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Xre Vega
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Posted - 2010.07.18 05:08:00 -
[1]
So I've created a couple trade alts and put them at some secondary trade hubs.
I found a couple products with a fairly ridiculous spread (1000%). So I set up my buy orders, babysit them so that I don't get 0.01isked, manage to get ~50 or so of my item. Now I've sold maybe 25ish or so, and made a few mil profit, but this seems tiny compared to the stories I've heard.
Should I be concentrating on cheaper things in very high volumes (such as ammo), or ship mods with low volume and high prices? I have tried both, and it just doesn't seem like enough trades happen (that involve me) to make any serious amount of ISK.
The only things that deserve my time to check constantly all day (and update orders every 5 mins) are the ones with giant spreads, and not enough volume happens on these. I must be doing something wrong, would anyone care to share/comment?
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Induc
Amarr
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Posted - 2010.07.18 06:02:00 -
[2]
Edited by: Induc on 18/07/2010 06:04:46 If you've found an item with 1000% spread, it's probably quite cheap or moves slowly.
Instead of looking at volume or spread, look at how much isk moves per day. Take half of the daily volume and multiply it with the difference between sell and buy prices. This should give you a rough estimate on how much profit it is possible to gain from this item per day.
To earn sums like several hundred millions per week you need to know which items to trade, you need to have lots of orders, and most importantly, lots of cash.
For example, moving 200m a week at 10% profit is just 20m, but moving 50b isk a week at 3% profit is 1.5b.
Currently, the highest isk moving item by far are plex's, around 50% of the isk that moves daily through the market does so through plex's. Plex's are followed by the basic minerals, (trit, mex, zydrine, pyerite, megacyte, in that order), and a bit lower down but still close to the top you'll find advanced moon materials, nanotransistors, sylramic fibers, ferrogel etc.
You probably won't have any luck trading any of those items though, since everyone already knows they're at the top and thus they tend to have very slim margins. (as in come back when you've got all trade skills trained and high enough CN standing) But the lower you go the higher the chances are that you will find something interesting.
Hope I didn't give you too many tips
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Spruillo
Gallente Spruillo Corp
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Posted - 2010.07.18 14:51:00 -
[3]
There is no volume because there is no market.
I suspect ccp rigs market data, once you get into trading anything other than highest volume items it goes south. Why should I think more of them, far as im concerned game environment is a indicator of their corporate culture, a corrupt money grab.
My most recent venture is into t2 ships, assault frigs for example, and after 12 hours of babysitting multiple orders in multiple market the -total- volume across a number of types is exactly 2. On ships market volume indicates 30-40+ each type per day.
That's 2 bought, in major hubs, 0 movement in regional markets since yesterday afternoon
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TornSoul
BIG Majesta Empire
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Posted - 2010.07.18 15:05:00 -
[4]
Volume Volume Volume
That's where the ISK is.
BIG Lottery |
Spruillo
Gallente Spruillo Corp
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Posted - 2010.07.18 15:24:00 -
[5]
Just look at recent events if you don't believe me.
So we, ccp, get caught red handed with fingers on the cheat code buttons, and favored players get the 'cheat code buttons' so let's do this 'csm' deal.
Yeah some outside accountability lol. Kinda like a north korean gov-appointed internal human rights board.
And lol now at a openly, publicly elected 'official' gets kicked off but it's a 'private affair', nothing to see here, move along. What a joke.
Youll never see any kindof e-bank type deal in eve for the same reasons, real outside accountability would have to come into play and they couldn't pass muster.
Really seems to me that ccp doesn't have faith in rw stability and the long term ability to keep doing business hence the chinese gold-farmer let's grab the cash while we can route. **** poor attitude
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Aurum Bellator
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Posted - 2010.07.18 17:39:00 -
[6]
Originally by: Spruillo
rant
Wow, way to be off topic and in full emoragequit rant mode. Can I have your stuff?
@OP:
Despite Spruillo's misgivings about trading, if you are careful you can make a very good living. If you are new to the game as well as trading, I'd recommend starting with mission running as a profession, dip into some pvp, try out some mining, before trade. Not that you can't do it the other way around, but trying out the other professions out first will train your knowledge up about what items are valuable and trade well, and what items are mostly window dressing. Trust me, there are plenty of the latter.
It sounds to me from your original post that you are trying to trade meta modules. These tend to be more of an exotic trader's fare, due to their generally lower volumes and higher spreads. You can make a very decent living trading standard fare tech 2 items that most of the Eve world uses.
Also, remember that you don't always have to buy in the same place as you sell. You'll hear some people decry inter-regional trading (or intra-regional even) as not 'pure' trading but I really disagree with that. Buying low in one place, transporting goods somewhere else, and selling high to me is just as much trading as station trading.
Anyway, good luck, there is isk to be made, but you may want to familiarize yourself with other professions first!
AUB
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Xre Vega
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Posted - 2010.07.18 18:02:00 -
[7]
Thanks!
This is actually my second account which I started to try my hand at non-pvp stuff (Main account created 2005). I did missions to build up some starting ISK and now have been concentrating on trading. I tried some inter-regional T2 trading, but with the capital I had to start with (~100m), it wasn't worth 30 jumps to make a possible 10m (and what do you do if you need to update those orders later?).
So now I've started purely station trading. I'll see how I can do with T2 mods, thanks.
