Trading Day 14

Bought
10 x Copper Ore - 1s 70c
13 x Linnen Cloth - 13s 85c
20 x Copper Ore - 3g 50s

Total Expenditure - 3g 65s 55c

Sold
1 x Razors Edge (Axe) - 87g 7s 74c
1 x Dream Shard - 4g 75s
20 x Copper Ore - 6g 65s 33c
20 x Linnen Cloth - 1g 43s 28c

Total Income - 99g 91s 35c


Current $$ on hand - 294g 68s 75c

Trading Day 13

Bought
1 x Moss Agate - 34s 80c
1 x Razors Edge (Axe) - 22g 22s 22c
1 x Sun Crystal - 41s 20c
9 x Linen Cloth - 11s 25c

Total Expenditure - 23g 09s 47c

Sold
1 x Star Ruby - 9g 65s
1 x Book of Survival - 11g 44s 20s
1 x Moss Agate - 9g 51s 20c

Total Income - 30g 60s 50c

Current $$ on hand - 243g 87s 75c

Trading Day 12

Not much action today, mainly just looking to buy atm

Bought
1 x Mageweave Cloth - 10s 12c
1 x Star Ruby - 91s

Total Expenditure - 1g 1s 12c
Sold

None

Total Income - 0g 0s 0c


Current $$ on hand - 258g 6s 64c

Trading Day 11

2 interesting points for todays trading.
I found someone who was selling 4 x runecloth bags for 12g, and as I needed bags, I took them.
Also I started a small test a while ago. How long would it take me to sell the lowest vendor item - course thread, for a profit on the ah. Well it took 9 days, but it did sell. Thus if I has not got lucky on my first AH buys, this was a way to start getting that first crucial extra copper to start proper trading with.

Bought
4 x Runecloth Bags - 12g
3 x Small Dream Shard - 4g 35s
1 x Crystalspine Stinger ( Crossbow ) - 49s 78c
4 x Malachite - 1s 15c
2 x Infinite dust - 1g 14s 40c

Total Expenditure - 18g 00s 33c

Sold

1 x Silver Bar - 4g 75s 30c
1 x Silver Bar - 4g 75s 30c
10 x Silver Bar - 42g 78s
1 x Shadowgem - 1g 43s 22c
1 x Shadowgem - 1g 43s 22c
1 x Small Egg - 1g 90s
1 x Small Egg - 1g 90s
1 x Small Egg - 1g 90s
5 x Silver Bar - 19g 1s 50c
1 x Silver Bar - 4g 75s 30c
1 x Silver Bar - 4g 75s 30c
1 x Silver Bar - 4g 75s 30c
1 x Silver Bar - 4g 75s 30c
1 x Course Thread - 95c

Total Income - 103g 63s 99c

Current $$ on hand - 258g 34s 30c

New Rules?

In thinking about the rules to whichIi want to try my experiment, I have come upon a delema. I have stated that I will learn no trade skills. But here is the dilema. It is obvious that some crafted gear will produce a greater profit, ie netherweave cloth stack bought for say 6 gols, crafted into a bag (add 50s for the thread) will sell for 11+ gold, and sell fast as the insatiable need for these bags never ends. So how can I work around this problem.
So i am going to advertise in trade chat that i need someone to make x and what will they charge to do so. Now what I am looking to do is get up a regular clientelle of crafters that i can use, thus I cannot be a poor tipper or screw them over.
I do think this keeps with the ethos I stated at the start of the experiment. It also opens up more possible ways of maximising my investments.

No Trades today

Day off trading today. I have been just relaxing a and not worrying about any trading.
Have got some ideas I will put down tomorrow.

