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Author
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Topic: speculation fails
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MTDetermine
Member
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posted January 23, 2013 06:42 AM
      
quote:
Originally posted by Timmyhill:
MTD I'm not sure what kind of job you have but I want in... I'd love to have 40k sitting around I could spend on cards.
After deducting payroll tax, I earn about $2750 per month, gave my mum $500, spend $400-750 per month and spend the rest buying MTG cards. That went on from Oct 2007 - Aug 2009 and from Sep 2011 till now (Between 2009 and 2011 I was studying Masters and looking for a job). Whatever profits I earn from trading, I put it back into cards. Got the 40k cash pile because I went overseas in Dec 2010 and sold $50k of cards in that month. After paying off 10k that I owned to my mum, I had 40k cash left. But within 3-4 months, those 40k cash are gone, back into cards again........In fact, in May 2011, I got into a mini-financial crisis because I did not have a regular salary for nearly 2 years (my 1-year Masters was self-financed). When I visited my brother in Australia for 6 weeks, I only had $50 Aussie dollar on me. But I had earlier agreed to sell a German Revised FBB booster box and 7 played FOW to a Aussie MOTL member for $1545 and that is how I financed my Aussie trip......
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xxxcryoserumxxx
Member
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posted January 23, 2013 12:35 PM
 
Not a real bad spec but I bought Niv-magus elementals at 3-4 each and last I checked its about 1.5. I was told it would be the next tarmagoyf.
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Lord Crovax
Member
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posted January 23, 2013 12:48 PM
quote:
Originally posted by MasterWolf:
My biggest success was buying up 20+ Judge Cradles from Cardkingdom @ $25 each.My biggest fail was reselling them back to another vendor @ $25 each because I needed the cash. SIGH
Hate when that happens, done this a few times myself, hated it every time. __________________
I shall have the souls of all who defy me. "Lord Crovax"
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ertaisfamiliar
Member
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posted January 23, 2013 05:19 PM
Success: Trading for every fetch in the day or two after Modern Masters' announcement, then seeing SCG double the price.Failure: Trading away a foil Deathrite at the pre-re for $25. Heh.
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MTDetermine
Member
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posted January 23, 2013 07:32 PM
quote:
Originally posted by MasterWolf:
My biggest success was buying up 20+ Judge Cradles from Cardkingdom @ $25 each.My biggest fail was reselling them back to another vendor @ $25 each because I needed the cash. SIGH
that is why cash/holding power is important to be able to capitalize on gains. i have to sell a few hundred zen fetches in the last 6 months because i was effectively operating with negative cash and need to raise cash to fulfill.my trading and debt obligations.
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yakusoku
Member
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posted January 23, 2013 08:02 PM
I bought a few playsets of Heartwood Storyteller early then realized I had accidentally deleted the word "non-creature" when reading the card.I ended up selling them off as bulk for $0.10 each. I wish I had bought as many Tarmogoyfs (but I still bought a playset for $60 when it was a solid card in Standard). My most recent big speculation was to spend about $1k on INN dual lands. Here's most of the lands.
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baldr7
Member
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posted January 23, 2013 09:08 PM
quote:
Originally posted by ertaisfamiliar:
Failure: Trading away a foil Deathrite at the pre-re for $25. Heh.
I'm with ya. I was ecstatic when I picked up a jap foil for 12 and flipped it for 30 on release day 
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MasterWolf
Member
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posted January 23, 2013 09:26 PM
quote:
Originally posted by MTDetermine:
that is why cash/holding power is important to be able to capitalize on gains. i have to sell a few hundred zen fetches in the last 6 months because i was effectively operating with negative cash and need to raise cash to fulfill.my trading and debt obligations.
I agree. But at the time I was just a college kid with no disposable income and bills had to be paid. That's why I've always believed it's easy to make money once you have money. Now that I have the backing of a store, I'd never sell myself short like that again 
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Lord Crovax
Member
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posted January 23, 2013 09:30 PM
quote:
Originally posted by yakusoku:
I bought a few playsets of Heartwood Storyteller early then realized I had accidentally deleted the word "non-creature" when reading the card.I ended up selling them off as bulk for $0.10 each. I wish I had bought as many Tarmogoyfs (but I still bought a playset for $60 when it was a solid card in Standard). My most recent big speculation was to spend about $1k on INN dual lands. Here's most of the lands.
Loved Inni Lands, didn't get nearly as many as you did, but when they hit double digits I had ~ 2-3 playsets of each, I had been able to pick up locally. __________________
I shall have the souls of all who defy me. "Lord Crovax"
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hilikuS
Member
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posted January 24, 2013 05:53 AM
quote:
Originally posted by xxxcryoserumxxx:
Not a real bad spec but I bought Niv-magus elementals at 3-4 each and last I checked its about 1.5. I was told it would be the next tarmagoyf.
Yeah a bunch of people around here were on about that. I was like, did you guys read this thing? It sucks. The one guy I made sure to show him the pre-sales on one of the websites I found that had 50 of them at $2.50 or something. He was buying them up like crazy at the pre-release (paying $5 a piece). I was hoping one day he'd show up to the shop with all 50 and be like CHECK IT OUT DOODS! Then I'd be like muhahahahaa, dummy.
I once got a Mishra's Workshop for 3 Seedtime and throw-ins (when Seedtime had some value). It was awesome.
Then I sold it for $45. Then Mirrodin came out and it was $200...
