PROTRADER: Playing Chicken

By: Travis Allen
@wizardbumpin

Before today’s lesson, I have some announcements for the class. The first is that James Chillcott (@mtgcritic) and I have started a podcast, MTG Fast Finance. It’s a no-frills, on-topic discussion of the week’s Magic finance news. We start with a review of the biggest price changes, why they occurred, and what to expect. Then we each share several cards we’re watching as potentially profitable. Our third segment is a look at any recent meaningful tournament results (this week’s episode will assuredly look at SCG Atlanta). We finish off the episode with some quick back-and-forth on whatever topic strikes us. Our goal is to keep the content at the forefront, without a lot of fluff. Neither of us enjoy listening to 3 hours of banter with 3 minutes of useful information inside, so we’re thinking maybe some of you guys don’t either. Our goal is to make this into a weekly show that appears on, among other places, MTGCast and iTunes. Please give it a listen, and watch @mtgfastfinance for upcoming episodes!

If that isn’t enough for you, I’m also still doing Cartel Aristocrats with Jeremy Aaronson, Douglas Johnson, Jim Casale, and Sigmund Ausfresser. It’s an unedited video stream where we take questions and discuss the latest Magic events. You can find all the episodes on YouTube here, and submit questions/watch for news at @cartelartistocrats. Our next live stream is tentatively scheduled for this coming Saturday, 1/30/16 at 2:30 EST. Come hang out and ask a question!

Speaking of Cartel Aristocrats and segues, our last episode included a question about whether someone should sell their Eye of Ugins and Eldrazi Temples now or if they should hold them until some point in time we felt was ideal. I won’t speak for the other writers, but I’ve been asked this question not only on Aristocrats, but also Twitter, in Reddit threads and article comments…really, anywhere I have a presence, I get asked this question. It’s not always those two cards, and it’s not always this time of the year, but it’s a frequent inquiry. It doesn’t even need to be a recently spiked card, but instead a staple such as Snapcaster Mage. And while that question gets asked year round, it happens most frequently about a month before the February Modern Pro Tour, which this year happens to be Pro Tour Oath of the Gatewatch.

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ProTrader: Magic doesn’t have to be expensive.

Why You Should Get a Real Job

Editor’s Note: Hey everyone, Corbin here. Keeping up with your Magic is a serious commitment, and isn’t cheap. While this is a fun article that pokes fun at some of the “mtgfinance” stereotypes, there are a lot of useful tools and helpful authors to help keep you ahead of the game when it comes to maximizing your money in Magic. We do a lot that here on MTGPrice, but we know that taking a step back and laughing is healthy as well. With that in mind, enjoy!

 

*This is intended as satire of the current state of MTGFinance. All views expressed are 100% true. If you feel like complaining, feel free to let me block you on Twitter @xemitsellsmagic. I would also like to thank Nick Becvar and the Cartel Aristocrats for contributing to this manure masterpiece*

 

Hey Guys! I’m sure the title of this article grabbed you guys faster than an underpriced Ebay auction. I’m here today to write a piece about why you should be working for a real company instead of trying to make mtgfinance millions on cardboard crack. After a recent debate on Twitter, I decided to write a short piece about why it’s much better to be a cubicle monkey than risk it all grinding the tables of a GP or trying to hit the next big spec.

1.       401ks and Health Coverage.

Should you decide to risk your future grinding Magic, there’s a couple things about reality that are going to slap you in the face. You know that sweet 400% return you just made on Worldbreaker? Well, you’re going to need to sell a couple hundred copies to pay for that cavity you got while eating convention center food and forgetting to brush your teeth the last 300 days.

future-sight
Also, who needs a retirement fund? Well, actually everyone. You can’t guarantee that Magic will still be around in 50 years and that GPs will still exist in their current form. They might even release Version 5 of MTGO by 2065!

2.       Profit Margins

Let’s say that Otto Ogre sells $4,000 of magic cards a month with a profit margin of 20% on those cards. Congrats! You make poverty wages while the IRS thinks that you’re making quite a bit more before you show them receipts of what you spent! Oh wait, you didn’t keep your receipts? Looks like penalties and audits have Storm in the real world!

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On top of that, what if you have a bad GP experience? I don’t think the phone company accepts bulk rares, and you can’t buylist a bunch of cards to many shops in your area for real prices. Have fun waiting 10 days for Channel Fireball to process your cards and send you a check in the mail. And don’t forget what can happen if your cards aren’t Near Mint!

3.       Wages

It’s great that you traded up $750 in a weekend at a GP. However, you still need to get money for those cards, which in most cases leaves you with selling back to a vendor. Plus how many hours did you put into trading over the weekend? Forty-five hours? You could’ve saved yourself a drive and made more working for the Golden Arches instead of trading for those Golden Myrs. I enjoy counting pennies as much as the next person, but the only thing you’re going to be counting is food stamps if you choose to live life as a GP Grinder.

4.       Failed Specs

You know that one card that your buddy was testing for a Pro Tour? Well now you’re sitting on a couple hundred copies of Mana Bloom and you still need to pay rent for that place that doubles as a Magic card closet.

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Not every card can be a Sphinx’s Revelation, but you should have had a revelation by now that speculating isn’t easy money. The only thing you’ll be seeing is your profit going red with your bills blooming out of control. The next thing you know, all the “hard” work that you put in will have crumbled to dust.

