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aaaaw yeh
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Posted - 2011.07.11 00:57:00 -
[1]
Hi,
I recently got into station trading. Now, I've been playing this game for a long time but never done any trading. So I googled around and thought station trading might suit me best.
Now, I started out with a couple of mill to try and get the hang of it. That's worked great, and now i've invested about 500mill in station trading. When I had little ISK it was easy trading. Found a item with good margins and that sold well and put a buy order and then sold all that stuff. Now my question is; now that I have a lot more ISK to work with, do I just make bigger orders for the high volume items at the same price or do I start moving into placing buy orders for ships and so on ? And if it is the former, what do I gain of having a order that is for 1000 items vs 100 items ? I still need to log on and up the buy order prices and so on.
Any help is appreciated. Thank you
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Serene Python
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Posted - 2011.07.11 01:06:00 -
[2]
Know your market. If 1000 volume lasts you a week but you login on a daily basis to update orders, use a smaller volume so you can diversify into other item markets. This way when one buy order is filled you can just re-list it and take a small hit with that market rather than limiting what markets you've got your hand in.
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Roguehalo
Caldari Roguehalo Ship Brokers
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Posted - 2011.07.11 08:05:00 -
[3]
You need to expand by finding more items to put up buy orders for. Once you have the number of buy orders you are comfortable with you then expand by trading up to more expensive items.
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Adunh Slavy
Ammatar Trade Syndicate
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Posted - 2011.07.11 23:39:00 -
[4]
Same thing as the real world - Diversify. Invest in some high volume low spread things that have enough volitility to give you a profit down the road. Invest in a few high value large spread thigns that you pay more attention to momment to moment.
The high volume low spread trade tends to be less risky, providing of course you're hitting the trends at the right times. The things with large spreads can be more risky. Those spreads can vanish very quickly and sometimes take a while to recover.
Figure out for your self a comfortable ratio. How much cash to keep, how much to invest in sure thing long trades and how much to put into shorter term risk trades.
Long term trades tend to consume more reaserch time, and short term risk trades tend to consume more focus on the market window and playing the 0.01 ISK game. Discover which you like better, or perhaps which you hate doing, and find your balance from there.
Sandbox Protection League
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Magnu Stormhawk
Stormhawk Enterprises
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Posted - 2011.07.12 12:52:00 -
[5]
Moving up to more expensive items might seem to be the most obvious route, but it isn't necessarily. Bigger ticket items such as ships are likely to have lower volumes and your profits may not improve from the portfolio you are working with already. Ramping up the size of your orders is all well and good, if the traded volumes are large enough for you to be filling them substantially between your sessions in-game. Otherwise you are tying up more capital than you need. It's been covered pretty well above - diversification is the way to go. Use the profits from the markets you are comfortable in, to investigate other areas of the market and learn where other profits are.
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aaaaw yeh
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Posted - 2011.07.14 21:22:00 -
[6]
thank you so much for your replies. I am still very new to this and I see I have very much to learn. I have another question though .. how much should I invest per day ? I know you can tell me the exact numbers and it's probably up to preference, but I am hoping to make as much isk as possible and I log on 2 times per day. at 0600 eve time and around 1800-2100 eve time.
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Beckie DeLey
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Posted - 2011.07.15 05:44:00 -
[7]
Edited by: Beckie DeLey on 15/07/2011 05:46:04 How much you should invest? Well, the more money you throw at the market, the more money you can pull out of it again. Money makes more money, there's no upper limit. Just invest whatever you think you can tie up.
Obviously it depends a lot on which items you are trading in, how many of them sell each day and on your skills, for example how many buy/sell orders you have available.
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Kara Books
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Posted - 2011.07.15 16:33:00 -
[8]
I concur with Python, The more time you spend on the market, the more you can diversify.
Find the middle ground and remember, time is money, so don't ignore missions, mining and Learning (later on information will be, by far, your most valuable asset)
What do you want out of the market, do you want to pull out 50 mill a day or are you happy with 25 and want to do nothing? there's so many different ways to trade in this game its, just mind boggling, remember, just keep trying new things, NEVER stop... keep at it and learn all the nooks and crannies in different systems and regions... that's where the real ISK is at.
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