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Captain IQ
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Posted - 2010.07.18 19:48:00 -
[8]
Transporting goods especially when you have a low initial investment is the fastest way to start making trading isk. I support my PVP main purely through trading with my other toons, PVPing yourself gives you a good idea of some of the mods most in demand, trends for fitting, current wars these all help.
On a side note, I don't even want to consider what Spruillo mentioned, he's not the first person who has voiced this concern, maybe it's paranoia but there's a good reason for CCP to want to take lots of Isk out of the game.
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Zeta Zhul
Caldari
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Posted - 2010.07.18 20:52:00 -
[9]
Hmmm.
*shrug* doing basic trading, very little transporting, no 0.1 isking, no buy orders and spending no more than 15 minutes per day I made 2bil a month in trading.
So I can't say that it isn't profitable. Probably should put more effort into it. Like getting accounting to 3. ----- this signature line intentionally left blank. |
Xre Vega
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Posted - 2010.07.18 22:40:00 -
[10]
Originally by: Zeta Zhul Hmmm.
*shrug* doing basic trading, very little transporting, no 0.1 isking, no buy orders and spending no more than 15 minutes per day I made 2bil a month in trading.
So I can't say that it isn't profitable. Probably should put more effort into it. Like getting accounting to 3.
15 minutes per day? My orders are usually outbid within 15 minutes.
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Spruillo
Gallente Spruillo Corp
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Posted - 2010.07.18 22:55:00 -
[11]
Originally by: Xre Vega
Originally by: Zeta Zhul
...no more than 15 minutes per day....
...Probably should put more effort into it...
15 minutes per day? My orders are usually outbid within 15 minutes.
maybe he means do pushups while you trade
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Xre Vega
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Posted - 2010.07.19 01:32:00 -
[12]
That is actually a great idea! To riches, both in health and ISK, here I come!
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Neighbourhood Spiderman
Daily Bugle
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Posted - 2010.07.19 08:24:00 -
[13]
Originally by: Xre Vega
Originally by: Zeta Zhul Hmmm.
*shrug* doing basic trading, very little transporting, no 0.1 isking, no buy orders and spending no more than 15 minutes per day I made 2bil a month in trading.
So I can't say that it isn't profitable. Probably should put more effort into it. Like getting accounting to 3.
15 minutes per day? My orders are usually outbid within 15 minutes.
problems are:
A)'He' doesn't say where he trade so 'He' might not get outbid in 15 mins
B)'He' doesnt say what he trading in so for all we know he could be mining the other 22 hours and 45 mins and all that ore is 'free' so that pure profit.
Sincerely Your Friendly Neighbourhood Spiderman
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Valaska
Amarr
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Posted - 2010.07.19 09:42:00 -
[14]
Originally by: Xre Vega Thanks!
This is actually my second account which I started to try my hand at non-pvp stuff (Main account created 2005). I did missions to build up some starting ISK and now have been concentrating on trading. I tried some inter-regional T2 trading, but with the capital I had to start with (~100m), it wasn't worth 30 jumps to make a possible 10m (and what do you do if you need to update those orders later?).
So now I've started purely station trading. I'll see how I can do with T2 mods, thanks.
Salvage is also going AMAZINGLY at the moment honestly, Rigs are crap but the materials that go into rigs etc will get you a very big profit so a good item to start trade with is the big sellers on salvage. Which starting off mission running really will help out that. "No Bird Soars too High if he soars with his own wings" Marriage of Heaven and Hell. |
FarosWarrior
Amarr Pure Dutch Damage Corp United Royal Dreams
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Posted - 2010.07.19 11:33:00 -
[15]
Originally by: Neighbourhood Spiderman
Originally by: Xre Vega
Originally by: Zeta Zhul Hmmm.
*shrug* doing basic trading, very little transporting, no 0.1 isking, no buy orders and spending no more than 15 minutes per day I made 2bil a month in trading.
So I can't say that it isn't profitable. Probably should put more effort into it. Like getting accounting to 3.
15 minutes per day? My orders are usually outbid within 15 minutes.
problems are:
A)'He' doesn't say where he trade so 'He' might not get outbid in 15 mins
B)'He' doesnt say what he trading in so for all we know he could be mining the other 22 hours and 45 mins and all that ore is 'free' so that pure profit.
Sincerely Your Friendly Neighbourhood Spiderman
"He" also never stated his starting capital.
Making 2b profit can be easy if you start with 50b, yet making it when starting at 100m is harder, he forgot to mention that
Always lootin' Always shootin' Always movin'
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Zeta Zhul
Caldari
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Posted - 2010.07.19 15:13:00 -
[16]
Hmmm.
1. Mining is the most boring thing next to salvaging.
2. Time spent mining does not result in free minerals.
3. I started off with a plex at the beginning of the year, about 270m.
4. I'd rather not go into details.
*shrug* it's all about finding a niche. And it's not like I'm the go-to guy for any of this. I'm still rather a noob at 10m SP.
For one thing I'm still unsure why Civilian Afterburners cost 400k. WTF? Is there something I'm missing with this? Anybody? Bueller? ----- this signature line intentionally left blank. |
Chalzara
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Posted - 2010.07.19 15:49:00 -
[17]
Originally by: Zeta Zhul
Then again sometimes I make trades just to hear people scream in frustration or force them to buy me out.
I hate you.
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