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Re: ☆ How To Become A Successful Trader ☆ (V1.1)

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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
Total Posts: 9244
08 Feb 2013 10:25 PM
Well, here's my guide to become a successful trader. I'm making this guide because many people have asked me, "How did you get so rich?" or, "How do you trade so good?" and I had to go explain everything. Also because I own a decently large trading group ( http://www.roblox.com/My/Groups.aspx?gid=645282 )



1. ☆-HOW TO KNOW AN ITEM'S VALUE-☆
This is probably one of the hardest things in trading, and probably one of the hardest to explain. Some items are very obvious on the value, like high demand low priced items. TO KNOW AND ITEM'S VALUE, LOOK AT THE CHART, THE COMMENTS (Peoples opinions on the item/offers on it), FORUM ON LMaD (Let's Make a Deal forum), THE PRICE IT IS AT(Hot much the owners are have it up for), AND THE RAP (Sometimes..)

( RAP )Many people think an item's value is based on the RAP (Recent Average Price). Sometimes, it kind of does, but dont trust the RAP. Why? Well it's based on the average price the item has sold for, but many people LPP (Lowest Price Possible) an item for giveaways or just to mess up the RAP. Also, sometimes the item gets very good item and robux offers, but the owners refuse to take any. The RAP wont change because the owners have refused to sell the item, but the offers are so high that item's value has gone up. The item's value is then higher then the RAP.

( ITEM'S COMMENTS ) In the comments, you can get a good idea of an item's worth. People usually, if they want an item, post offers in the comments. If you know the values of the items someone has offered, then you can get a bit of an idea of the item you have or may get's worth. It may be a little bit confusing, but you'll figure it out.

( THE PRICE IT'S AT ) This is a bit like the RAP in the way that it is not very important. Owners can put an item up for sale for however much they want. If the item is rare, owners may not put it up for sale, and some (For fun/Informing people they have the items) put it up for crazy prices like 236,254,346. The cases where this does matter is when it is up for less then you think it is worth and not selling for a very long time. <-- Not always true! The value of robux (This is very hard to get, but as dumb as it is it is true..) does not equal the trading value. I will explain this further in the guide.

( THE CHART ) The Chart is below the RAP (I really hope you knew that e.e). It shows when, the quantity, and the amount the item has sold for. This helps figure out how much you can sell the item for and the demand for the item. (If it shows the item has sold alot, it has good demand)

( LMaD ) Let's Make a Deal forum. I suggest come to LMaD and asking item's values, or see what people are trading them for on LMaD. You can also make a thread asking is a certain trade would be to your benefit. I will explain this more later.


2. ☆-HOW TO KNOW WHAT ITEMS TO INVEST IT-☆
This isn't that important when you have less then 10k worth of items, but it still can be helpful. Invest in items with high demand, low quantity, and items that look good.

( LOW QUANTITY ) The less owners, the less options the people who want the item's have. Say billy wants the "fake mustache" limited (NOT REAL, JUST AN EXAMPLE) The fake mustache, FM for short, has 50 owners. 10 active owners. 9 of these owners have overpayed for the FM, and it has raised because of that. Billy faces one owner left who is willing to trade it. That owner can milk Billy for all he's got if Billy really wants the FM. Billy ends up paying twice the item is worth, and that item has raised a bit. Not the best example probably, but I tried. =P

( HIGH DEMAND/ITEMS THAT LOOK GOOD ) Items that look good usually cause high demand, so that's why I put those 2 together. Bob wants the blue cookie, BC for short. The BC has 10 willing owners, and has many people who want it. These people who want it post offers, and keep trying to outbid eachother, until all of them are OPing (Over Paying) by ALOT. Then that item has raised because of all the overpaying offers.



3. ☆-HOW TO GET THE WORD OUT OF ITEMS YOU ARE TRADING-☆
It will be pretty hard to trade if you just count on you sending the trade. So, why not get the word out you are trading? WHATEVER YOU DO, DONT GO SPAMMING ON COMMENTS TO SEND YOU TRADES! It is ok to, once and a while, post ON LIMITED HAT/GEAR/FACE COMMENTS that you are trading your items. I do highly suggest posting on a limited item you own, saying that you are trading that item and others. Also go on LMaD, make a thread of a list of items you have so people can send you trades on them. Also, put the item up for sale so that no one can/will buy it, but it is on the front page of sellers so people know you have it and send you trades for it. I usually, if I want an item, send trades to people who have the item up for sale.



☆-LMaD-☆
Let's make a Deal forum is a great place to get connected to other trades, and trade more. I don't know anyone who has traded their way to their riches, and have not use LMaD. You can figure out the prices of items, figure out what items to invest in, learn of new events and money-making opportunities, and get the word out you are trading.

