Captain Lannery Storm was a risky spec that I was able to break even on. Deadeye Tracker, which I though much safer, has been a total bust. The best chance I’ve had to cash out was still a loss of about 0.4 tix so I’m banking on this one-drop blowing up with Rivals of Ixalan.
Arbitrage has been a black hole lately, so I had to make a good spec to keep this challenge from stalling out indefinitely. I found it with Chromatic Star, specifically the Time Spiral version.
It’s really worth checking the top played cards in each format. MTG Goldfoish has a great list. Typically, Standard staples tend to be the most volatile so the risk/reward is much more variable. Modern, Legacy, Vintage, and Pauper tend to be more stable. As players buy in and out of decks sometimes staple prices will crash. My favorites to buy into are those that only have a couple of printings, like Chromatic Star. Like with any spec, though, you need to be sure you’re buying in at a floor.
Also, with uncommon and common specs, you often need to sell to a hotlist since most buylists will only pay you a fraction of what the card actually sells for. One perfect example is Chromatic Star, which I would have had to sell at 0.02 per copy to a regular bot. Not taking a 0.06 tix for no reason. So while I could have waited for a potentially high spike, I’m more than happy with my decision-making process here.
With these new funds I made a couple of investments in staples. While they’re not on hotlists right now, cards like Opt and Spell Pierce see play in multiple formats and can be found for fractions of pennies right now. I also bought bits and pieces of some budget Modern decks. I’ll go into more detail in a future article.
As ffor the rest of our portfolio, I had a chance yesterday to cash in my Herald of Secret Streams for 0.12 tix. Considering I sent only 0.04 tix on them, that’s a 200 percent profit. However, I feel that the Merfolk from Rivals of Ixalan could make this into a very playable card. Players are already interested in it, and there’s been a spike to around 0.13 tix each already, but it wasn’t a spike I was able to capitalize on (buylists didn’t really reflect the spike). Only getting 0.08 tix on a potentially explosive spec would feel bad and considering that I’m stuck with Deadeye Tracker for a bit, I really want this one to do well.
With this success and a few other arbitrage fails that I was able to break even on or make a fractional profit, this leaves us with about 0.84 tix to spend. This is great, because we have about 1.275 tix tied up in our other specs and staple holds. I’ll break this down in another article, but this essentially means that from 1 event ticket, we’ve created a little over 2 tix in value, which is fantastic! Our Deadeye Tracker spec is killing us, but even then, in terms of retail value of our holdings, we’ve tripled our investment!
This challenge is going OK, and we’ve “won” already. But it’s definitely not going as well as it could have since I made a couple of poor spec decisions and arbitrage has been doing nothing for me recently. Considering I’ve made 10-15 tix over a period of 2 weeks doing nothing but arbitrage before, we may see some opportunities coming up to get this train rolling again!
Stay tuned for #12!