Road to 100K: Week 2, Day 3

Welcome to Day 3 of this second week, trading my way up to 100K.
Yesterday I couldn't make many trades and I couldn't write the post because I wasn't able to access the internet. However today I am back and I am going to discuss a topic of interest today: Recent Average Prices.

Recent Average Prices (Part 1)

Recent Average Prices is the price that shows you how much a Limited Item is worth in the trading window. It updates quite often and can leave you with a higher priced or lower priced item over time. This can obviously be good or bad. I have done only two trades in the last two days for very small profits and so today, if the R$ total has shot up, or gone down; it will most likely be to do with the RAP.

The RAP of this item has gone up considerably. I traded it last week when its RAP was around 120R$. That was a bad trade and you should really look at the two key figures below:

Firstly, the top line tells you the Recent Average Price, 305R$. The line at the bottom tells you the average price in the last 30 days. It is 221R$, but more importantly, it has increased by 38%. This means that it is a good buy and the RAP is likely to increase because the 30 day average will be pushing up the RAP.

In Part 2: I discuss how else to find a good limited using the graphs and statistics above. And how selling your item before its RAP falls is a good idea - and when to know to sell it.

So in the last two days, my total has reached:

32,524 R$

Oh No! Its fallen by 1260R$! I think that this is down to the dip in price of the Green Flash Shades and Eyes of Everfrost which is now just 3978R$ when it was over 5000R$ before!

See you tomorrow! Looks like I'll need to trade some more and get my RAP higher!