Starting to trade, buy and sell.. advice welcomd

[Ssupreme1995]

Best way to get into trading, buying and selling?
I have capital to trade, buy and sell. Located in SoCal, markets hot for watches but also makes it harder to come across a decent deal.
To be clear.. I want to be a collector and add to my collection. I want to be able to trade or sell in addition for new watches or different ones.

Where are most collector , traders and enthusiasts buying from to get a “decent deal”?

I was under the impression if you buy something directly from an AD and resell or trade (AP, Rolex, Patek) you’re barred from getting anything else. You have to wait a minimum of 2 years.

With that being said… what’s reccomended? Where do I start?
For all of you who trade.. how do you feel you’re getting a good deal and where are you getting the “market value”?
Thanks

[Fritzli]

That`s "the secret"! Nobody will give you an honest answer to this kind of naive question!

[dontbeshort]

You might get the “Foxtrot Oscar” treatment from here !

[drrd]

Anthony Farrer has done a video on how to get started.

[brandrea]

Originally Posted by drrd

Anthony Farrer has done a video on how to get started.

And now he needs a $100000 security dog.

[alphadweller]

Originally Posted by drrd

Anthony Farrer has done a video on how to get started.

and he's soon to upload one on how to get finished

[SpiritSoul]

Originally Posted by drrd

Anthony Farrer has done a video on how to get started.

[WatchGuy1966]

Originally Posted by drrd

Anthony Farrer has done a video on how to get started.

[Al1969]

Originally Posted by drrd

Anthony Farrer has done a video on how to get started.

In trading/selling/flipping watches or getting started as a "professional" masseur?

[VogelPhoenix]

Some options for OP's business:
1) Time. Everyone's a genius while the bubble inflates, be it internet stocks, crypto, Tesla, watches,... Missed the boat there, IMO.
2) Connections. Any family or at least best friend's family, that are distributors, ADs, upper management in the watch industry? Doesn't sound like it.
3) OPM. Other people's money - any rich friends/family/business partners that want to bankroll your ventures? Share the profits, move on from the losses. Starting with our own savings can only end in tears.
4) Skills. Do you have the education/experiences to evaluate authenticity, cosmetic and mechanical condition of watches? Ability to fix mechanical or cosmetic issues, or at least access to someone with these skills willing to collaborate? Are you a good negotiator, on the buy or sell side?
5) Risk. The reason TRF's favorite trusted sellers can buy low and sell high is the low risk option they represent for buyers and sellers, combined with experience (and turnover) that allows them to manage their own risk. To compete, you'll have to take more risk on a buy and sell side. One PM Rolex deal gone sideways (on either side) could easily wipe out a quarter of your savings.

Unless you can reasonably argue to have an edge in any of the areas above, my advice would be to stick with a real job and treat watches as a hobby, not an asset class to be traded for profit.

[Ollie1982]

Originally Posted by Ssupreme1995

Best way to get into trading, buying and selling? 200k capital roughly

I have about 200k capital to trade, buy and sell. Located in SoCal, markets hot for watches but also makes it harder to come across a decent deal.

Where are most collector , traders and enthusiasts buying from to get a “decent deal”?

I was under the impression if you buy something directly from an AD and resell or trade (AP, Rolex, Patek) you’re barred from getting anything else. You have to wait a minimum of 2 years.

With that being said… what’s reccomended? Where do I start?
For all of you who trade.. how do you feel you’re getting a good deal and where are you getting the “market value”?
Thanks

If you need a watch, buy one. If you are looking to get into 'trading' then you have come to the wrong place.

Come here to talk about watches, not buying and selling them. This forum is full of collectors, people who are passionate about watches. People with no interest in horology and use watches as a side hustle are a stain on this hobby, and quite frankly ruin it for true enthusiasts.

Leave the trading to the stock brokers.

Oh yeah, welcome to the forum!

[BLNR Nairobi]

Originally Posted by Ollie1982

If you need a watch, buy one. If you are looking to get into 'trading' then you have come to the wrong place.

Come here to talk about watches, not buying and selling them. This forum is full of collectors, people who are passionate about watches. People with no interest in horology and use watches as a side hustle are a stain on this hobby, and quite frankly ruin it for true enthusiasts.

Leave the trading to the stock brokers.

Oh yeah, welcome to the forum!

Hear! Hear!

Great response.

[Ssupreme1995]

Originally Posted by Ollie1982

If you need a watch, buy one. If you are looking to get into 'trading' then you have come to the wrong place.

