Here’s My Trade On The Grand Exchange
I'm putting all my cash into buying Addy Ore. Why?
I'm not sure why Runescape iron ore prices have gone crazy - but it's likely the same force that is pushing up Mithril Ore prices.
So - I'm just guessing that the prices of Addy Ore and Runite Ore are also going to rise. I felt the same thing last week and I was holding as much runite ore as I could afford... but I sold out of runite ore at a couple mil profit, and put everything into Adamantite Ore. Presently I hold just over 30k Adamantite Ore.
Here's a screenshot of some of the Addy Ore I purchased yesterday...
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The prices for all Fist of Guthix uncharged items are also going up. Rune berserker shields 0 seem especially good to try right now. I might give it a go.
I'd be afraid of trading the Rune Berserker Shields - I don't like to buy high and sell higher... Check out Rune Knives or Dragon Bolts...
Your crazy!
Lol.
Woot! Looks like Addy ore is going up! I made about 3mil so far!
This is a great example of what is almost my ideal runescape money making trade on the grand exchange... except I started to second guess myself... got excited about another market.... and I sold out WAY too early. I didn't make nearly the cash I could have.
Over weeks of time watching the charts daily, their is nothing to do with your trade but think about it... and it's how you think about your trades that will make you a rich mercher - or a broke mercher.
Since the time when I did this merch three months ago, and only made a portion of the profits I could have made, I've been reviewing some trading rules from my old days playing at the real world commodities markets -- to see where I could improve my Merchanting in Runescape.
The first thing I did was to put a limit on how much value in gold pieces that could be tied up in any one item.
The second thing I did was to re-identify the procedure I will follow when taking a longer term position in the market.
First, I identified a rule of thumb that my limit is no more than 10% of my total wealth per item on a full trade. Currently that is about 7 mil will be invested in a fully positioned trade.
Second, the procedure I will follow when long term investing in an item, will be to buy 20% of my full trade equity when beginning to buy an item, to purchase another 50% of my position when the first trade grows by about 10%, and to put on the remaining 30%, coming to a fully positioned trade, when the second part is proven correct by growing by at least 10% more.
With this long term trading method, it may take three weeks to put on a full position - and I may hold it for months. Currently - when to sell is the big area of research and practice!
While 60% of my wealth is ear-marked for my long-term strategies, 40% of my cash - currently about 28mil - is used for day-trading a variety items that are commonly used for leveling skills in the game... and I'm focusing my attention on fishes, ores, gems, bones and logs at this time.
At this time, the most costly item that I'm merchanting is about 120k in value.
Cheerio!
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