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A comment on Ask HN: Those making $500/month on side projects in 2024 – Show and tell. Parent comment

Re:Ask HN: Those making $500/month on side projects in 2024 ... by soulofmischief on Wednesday December 11, 2024 @07:06AM (#42386957)
Really curious about what kind of alphas exist in this space, if you don't mind divulging.
[ Parent | on HN ]
Re:Ask HN: Those making $500/month on side projects in 2024 ... by idoma on Wednesday December 11, 2024 @10:37AM (#42388814)
The market is incredibly small & illiquid - the main alpha comes from:

- a better knowledge & understanding of the market. What items are desirable? What will take a long time? How do you price them? etc.

- trust/reputation, which takes form through cash trading (directly buying items from people at a discount).

I also have a few automated trading bots & scripts that save time on buying items, but that's easily replicable.

[ Parent | on HN ]