Sunday, October 5, 2014

Why do investors share their picks?.. (Part 4 of 4)

Part 4 (Conclusion)

Once the prices start to drop drastically, all the investor's followers will start selling out the cards, some will still make some profit but many will make a loss.
The 210 Event tickets this supposed investor made will be coming from a combination of losses between followers and sometimes even bots. 


What can we learn from this?

If you are someone looking for making some profits and decided to follow someone else's investment idea, remember that the investor will likely always make the most out of it as he/she got to buy the chosen card at the lowest price. If you're just getting started, I would recommend you to try your investment skills in low risk cards such as "bulk" 10cent rares that have potential of becoming "decent rares" (if a bulk rare goes up to 0.30, you may be looking up to 200%+ return).
If you are just a everyday bot user, luckily MTGO Library bot has options to deal with this!
The Buy/Sell consistency tool would help you on this specific situation the following way:
After selling the chosen card at its "lowest" ~30tix sell pricemark the bot would very slowly increase the old ~25 tix buy price and even limiting it to 30 tix for a set number of days, preventing you from "accidentally" buying it for 35+ after the burst of people looking for it.
Although this feature was heavily criticized by investors themselves, it's still a crucial tool to prevent bots for taking up big losses on these specific cases.

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