Monday, May 15, 2006

Idea Hunting part 3: How to Buy

Now I will explain about the most important part of idea hunting: how to buy them! Easiest way to get ideas you need is to buy bond(s). But if we want to collect many ideas, bond buying will deplete your wallet quite fast. A cheaper way is to reindex blogs in that industry (see idea hunting part 2), wait for drop in public market, then buy them fast.

That's it: buy them fast, but how? You have to know when will drop happen. You need fast internet link. You need fast computer. Use tabbed browsing and learn tab navigation. Open buy window in advance, put in captcha code, fill in quantity later. How do you know what quantity to buy? Open another tab to idea market with filter, and monitor when drop happens from there too.

Know in advance about how many ideas will drop roughly is important too. You can check historical transaction in any industry. For instance, to see transaction on Morocco industry, you can check View Ideas Trading History around the top right page. Checking today's transaction won't help much in predicting drop, check yesterday transaction instead.

Buying ideas held by other players can be done via bond or player market. Bonds can only be issued in discrete quantity: 10, 100, 1000, ..., but player market is more flexible. You can buy any quantity available there.

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