5.       Social Life

You know what really impresses people? Telling them you hustle cardboard in a sweaty , crowded convention center every weekend. I hope that gets you really far in your dating life as well, because you’re going to need a really heavy Briber’s Purse to keep that relationship going with a Muggle. Your kids are going to really look up to Daddy being gone every weekend, trying to Becvalue his way to extra diapers for them.

6.       Living an independent life

It’s great that you don’t want to be Cubicle Carl for the rest of your life; I admire you for your dedication of sleeping on floors and couches every weekend. Feel free to be a sovereign citizen in the 20 hours you spend every weekend driving to a different city. You know who actually can do MTGFinance right? The people who own their own shops, and they’re not making money hand over fist either! The owner of The Card Nexus had a good point when he said that “I think way more people like the IDEA of being their own boss than the reality of what that entails.”

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But you could get lucky! If you somehow get demoted to being a buyer for a store at a GP, you could get McDoubles instead of a single cheeseburger for every meal! What a truly generous feast. In all seriousness, for all of the basement dwellers reading this article, you should go to college. .001% of all people reading this “article” on MTGPrice can actually do MTGFinance for a full-time living. Save your parents another four years of disappointment and work on a career, and not delusions of “MTGFinance job”.

Choosing MTGFinance is like selling cards at SCG Prices. It feels bad, and you look bad. Saying that you’re self-employed is almost as bad as an idea as buying 200 foil Illusionist Bracers. Work on investing in better cards, and work on investing in a better future for yourself. I hope you have enough cards to put a down payment on a house, or car. You also can have fun looking through job websites with nearly no marketable skills after your six-month stunt lands you into declaring a Chapter 11 (hint: that’s bankruptcy).

7.       Conclusion

To summarize, stop refreshing the #mtgfinance tag on Twitter and incessantly checking MTGStocks. You guys are already smarter for having read this “article.” Take a deep breath, think your options over, and stop living in Dominaria. Otherwise, you’re in for a truly Gruuling life.

Sincerely,
Jeremy

PROTRADER: What Do You Want to Get from Modern?

In early 2012, when Modern was still in its infancy, then-Wizards developer Zac Hill wrote this article (cached version linked because—surprise, surprise—the Wizards website is giving me an error code when I try to go to the live article) previewing Cavern of Souls. This section of Hill’s article single-handedly convinced me that I was never going to play Standard again once Scars of Mirrodin rotated:

One of the problems is that Mana Leak is simply a much more powerful card than we would be comfortable printing under modern development rules. Similar to why the Swords are so powerful—their costs were locked in before people really understood how to price Equipment—Mana Leak is a relic of a bygone era.

Now, I get into arguments whenever I make a claim like this, because it’s difficult to see. I can’t tell you how many times I have been in a conversation of the following form:

“You guys are power creeping so hard.”

“Hmm. I don’t think we are. After all, there are all kinds of spells that we would never print nowadays that ran rampant in old environments, such as Compulsive Research, Force Spike, Remand, ‘Signets,’ etc.”

Izzet Signet

This statement bothered me because Mana Leak and Remand are two of my favorite Magic cards, but what really blew my mind is that Hill cited Signets as being too good for Standard. Remember that this was just a few months before Return to Ravnica‘s release, and this was one of the first indications that the set was going to power down the format in a big way compared to the original Ravnica—except for the creatures, of course.

Pack Rat

Seeing the direction that Standard was heading, Modern seemed like the only reasonable choice for competitive Constructed on a relatively small budget.

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ProTrader: Magic doesn’t have to be expensive.

PROTRADER: Under the Radar

Social media has transformed the MTG finance pastime. What used to be a mysterious field of insight and connections has since evolved into a public event. The “group think” nature of MTG finance leads to rapid price corrections and manipulations, manifested in the form of buy-outs and price spikes.

Sometimes these moves make sense – World Breaker received positive camera time at the SCG Open in Atlanta yesterday, and it sent the card higher. The flow of logic is simple: players witness the card on camera, talk about it on Twitter and Reddit, players blindly follow suit, and the card jumps in price. The fact that artificial scarcity is at play here on this brand new mythic rare only means the price can shoot even higher before enough product is opened to meet surge in demand.

Other times the move makes little sense to the community. Mindslicer was a recent example, and this morning I woke up to another perplexing jump: Battle Screech.

Battle Screech

While I will confess I’ve played Battle Screech in a casual Birds tribal deck for over a decade now, someone’s going to have to explain this sudden movement to me.

But the story and catalysts are still the same here, regardless of root cause. A card gains traction, earns some discussion (wouldn’t surprise me to see someone ask about this on Twitter today), and drives the price higher in a matter of hours. The fact that this was the number one Interest on mtgstocks.com only means this move will get even more attention.

The Old and Obscure

It may come as a surprise to you that some price spikes actually occur under the radar, despite all the openness of social media. It’s actually quite impressive when you step back and consider this notion. Cards can still gradually or rapidly increase in price without taking the notice of the hive mind in MTG finance. Despite our best efforts, a card can still move in value without our knowing. I guess with over 10,000 unique cards, this really isn’t that hard to believe, is it?

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ProTrader: Magic doesn’t have to be expensive.

MAGIC: THE GATHERING FINANCE ARTICLES AND COMMUNITY