[Edited 1 times, lastly by hilikuS on January 24, 2013]
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jshields
Member
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posted January 25, 2013 01:54 PM
I remember buying 2 playsets of Gaddock Teeg, when he debuted as the new meddling mage, reatailing at $80 per playset, and thinking I was really "lucky" to get my 2 playsets for a mere $56.00 each! There are definitely 2 kinds of luck on speculation, and this just ended up being the bad kind of luck for the initial loss, but I was still fortunate enough to find someone that was willing to give me $70 in trade for the 2 sets during the Magic game day in the form of 6 Demigod of Revenge (Worth around $7 each) and 12 new filter lands (worth about $3 each) This initially crappy bet turned out to be a big success once lorwyn block became popular and modern started up!
[Edited 1 times, lastly by jshields on January 25, 2013]
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sys41o
Member
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posted January 27, 2013 04:15 PM
quote:
Originally posted by coasterdude84:
Seedtime
Dido.
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rockondon
Member
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posted February 05, 2013 02:47 PM
I just bought 6x foil hellkite tyrants for around $10 each including shipping. As well as a couple playsets for a few bucks/playset. It should go up in value since I'm thinking it'll be a staple in EDH decks. We should find out in a month or two whether I should be embarassed or not. __________________
|My Angels~My P9 l""|"\__,
|~~My #1 Angel~~l'_|'_|_|)
|(@)(@)""***|(@)(@)**|(@)
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Lord Crovax
Member
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posted February 05, 2013 03:14 PM
quote:
Originally posted by rockondon:
I just bought 6x foil hellkite tyrants for around $10 each including shipping. As well as a couple playsets for a few bucks/playset. It should go up in value since I'm thinking it'll be a staple in EDH decks. We should find out in a month or two whether I should be embarassed or not.
Foils yea, those should be 20-25 at least come a few years from now, non-foils probably 1.50-2.50/ea, seems where most mythic EDH dragons have settled at. __________________
I shall have the souls of all who defy me. "Lord Crovax"
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marlo213
Member
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posted February 05, 2013 04:02 PM
five alarm fire seems terrible right now. I made a token deck that's pretty descent if bonfire wasn't a card
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Lord Crovax
Member
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posted February 05, 2013 06:01 PM
quote:
Originally posted by marlo213:
five alarm fire seems terrible right now. I made a token deck that's pretty descent if bonfire wasn't a card
Blind Obedience is seeing play, and turning out as good as I believed it would be, price seems stable atm. __________________
I shall have the souls of all who defy me. "Lord Crovax"
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harbingerofthevoid
Member
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posted February 05, 2013 08:10 PM
Sleight of Mind then all the reprints/reduxes/etc... troll
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gregmacknass
New Member
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posted February 07, 2013 02:40 PM
My older brother won big with Jace TMS. He was buying them hand over fist, and literally sunk all of his money (and some of mine) into them. He was buying online stores out of their stock at $20 a pop. He must of had 300+ at least. He said just wait and see, I'll be laughing all the way to the bank on this one. He sat on them for a few months, and was selling them back to the same stores that he bought them from for 3x what he paid for them. I still salute him for his foresight on that one.
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stizkidz
Member
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posted February 07, 2013 02:50 PM
FYI, this thread is about speculation FAILS.
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Volcanon
Member
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posted February 07, 2013 03:47 PM
quote:
Originally posted by stizkidz:
FYI, this thread is about speculation FAILS.
Once I opened a pack and got Lindsay Lohan pre-drugs. It was pretty leet for a while until she turned into a druggie has-been. Totally lost value on that one.
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gregmacknass
New Member
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posted February 07, 2013 04:38 PM
quote:
Originally posted by stizkidz:
FYI, this thread is about speculation FAILS.
I figured that it would be a better read than how I lost out on thousands, by selling off 2+ sets of power, 6 moats, 8 bazaar of baghdad's a mere few months before the prices skyrocketed. I have speculated before and lost almost every time. Some may see potential in a certain card, but until WOTC decides to print the supporting cards, you have virtually nothing. I have lost thousands, and made thousands, but that is the nature of the beast. Speculating on cards is at best risky, and at worst plain retarded. Very rarely does it ever pay out, and when it does it will usually only cover your losses on other failed speculations. In a sense it is very much like lottery tickets in the fact that every once in a while you will hit a winner, but 9 times out of 10 you are gonna lose your hind side. I choose to steer clear of speculating anymore, and choose to invest in sure bets instead. This thread just reminded me of the whole experience, and I figured that I would share. I am sorry if I was just thread crapping.
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NorCalMtg
Member
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posted February 08, 2013 09:10 AM
My 100 Shadow of Doubts (referenced earlier) are starting to see play. Thanks Wafo-Tapa!
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I3Iood
Member
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posted February 08, 2013 11:06 AM
quote:
Originally posted by gregmacknass:
Very rarely does it ever pay out, and when it does it will usually only cover your losses on other failed speculations. In a sense it is very much like lottery tickets in the fact that every once in a while you will hit a winner, but 9 times out of 10 you are gonna lose your hind side.
Not sure how or what you speculate on, but I do not see these numbers at all...and I am sure most people do not.
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Zeckk
Member
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posted February 08, 2013 11:10 AM
quote:
Originally posted by I3Iood:
Not sure how or what you speculate on, but I do not see these numbers at all...and I am sure most people do not.
+1. I honestly wish I had the income to speculate in greater amounts, considering my track record. I'm still kicking myself for not picking up more playsets of foil Craterhoof Behemoths when they were at $2 each....
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