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Kass Odunen
Aegis Defense Industries
0
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Posted - 2014.05.30 22:49:00 -
[1] - Quote
I have been looking into starting to trade for a while now, I have some starting isk from my main, and I did a little trading with minimal success some months ago. However I have some questions that I'd really appreciate if anyone could clear up:
How fast should I expect orders to fill? -This always frustrated me, orders seemed to never fill. Normally this wouldn't worry me but I feel like every time I try and put isk into some orders the margins close around me before I get them filled
-Is it better to .01 isk, or set up prices and wait for market fluctuations?
-What is the minimum margin I should be looking for?
-Is it worth it to do hauling/Interhub trading etc. at the beginning, or should I stick to one station?
Thanks in advance for any replies. |
Nedly Stark
Caldari Provisions Caldari State
44
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Posted - 2014.05.30 23:02:00 -
[2] - Quote
Quote:-This always frustrated me, orders seemed to never fill. Normally this wouldn't worry me but I feel like every time I try and put isk into some orders the margins close around me before I get them filled
-Is it better to .01 isk, or set up prices and wait for market fluctuations?
If you need the isk fast, fight the .01 war, otherwise let supply & demand execute your orders.
Quote:-What is the minimum margin I should be looking for?
If you're just starting out, take any margin that give you comfortable profits equvilent to the amount of effort you put into it. If you're region trading, you dont want to fly your freight to the otherside of the region just for a 5% return. (Or maybe you do?)
Quote:-Is it worth it to do hauling/Interhub trading etc. at the beginning, or should I stick to one station?
Again it's up to you and your trading style, do what you like best. Each has it's own pros/cons. Station trading i found to be more effective but can take some time to allow prices to change into your buying & selling objectives, whereas regional or out of region trading can provide better returns depending on margins. |
Kass Odunen
Aegis Defense Industries
0
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Posted - 2014.05.30 23:07:00 -
[3] - Quote
When you do regional trading do you usually do buy from sell orders and sell to buy orders? |
Nedly Stark
Caldari Provisions Caldari State
45
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Posted - 2014.05.31 00:15:00 -
[4] - Quote
Always use buy & sell orders unless you can buy/sell with a noticeably good margin. |
Kass Odunen
Aegis Defense Industries
0
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Posted - 2014.05.31 00:19:00 -
[5] - Quote
Would you recommend interhub or simply between a hub and a mission hub? |
Adunh Slavy
1454
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Posted - 2014.05.31 00:21:00 -
[6] - Quote
Kass Odunen wrote: How fast should I expect orders to fill? -This always frustrated me, orders seemed to never fill. Normally this wouldn't worry me but I feel like every time I try and put isk into some orders the margins close around me before I get them filled.
Depends on your style. And there is no rule you must use the same style, or perhaps tactics, all the time.
Ultimately, it is a time and effort preference, like pretty much everything else in Eve.
Kass Odunen wrote: -Is it better to .01 isk, or set up prices and wait for market fluctuations?
Some folks love the 0.01 ISK thing, personally I can't stand it. I have other things to do. Fluctuations do come and go, sometimes not as fast as we would like or swing as much as we'd like.
Sometimes, it is just best to buy a whole bunch right off the market and sit on it for a while and sell it right back into the market, no waiting at all. This tends to work best with items that have a low bid/ask spread.
Kass Odunen wrote: -What is the minimum margin I should be looking for?
A profit is a profit, discover the minimum spread you need, by looking at your taxes and fees, for both the buy and the sell, add them both up to one number. That's your minimum.
Make a spread sheet, Knowing Excel and Access, or whatever software prefer, are helpful.
If you're going to do the market flux angle, keep records of what it is you paid for something. That way, three months down the road, when you have forgotten and the in-game log is less than helpful, you don't mess your self up.
Kass Odunen wrote: -Is it worth it to do hauling/Interhub trading etc. at the beginning, or should I stick to one station?
I would say, try both. Find out which you like better. My guess is, you'll come up with your own mix. Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.-á-á- William Pitt |
Scion Lex
Tungsten Carbonide Asset Management
68
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Posted - 2014.06.01 20:24:00 -
[7] - Quote
All of your questions are great ones. They all have like 30 different answers. Since you are starting off I would try going region wide on ship hauls. You can usually find and easy 10% there. Your looking for turn-over more than anything else. Its an internet spaceship game....try investing in internet spaceships. |
Felicity Love
It Was the Year 3030
1841
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Posted - 2014.06.02 00:17:00 -
[8] - Quote
Unless you actually like spending entire days running around collecting "stuff" because Region orders seemed like a good idea, then carry on.
