Spazzer’s Gold Guide - Playing the Auction House for Dummies

[Teh Canadian]

Doing a full rewrite of my guide and update on tips and tricks after MoP is released.

~Spazzer

[Teh Canadian]

Updated.

~Spazzer

[Teh Canadian]

Let me know if you have any questions.

~Spazzer

[Silverstein]

What have you done lately with the down economy due to pre-xpac?

[Teh Canadian]

Still making bulk :P Saving items and preparing to buy the and control the market come launch of xpac.

~Spazzer

[safetymanual]

I registered just to tell you that I suck at the AH and your guide helped me make roughly 25k in a week and a half.

[Teh Canadian]

Good to hear people are still using my guide. I am going start updating it again as I just got back into World of Warcraft after 6-7 months off.

~Spazzer

[QtDemon]

Good to hear people are still using my guide. I am going start updating it again as I just got back into World of Warcraft after 6-7 months off.

~Spazzer

Very interested, keep up the good work!

[Jysticim]

I want to give you guys a tip. IRL I am a trader, once in a while I play WoW like 1-1:30 hours a day. I love to make gold in WoW with playing the auction house. My tip is to use the site: www.theunderminejournal.com. Select your realm and there you are with a bunch of scarry information about the auction house of your realm. As Spazzer said enchanting materials are really good to start of with. If you really want to analyse the market then you should stick with MoP items. With these items you can predict the prices good.

- First go to theunderminejournal.com > US or EU > Your realm > Crafted > Enchanting

There you see all the enchanting mats and a bunch of more information about them.


[IMG] https://i.imgur.com/97TZPCD.png [/IMG]

Item = The item like illusion dust
Avail = How much of them are on the auction house
Price = The price they are going for at the moment
Mean = The average price of the item
Global Median = Average price in the world
Std dev = Is about the volatility of the item, high means that the price can go down and up very fast.
95% CL = Is the price above or below normal at the moment. If the dot is at the right side it is above it and if the dot is on the left side it is below it. Don't confuse this with Price and Mean. Mean is about a long periode. 95% CL is about the expected price of the item.

For this example we are going to use Ethereal Shard, it is a MoP items so the supply and demand is high. Click it, then you see at the right a tabel with some more information about the item. In the beginning you don't really need the information. We scroll down to the charts. Here we begin to read the charts.


[IMG] https://i.imgur.com/1hjUpa3.png [/IMG]

As you can see in the early days of January there is a good pattern. I choose this item because of that. If you are good in chart reading then you can see in almost every chart a pattern but not everyone likes chart reading as me so we are going to leave it simple. Let's move on shall we. If you move over the chart with your mouse you see the X time when the item had Y value. ( This chart is from the server Ragnaros, a high populated server). As we can see every day there is a big peak in the chart. That is when there is almost no Etereal Shard on the Auction house. This is where you want to post your items.

Sun Dec 29, 01:21 pm = Price 36g Quantity 8
Mon Dec 30, 11:54 am = Price 36g Quantity 3
Tue Dec 31, 12:48 am = Price 26g Quantity 35
Wed Jan 1, 03:16 pm = Price 34g Quantity 13
Thu Jan 2, 04:34 pm = Price 35g Quantity 63
Fri Jan 3, 10:15 am = Price 32g Quantity 184
Sat Jan 4, 11:36 am = Price 32g Quantity 92

Here you can read a good pattern, but there was a problem that week. It were the holidays in EU so that is always a bit tricky. As you can see the price goes up in the weekends from 10:00-14:00. And in normal weeks from 12:00-16:00. These are the times that you want to post Etereal Shards. You always want to buy them arround peak time and that is arround 17:00-19:00 on my server. If I buy arround that time it will cost me arround 14-20g from the AH. If you have some time you can also try to buy from trade, always 25-35% under the AH price. Let's say average I will buy my Ethereal Shards for 18g, I will sell them average for 28g so that is 10g profit for 1 Ethereal Shard. Ofcourse I don't have all day to camp the AH to see when the price will go up, but I know arround what times it is possible. There is a function on www.theunderminejournal.com that send you an notification when the price is X. I set it that week to like 25g, Every week I change it. When I get that notification I check the chart for that day and then I will decide when I will post the Shards, easy way to do that is to post when there are 50 shards or less this will work 80% of the time.

To start you should do this with 3 different MoP items, allong the way you add more MoP items and so on. I do this with alot of MoP and Cata items. How older the items the harder it is.

I hope you learnt a bit about analysing the market and let the money rain begin.

PS: My english is not my native language =(

[Teh Canadian]

Great information Jysticim. I use to be very in depth with my analyzation of gold and price changes.. but I find it can fluctuate drastically and for most it's too much work. If the average person wants to improve their gold earnings I would 100% agree with them looking at it your suggestions... however, you can't go wrong with buying stacks that are cheap and matching the higher priced stacks.

Example: I have accumulated a retarded amount of gold just by buying all the low stacks of Windwood Cloth and reposting it for the top prices. (20g Stacks > 40g Stacks = 20g Profit PER Stack)

~Spazzer

[Teh Canadian]

Update guide. Change all pictures to MoP items.. (Windwool Cloth) and current content.

~Spazzer

[Teh Canadian]

Looking at incorporating TSM by request of a few people. Guide updated with more new 5.4 updates.

~Spazzer

[martinwa]

Very nice guide looking forward too the TSM update!

[Teh Canadian]

I have been written the TSM update for my guide but it is coming slowly as this is one of my 'free' projects and is always on my last to do list... and I have a big to do list..

Thanks for the feedback.

~Spazzer

[Teh Canadian]

Updated some errors.

~Spazzer