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Author |
Thread Statistics | Show CCP posts - 1 post(s) |
Far Wanderer
Bank of Far
22
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Posted - 2014.04.12 07:18:00 -
[1] - Quote
The things I like most about market trading are:
- Failing spectacularly. You get to utter loud, colorful expletives and laugh at your folly while learning something new about the game--what's not to love?
- Seeing a slow moving, low priced buy order get filled all at once, and then reaping the profits on a nice margin.
- Selling a bunch of items at the lowest price in quantities of one. I like filling up the market window.
- Discovering a new item or ship with high margins for profit.
- Driving my competition out of the market.
- Learning something new about the market--usually from these forums or from a link to a blog posted to these forums.
- Seeing a swing in my Bank wallet division balance and then poking around in the journal to figure out what happened.
- Low-selling T1 items and ships, and minerals, in order to drive traffic to my corner of the EVE universe, which requires a trip through two lowsec systems.*
- The Sunday night sales rush.
- Giving a random customer his or her money back and thanking them for purchasing from me.
- Generating a consistent, regular profit for my bank customers.
What are yours?
*This gives the noobs, who will poke their unsuspecting-of-danger-noses just about anywhere in lowsec, as well as the budding market traders in Essence, a chance to explore someplace new and gives the local pirates something to shoot at (and good pirates need to be fed often). Don't fly what you can't afford to lose. --Azual Skoll |
Far Wanderer
Bank of Far
22
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Posted - 2014.04.12 07:53:00 -
[2] - Quote
oops! Don't fly what you can't afford to lose. --Azual Skoll |
Cavalira
The Greater Goon Clockwork Pineapple
317
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Posted - 2014.04.12 10:47:00 -
[3] - Quote
The best thing about the markets is when I've finally bought the last fitting module for my pvp ship, only to realise that EVE is boring, so I log off. |
Casey Maulerant
All Hail Helix
0
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Posted - 2014.04.12 13:55:00 -
[4] - Quote
Quote:Generating a consistent, regular profit for my bank customers.
No offense to your bank, and no offense to you. This just struck me like one of those articles you get in magazines where you suddenly realize it's an advert lol. You probably didn't intend it as such but made me laugh.
Mines when there's a surge in sells and I can start placing orders 0.01 above the semi-joke ones that people placed like a month ago and they actually fill (a bit) before the price stabilizes.
btw congratulations your threads taken my post virginity I've never posted before.
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Sabriz Adoudel
Mission BLITZ
2545
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Posted - 2014.04.12 14:45:00 -
[5] - Quote
I love selling someone a Mackinaw, linking the system and name in miner bumping chat, seeing a kill mail, then seeing the same person buy another Mack.
Then the ganker sells me strip miners and the gankee buys them. https://forums.eveonline.com/default.aspx?g=posts&t=326497 --áPsychotic Monk for CSM! https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec, read www.minerbumping.com. |
Koniforous
Tauren Transit
20
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Posted - 2014.04.12 15:14:00 -
[6] - Quote
Sabriz, now THAT is market pvp!
My favorite part is posting heavily inflated sell orders, and watching them sell a month later when demand is high and supply is low. 2.5% Interest Rate on all investments. More info: https://forums.eveonline.com/default.aspx?g=posts&t=322582&find=unread |
Syds Sinclair
Aliastra Gallente Federation
185
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Posted - 2014.04.12 15:36:00 -
[7] - Quote
Casey Maulerant wrote:Quote:Generating a consistent, regular profit for my bank customers. No offense to your bank, and no offense to you. This just struck me like one of those articles you get in magazines where you suddenly realize it's an advert lol. You probably didn't intend it as such but made me laugh.
..Great observation!
Some of my favorite parts of trading:
Shipping out billions worth of goods on currier contracts for pennies.
Catching the market on items where there is one order for many units selling for a few .01's above the buy order price. Buying all those units up and relisting then for the current sell order price.
Sending 5b from my Doodixie/ Amarr sellers to my Jita buyer multiple times a day.
Shipping out 10-15 loads of goods to the few trade hubs I operate in multiple times a day.
Looking at my profits on 3rd party tracking sites.
Running out is liquid ISK because there are so many profitable markets to be in. I hate it when it's a struggle to use up all your ISK.
BS'n with the folks in the Hauler's Channel.
