profit gains. I will edit below to define some terms (sniping, trending, etc.) and to outline some important cautions (crashing, etc).
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