Come here to talk about watches, not buying and selling them. This forum is full of collectors, people who are passionate about watches. People with no interest in horology and use watches as a side hustle are a stain on this hobby, and quite frankly ruin it for true enthusiasts.

Leave the trading to the stock brokers.

Oh yeah, welcome to the forum!

No one “needs” a watch. If we needed one, we’d get a $10 one off Amazon. I want to continue building a collection but with this current market I need to make sure I get a good deal. A deal where I can sell or trade and get the same or more value. Quite often, I see on these forums x model for sale but not sure if it’s a fair price or not. I’m asking where people check actual market values vs 1-2 watches for sale here on the classifieds forum.
A watch (Rolex , AP, Patek), like Realestate or a classic car are an asset. They hold a value and prestige. The name Rolex is huge and I think paying the right price is very important whether holding, flipping or trading. Just important info that I think everyone wants to talk about.

HOW DO WE KNOW IF WE ARE GETTING A GOOD / FAIR DEAL? No different then me going to buy a car. I can plug in the VIN into KBB or carmax and get a value. Anything like this for watches?

[htrap2294]

Originally Posted by Ssupreme1995

No one “needs” a watch. If we needed one, we’d get a $10 one off Amazon. I want to continue building a collection but with this current market I need to make sure I get a good deal. A deal where I can sell or trade and get the same or more value. Quite often, I see on these forums x model for sale but not sure if it’s a fair price or not. I’m asking where people check actual market values vs 1-2 watches for sale here on the classifieds forum.
A watch (Rolex , AP, Patek), like Realestate or a classic car are an asset. They hold a value and prestige. The name Rolex is huge and I think paying the right price is very important whether holding, flipping or trading. Just important info that I think everyone wants to talk about.

HOW DO WE KNOW IF WE ARE GETTING A GOOD / FAIR DEAL? No different then me going to buy a car. I can plug in the VIN into KBB or carmax and get a value. Anything like this for watches?

Watchcharts is a decent source, but you're really coming off as a flipper, honestly.

[Ollie1982]

Originally Posted by htrap2294

Watchcharts is a decent source, but you're really coming off as a flipper, honestly.

Exactly, this one is oozing flipper vibes.

[htrap2294]

Originally Posted by Ollie1982

Exactly, this one is oozing flipper vibes.

It doesn't help that the OP's name is Supreme...another hypebeast/flipper brand.

[Wahlberg]

Originally Posted by Ssupreme1995

HOW DO WE KNOW IF WE ARE GETTING A GOOD / FAIR DEAL? No different then me going to buy a car. I can plug in the VIN into KBB or carmax and get a value. Anything like this for watches?

Clueless people entering this market. Go figure.

Grey dealers don't get good deals. You buy at market prices and you just add another 3k to it, rinse and repeat until the prices are completely ridiculous and bloated.

[Chris]

Originally Posted by Wahlberg

Clueless people entering this market. Go figure.

Grey dealers don't get good deals. You buy at market prices and you just add another 3k to it, rinse and repeat until the prices are completely ridiculous and bloated.

[padi56]

Originally Posted by Ollie1982

If you need a watch, buy one. If you are looking to get into 'trading' then you have come to the wrong place.

Come here to talk about watches, not buying and selling them. This forum is full of collectors, people who are passionate about watches. People with no interest in horology and use watches as a side hustle are a stain on this hobby, and quite frankly ruin it for true enthusiasts.

Leave the trading to the stock brokers.

Oh yeah, welcome to the forum!

Have to agree 100% I sometimes wonder with some of the posts on forum like the original posters, but today with many now Rolex watches are ££$$€€ object things and little more.

[Bustelo]

Originally Posted by padi56

today with many now Rolex watches are ££$$€€ object things and little more.

]

They've always been that way or I would've had my 16600 the same time you did instead of having to wait 20 years.. but it's got worse over the course of that time.

[Maxdad]

Originally Posted by Ollie1982

If you need a watch, buy one. If you are looking to get into 'trading' then you have come to the wrong place.

Come here to talk about watches, not buying and selling them. This forum is full of collectors, people who are passionate about watches. People with no interest in horology and use watches as a side hustle are a stain on this hobby, and quite frankly ruin it for true enthusiasts.

Leave the trading to the stock brokers.

Oh yeah, welcome to the forum!

100%.....you've walked into the wrong room buddy.

[Meyrin]

Originally Posted by Ollie1982

If you need a watch, buy one. If you are looking to get into 'trading' then you have come to the wrong place.

Come here to talk about watches, not buying and selling them. This forum is full of collectors, people who are passionate about watches. People with no interest in horology and use watches as a side hustle are a stain on this hobby, and quite frankly ruin it for true enthusiasts.

