Comments on: Insider: MTGO, The Mathematician and The Psycho https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:46:01 +0000 hourly 1 By: Alexander Carl https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52480 Thu, 25 Apr 2013 22:29:01 +0000 http://www.quietspeculation.com/?p=37172#comment-52480 Very much looking forward to reading your articles! @thoughtlaced

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By: Sebastien Morin https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52475 Thu, 25 Apr 2013 21:53:59 +0000 http://www.quietspeculation.com/?p=37172#comment-52475 In reply to maxiewawa.

The floor and ceiling prices are historical prices for the past 12 months approximately. We generally considered two full cycles (or seasons) and we will expand a little more on the spreadsheet soon. One thing to keep in mind if you intend to buy cards from the list is the fact tha the floor prices tend to increase over time for some Modern specs, due to increased popularity. So buying at a little higher price will probably be correct in October (more on this later too). Legacy has shown some strength in Mtgo lately, so we will probably adjust the expected floor prices in the months to come, and ceiling should be higher as well , unless mtgo makes massive reprints. But there is no sign of them intending to do that

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By: maxiewawa https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52412 Thu, 25 Apr 2013 11:46:54 +0000 http://www.quietspeculation.com/?p=37172#comment-52412 So the ceiling and floor in the spreadsheet are just highs and lows from the past? Or estimates on your part?

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By: Dylan Moline https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52395 Thu, 25 Apr 2013 07:43:58 +0000 http://www.quietspeculation.com/?p=37172#comment-52395 This. Is. Amazing.

This is the kind of insight I love to see here. I’ve been toying around with MTGO and this is a great jumping off point.

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By: Tian Yi Wang https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52348 Wed, 24 Apr 2013 18:04:05 +0000 http://www.quietspeculation.com/?p=37172#comment-52348 Looking forward to this! That post on portfolio management was excellent.

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By: robert bixler https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52347 Wed, 24 Apr 2013 16:46:59 +0000 http://www.quietspeculation.com/?p=37172#comment-52347 Read a couple of your posts a month ago or so and was really impressed, actually mistook you for Sigmund at first because you names both start with an S and you had incredibly solid posts in terms of professionalism and content.

I’m glad to see that you are writing insider articles now, as I feel you definitely have knowledge that we could all benefit from.

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By: tineforth https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52346 Wed, 24 Apr 2013 14:41:23 +0000 http://www.quietspeculation.com/?p=37172#comment-52346 Looking forward to reading this series of articles! 😀

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By: Lee Bosley https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52343 Wed, 24 Apr 2013 14:27:44 +0000 http://www.quietspeculation.com/?p=37172#comment-52343 In reply to Sebastien Morin.

Thanks Jeff.

I hope with the upcoming new MTGO interface that bots become much easier and cheaper to implement, and maintain. Although not TOO easy, else they’ll be thousands, all undercutting each other. Looking forward to it 🙂

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By: Sebastien Morin https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52337 Wed, 24 Apr 2013 13:26:46 +0000 http://www.quietspeculation.com/?p=37172#comment-52337 Jeff talking here:

To Lee Bosley:

2 articles migth interest you: the one on foils for sure, but also the theory of niche market. Ill cover that part cause even if we don’t do it now, we migth be foil traders later…Some traders specialize in trading only foils and do lot of $. Thing is, you have to know the market…How many particulars are stuck with foils and give them for ridiculous price…There is something there that I feel we should investigate. Also, we always keep an open mind cause more ways to make money usually means more money…

About the cards I see that could be huge in DGM, I always wait until all spoilers are revealed and we might also write something about it later, but we rarely do big speculation before I studied the meta change. Anyway, except for quick flips (1 tix or 0.5 tix profit) the prerelease is not the best place to make $.

To Joaquim Neumann: We will write articles (one per week) that will show you how to trade on mtgo, but, a lot of concept will apply to paper world too. We traded both paper and on mtgo and we came to the conclusion it was far easier to trade on mtgo (if you know correctly how to do so). So, you should like our articles. But if you want already something to read, you could read Sébastien post in the forum (portfolio management:tips and caveats) that covers a good part of how we started with a low bankroll and managed it to 5000. This is a good start for beginners, but our articles will go into far more details. Our next goal is 10000 and as we are talking now,we are in the process of starting a bot. So we will for sure talk about this experience later and once again, we will learn the hard way so that our readers will have it easier than us!

Hope you’ll enjoy! My first article will be on expected value and how you should take it into consideration when trading.

until next wednesday wish you good trading!

Jeff

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By: Joaquim Neumann https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52333 Wed, 24 Apr 2013 11:39:22 +0000 http://www.quietspeculation.com/?p=37172#comment-52333 Hi, thank you for your introduction. Can you elaborate a bit on what beginners should know when trading on MTGO? I am trading paper for a long time and tried it a bit on MTGO and to my opinion failed because it either takes ages until you get rid of your cards or the Bots scam the last tix out of you because they buylist all too low that one can make profit.

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By: Sebastien Morin https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52328 Wed, 24 Apr 2013 11:18:10 +0000 http://www.quietspeculation.com/?p=37172#comment-52328 Thanks for your comment. Your experience with Foils is quite similar to ours, and we feel newcomers should pay attention to what you have just described. For example, we got stuck for over 4 months with 3 copies of Foil ALA Elspeth, Knight-Errant, even though we were trying to sell them with a 3 tix discount, compared to most other bots.

Some players even agree to trade 1:1 their Foil copies for your regular ones. This shows how illiquid Foils can be online, and we will cover in details when Foils are a good investment, and when to stay away from these (which is quite often!).

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By: Lee Bosley https://www.quietspeculation.com/2013/04/insider-mtgo-the-mathematician-and-the-psycho/#comment-52326 Wed, 24 Apr 2013 10:53:26 +0000 http://www.quietspeculation.com/?p=37172#comment-52326 Nice introduction guys. Will your article be weekly?

Does Jean see any card in DGM that he thinks will be huge in Standard?

I am particularly looking forward to:

What Should You Do with Foils on MTGO?

When I first jumped onto MTGO, I quickly picked up a large amount of Foils for what I thought were great prices. But then I noticed the disparity between non-foils and foils was just not the same as in paper. MTGO Foils often command very little over their counterparts, and there’s just not as big market for ‘pimp’ online.

I’m still stuck with 40 Foil Shamans, which I know will be good and safe for a very longterm spec, but it tests my patience as I usually like to flip/reinvest within a few months. I also had some Foil Misty Rainforests, shifted a couple of singletons individually, but eventually ended up selling the rest for the same price as non-foil ones, as I just couldn’t find a sufficient market for them.

The average Foil Bot buylist prices are seemingly pitiful. Often less than a single ticket more than the normal counterpart. Shifting them to humans, individually, takes a fair bit of manual work with days online, dormant with your human ads.

This is in contrast to paper, where pimping is rife, any vaguely eternal staple that is in foil holds high desirability. Anyhow, I’ll come back to this when the article is actually released.

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