Rags to Riches: Final Edition

Posted on May 18, 2011 by Plejades

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  2. I think what a lot of people end up worrying about is how much time it takes to trade and how it takes away from time to play. I manage to do both, but am just barely ahead when it comes to trading.

    I also don’t have any bots that hold Duel Deck cards so that hurts my profits. :P

  3. Glad to see you managed to complete your goal. Sad to see this end. Besides ClassicQuarter and from your screen shoots SuperNovaBots. You didn’t mention much offline stuff or what you post for classifieds and other such details. It could be why some; such as myself can’t seem to pull of some of these big deals or so many of them. Not sure if its cause of the fame or not.

    @EVERYONE
    Does anyone know how to make Windows 7 have taskbars like in the screen shots above? The way they have it set up sucks and there no orange blinking bar or anything when your not on MTGO and someone tries chatting with you or anything unless you got the volume up to hear the ding.

  5. Congrats on the foil Force of Will, i really liked this serie!
    You really had some great trades but a foil bargain for 68 ?!? how did u manage that? was it on the first hour destiny was online?

  6. @Auran Alchemist: Of course everyone has to find the balance that suits him in regards to play/trade. Most of the things I did do not require much time but rather diligence and quick actions. I just checked and Foilbot has foil Jaces; still for the same low price….

    @Nero64: My classified ads were pretty standard. I just made sure to have proper formatting and be at the computer to react to messages – that is already more then 80% of the traders do.

    @Bozsmits: It was pretty late in the process. I cannot remember the exact date but you can probably check the screenshot to see.

    Trading well is a skill as every other – you have to practise and learn. For everyone that wants to delve deeper into the subject we have good news; you can expect something big in the future!

    Thanks for your interest and good luck,

    Plejades

  8. Great series! Can’t wait for more.

    One question, though. When you said you checked the buy prices on bots, is that just checking in the Classfields or is there a resource that tracks this?

  9. The long time was mostly due to the fact that I had to pause the efforts due to other responsibilities or priorities. But it is interesting to note that it took exactly one year. I finished on the same day I started.
    The other factors where – no rip offs and the troublesome fact that Force of Will was constantly going up in price. When I started the foil was worth around 130 tickets. We all know where it’s now. Glad you enjoyed the ride, let’s see what article series we can do next that is different enough to keep it interesting.

  10. When I do ads like that they seem to take forever like a few days even when I’m trying to buy for the same price or better then others. What are some other offline resources you use? How about some things to take into account such as nix tix, evens, rotation, formats or releases? I would love to know cause this is pretty much the only thing I do with magic anymore and I’m not into following ever detail all the time. It feels like fame helped carry you and I refuse to believe thats your trick to all this.

  11. Fantastic work, Plejades. A mediocre pack turned into a FoW, amazing.

    Even more amazing: done without screwing anyone in the process. Just a smart guy getting smart deals. Real impressive, and I look forward to the big announcement!

  12. @alyo:
    There are various resources you can use to check the price bots (dealers) are paying for cards:
    a) Supernova has a buy list for all rare foils and non-foils.
    b) MTGO Traders has a hotlist on their page with prices for cards they are running low (also a good indicator what is really in demand right now)
    c) You can just open buy bots and check if and for how much they are buying your cards
    d) Type /join auction and see if someone is buying certain cards and how much they pay for it. WARNING: The auction room is often not really active and filled with people that chitchat unrelated stuff, often not PG13 ;-)
    e) Check Classicquarter for foil buying/selling prices as it is the home of many eternal players and foil collectors

    Ok, I guess I have made enough advertisement for other sites :-) Of course you can also send us a mail and ask what we are paying on certain cards if you intend to sell.

    @Nero64:
    There is of course much more you can can do and take into account then I was able to outline in my articles. If you want to go “all in” follow our announcements in the next weeks/month closely for some options you might be interested in.

    @Zage:
    Thanks. It was a tough ride but also quite fun. From the beginning it was imperative for me not to use the “screw the clueless” approach. If you cannot make it without taking advantage of beginners it’s not worth doing for me.
    We will probably need 6 or 7 more weeks to get going what we have been planning but it should be interesting for a lot of players interested in the topic.

  13. foil Marsh Flat for 9tix? Wish i could find Guys like that too ;/

    GJ on the Artikels and Congratz for the FoW thou!

  15. Finally you list offline things I’ve been wanting so badly since you mentioned this was your last.

  16. Congrats on finishing the series! And muchos gracias, i learned so much from this!

  17. Very instructive series, thanks a lot! I had a quick question on this last update…what roughly was the time span covered in this last article? I ask because I’m curious if throughout the series most of the gains were made on longer-term deals where you bought cards that then went up in value, or if more were the sort of arbitrage you mentioned here where you find underpriced cards and turn them around quickly. Thanks!

  18. @TheGreenKnight: Glad you liked it. It is always a mix of both methods; I usually try to arbitrage if possible as that allows me to use my tickets again immediately but that is of course not always possible. Usually, at this stage of your collection you are better of with arbitrage then with long term investments. I sometimes also deliberately choose not to sell immediately even though it would be possible because I know I can get more with little patience.
    Frankly there are many more things one can account for and use to make money on MTGO but many of them only start working efficiently with more capital invested. I am planning to share my thoughts about this in a future projects. Thanks for reading,

    Plejades

  19. This was such a great accomplishment. Thank you for completing it. Now only 3 more foils to go =p

  20. Make sure you know what you’re looking for and the value of what you have. It’s very easy to give away too much for little return.