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IMustashU AQuestion
State War Academy Caldari State
3
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Posted - 2015.05.01 14:46:31 -
[1] - Quote
I started trading on the 28th of march after watching Angelica Everstar's fanfest presentation and talking to some corpmates, I have traded in the past stocking my alliances nullsec stations with contacts and ammo and i have attempted station trading in the past but never to much profit and rapidly burned out.
My aim was to make enough isk to plex my 2 accounts each month and have a small amount of spending cash.
I chose to base out of amarr and not jita and transferred 500Mill to my trade alt, I placed buy orders for around 50 items mostly t2 and meta 4 modules (I was limited by skills at the time) something i had not done prior, in my prior attempts i had only invested in 3-5 items something i now realise was the main cause of my issues.
In one week i was able to grow up to 1.5b i believe this was mainly due to me having nothing better to do all day but 0.01 isk the orders not something i would recommend to other players. By the end of the week i was already starting to see the limit of t2 and meta 4 mods and i was about to take a weeks Holiday so i canceled all my buy orders and set retail V training. Here is the graph from everus for that first week.
When i returned my holiday (glen coe and glen Nevis are stunning by the way and you should visit if you get the chance) i decided to put my jump freighter up for collateral in a loan with that i was able to get a 6.5b injection of isk and started to invest in faction mods and implants i also placed some buy orders for faction ships at the time a few of the faction bs' had good margins. My faction bs' orders did fill but i found the sell market so incredibly competitive as compared to other faction gear markets especially when the volume of sales is so low, i ended up selling the bs' back to buy orders so i did not have a large % of my capital locked up for a week and just too the small loss i think i lost around 20-30 mil in total.
Around the 22nd i started to accumulate enough ISK (my aim was to keep 1-2b) and not have enough orders or items to invest in so i began to train a 2nd trade alt with the aim to put him in jita and do the same as i am in amarr which i did on the 28th.
Things i have learned
- Diversify if you think 10 different items is allot think again.
- Ships are incredibly competitive for no obvious reason
- Everus is great when you have to update lots of orders
- Theirs bigger margins to be found than you might think
Between my two characters i have this month:
- 170 orders
- 6336 Market Escrow entrances in the journal for ISK -34,834,584,252.7 total
- 1167 Market Transaction entrances in the journal for ISK 34,170,298,921.1 total
- 1168 Transaction Tax entrances in the journal for ISK -307,832,666.22 total
- 8270 Brokers Fee entrances in the journal for ISK -854,508,552.89 total
- Sold 216 item types and 34655 unique items
- Made 6,751,982,235.00 ISK profit
Here is the everus graph for the entire period http://i.imgur.com/EyjM9cQ.png
Here is the my profit graph for the last 30 days http://i.imgur.com/g97LKqW.png |
Phyllaly
Aliastra Gallente Federation
0
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Posted - 2015.05.01 16:29:58 -
[2] - Quote
Interesting read ! First of all, let me congratulate you for your progress. After your holiday, did you starting 0.01 isking again ?
I started this character (an alt) the 17th of February. I simply decided to start with a much lower capital (1m) and see how I could be able to make it grow. You will find below the jEveAssets graph from March 3rd to 4th April (one month so)
http://i.imgur.com/URLBXcp.png
I am mostly doing skillbooks. I don't have many orders however, I am right now at 47/129 orders unused. I learned few things :
- There is no miracle software which will help you making money. Some programs are great to keep track of your value, growth and get some stats which is really nice. Elinor might help you to estimate the profit margin depending of your standings
- Don't be afraid of going below the 5% profit markup.