Trading day 10

Bought
1 x Book of Survival - 5g 25s
1 x Moss Agate - 10s 92c
1 x Dream Shard - 2g 81s 24c
1 x Dream Shard - 2g 81s 24c
1 x Dream Shard - 2g 80s 85c
1 x Dream Shard - 2g 94s 74c
1 x Dream Shard - 2g 81s 24c
3 x Silver Bar - 3g 37s 10c

Total Expenditure - 22g 92s 33c

Sold
1 x Moss Agate - 3g 81s 20s
1 x Silver Bar - 4g 75s 30c
1 x Silver Bar - 4g 75s 30c
1 x Dream Shard - 3g 56s 24c
1 x Dream Shard - 3g 56s 24c
1 x Dream Shard - 3g 56s 24c
1 x Dream Shard - 3g 56s 24c
1 x Dream Shard - 3g 56s 24c
1 x Shadowgem - 1g 43s 22c

Total Income - 32g 56s 22c

Current $$ on hand - 179g 4s 57c

Trading Day 9

Day 9
Bought
1 x Living Essence - 9s
1 x Malchite - 6s 16c
4 x Small Egg -1s
1 x Tigerseye - 1s 65c
1 x Silver Bar - 4g
19 x Silver Bar - 50g

Total Expenditure - 54g 17s 81c

Sold
3 x Copper Bar - 95s 6c
20 x Tin Bar - 6g 67s 10c
20 x Tin Bar - 6g 67s 10c
20 x Tin Bar - 6g 67s 10c
1 x Star Ruby - 5g 85s
1 x Malachite - 71s 37c
1 x Living Essence - 3g 35s

Total Income - 30g 87s 73c

Current $$ on hand - 165g 48s 63c

Day 8

Trading Day 8

Bought
20 x Tin Bar - 15s 61c
20 x Tin Bar - 15s 61c
20 x Tin Bar - 14s 19c
2 x Essence of Undeath - 40s
1 x Tigerseye - 1s 65c
3 x Shadowgem - 18s 90c
1 x Star Ruby - 4c
3 x Copper Bar - 1s

Total Expenditure - 1g 7s



Sold
1 x Ice Cold Milk - 95s
1 x Ice Cold Milk - 95s
1 x Ice Cold Milk - 95s
1 x Ice Cold Milk - 95s
1 x Heavy Crocolisk Stew - 2g 68s 50c
1 x Essence of Undeath - 2g 40s 50c
1 x Dark Jade - 2g 40s 25c
1 x Dark Jade - 2g 40s 25c
1 x Dark Jade - 2g 40s 25c
1 x Dark Jade - 2g 40s 25c
1 x draginbreath Chilli - 4g 80s 22c
1 x Dark Jade - 2g 40s 25c
1 x Dark Jade - 2g 40s 25c
1 x Dark Jade - 2g 40s 25c
1 x Dark Jade - 2g 40s 25c
1 x Essence of Undeath - 2g 40s 50c

Total Income - 35g 3s 72c

Current $$ on hand - 188g 25s 31c

Day 7

I am flying back home so no trades will be done on day 7

Trade Routes

Trade Routes such as Silk Road where a way for a merchant to expand not only his stock but also his customers and connections.Likewise today was a day of creating a new few trade routes. I set out for the Crossroads, and as I am only a lvl 1, encountered some resistance on the way, but was able to arrive there without to much hassle. After getting the FP I then gathered a few of the lower lvl recipes from the local vendor and then tracked my way Camp Taurajo, but not finding any recipes, i then made the daunting trek to to Brackenwall village. There I also purchased a few recipes. I will no see if this is a viable trade route and also later on expand to more.


