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Daniel Torro
Sebiestor Tribe Minmatar Republic
0
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Posted - 2015.01.20 04:16:45 -
[1] - Quote
So I've been a high sec trader for sometime now and I'm trying to figure out where to go from here. My trading results have been good to me and I have over 5.5b isk in liquid. So my question essentially is, where do I go from here? Is there some sort of an "endgame" for a trader or rather "making it".
I've talked to a few guys who say that low sec trading is where it's at but I don't really know how I can "up the ante" so to speak. Do stupidly rich elite players trade something really special or is it just a matter of being more wealthy at the end of the day? I'm looking for a bit of a challenge so I thought I would post on the forums to see what folks would recommend. Any and all advice is appreciated. |
Koniforous
Tauren Transit
190
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Posted - 2015.01.20 04:47:43 -
[2] - Quote
The challenge would be in going long, rather than short term trades. Start eating graphs and reading upcoming patch notes and sisi changes for breakfast. Decide what will rise in price and make your educated and hopeful gambles. You could always invest in capital building, or stick with plex and flip them daily.
TAUTX: Private Bank and Lending
TAUTX: Collateral Liquidation / Discount Items
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Daniel Torro
Sebiestor Tribe Minmatar Republic
0
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Posted - 2015.01.20 04:55:27 -
[3] - Quote
Koniforous wrote:The challenge would be in going long, rather than short term trades. Start eating graphs and reading upcoming patch notes and sisi changes for breakfast. Decide what will rise in price and make your educated and hopeful gambles. You could always invest in capital building, or stick with plex and flip them daily.
So basically start investing time and isk into something more speculative and long term then? |
Koniforous
Tauren Transit
190
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Posted - 2015.01.20 05:48:26 -
[4] - Quote
Daniel Torro wrote:Koniforous wrote:The challenge would be in going long, rather than short term trades. Start eating graphs and reading upcoming patch notes and sisi changes for breakfast. Decide what will rise in price and make your educated and hopeful gambles. You could always invest in capital building, or stick with plex and flip them daily. So basically start investing time and isk into something more speculative and long term then? That sounds pretty challenging to me. You could always cop out and start a new bank. Were all doin it.
TAUTX: Private Bank and Lending
TAUTX: Collateral Liquidation / Discount Items
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Gilbaron
Free-Space-Ranger Nulli Secunda
1615
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Posted - 2015.01.20 08:37:31 -
[5] - Quote
character trading is interesting, but you aren't even close to having the capital for that
but you do have enough money for a lot of market manipulation. that's the part of the market that i personally enjoy most.
Build your empire !
Rent Space in Feythabolis and Omist
Contact me for details :)
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Daniel Torro
Sebiestor Tribe Minmatar Republic
0
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Posted - 2015.01.20 09:00:43 -
[6] - Quote
Gilbaron wrote:character trading is interesting, but you aren't even close to having the capital for that
but you do have enough money for a lot of market manipulation. that's the part of the market that i personally enjoy most.
Can you elaborate on that a bit? |
Janis Dim
Dim Trade Inc.
0
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Posted - 2015.01.20 10:22:02 -
[7] - Quote
I remember struggling after my first couple of billions, too. In the beginning the game is still relatively easy, because you don't have a lot of capital, you don't have a lot of orders and you can just play the .01 ISK wars to earn some money. At least I think that's what most people do when they start trading. And then at some point that doesn't work anymore, since you can't keep multiple hundreds of orders up do date and stay mentally sane at the same time. :D
I think if you want to go from rich to super rich you just have to stay patient, increase the amount and volume of your orders as your capital grows and get used to updating less frequently. At least that seems to do the trick for me right now (to some extent), but I am still on the way to triple digits myself. So I am by no means an expert.
I don't know about lowsec trading. I never considered it. Maybe I am missing out on something, but you can definitely become super rich in Jita and Amarr, too.
For me personally the ultimate endgame goal as a trader is to find a way to make use of all that money. Sometimes this whole thing can be a bit unsatisfying, because as a trader you're not really playing with other people. You're playing an MMO all by yourself for most of the time. And yeah, ISK keeps stockpiling in your wallet but what's that good for? So yeah, that's my ultimate endgame mission as a trader. - Finding a way to make something "of importance" with all that money :D |
Bellamy Flynn
Hole Truth
0
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Posted - 2015.01.23 20:05:27 -
[8] - Quote
I'm in a similar state. I've gone from 4 million to 4 billion in the last few months, but now I'm struggling to keep my money moving. I seem to have a bit too much capital to monitor it constantly and 0.01 ISK, but not enough to swing trade or manipulate (without risking a large percentage of my capital).