Having some of the Hauler's Channel denizens add me as a contact win excellent standings "Because you ship out so many contracts, I want to know when you log in!"
Reimbursing myself from a PvP loss in one update cycle.
Reading Jita local, yeah I'm a nut.
And I can't think of any more. ..HighSec Mischief and Market Advice - http://rhapsodyvice.blogspot.com/ -Latest entry - 4/10/14 -http://rhapsodyvice.blogspot.com/2014/04/spheres-of-explosions-part-two.html? |
Abidal Trekt
State War Academy Caldari State
18
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Posted - 2014.04.12 17:21:00 -
[8] - Quote
You can say all you want but really it's all about the wallet blink. |
Far Wanderer
Bank of Far
22
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Posted - 2014.04.12 17:57:00 -
[9] - Quote
Casey Maulerant wrote: btw congratulations your threads taken my post virginity I've never posted before. It's all part of the service, Casey. Don't fly what you can't afford to lose. --Azual Skoll |
Koniforous
Tauren Transit
21
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Posted - 2014.04.12 18:09:00 -
[10] - Quote
Nice blog, Syds. I loved that "watch out we got an IT professional over here" pic.
I had a question for everyone: I have been adding my sell orders total, total in escrow, and wallet total to calculate a rough estimate of my value, but I really want to include my assets too. I have some long-term investment stock that is raising in price, as well as ships I have for personal funz and I want to include all of this into a monthly NAV that I can report for my investors / depositors. Do any of you do this, as I have seen other businesses do, and how should I go about doing this? I downloaded EveHQ, is this a good start?
P.S. - I also enjoy splitting up my buy/sell orders into groups so I can aggressively 0.01 the other traders, nonstop, while doing house chores. 2.5% Interest Rate on all investments. More info: https://forums.eveonline.com/default.aspx?g=posts&t=322582&find=unread |
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Syds Sinclair
Aliastra Gallente Federation
189
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Posted - 2014.04.12 19:59:00 -
[11] - Quote
..Thanks for reading Konif. Yeah when he said that to me in game, the whole conversation got slightly unintelligible, and very confusing. I'm going to post the final update to the Sphere's of Eden saga here in the next few days.
But as to your question, I personally add up all monies and assets that are flagged to be liquidated when I consider my net worth.
I don't include my personal PvP ships or support ships like my covops' and Orca. But I do like to know about how much ISK I have in personal ships, I just keep that asset list separate. ..HighSec Mischief and Market Advice - http://rhapsodyvice.blogspot.com/ -Latest entry - 4/10/14 -http://rhapsodyvice.blogspot.com/2014/04/spheres-of-explosions-part-two.html? |
Sabriz Adoudel
Mission BLITZ
2554
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Posted - 2014.04.13 01:20:00 -
[12] - Quote
Abidal Trekt wrote:You can say all you want but really it's all about the wallet blink.
As someone that both trades in high volume low margin goods, and also scams, I have grown to hate that blink.
I post a contract that, if accepted, will earn 500m profit (example: an item exchange, my 2 Elite Drone AI for your 500m ISK, masquerading as the other way around, along with a sob story about needing these for a storyline mission because a ganker stole mine).
Then, wallet flash!!!!
...
...
... oh damn, some ganker just sold two Modulated Strip Miner II to my regionwide buy order. https://forums.eveonline.com/default.aspx?g=posts&t=326497 --áPsychotic Monk for CSM! https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec, read www.minerbumping.com. |
TheSmokingHertog
TALIBAN EXPRESS
215
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Posted - 2014.04.13 03:20:00 -
[13] - Quote
Quote:Having some of the Hauler's Channel denizens add me as a contact win excellent standings "Because you ship out so many contracts, I want to know when you log in!"
Thats a godwin, right there. |
Zappity
Stay Frosty. A Band Apart.
977
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Posted - 2014.04.13 10:11:00 -
[14] - Quote
Koniforous wrote:Sabriz, now THAT is market pvp!
My favorite part is posting heavily inflated sell orders, and watching them sell a month later when demand is high and supply is low. I wish we could see trader identities in the market window. It would encourage much more interesting behaviour. Zappity's Adventures for a taste of lowsec. |
Herzyr
Ministry of War Amarr Empire
7
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Posted - 2014.04.13 16:15:00 -
[15] - Quote
The joy of trading? Please, we all know its being undercut by 0.01.