☆-Robux Values VS Item Trading Values-☆
Trading quickly became a new part of money making. Robux have more uses then an item. With robux, you can spend money on ads, buy limited and non limited items, clothing, bribe people (Lol), and many more. With and item, you can sell that for robux, but with robux you can buy many other things. People may not buy your item because they have another use for their money. Items under 40k traditionally have nearly the same Robux and item trading values. But big items, like Tailslide, can have large differences in Robux and Trading values. Tailslide was recently offered 400k robux, even though it was decline, many say it was Overpaying. Tailslide has also been offered PSTF + IH + Scaryhood + Hooded spacelord, which is about 565k in trading value. That offer was about fair. There are many other examples. It's hard to understand this, but going on LMaD and asking questions/seeing offers/posts/threads/peoples opinions can really help.



☆-Quick Tips-☆

-- It is good to have items that are big instead of small. If you get a trade, where you give 3 items worth 175 robux (Total = 525) for 1 item worth 500 robux, then it would be a decent trade for you. I personally would accept that. Having less, but big items is good and easier to trade with.

-- Some people are collectors, and collect a certain serial number of an item. They often with overpay for an item with the serial number they collect. TheGamer101 is popular for this-paying 3 times the RAP for an item with a #101 serial number I think. Check to see if any of your item's serial numbers are on this list:
http://www.roblox.com/Forum/ShowPost.aspx?PostID=85787967&PageIndex=1

-- Many big items have shortened names-abbreviations to make it easier/quicker to say that item. Go to this list for help:
http://www.roblox.com/Forum/ShowPost.aspx?PostID=80218945





Please post questions/suggestions for V1.2. Tell me what parts are unclear and hard to understand.

☆ SimpleStar ☆
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FearReaper777 is not online. FearReaper777
Joined: 21 Apr 2009
Total Posts: 35577
08 Feb 2013 10:25 PM
tl;dr

Allons-y
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Supraah is not online. Supraah
Joined: 22 Dec 2012
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08 Feb 2013 10:25 PM
tl;dr
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winpo1 is not online. winpo1
Joined: 14 Mar 2009
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08 Feb 2013 10:25 PM
cat r fud

                                                                                                                                                                                                                                                                                                                    ~I'm a cat
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evilspartan9000 is not online. evilspartan9000
Joined: 09 Apr 2010
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08 Feb 2013 10:25 PM
why is this so long?
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DChusky is not online. DChusky
Joined: 27 Dec 2009
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08 Feb 2013 10:25 PM
ts;dr

Longer version pls
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FearReaper777 is not online. FearReaper777
Joined: 21 Apr 2009
Total Posts: 35577
08 Feb 2013 10:25 PM
HERE IS A BETTER WAY:
ASK LMAD

Allons-y
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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
Total Posts: 9244
08 Feb 2013 10:26 PM
tl:dr version:
do st00f and u get moneh
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rolandj is not online. rolandj
Joined: 14 Dec 2010
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08 Feb 2013 10:27 PM
i saw u in hunger games u were the first one i killed u low level nob

headphone flip
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iMultiply is not online. iMultiply
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08 Feb 2013 10:27 PM
[ Content Deleted ]
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thomaszand is not online. thomaszand
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08 Feb 2013 10:27 PM
tl;dr
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Pryovin is not online. Pryovin
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08 Feb 2013 10:28 PM
[ Content Deleted ]
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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
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08 Feb 2013 10:28 PM
@rolandj,
oya i remeber u sed "i kiled tailslide man"
dat made me lose self confidence
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carsonv6 is not online. carsonv6
Joined: 31 Dec 2011
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08 Feb 2013 10:28 PM
i just get lpps and upgrade

look where i am now
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HunterNoey is not online. HunterNoey
Top 25 Poster
Joined: 25 Sep 2009
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08 Feb 2013 10:29 PM
upgrading is fun
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rolandj is not online. rolandj
Joined: 14 Dec 2010
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08 Feb 2013 10:30 PM
yeye

headphone flip
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SimpleStar is not online. SimpleStar
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08 Feb 2013 10:31 PM
mhm
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sitar is not online. sitar
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08 Feb 2013 10:32 PM
*clap*
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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
Total Posts: 9244
08 Feb 2013 10:33 PM
ya ya
"clap" "clap"
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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
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08 Feb 2013 10:35 PM
*clap*
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yanky1 is not online. yanky1
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08 Feb 2013 10:35 PM
Cool
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JESSEE10 is not online. JESSEE10
Joined: 01 Sep 2008
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08 Feb 2013 10:36 PM
fat ppl cant stand reading, or stand
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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
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08 Feb 2013 10:38 PM
*cricket cricket*
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SimpleStar is not online. SimpleStar
Joined: 03 Feb 2012
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08 Feb 2013 10:40 PM
*Cricket*
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ClassicMobster is not online. ClassicMobster
Joined: 23 Jul 2010
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08 Feb 2013 10:41 PM
tl;dr

/@ClassicMobster - Got Milk?
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