Maybe I should look into some of the smaller markets with less competition for some manipulation? I have a feeling once I've multiplied my capital a few more times I'll have more options and an easier time swing trading. |
X ATM092
Clan Shadow Wolf Fatal Ascension
471
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Posted - 2015.01.23 21:31:58 -
[9] - Quote
Daniel Torro wrote:Gilbaron wrote:character trading is interesting, but you aren't even close to having the capital for that
but you do have enough money for a lot of market manipulation. that's the part of the market that i personally enjoy most. Can you elaborate on that a bit? https://forums.eveonline.com/default.aspx?g=posts&m=5323514
things like that for example |
Alexi Stokov
State War Academy Caldari State
9
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Posted - 2015.01.23 22:15:52 -
[10] - Quote
X ATM092 wrote:Daniel Torro wrote:Gilbaron wrote:character trading is interesting, but you aren't even close to having the capital for that
but you do have enough money for a lot of market manipulation. that's the part of the market that i personally enjoy most. Can you elaborate on that a bit? https://forums.eveonline.com/default.aspx?g=posts&m=5323514 things like that for example
X do you feel that doing all that was worth the effort? I do find the idea interesting as a concept but personally feel it would take way too much effort to do that. I go for simplicity |
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X ATM092
Clan Shadow Wolf Fatal Ascension
471
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Posted - 2015.01.23 23:11:12 -
[11] - Quote
Alexi Stokov wrote:X ATM092 wrote:Daniel Torro wrote:Gilbaron wrote:character trading is interesting, but you aren't even close to having the capital for that
but you do have enough money for a lot of market manipulation. that's the part of the market that i personally enjoy most. Can you elaborate on that a bit? https://forums.eveonline.com/default.aspx?g=posts&m=5323514 things like that for example X do you feel that doing all that was worth the effort? I do find the idea interesting as a concept but personally feel it would take way too much effort to do that. I go for simplicity profit is about 200b ont hat topic |
Alexi Stokov
State War Academy Caldari State
9
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Posted - 2015.01.24 07:44:43 -
[12] - Quote
Wow I greatly over estimated the time required. |
Caimi Nulang
The Blue Lobster Project
10
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Posted - 2015.01.24 12:59:18 -
[13] - Quote
Daniel Torro wrote:So I've been a high sec trader for sometime now and I'm trying to figure out where to go from here. My trading results have been good to me and I have over 5.5b isk in liquid. So my question essentially is, where do I go from here? Is there some sort of an "endgame" for a trader or rather "making it".
I've talked to a few guys who say that low sec trading is where it's at but I don't really know how I can "up the ante" so to speak. Do stupidly rich elite players trade something really special or is it just a matter of being more wealthy at the end of the day? I'm looking for a bit of a challenge so I thought I would post on the forums to see what folks would recommend. Any and all advice is appreciated.
You can always just move into more expensive markets. At <10B you've got lots of stuff that you can still trade. Trading isn't rocket science; it's just takes work on the front end. |
Ormly
Native Freshfood Minmatar Republic
1
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Posted - 2015.01.25 23:25:07 -
[14] - Quote
Always
Be
Closing
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u3pog
Ministerstvo na otbranata
1
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Posted - 2015.01.30 11:26:27 -
[15] - Quote
5.5b is just the beginning - I started with exactly that amount one year ago and at first I was very cautious and invested on certain items...What I found out is that the more ISK you have, the more you make, ofc you make mistakes, but you learn from them.
As I get richer and richer I simply expand the areas where I work...However, at some point imma get crazy if I trade with half the items on the market, so the better choice would be to trade with bigger volumes and update orders less often, ofc you have the risk of locking a lot of ISK due to market fluctuations, but hey, that's why I love EVE. I reckon once you get past the 100b it's going to be a whole new level, but that what we have MD for, I see people investing trillions on bonds, loans, character bazaar, etc...There's no limit really.
PS. I still have 2 caps sitting in there for over 6 months waiting for the price to rise again, so as Yoda said - "Patience, my young padawan!" -and you will achieve mastery! :)
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Sexy Cakes
Have A Seat
887
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Posted - 2015.01.30 13:03:22 -
[16] - Quote
Where do you go, my lovely Where do you go I wanna know, my lovely, I wanna know
Not today spaghetti.
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flakeys
Arkham Innovations
2642
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Posted - 2015.01.31 08:51:28 -
[17] - Quote
With only 5 B of working capital you shouldn't have the 'troubles' you speak of.Just go for more expensive or rare items.In my own experience the troubles start around the 50 - 100 B mark but even then a small adjustment or another way of trade aside of your regular stuff should be easy to find.For me that was expanding in regions , wich you can do with any type of trade but there are other options as mentioned above like manipulation.
Once you hoover over the 100 B mark it get's interesting as you then can start up sideprojects with a low time investment .The character trades above for example or BPO trading.Just basic stuff wich takes a few hours a week AT MOST yet keep the instream of isk steady.
If you're allready struggling with the capital you have then ,in my opinion , you're too much focussed on the way of trading you are currently doing and should try and think a bit outside of that box for yourself.Input from others on what/how to trade is nice but it's allways a question if that type of trade suits you.
We are all born ignorant, but one must work hard to remain stupid.
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Vaerah Vahrokha
Vahrokh Consulting
5639
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Posted - 2015.01.31 09:09:34 -
[18] - Quote
Daniel Torro wrote:So I've been a high sec trader for sometime now and I'm trying to figure out where to go from here. My trading results have been good to me and I have over 5.5b isk in liquid. So my question essentially is, where do I go from here? Is there some sort of an "endgame" for a trader or rather "making it".
Other notable traders have given you excellent suggestions about what and how to do stuff.
I'll give you an easy one for the bolded text: EvE is a sandbox game, you set your own objectives, you define what's your "end game".
With respect to trading for me my own objective has been to make 300B, when I got to that figure I declared victory and since then I go on cruise control and just enjoy the game.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel
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Angelica Everstar
84
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Posted - 2015.01.31 14:43:01 -
[19] - Quote
0-1b start phase 1-5b learning the basics 5-10b understanding the basics 10-50b mastering the basics 50-150b understanding trade niches 150b+ mastering trade niches
Still trying to master the trade niches
§ Any typos, bad spelling or grammar found, are yours to keep.
¢ Bonds: Current AE07 1 Trillion (Filled) // Total : 2+ Trillon ISK
¦Æ Angel ConsultingGäó || Angel's Pawn ShopGäó
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