Oh wait the REAL joy? Was it undercutting by a large amount so that profits are destroyed and the blinky wallet, yes the blinky wallet is better than the blinky red. |
Tor Norman
Brave Newbies Inc. Brave Collective
126
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Posted - 2014.04.13 17:18:00 -
[16] - Quote
Reviewing your transaction history and finding items you were selling for 2 million ISK actually sold for 18 million.
I love other people's mistakes. WTF did I just read? |
Sabriz Adoudel
Mission BLITZ
2565
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Posted - 2014.04.13 22:56:00 -
[17] - Quote
Tor Norman wrote:Reviewing your transaction history and finding items you were selling for 2 million ISK actually sold for 18 million.
I love other people's mistakes.
I like this far too much, even when it occurs for trivial amounts.
I had ~500 Light Neutron Blaster II posted in Dodixie over the weekend at around 914k per unit. Saw a wallet notification - someone bought two for 1335k each.
Even though it's a trivial amount of profit (~1m manufacturing profit and ~1m trading profit on that transaction), I still laughed.
https://forums.eveonline.com/default.aspx?g=posts&t=326497 --áPsychotic Monk for CSM! https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec, read www.minerbumping.com. |
Far Wanderer
Bank of Far
23
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Posted - 2014.04.14 03:14:00 -
[18] - Quote
I've often wondered if there is a way to write your pricing such that you can engineer accidents in your favor, like what Sabriz and Tor described. Don't fly what you can't afford to lose. --Azual Skoll |
Sabriz Adoudel
Mission BLITZ
2576
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Posted - 2014.04.14 08:41:00 -
[19] - Quote
Far Wanderer wrote:I've often wondered if there is a way to write your pricing such that you can engineer accidents in your favor, like what Sabriz and Tor described.
You can post 1000 of an item at the best price (say 903k for a magstab II) and 1 of the same item at 9030k, hoping someone clicks the wrong order and buys from right click. https://forums.eveonline.com/default.aspx?g=posts&t=326497 --áPsychotic Monk for CSM! https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec, read www.minerbumping.com. |
Eve Mogul
Center for Advanced Studies Gallente Federation
9
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Posted - 2014.04.17 21:49:00 -
[20] - Quote
Abidal Trekt wrote:You can say all you want but really it's all about the wallet blink.
This. At first. For me it's now more about teaching others, as more and more and more and more isk gets boring.
Good thread! www.YouTube.com/evemogul -ástarring... Me!
www.evemogul.info -á- -áLearn to trade. -áStart winning Eve.
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Sabriz Adoudel
Mission BLITZ
2647
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Posted - 2014.04.18 00:29:00 -
[21] - Quote
Eve Mogul wrote:Abidal Trekt wrote:You can say all you want but really it's all about the wallet blink. This. At first. For me it's now more about teaching others, as more and more and more and more isk gets boring. Good thread!
Use your ISK to cause chaos. You can always make more if you need it later. https://forums.eveonline.com/default.aspx?g=posts&t=326497 --áPsychotic Monk for CSM! https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec, read www.minerbumping.com. |
Far Wanderer
Bank of Far
30
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Posted - 2014.04.19 05:40:00 -
[22] - Quote
Sabriz Adoudel wrote:Use your ISK to cause chaos. You can always make more if you need it later. Or create contests.
Or create whole trade hubs where there were none before.
Don't fly what you can't afford to lose. --Azual Skoll |
Scion Lex
Tungsten Carbonide Asset Management
58
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Posted - 2014.04.19 09:41:00 -
[23] - Quote
-Being able to tell my pilots not to sweat it when they lose a ship -Knowing the my efforts are keeping friends in the game -Being able to afford to fly Faction/tech2 all the time -Knowing I take good care of my pilots and being appreciated for it. -Being able to relax, pvp and have a good laugh on coms
-That's what I love about trading most.
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Eve Mogul
Center for Advanced Studies Gallente Federation
10
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Posted - 2014.04.19 22:53:00 -
[24] - Quote
Scion Lex wrote:-Being able to tell my pilots not to sweat it when they lose a ship -Knowing the my efforts are keeping friends in the game -Being able to afford to fly Faction/tech2 all the time -Knowing I take good care of my pilots and being appreciated for it. -Being able to relax, pvp and have a good laugh on coms -That's what I love about trading most.