- If there is one time to have your orders ready, it's between saturday and sunday (eve time)
Let's hope I will be able to continue with this trend ! This character just finished Wholesale V. I don't want to invest 100m for the Tycoon skillbook yet however. That's stil a sizeable portion of my net worth (feel free to make me a gift <3)
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IMustashU AQuestion
State War Academy Caldari State
4
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Posted - 2015.05.01 17:08:18 -
[3] - Quote
Phyllaly wrote:Interesting read ! First of all, let me congratulate you for your progress. After your holiday, did you starting 0.01 isking again ? I started this character (an alt) the 17th of February. I simply decided to start with a much lower capital (1m) and see how I could be able to make it grow. You will find below the jEveAssets graph from March 3rd to 4th April (one month so) http://i.imgur.com/URLBXcp.png I am mostly doing skillbooks. I don't have many orders however, I am right now at 47/129 orders unused. I learned few things : - There is no miracle software which will help you making money. Some programs are great to keep track of your value, growth and get some stats which is really nice. Elinor might help you to estimate the profit margin depending of your standings - Don't be afraid of going below the 5% profit markup. - If there is one time to have your orders ready, it's between saturday and sunday (eve time) Let's hope I will be able to continue with this trend ! This character just finished Wholesale V. I don't want to invest 100m for the Tycoon skillbook yet however. That's stil a sizeable portion of my net worth (feel free to make me a gift <3)
Thanks after i got the investment i was still 1 isking a bit but currently i just update my orders 3-4 times a day.
When it comes to software i think people get a bit confused none of the software available is going to make you more isk than you would otherwise it just helps you to manage your orders and makes updating them easier tracks stats etc
I personally aim for 15 - 20% profit margin that's easily teachable with faction and implants but it does take more of an investment. |
KUMAR OK
Perkone Caldari State
3
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Posted - 2015.05.06 15:45:55 -
[4] - Quote
Very interesting read, thank you for sharing both. I have found similar results, started with 130m and about to reach a billion in a couple of weeks, profit is coming in much faster now.
Right now I have about 40 different items I trade in, but am in one of the lower visited tradehubs.
Couple of questions if u don't mind..
What is the value of your lowest valued item u trade in for both buy/sell?
How much did the loan help you and your profits?
Are you interested in setting up a small channel of traders who don't conflict with each other?
I don't like to go below 20% profit margin at all, a lot of my items are more around 50% margin and lower valued items, and when I make some ISK back I feel like investing it back straight away, sometimes I wonder if I should let my wallet build up a bit more and start playing with some higher valued items. What do you think?
My next step is expanding into setting up a small market in FW lowsec area as profit margins are much much higher with less competition, but I am also starting to think of setting myself or another alt up in one of the more visited trade hubs. |
Seneca Cain
Helghan Administration
0
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Posted - 2015.05.09 11:15:42 -
[5] - Quote
What is everus? I'm getting nothing on google |
Cixi
Hedion University Amarr Empire
6
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Posted - 2015.05.09 11:41:52 -
[6] - Quote
Seneca Cain wrote:What is everus? I'm getting nothing on google
I think he mean everNus http://evernus.com/ |
KUMAR OK
Perkone Caldari State
3
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Posted - 2015.05.09 14:10:03 -
[7] - Quote
Cixi wrote:Seneca Cain wrote:What is everus? I'm getting nothing on google I think he mean everNus http://evernus.com/
Ah! Thanks this looks pretty good actually. I had the same issue, found nothing in regards to it was a little confusing. |
GankYou
Redshield Holding Company
349
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Posted - 2015.05.10 06:46:45 -
[8] - Quote
Real men use a calculator and keep the average entry prices in their mind.
Riveting tales nonetheless, chaps.
...And They All Crave One Thing - ISK.
Nullsec Ore Changes - Lowend Mineral Price Tracking [2015]
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Cixi
Hedion University Amarr Empire
9
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Posted - 2015.05.10 08:14:49 -
[9] - Quote
GankYou wrote:Real men use a calculator and keep the average entry prices in their mind. Riveting tales nonetheless, chaps.
I never use a third party tool because I'm always worried about leak of data
Instead I had to create my own tools on google sheet from scratch |
Cpt Bunny
The Power of Resolution
25
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Posted - 2015.05.10 11:23:29 -
[10] - Quote
Couple of Tips from someone who has been doing similar stuff for a long time.
Consider buying from jita sell orders, provides initial stock to sell, ,use a courrier contract to move it out.
ReReview the product lines your in after a while, if the volume or the margin isnt there, ,cut it.
A market Order (skill) has a value and is your most important resource if you have maxed them out.
Work out a system or a tool so you know if you sell out of a product completly, revise your stock level. there is no greater waste than a missed oppertunity. (research: just in time ordering systems IRL)
If you have a main compeditor, buy one of his items and add him to your address book. chances are hes a trader alt and only logs in for price checks. once you see him log out, do your price check.