Day 6
Bought
1 x Strider Stew - 4s 18c
1 x Crispy lizzard tail - 3 s 80c
2 x Dragonbeath Chilli - 1g 23s
1 x Roast Raptor - 47s 50c
1 x Carrion Surprise - 47s 50c
1 x Heavy Crocolisk Stew - 19s
2 x Dark Jade - 2g 77s 18c
1 x Dark Jade - 1 g 38s 60c
1 x Dark Jade - 1 g 38s 60c
1 x Dark Jade - 1 g 38s 60c
1 x Dark Jade - 1 g 38s 80c
2 x Mote of Fire - 12s 80c
11 x Runcloth - 1g 50s 40c
3 x Malchite - 1s

Total Expenditure - 12g 40s 76 c


Sold
1 x Gutbuster - 14g 88s
1 x Glyph of Taunt - 1 g 42s 80c
1 x Green Dye - 1g 42s 56c
1 x Roast Raptor - 2g 88s 72c

Total Income - 20g 62s 08c

Current $$ on hand - 157g 74s 3c

Day 5

Day 5 was a milestone trading day for 2 reasons. I had my biggest trade profit, and I broke through the 100g barrier 2 days earlier than my goal.
The Drums of forgotten kings I picked up for 91s I turned around for 52g 40s. Again showing good bargains are always to be had if you search hard enough. SOme will say i should have made the price higher, as they are going for around 75g a set of drums. True bit i was looking for a quick sale to build up my gold stock first. When i have more capital them i can not be too worried about making a quick sale

Well here are Todays trades
Bought
4 x Silver Bar - 10g
1 x Flame Spessarite - 37s 50c
1 x Gutbuster (gun) - 5g 55s 70c

Total Expenditure - 15g 94s 20c

Sold
1 x Shadowgem 3g 85s 72c
1 x Shadowgem 3g 85s 72c
1 x Drums of kings(50 Charges) - 52g 40s
1 x Flame Spessarite - 3g 87s 50c
1 x Silver Bar 3g 32s 80c
1 x Silver Bar 3g 32s 80c
1 x Silver Bar 3g 32s 80c
1 x Silver Bar 3g 32s 80c


Total Income 77g 4s 14c

Total $$ on hand - 151g 78s 83c

DAY 4

Am going to try to catch up a bit over the next few days

Bought
1 x Lesser Planar essence - 1s 28c
20 x Netherweave cloth - 2g 45s
20 x Netherweave cloth - 2g 45s
20 x Netherweave cloth - 2g 45s
6 x Infinate Dust - 1s 5c
19 Silk cloth - 44s 85c
1 x Shadowgem - 4s 5c
2 x Shadowgem - 3g
2 x Runecloth - 13s 85c
1 x Drums of kings(50 Charges) - 91s

Total Expenditure - 12g 89s 8c


Sold
1 x Lesser Moonstone - 1g 6s 30c
1 x Lesser Planar Essence - 95s
1 x Greater Planar Essence - 10g 45s
20 x Netherweave cloth - 6g 18s
20 x Netherweave cloth - 6g 18s
20 x Neherweave cloth - 6g 18s
20 x Netherweave cloth - 6g 18s
20 x Netherweave cloth - 6g 18s
1 x Infinate dust - 95s
1 x Lesser Planar essence - 2 g 37s 50 c
1 x Infinate dust - 1 g 4s 50c
1 x Infinate dust - 1 g 4s 50c
1 x Infinate dust - 1 g 4s 50c
1 x Infinate dust - 1 g 4s 50c
1 x Infinate dust - 1 g 4s 50c
3 x Heavy leather - 1g 91s 32c
20 x Heavy leather - 13g 39s
20 x Heavy leather - 13g 39s
19 x sik cloth - 1g 51s 3c

Total Income 82g 11s 65c


Current $$ on hand - 69g 55s 19c

Late update

I am flying out today so the daily trades will be a little late

Day 3 trades

Today trades
Bought
20 light leather - 4s 50c
2 leather - 1 s
14 netherweave - 3g 11 s
3 x copper bar - 5g 25s
3 x heavy leather - 9s 34c
1 x lesser planar essence - 1s 22c
1 greater planar essence - 27c
1 x lesser moonstone - 10s 85c
8 x netherweave - 1g 16s 50c
20 x netherweave cloth - 3g 34s 20c
20 heavy leather - 78s 11c
20 heavy leather - 78s 11c

Total Expenditure 14g 66s 10c


Sold
Greater mystic essence - 1 g
8x copper ore - 2g 37s 62c
1 x silver bar - 3g 32s 80c
1 x silver bar - 3g 32s 80c
1 x silver bar - 3g 32s 80c


Total income 13g 36s 2c


Current gold on hand - 24g 20s 60c

Today was a day for building up some stock. Some like the silver bars, were flipped and sold straight away. Most of the other stock was put back up for auction straight away. I have sometimes been buying single items, ie lesser planar essence, so I can create a greater one when I get some more items, or like the light leather, which i will try to get another 18 or so to put up.

