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*EDIT ā My apologies if youāre just seeing this Friday morning. I did my best to get this out by Thursday AM, but commitments caused delay. - Tarkan
Hello QS readers! We have an exciting weekend coming up with Pro Tour SOI, and I hope to offer what insight I can to increase your odds of financial success. Be sure to tune into the QS Pro Tour coverage, andĀ groups such as the MTGFinance Central Facebook page, as thatĀ will help you be one step ahead of surging demand and potential price hikes.
At this point, you should have all of your speculative buys in hand. There are plenty of writers here (such as Adam Yurchick) and elsewhere that have laid out the cards and decks they believe will benefit from the PT, should you decide to make some last minute buys. Iām not a metagame expert, rather I want to outline financial strategies to help you (hopefully) reap rewards. I do have a couple of ideas for cards I think are prime for movement which Iāll touch on later, but the focus will be primarily finance strategy. Iām not reinventing the wheel, here. Much of this you may already know, but hopefully there are a couple of insights that help you this weekend. With that, letās begin with step 1:
Sell, Sell, Sell!
If thereās one point that I want to drive home the hardest, itās that you need to sell into your gains this weekend! The PT creates a fever pitch of buyer activity, and during this PT hype, itās a sellers market. The data certainly backs this up. Here are a few sample spike trends from previous pro tours.
PT Battle For Zendikar
Ā PT Dragonās of Tarkir
You can see the inflection points during the Pro Tours, followed by a gradual price correction. Rest assured, there will be spikes. Take advantage of this opportunity, particularly with buylists.
The most interesting data point to notice, though,Ā is that while common sense says you need to respond to spikes as soon as possible in order to take advantage of the best pricesā¦the charts do suggest a slightly different story. If you are not able to catch a spike during the event weekend on vendor platforms such as TCGPlayer or eBay, you may still have a small window to move cards to buylists, which will sometimes tick up even higher after the event. This is due to large vendors being bought out and needing to restock, and also because new card demand will sometimes require a market saturation period for players to really dive into the hot decks.
Make no mistake, though - you should not be leisurely about selling this weekend. Take advantage of the hype and lock in your profits ASAP. Buylists provide you with a baseline guaranteed buyer. If you donāt catch a price spike immediately, and notice a ārace to the bottomā with sellers attempting to undercut each other on platforms such as TCGPlayer, then calculate your net income after fees. If that number falls within 10% of buylist, I recommend selling to the buylist. Consider that 10% a premium for a guaranteed sale. If youāre confident you can catch the buying wave, then by all means take advantage of it. Just remember that there can be an opportunity cost associated with attempting to engage in the undercutting game.
Begin Early and Stay Informed
QS will be hard at work bringing you constant up-to-date coverage from the floor of the PT. If possible, you should be listening. Being ready at 6am PST/9am EST Friday morning and listening throughout the day will give you an educated edge in knowing what vendor activity is occurring. Understandably, not everyone will be able to do this. But if you can, you should! At the very least, stay as informed as possible, keeping your eyes and ears on coverage. The individuals with the knowledge ahead of the pack will have the greatest opportunity for success.
Take advantage of OPM
In my last article, I introduced you to the concept of Other Peopleās Money. That is, 3rd party resources that you can leverage for your bottom-line. For the heavy speculators out there, you may not hit high on all your buys- but that doesnāt mean you have to lose. Cards that are played but arenāt the spotlight of the event still can have an opportunity to see even the slightest gains. You should take advantage of this.
For example, take a look at Utter EndĀ -
In the weeks leading up to the PT, buylists were flat at 0.75. However, after showing up as a 1-of in the T8 of early iterations of Dark Jeskai at PT BFZ, End inconspicuously saw a small buylist bump to 0.90 the days following. While that spec may seemingly not have panned out quite so well, taking advantage of vendor OPM credit bumps would have actually turned a little profit if you bought at the floor. At the very least, you could've been at break even. Be sure to look at every card that performs well at the eventā¦even the smallest gains can be leveraged to your advantage.
Be Prepared
As I mentioned at the beginning of this article, you should have your specs in your binders already. If you donāt, and you want to jump in on cards that begin to move, you must be prepared to act quickly. One strategy that can help with this is having cards you believe will perform already placed in your online shopping carts. This can help you move quickly and avoid delays that may be the difference between you completing a purchase, and a card being bought from under you.
I want to stress however, that you should NOT buy into spiking cards ā especially if your intentions are purely financial. You have nothing to gain by purchasing cards as their price is inflating. Part of being prepared is accepting that you likely will not catch some spikes, and you should leave them for the next impulsive buyer.