Understand your local market: ask why there are 50 ppl in local. if the answer is not obvious, ask them! . The system might be a cap ship jump off point, a mission runner hub, a mining corp hq. once you know why, you can target your products better.
Understand how compeditive your product line is, look at the existing market orders and the time it was last undercut. you can actually calculate your potential market share quite accuratly using this. if an order is being undercut once a day, you could get a total monopoly at least for a while.
Isk in your wallet is not going to make you any more isk. another wasted oppertunity.
Hope this helps some of you. |
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Sella Lesbon
Three-legged Dogs Indomitable Intentions
0
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Posted - 2015.05.12 10:52:53 -
[11] - Quote
Great read. Its nice that people time to time tell about their workings in trade industry, as it is - a secretive business. One wrong word and your tipping your competitors.
I started with 120m and in a little more than a month i have hit 2b mark. That's 1666% growth. How stupid it wouldn't sound - i got lucky with some orders and recent patch change. Tho im in need for more.
The more money you have - the more you can make - and sadly if not carefull - one can loose.
I'm new here - maybe someone can explain me how usual loan from investor works? collateral and so on.. |
Liberties
Trade Company
0
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Posted - 2015.05.21 20:27:25 -
[12] - Quote
Great read man, keep on keeping on. |
Phyllaly
Aliastra Gallente Federation
2
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Posted - 2015.05.25 08:25:56 -
[13] - Quote
KUMAR OK wrote: What is the value of your lowest valued item u trade in for both buy/sell?
Buy order at 4k, Sell Order at 50k. Those are skillbooks like Propulsion Jamming or Afterburner. The profit amount is small, but it can pull me like 500k / day on one book (so two orders) and it allows me to monitor few things. Also I am not maxed out regarding my orders yet (I have a long way to go to max out 305 orders) so I keep it :D
KUMAR OK wrote: How much did the loan help you and your profits?
I didn't use any loan, only money from myself and the occasional L2 Distribution reward. However around the 27th of April I cancelled all my orders and started them again, cleaning old ones and creating new ones. My daily ROI went from 5% to 15/20% easily
KUMAR OK wrote: Are you interested in setting up a small channel of traders who don't conflict with each other?
Nope, sorry :) Like many people, this character is an alt (is it still an alt if I am spending more time on this character than the others ?) Trading is something I do on the side, to relax, and I don't want to add the hassle of talking too much with other people.
KUMAR OK wrote: I don't like to go below 20% profit margin at all, a lot of my items are more around 50% margin and lower valued items, and when I make some ISK back I feel like investing it back straight away, sometimes I wonder if I should let my wallet build up a bit more and start playing with some higher valued items. What do you think?
High value items are quite great, but you will end up committing a large part of your cash to few items, which could block you for making smaller investments. Regarding the profit margin I go down until 3% in most case. Don't forget to train Accounting V, Broker Relations V as soon as possible (like right after Trade V) and start farming those standings ! You can also train Social V on a Charisma Remap quite quickly
KUMAR OK wrote: My next step is expanding into setting up a small market in FW lowsec area as profit margins are much much higher with less competition, but I am also starting to think of setting myself or another alt up in one of the more visited trade hubs.
Do your research, find a nice activity, use it, and get rich :D
Programs wise, I tried Evernus, Mentat but I didn't like their interfaces at all. I use jEveAssets for the e-***** side of thing (I love watching my networth growing) and Elinor for quick maths including my standings. I absolutely love Elinor |
Shun Makoto
Caldari Independent Navy Reserve Curatores Veritatis Alliance
54
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Posted - 2015.05.30 07:36:29 -
[14] - Quote
Thank you for posting this. Great read.
Caldari Independant Navy Reserve
Curatores Veritatis Alliance
Patriot Faction
Former 22nd BRDU - Retired Milita Wing Commander
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Kira Kaliandra
EON-Tech Corporation
2
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Posted - 2015.06.02 15:00:08 -
[15] - Quote
Amazing read, thank you all! |
IcyMind Arierep
Chaotic Tranquility Lethal Intent.
14
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Posted - 2015.06.03 14:13:48 -
[16] - Quote
I done some trading made a million here and there , but never got up to the 1B mark. Good job !!!
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Echo Saber
State War Academy Caldari State
0
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Posted - 2015.06.03 16:25:08 -
[17] - Quote
Amazing read. Really helped me out. |
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