So some immediate goals : 100 gold withing 7 days - 1000 withing 3 weeks

Atm i am focusing on anything that i think to be a low price, but i have noticed that enchanting and jewel crafting mats seam to be the most common and can be flipped quickly. Although I have 1 glyph, I am going to keep away from this market.

I am putting all my trades into a spreadsheet with daily tabs. I am not keeping track of any Ah charges, as they don't really have much of a reference, i will be doing a weekly stock check as well.

Also i will put up screen shots when I think they are of interest or will teach a point

If you have any suggestions or idea please let me know

Day Two

Breakdown of the day trades

Starting balance 1g16s

Items bought on AH
3 lesser mystic Essence bought for 1s converted into 1 mystic essence
Glyph of taunt - 1s 15c
20 thick leather 1g16s (1 Stack)
Jade - 19 silver 40 copper
2 Silver bar bought for 3s 15c
1 Stack of 5 milk - 1 silver 19 copper
1 netherweave - 10s
8 copper - 1 s 25 copper
5 wool - 5 silver

Total outlay 1g 58s

Auctions sold
Jade 5g 72s 10 c
5 wool 1g 90s 48c
1 stack thick leather 14g 43s
2 silver bars 5g 70s 60c

Total income 27g 76s 71c

Gold on hand - 20 85 10 - 6g 89s 61c in bids overnight


I will expand one some of my goals and Gold theory tomorrow

First Trades

Before i get to the first trade I will state that atm I am using the addons of Auctioneer and Marketwatcher.

It took 2 days to find my first trade on the ah. In fact I managed to do 2 trades on this day. To be honest I was lucky with the first one, it was a no buyout of 6 smoked redfin which i got for 1 copper. This sold to the vendor for 20 silver.

This was a pretty big first trade, i thought it would take a few trades to get to a few silver. The next one was quite unbelievable.


And I think this shows that people dont really understand the true value of items.
Some has listed a Perfect Bold Bloodstone on the AH for a 12 copper buyout. This sold to a vendor for 1 gold, so it was a no brainer.







Bought - sold - my balance for the day was 1 gold 15 silver and some copper.

The act of exchanging money or services for goods has been going on since the very early recording of human history. It has brought about environmental and political change, both for good and bad. It opened up the world, as the need for spices drove companies to search for foreign lands. today it creates great wealth and can also take it away.
Inside the World of Warcraft it is a vital element of the game. But I think it has taken on a life of its own.The wow economy has developed to such a point that it is a game in itself.
So that is what this blog is about.
I have created a new toon , Horde side, sent him off to to the nearest city with a Auction house, in this case Orgrimmar. He then sold all the items he had on him which can to 14 copper
14 copper. That is all the starting funds he will start with. This toon will not quest, will not learn any trades. he will not accept any help ie quick gold from signimg a guild charter etc... He will try to get to the gold cap by only trading on the Auction House. Is this possible? I believe so, but the time taken to achieve this is the unknown factor, could be 1 year, 2 years......
This will be a open daily account of what is bought and sold on the AH, inventory listing, as well as any other expenses.
I an recording everything that happens, Every transaction that is completed will try to be screen shotted for record management.
This is the basic brief of what i am trying to accomplish. I don't know if it has been done before, and atm i can find no reference to it being done.

There are some other rules i am going to stick to that i will be explaining in the comming days.

Let see where this goes...