Even if you need cards for play, I recommend simply demonstrating patience, and purchasing at the lower, post-hype price. Take a look at the data. More often than not, cards will slide back to - or near - their pre-spike price. It's very easy to caught up in the frenzy soĀ don't let that happen. Ā If you firmly believe you can catch a card fast enough, by all means, shop away. Not all vendors play nice, however, and some will cancel your orders due to the card spike. You must be prepared for this possibility, should you decide to buy.
Finally, being prepared also means knowing what you want to buy. Itās important that you create a list of the cards that you want to look out for. This way, if any do spike, youāll be ready. Be sure you look at the winning SCG Invitational lists. The past two SCG events have provided a picture of what is in store for Standard. You should research the cards in those winning decks, to discern what from them may break out. You should also consider what cards could be metagamed against those decks, and which may break out. Also note rarity ā mythics tend to have a higher spike ceiling than rares.
For myself, there are a few cards in particular that I will be keeping my eye on:
(*Disclosure: I own multiple playsets of these)
Iām quite the advocate for Advocate. Heās done considerable work in the Bant Company lists that have had multiple top finishes. Heās also demonstrated strong organic demand with his price history:
This is my top pick for the event. It's possible Advocate is the next Den Protector, and pricing could follow as such.
Another pick that I believe could see a great percentage bump is this little Slayer:
Hidden Dragonslayer has seen a resurgence, thanks to its part in Bant Company lists. itĀ also has the added benefit of being a Human, a very strong tribe at the moment. ItsĀ price trend is exactly what we want to see ā organic growing demand based on a potent deck.
If you have this one sitting in your binder or deck, I would pull them out and be prepared to sell.
This is a nice little bulk rare from Todd Andersonās UR Control deck that has been in the T8 at both events. While I certainly donāt expect a massive price explosion, if the deck holds its own at the Tour, a bump to $0.80 or more would be nice growth. Bulk rares that are seeing play are fantastic penny stocks. When they pop, they offer a nice hedge against any stagnant positions you may be holding (don't forget about that buylist credit!)
With this article, Iāve tried to present a strategy for you to maximize profits during the PT. There will be spikes, have no doubt. You should have your assets in hand, and ready to sell into surging prices. If you miss a spike, donāt fret. Even your ālosingā specs could actually be winners if you take advantage of credit bump bonuses. Data also suggests that you have a small window of opportunity post-PT, when buylists are catching up and demand spreads. If youāre deciding to buy duringĀ the event, start early, stack your shopping cart ahead of time, and remain sharply informed and on top of coverage. Pro Tours are always exciting and some of the best opportunities to prosper. Good luck with the event and sell, sell, sell!
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What are you watching for the PT? Any cards you're convinced will pop? Let's discuss in the comments.
Tarkan Dospil
Hello Tarkan,
I really like this article, but I do have a few questions.
1. It seems like you’re mainly referring to buy-listing to vendors at the PT. Is this mainly meant for people at the PT? For those of us at home, how do you suggest we sell our cards? Ebay? Facebook? TCG player?
2. What articles do you suggest for card specs discussed by other authors. I’ve been busy lately and haven’t had a chance to read all the articles, but I do like the one entitled “betting on losers”. Beyond that, I can’t find many that refer to cards that may spike during the PT.
I’m not Tarkan but…
1. The most optimal way to sell your cards very much depends on the time you have and the Volume of cards you have as well as your predictions as to how the Price of certain cards will settle.
Oftentimes at vendors not at the PT there will be a bit of buylist lag meaning that they don’t immediately update their buylist. You can choose to wait it out a bit and then ship to an online buylist but this takes time.
If you have time and lower volume and want to maximize your profits trading them off and selling on Ebay, Facebook, Tcgplayer, or whatever can work well.
2. I know for most MTG Finance sites most card specs are discussed in paid subscription based content. Apart from the various sites out there there are groups on Facebook, reddit and other forums devoted to specs. and, If you really get involved over time you will be able to identify specs yourself.
Hey Barnabas, thanks for reading!
I’m actually referring to buyers at home. Large vendors such as SCG and Card Kingdom will also be adjusting their buylists in response to spikes. If you miss an opportunity to sell somewhere such as TcgPlayer, you can lock in a profitable buylist order with the vendors.
Re: articles- If you have an insider account, there are some excellent pieces on QS from the past week or two. If you’re not a member, I recommend considering joining. There’s great value not only in content, but in the Trader Tools data and buylist information it provides. It’s pretty invaluable!
Another source to check is the /mtgfinance subreddit, and the MTGFinance Central Facebook page. There’s always conversation surrounding speculation in those groups, and they’re free.
Good luck, and I’d be very interested to hear how your PT weekend goes!