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Jackson Bensidus
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Posted - 2011.01.11 19:53:00 -
[1]
So I've been trying to do this "Trading" thing, and have been a little successful, although I'm not raking in the hundreds of millions that all the guides talk about. At any rate, I've been using a mission hub to trade, and I keep having to compete with regional orders.
Why would anyone place a regional order for thousands of items? Wouldn't that force them to fly to tens or hundreds of stations to pick up what you bought?
Also, is it really possible to be making over twenty million a day in just regular trading?
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Hexxx
Minmatar
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Posted - 2011.01.11 19:59:00 -
[2]
Originally by: Jackson Bensidus So I've been trying to do this "Trading" thing, and have been a little successful, although I'm not raking in the hundreds of millions that all the guides talk about. At any rate, I've been using a mission hub to trade, and I keep having to compete with regional orders.
Why would anyone place a regional order for thousands of items? Wouldn't that force them to fly to tens or hundreds of stations to pick up what you bought?
Also, is it really possible to be making over twenty million a day in just regular trading?
Some people find this useful.
http://dl.eve-files.com/media/0812/HEXXX.rar
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Ayaska Shran
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Posted - 2011.01.11 19:59:00 -
[3]
Originally by: Jackson Bensidus
Why would anyone place a regional order for thousands of items? Wouldn't that force them to fly to tens or hundreds of stations to pick up what you bought?
Not always. Many people are patient. Items bought remotely will aggregate over time and build up into large stock piles. At that point they will have more options than just running around trying to haul everything.
Originally by: Jackson Bensidus
Also, is it really possible to be making over twenty million a day in just regular trading?
Yes.
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Liberty Eternal
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Posted - 2011.01.11 20:01:00 -
[4]
Edited by: Liberty Eternal on 11/01/2011 20:01:17
Originally by: Jackson Bensidus Why would anyone place a regional order for thousands of items? Wouldn't that force them to fly to tens or hundreds of stations to pick up what you bought?
Market distribution is not uniform, most regional stock purchases will therefore be concentrated in a few leading stations. You can rely on 60-80% of your regional trades being deposited in 5-10 stations.
If your margin is over 40% profit, you can therefore ignore the items deposited in all the other stations without losing any isk. You can leave them to rot, or alternatively wait for them to grow into a large enough stockpile to be worth collecting. If you have margins at 50-100%, you can also easily afford to send couriers to pick up from those 5-10 main stations at regular intervals.
Yes, it's quite easy to make more than 20 million profit a day. When calculating profit per day you should take an average as the amount will vary from one day to the next.
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Jackson Bensidus
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Posted - 2011.01.11 20:06:00 -
[5]
Huh. Well, I'll keep plugging away then.
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Zombatar
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Posted - 2011.01.11 20:07:00 -
[6]
Originally by: Jackson Bensidus
Also, is it really possible to be making over twenty million a day in just regular trading?
I can confirm that, looks like I went from a few mil/day to 25 mil/day in profits to now at around 75 mil/day in profits. Quite a nice progress I say.
That is in passive income, aka I make updates once or twice a month. If I active trade I can make a few hundreds a day. It all depends on the market you know.
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Jackson Bensidus
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Posted - 2011.01.11 20:17:00 -
[7]
Originally by: Zombatar
Originally by: Jackson Bensidus
Also, is it really possible to be making over twenty million a day in just regular trading?
I can confirm that, looks like I went from a few mil/day to 25 mil/day in profits to now at around 75 mil/day in profits. Quite a nice progress I say.
That is in passive income, aka I make updates once or twice a month. If I active trade I can make a few hundreds a day. It all depends on the market you know.
Daaaaaaaaanng. Nice. I'd ask you how on Jita you did that, but I know if you told me it wouldn't work. But now I have something to aim for.
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.01.11 20:49:00 -
[8]
Originally by: Jackson Bensidus Also, is it really possible to be making over twenty million a day in just regular trading?
Even at a relatively low 0.5% profit per unit (which should be trivially obtainable), you get 20 mil for a mere 4 bil ISK daily turnover, which again, should not be difficult to accomplish with, say, a 30 bil ISK starting wallet and a really, really lazy trading mode (average turnover time of 1 week). Quite a few aggressive//active traders actually manage to turn over their whole inventory twice a day at a higher profit per unit (10% is not even uncommon, let alone unheard of), so to get the same 20 mil ISK per day from "regular trading" they only need to have a starting wallet of only around 100 mil ISK.
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Make ISK||Build||React||1k papercuts _
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Berikath
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Posted - 2011.01.11 21:43:00 -
[9]
Originally by: Akita T you get 20 mil for a mere 4 bil ISK daily turnover, which again, should not be difficult to accomplish with, say, a 30 bil ISK starting wallet
Akita- remember, starting traders have starting trader wallets. 30 (or 4) bil isn't "mere" to them ;)
*** [ SIG] ***
Wish list for PI:
*One-click input routing *Copy product, inputs & outputs in factories *Launchpad upgrades: twice the space, twice the cost, half the hassle! [ /sig ] |
Moffegreven Moff
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Posted - 2011.01.12 17:41:00 -
[10]
Originally by: Berikath
Originally by: Akita T you get 20 mil for a mere 4 bil ISK daily turnover, which again, should not be difficult to accomplish with, say, a 30 bil ISK starting wallet
Akita- remember, starting traders have starting trader wallets. 30 (or 4) bil isn't "mere" to them ;)
Thanks, from reading all those posts about huge wallet sizes and then looking at my wallet I was like
:| :( D:
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