What’s up guys? How have you all been? It’s been over a month since my last article and there have been a few reasons for it. The first is I am starting a company and have been spending a lot of time working the finances and getting a plan into place. The second reason has to do with my rededication to making a ton of money trading/buying/selling cards. I try to hit up a store 4-5 nights a week and trying to have a normal social life eats into my free time to write up an article. The last reason is that there have been a ton of articles on trading recently and I wanted to make sure what I was saying was relevant and not going off of what someone else was saying. So on to what I want to say.
I suppose I will start with the giant elephant in the room and talk about Pete Jahn’s article. He basically makes the argument that Pack to Power traders are stealing by not adding any additional value to the end product. He also claims that one of the reasons for this is that the people doing the trading don’t have the inventory to warrant this additional value obtained by providing people with any card they want in an instant.
Pete Jahn’s Article
Now, I have to agree with a part of his article. The part I agree with stems from my perception of P2P and how I feel like it has bred a new kind of trader and not a good kind either. P2P is about the endgame and getting to that power no matter how quickly, and at this point I have turned away many people trying to trade with me for P2P. These traders don’t care about the individual or setting up a dialogue for future trading with the person they are trading with, they only care about the profit margin. Actually, in all honesty, if you analyze these trader’s actual trades, they are downright bad traders. That guy on ChannelFireball had some of the most awkward trades I have ever seen. It actually hurt to read some of them. These people are also borderline irritating. One guy wanted to trade with me so badly and wouldn't leave me alone, I didn't feel bad when I took him for at least $25 of value from his P2P binder and told him about it after wards.
You have people rushing head first into trading and a lot of what trading is is experience more than just reading some articles and thinking you know stuff. I did another trade before states for Frost Titan with a local shark, got a playset from him for a Molten-Tail Masticore plus something else small. At the time it was in his favor, however, this past week they spiked up to at least $12 apiece. The trader came into the store bitching at me because I got him on the trade and I told him at the time it was fair, why is he upset? He said I knew they would spike up. And I said "yep" and laughed. The rest of the night was a bitch-fest from him.
Now, I only get to talk to Gerry everyone once in awhile since we both are very busy with different things, but these days, if he has something to say, people financially invested in this game should be listening. Back before States this year, Gerry announced on Facebook that “Frost Titan is the most underrated card in Standard.” Five jumps and a skip later and this card is basically the hottest thing in Standard at the moment (Do not mistake Hotness for High Price). Last week he mentions Gaea's Revenge and this card jumps up huge percentage points this past week. If he says something is good, even if it turns out to be a bit questionable in the end, the short term affect on the prices of these cards should be enticing for people that can get large quantities quickly and then turn them over just as fast.
The last point kind of leads into this one; everyone is telling you all of these cards to speculate on, and at this point, you might as well just buy a 100 of each card in standard and you will cover every writer on the net. The one underlying similarity is that most of these people are telling you to invest in Rares. Everything from Blade of the Bloodchief to Training Grounds are being recommended. I think this is 100% wrong these days. How many rares have ever gone from small time to being $10+ guys? Very few at this point. To make any money on rares, you will need to pick up 100s of a rare. Pyromancer Ascension for example, went from $0.50 at the start, then up to $2. $1.50 profit is made if getting the card before the spike, and to even make any noticeable profit, you need at least 40 of these things, if you are like me, I would want to make over $100 on getting a card to expect a spike on or it just isn’t worth my time. Instead of rares, I would by focusing on mythics. The examples should speak for themselves. Frost Titan and Gaea's Revenge all have gone up and would have continued to spike in real life if Standard was going to be more relevant in the coming months. Unfortunately, Sealed and Extended come first so you will have to wait till Spring time to make a move on them. MTGO is another story and I would expect both to continue to go up.
Beyond being thrilled to no end about a GP in Pittsburgh and 3 minutes from my house, there is a very interesting fact about the schedule: The formats are spread out throughout the year. This past year, the first half were all constructed until Columbus when the formats switched over to Limited. This coming year, you have all sorts of formats spread through the year. This might do some interesting things to card prices. There are not many Standard events that are large throughout the Fall except States. Cards might have bigger spikes or maintain price momentum longer. Should be exciting to see!
Changes to WPN Format
This has also caused an uproar; however, I think this is a great move by WoTC. They are protecting the store owners that bring in the most new players. People learn the game from their local LGS, not from some random magic club at a Denny’s or a local university. They cannot regulate the legitimacy of the events and I think that is better covered at a LGS. The large lawsuit issued in Alabama about hundreds of fake tournaments over a few years is a prime example as to why this is a good thing. An indirect event due to this change was the closure of Deckcheck.net. I have gone on the record saying the owner copped out by blaming Wizards for his reasons for closing. I think he is hurting the Magic community more than he is hurting Wizards. If he just said he didn’t want to do it anymore, he could have passed it off instead of straight closing it. This will have a negative impact on speculation of magic cards. So much tournament data will now be missing it might be harder to find a card that has done something significant in different parts of the world.
That’s all I really have to say, hope you enjoyed it and at this point, I might make this more of a monthly series. That way I can cover several points at once and not run articles full of fluff and random trades.
Chuck- How awesome is this show?!
Water- Put the soda down for a month, and notice how much weight you will lose from just stopping this.
GP Schedule- Gotta love having one in my backyard as well as 2 more Legacy events
Vintage Cards- Have a feeling that another spike is primed to happen due to the popularity boom
Family Feud on Facebook- So addictive these days
Maurice Jones-Drew/Ray Rice- You guys are killing me, ruining my fantasy teams. Ugh
Junk Food- Just so bad for you these days
New York Yankees Pitching Staff- Ugh, things need to change for next year if the Yanks are to get that 28th title.