Otherwise, stick to learning the basics of station trading. It's less demanding on skills, but requires a bit more focus on prices as they fluctuate.
If you do like hauling loot, and ass, all over vast regions of space -- then stick with small stuff that is easily moved in small, FAST ships.
TIME is ISK.
"HTFU ! " -á--- -áKatee Sackhoff, aka "The F-Bomb Queen of EVE" ! !-á
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Sabriz Adoudel
Mission BLITZ
3033
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Posted - 2014.06.02 01:58:00 -
[9] - Quote
If you want something that is doable now and offers moderate returns, meta 4 warp scramblers are at very different prices in different corners of contiguous highsec. There are large numbers of sell orders in Sinq Laison region that are less than Jita buy order prices. Including some in Dodixie.
There is always risk involved and I may have a stake in this item. https://forums.eveonline.com/default.aspx?g=posts&t=346564 - a proposal to overhaul the Logistics skill https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. www.minerbumping.com - ganking miners and causing chaos |
Kass Odunen
Aegis Defense Industries
0
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Posted - 2014.06.02 05:07:00 -
[10] - Quote
Sabriz Adoudel wrote:If you want something that is doable now and offers moderate returns, meta 4 warp scramblers are at very different prices in different corners of contiguous highsec. There are large numbers of sell orders in Sinq Laison region that are less than Jita buy order prices. Including some in Dodixie.
There is always risk involved and I may have a stake in this item.
So far I've been using the eve-central trade finder to do some interegional hauling, and I've made a spreadsheet to hold all the data I've collected, however doing that I've ended up with a margin of less than 3%. I've now started to try and buy in 1 hub and put the stuff up for sell orders in another hub. This is getting me slightly higher margins, but I'm not totally sure it's worth while since it takes a few days for me to sell the stuff, during which time my isk is pretty much all locked up.
(I've been using an Orca for hauling, usually I run out of isk before cargo space) |
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Kass Odunen
Aegis Defense Industries
0
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Posted - 2014.06.02 05:08:00 -
[11] - Quote
Scion Lex wrote:All of your questions are great ones. They all have like 30 different answers. Since you are starting off I would try going region wide on ship hulls. You can usually find an easy 10% there. Your looking for turn-over more than anything else. Its an internet spaceship game....try investing in internet spaceships.
Is there a good way to set up buy orders for certain systems from 1 location, or do you mean go and buy them off sell orders? |
Far Wanderer
Bank of Far
68
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Posted - 2014.06.02 05:20:00 -
[12] - Quote
Kass Odunen wrote:Thanks in advance for any replies. If you have some spare time, you can read what this guy did. Start from the beginning, btw.
Comes with nifty music, too.
I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn |
Kass Odunen
Aegis Defense Industries
1
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Posted - 2014.06.02 20:44:00 -
[13] - Quote
I've been reading the first couple months so far and it seems pretty useful I've modified my spreadsheet searching to account for some of his ideas, and I'm planning to write a quick program to search eve-central. Thanks guys! |
Scion Lex
Tungsten Carbonide Asset Management
69
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Posted - 2014.06.03 19:36:00 -
[14] - Quote
Kass Odunen wrote:Scion Lex wrote:All of your questions are great ones. They all have like 30 different answers. Since you are starting off I would try going region wide on ship hulls. You can usually find an easy 10% there. Your looking for turn-over more than anything else. Its an internet spaceship game....try investing in internet spaceships. Is there a good way to set up buy orders for certain systems from 1 location, or do you mean go and buy them off sell orders?
I mean region wide buy orders, just like I said. Flip them on site...as in no shipping. Don't sweat lowsec buys, pirates need ships too. This will mean having some trade skills maxed....I think. But nothing that would take more than a week or so iirc. Set a escrow value you are comfortable with in a few hulls that turn over well....like barges. Maintaine that escrow for a week...then focus on keeping the sell orders updated and be willing to devalue your inventory, because its going to happen. Track it all and adjust accordingly. You'll find a good niche in there good for at least 20m a day for 10mins of your time....ususally.
20m a day running at least 250m in escrow......for example. But you would need to be on top of it. Say 3 times a day if you ran that on just t1 barges. Depends on the local turn over. Same idea will work on most hulls. |
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