Scion Lex has actually hit the nail on the head exceptionally well, and it really does go beyond simply seeing the wallet blink (which is usually just a means to an end).
When you get trading right and have 10, 11 and 12 figures of liquid isk available, and/or sufficient profits that you can't reasonably spend it all, there's little that's more rewarding than to spend your time in Eve however you please - whether it be PvPing/PvEing in any pimped out ship of your choice, stooging around with friends, or sharing the wealth with your corpies.
www.YouTube.com/evemogul -ástarring... Me!
www.evemogul.info -á- -áLearn to trade. -áStart winning Eve.
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Sabriz Adoudel
Mission BLITZ
2652
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Posted - 2014.04.19 22:59:00 -
[25] - Quote
Far Wanderer wrote:Sabriz Adoudel wrote:Use your ISK to cause chaos. You can always make more if you need it later. Or create contests. Or create whole trade hubs where there were none before.
Why create stuff when you can burn stuff?
Set the world on fire, then sell the ashes as souvenirs. https://forums.eveonline.com/default.aspx?g=posts&t=326497 --áPsychotic Monk for CSM! https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec, read www.minerbumping.com. |
Far Wanderer
Bank of Far
30
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Posted - 2014.04.20 06:27:00 -
[26] - Quote
Sabriz Adoudel wrote:Why create stuff when you can burn stuff?
Set the world on fire, then sell the ashes as souvenirs. the point of the game is to have fun.
If lighting the fires while the city sleeps (thank you MC 900 ft Jesus) is what does it for you, then flame on!
Me? I prefer to open doors for others to walk through.
I like placing sell orders on the cheap in out of the way places with low traffic and good resources, consisting of T1 items that budding traders will try to resell, and that new characters will need: frigates, modules, guns and ammo.
The new characters will sometimes stick around and explore or join local corps or even band together and start their own corp.
And sometimes they become fodder for the local pirates, which is OK too, because good pirates should be well fed.
Don't fly what you can't afford to lose. --Azual Skoll |
Michael Bloomberg
Frontiers United
1
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Posted - 2014.04.23 00:03:00 -
[27] - Quote
The feeling of getting an over-priced sell order filled off under-priced bought goods.
When you log back in and all your sell orders are gone.
Dominating a region's buy orders. Then logging back in three days later and realizing you are still dominating.
Seeing pirates run around with goods bought from you. Seeing same pirates buy the same thing from you ten minutes later.
Also, nothing like the thrill of finding a sweet profit margin. |
Far Wanderer
Bank of Far
34
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Posted - 2014.04.23 06:21:00 -
[28] - Quote
Syds Sinclair wrote: Running out is liquid ISK because there are so many profitable markets to be in. I hate it when it's a struggle to use up all your ISK. I suppose that for the EVE trader this is the very best problem to have.
Don't fly what you can't afford to lose. --Azual Skoll |
Herzyr
Ministry of War Amarr Empire
10
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Posted - 2014.04.24 14:41:00 -
[29] - Quote
Far Wanderer wrote:Syds Sinclair wrote: Running out is liquid ISK because there are so many profitable markets to be in. I hate it when it's a struggle to use up all your ISK. I suppose that for the EVE trader this is the very best problem to have.
I agree as well, there's never enough liquid ISK, especially for a trader, it's always a fight managing ISK since there's so many trade opportunities.
I don't understand people who say LEWL I am space rich. |
Elizabeth Norn
Nornir Research
219
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Posted - 2014.04.24 15:23:00 -
[30] - Quote
Far Wanderer wrote:Syds Sinclair wrote: Running out is liquid ISK because there are so many profitable markets to be in. I hate it when it's a struggle to use up all your ISK. I suppose that for the EVE trader this is the very best problem to have.
That's interesting.
Herzyr wrote: I agree as well, there's never enough liquid ISK, especially for a trader, it's always a fight managing ISK since there's so many trade opportunities.
I don't understand people who say LEWL I am space rich.
it How much ISK are you trading with and how much do you spend trading? There comes a point where you have so much ISK that using your go to trading methods to soak up all that ISK takes up more time than you'd like to spend. I don't think I've seen anyone say it quite like you put it though. .
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