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Radelix Cisko
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Posted - 2011.08.22 22:21:00 -
[1]
My first month as a trader. A journal
So after a few weeks of training and mission running I was getting bored with the missions mainly since I was still starting to understand the mechanics of the game and what not. I figured I'd give it a break for a while and I had started training trade skills since I had wanted to get into trading eventually.
So I started out with a couple of ships that I got from the tutorials, maybe a million ISK, and I had just lost my first cruiser in what was a pathetic PVP attempt. I started hauling mostly NPC goods since they generated a steady albeit small return. Did that for the better part of a day and earned another million. Since I was so green I needed pruning at that point I started watching the market more closely, writing down data, zipping back and forth between regions and started to draw a picture of what is going on.
I watched the market screen, started lurking MD, and sat outside Jita passive scanning ships to see whats moving in and out. With my limited capital I took some positions that I saw movement on and aquired some goods on what I thought was a good price and moved them out to places where I saw demand. End result after a week I lost my a** on most of my positions. many people moved in under me with far larger volume and I could not compete. I ended up taking a loss just to recover some ISK for a second go.
Attempt #2 turned out much better. After paying closer attention and found a niche that has apparently not been filled as well in certain areas I am starting to turn a steady profit with good volume. Im managing to turn about %15 profit consistently with a sale about every 30 minutes and its starting to accelerate as I start spreading my sell orders around a bit.
Im still small time but I'm starting to get it.
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Jerry Pepridge
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Posted - 2011.08.22 22:27:00 -
[2]
would like pledge 20b _________________________________________________
7 Easy steps |
Monstress
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Posted - 2011.08.22 22:32:00 -
[3]
Nice. Keep it up and don't get discouraged! Margin trading is a very useful skill that will allow you to make better use of your capital, so make sure you have that trained up if you find yourself placing lots of buy orders & good luck.
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SkuxNZ
Blue Republic
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Posted - 2011.08.22 22:33:00 -
[4]
I started with NPC sell/buy orders too =). Passive scanning ships in Jita though, rather intuitive if you ask me, good job and keep it up!
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Radelix Cisko
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Posted - 2011.08.22 22:45:00 -
[5]
Yeah the passive scan idea I started using it for other things first when I was trying to be a bastard. Then I realized I don't have the SP to be bastard. But it seemed natural progression to use it to find what to trade since no one tells you. Finding routes has been a challenge but I think I am finding my niche. Its very strange where you find some profitable areas.
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