Well said, Ollie!

[PhilippeD]

Originally Posted by Ssupreme1995

Best way to get into trading, buying and selling? 200k capital roughly

When you're talking about watches, it's not investing but speculating.

[Chris]

Originally Posted by PhilippeD

When you're talking about watches, it's not investing but speculating.

[BLNR Nairobi]

Originally Posted by Ssupreme1995

Best way to get into trading, buying and selling? 200k capital roughly

I have about 200k capital to trade, buy and sell. Located in SoCal, markets hot for watches but also makes it harder to come across a decent deal.

Where are most collector , traders and enthusiasts buying from to get a “decent deal”?

I was under the impression if you buy something directly from an AD and resell or trade (AP, Rolex, Patek) you’re barred from getting anything else. You have to wait a minimum of 2 years.

With that being said… what’s reccomended? Where do I start?
For all of you who trade.. how do you feel you’re getting a good deal and where are you getting the “market value”?
Thanks

Serious response.

Unless you really know what you’re doing it’s an easy way to lose $200K. A lot of the ‘hit YouTube grey dealers’ were actually selling on the secondary market for many years before they became YT sensations. Which means they had earned a lot of experience, networks and understanding of the business. Whether it was where to get a ‘decent deal,’ how to ensure that ‘decent deal’ was not a fake watch, how to manage inventory, etc.

Sure - some people like Anthony Farrer/TPG/MassageDude seem to have shot up quick, but 1) I personally wouldn’t buy a watch from him and 2) he had ‘sponsors’ supporting him.

So - serious response, if you have to ask the questions you’re asking on a forum then that means you should spend your $200K on something else. I’m not saying that as an insult by the way. Save your money or invest it in something else.

[Ssupreme1995]

Originally Posted by BLNR Nairobi

Serious response.

Unless you really know what you’re doing it’s an easy way to lose $200K. A lot of the ‘hit YouTube grey dealers’ were actually selling on the secondary market for many years before they became YT sensations. Which means they had earned a lot of experience, networks and understanding of the business. Whether it was where to get a ‘decent deal,’ how to ensure that ‘decent deal’ was not a fake watch, how to manage inventory, etc.

Sure - some people like Anthony Farrer/TPG/MassageDude seem to have shot up quick, but 1) I personally wouldn’t buy a watch from him and 2) he had ‘sponsors’ supporting him.

So - serious response, if you have to ask the questions you’re asking on a forum then that means you should spend your $200K on something else. I’m not saying that as an insult by the way. Save your money or invest it in something else.

See above response^. More of , where can we get a fair deal with these market conditions? Not looking to become the next Anthony or watch guru but definitely want good deals to do whatever with.

[Ssupreme1995]

Originally Posted by BLNR Nairobi

Serious response.

Unless you really know what you’re doing it’s an easy way to lose $200K. A lot of the ‘hit YouTube grey dealers’ were actually selling on the secondary market for many years before they became YT sensations. Which means they had earned a lot of experience, networks and understanding of the business. Whether it was where to get a ‘decent deal,’ how to ensure that ‘decent deal’ was not a fake watch, how to manage inventory, etc.

Sure - some people like Anthony Farrer/TPG/MassageDude seem to have shot up quick, but 1) I personally wouldn’t buy a watch from him and 2) he had ‘sponsors’ supporting him.

So - serious response, if you have to ask the questions you’re asking on a forum then that means you should spend your $200K on something else. I’m not saying that as an insult by the way. Save your money or invest it in something else.

Just think it’s important to think and discuss about what a fair deal is in this market. Can’t base it off 2 forum posts with Daytonas for sale. Whether flipping holding or selling, what is something I can use to generate an average market price? What sites or forums are people using??

[rmlovett1]

Originally Posted by Ssupreme1995

Just think it’s important to think and discuss about what a fair deal is in this market. Can’t base it off 2 forum posts with Daytonas for sale. Whether flipping holding or selling, what is something I can use to generate an average market price? What sites or forums are people using??

If you want a “decent deal” as far as Rolex goes…..not much out there these days , unless you find them in private sales, or look at the most unpopular models.

[PepsiBezel]

Originally Posted by Ssupreme1995

Just think it’s important to think and discuss about what a fair deal is in this market. Can’t base it off 2 forum posts with Daytonas for sale. Whether flipping holding or selling, what is something I can use to generate an average market price? What sites or forums are people using??

Try watchcharts.com

[Emery]

If you’re looking for a sign, this is it.