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Icon Spreadsheet – Explained
🕑 Added 2023-09-18 13:36:13 +0000 UTCWhat is the Icon Spreadsheet?
The Icon Spreadsheet is a live spreadsheet with Icon Prices from the last 24 hours created by Kbubu. It collects data from our self-made Icon Database with multiple price points throughout yesterday and puts them in a single spreadsheet for quick access.
The collected data will be presented in three categories which are average price, min. price and max. price. This data is collected for the Console and PC.
How to use the Icon Spreadsheet
In general, the spreadsheet should not change how you trade with Icons in any way, it just allows you to check prices faster. You can go for 59th Minute trading and sort the Spreadsheet to the price range you are trading with. This Spreadsheet decreases your research time which allows you to buy cards without checking each card individually and offers multiple prices for multiple cards on the same page.
The spreadsheet can also help to find the right target price based on previous data. You have two options to find the right buying price. Option 1 is to look for cards at least 5% below the current average price or slightly higher than the average price. Option 2 would be looking for deals around the minimum price.
Option 1 allows you to find more deals but it's riskier because you depend on the market to hold the previous price and get sales around that. Even riskier if you aim for a high point because they are rarer than the average price and sometimes the cards just don’t hit the previous high anymore.
Option two has fewer deals but it allows more consistent profits and sometimes even great deals. It’s the recommended option for beginners and people who want to try out Icon Trading for the first time. It's less risky because you aim for the lowest price point and it's more likely to get sales at a higher selling price.
In both cases, it's required to get at least 5% below the max value (or average value for safe profits) to make a profit. The tax on icons is 5% just like everywhere else on the market. Some icons won't show enough movement to make a profit because the low and the max (or average) are within 5%. We don’t recommend buying cards that don’t have at least a 5% gap.
Very important to mention here, that these are prices from yesterday and don’t represent any current buy prices, they are just indicators based on previous data. That means, that prices can easily change through the content and previous low points could not be current low points anymore or previous high points could not be current high points anymore. In previous years we had a consistent downtrend throughout the whole year and that’s why we recommend looking for icon deals around the min. price to reduce the risk and offer enough room for profits.
Supply times such as big content days, Icon SBCs or panic times are usually changing prices too and the Spreadsheet is not accurate in these cases. We recommend skipping the spreadsheet during bigger releases or adjusting it to the current market situation.
Summary
- Live Spreadsheet with data about the last 24h
- Helps to identify buy prices
- Adjust to current market situations
