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Amber Lana
Solar Vista. Dead Space Syndicate
18
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Posted - 2014.09.10 05:05:00 -
[1] - Quote
Hello MD,
I know there are many different kinds of trading, such as: 1. Station Trading 2. Inter Hub Trading 3. Hotspot (or whatever you call it) trading 4. Intra and inter regional trading.
My question is: What are some tips for each of these kinds of trading? Are there any more I should be aware about?
Thanks. |
Michael Bloomberg
Frontiers United
6
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Posted - 2014.09.10 06:01:00 -
[2] - Quote
There is more than enough information on this forum and through a quick I-NET search to satisfy all your needs and queries.
That being said here is my brief run down:
1. Station Trading - Gonna need more ISK 2. Inter Hub Trading - Gonna need more redfrog 3. Hotspot (or whatever you call it) trading - gonna need more research 4. Intra and inter regional trading. - Gonna need a bigger boat
Then you asked if there were any more you should be aware of, yes,
5. Time Trading - Is it even worth your time? 6. Manufacturing Trader - Can you get a higher profit % if you make the item from bought minerals?
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TheSmokingHertog
TALIBAN EXPRESS
243
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Posted - 2014.09.10 12:57:00 -
[3] - Quote
7 - Speculators, as in people working narrow specific choice markets 8 - Validity Traders, as in people working (all) markets based upon overall market trends (hedging / betting within the general market, can be done with a wide bucket of items or a specific narrow choice of markets) 9 - Disruptors, as in people working markets without a marketing related goal, but could have other goals in mind. 10 - Hoarders - some people work with uge stocks for all kind of reasons, alliance war chests, replacement programs, etc. |
Abidal Trekt
Caldari Provisions Caldari State
46
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Posted - 2014.09.10 14:13:00 -
[4] - Quote
11 - Bad Traders, can be seen in Badgers ferrying NPC goods to low sec buy orders. |
Vaerah Vahrokha
Vahrokh Consulting
5502
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Posted - 2014.09.10 20:45:00 -
[5] - Quote
TheSmokingHertog wrote: 8 - Validity Traders, as in people working (all) markets based upon overall market trends (hedging / betting within the general market, can be done with a wide bucket of items or a specific narrow choice of markets) etc.
In RL trading they are called swing traders. I think it best describes them in EvE as well. That's what I do. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
TheSmokingHertog
TALIBAN EXPRESS
243
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Posted - 2014.09.10 23:19:00 -
[6] - Quote
Vaerah Vahrokha wrote:TheSmokingHertog wrote: 8 - Validity Traders, as in people working (all) markets based upon overall market trends (hedging / betting within the general market, can be done with a wide bucket of items or a specific narrow choice of markets) etc.
In RL trading they are called swing traders. I think it best describes them in EvE as well. That's what I do.
Sounds right, I have no banking background ;). |
Kaivar Lancer
Unlimited Speciality Networks
509
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Posted - 2014.09.11 04:12:00 -
[7] - Quote
Convenience trading would count, I suppose. Sell stuff at a remote station at a huge % markup for those people who value convenience over isk. I did this for awhile. Sales are slow, but the large margins make up for it. You don't need to update orders frequently either. |
Tinu Moorhsum
Random Events
324
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Posted - 2014.09.11 11:58:00 -
[8] - Quote
Amber Lana wrote:Hello MD,
I know there are many different kinds of trading, such as: 1. Station Trading 2. Inter Hub Trading 3. Hotspot (or whatever you call it) trading 4. Intra and inter regional trading.
My question is: What are some tips for each of these kinds of trading? Are there any more I should be aware about?
Thanks.
If you're just talking about trading then it sounds like you've done your homework.
I've tried it all and I'll give you my take:
1) station trading = RSI and a MASSIVE time investment. I think I still have stuff in 200 stations that I know I'll never visit. 2) Interhub trading = like musical chairs with a risk of being that one who was a LITTLE too late and ended up with inventory instead of profit 3) Hotspot trading = easy profits for little work. The complication is finding a hot spot. Access to nullsec helps a lot. 4) This is the same as #2 or #3 in my mind.
Here are a couple of tips.
- If you want to do station trading then don't just put in buy orders for everything until you run out of slots. To be very effective it helps a LOT to know how much it costs to produce something because you want to buy UNDER the cost to manufacture or you run the risk of getting stuck with inventory because producers can undercut you.
- diversify. You'll end up with inventory and a lot of it. This is the big worry of all abitrage traders... ending up holding the banana when all you wanted to be was the middle man. This is the underlying force that drives the 0.01ISK game. It's fear. Be prepared to take losses in some areas.
- In my humble opinion you can't win the 0,01isk game across the board so play it selectively and just force sell certain items. For example, if I have 150 sell orders up but only three of them are going to put more than a billion isk in my wallet then I sit on those and let the rest just sell. Normally about 80% of stuff you ignore will sell within 3 months.
- Hot spots .... these are interesting becuase you don't have the pressure from the autistic yellow-toothed neck-beards that you have in hubs. Especially in Nullsec, it's easy to sell stuff. What I personally do is to look at alliance fittings and just put 20 or 40 (or whatever you can manage) alliance level contracts up for fully fitted doctrine ships. Things like interceptors, bubblers, logi, and recons sell faster than you can make them. For example, If I move 100 interceptors out to nullsec and don't put them on contracts for stupid prices then people will buy them all in a week. Say that's 3mil profit per ship. That's not a lot if add up the margins on all the parts, but that 100*3 million per week. Worth doing. That's hot-spot trading. If you're REALLY clever then you'll restock contracts just before or just after a major strat op. knowing what's planned helps a lot.
- This actually works two ways. For the same reason people don't want to go to Jita to buy stuff and move it to nullsec (ergo, they buy from contracts), they also don't want to be bothered, or take the risk, to move their 10billion isk worth of minerals and PI stuff OUT of nullsec. Just like in real-life trucking, you make money going both ways. buy stuff in nullsec that you can sell for a profit in high-sec and make sure you keep contracts flush. Not only are you doing a service, but if you can play this game, it's easy money. A friend of mine makes Moros' in nullsec right in the station with the minerals he buys instead of even moving them. Selling a moros is another value added product and gives a % above what you put in. He's rich. VERY rich, and he hasn't had a sell order up in Jita for 6 or 7 years, that I know of. That said, you will accrue inventory. The friend I mentioned has more stuff laying around in hangars than the total net worth of all of my characters combined. Even he has no idea what he's worth. From sniffing around his hangars the last time I was at his house it's easily in the 100's of billions. Almost all of it from hot-spot trading.
- There is another type of "trading" that I'll call the "producer". I'll give you an example. I make several modules. One of them (not a big surprise) are damage controls. Almost every ship uses one. You can sell them in Jita for about double what you make them for, but you need to play the 0.01isk game to force sell them in the volumes I make them. But I don't sell them in Jita. I sell them in Nullsec. What I do is just top off the jump freighter with damage controls so I'm not jumping with empty space in the freighter. In Nullsec I sell them for the same price they sell in Jita. That undercuts all the guys who bought a bunch in jita and paid to have them moved to nullsec. They can't match my price so what ends up happening is that in order to sell their own inventory, they buy all of mine and re-list it. I can't make damage controls fast enough.
That's probably too much of a peek up my skirt but I wish someone had told me this when I first started playing EVE. I hope you can profit from it. And if you decide to make damage controls, I know who you can sell them to ;)
T-
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