Pages: [1] :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Xotcl Gaterau
Center for Advanced Studies Gallente Federation
6
|
Posted - 2015.12.30 01:09:59 -
[1] - Quote
Can someone explain this to me?
In order for this to work, doesn't it mean you have to find an item that sells for less than the buy orders at that same station?
And isn't that impossible since a buy order that is more than a sell order is automatically filled?
I know this is basic, but i'm having trouble understanding.
I've looked at a bunch of station trading guides but none explain this basic point.
Thanks in advance for any help.
|
Luke Skywalking
SRS-BSNS
12
|
Posted - 2015.12.30 01:15:17 -
[2] - Quote
To my understanding, it could be as simple as buying an item low at one trade station (for example at Rens trade hub in Minmatar, or any other station) , and taking the effort to resell at major trade hubs like in Jita..
Websites like Eve Central can be an useful tool for you.
|
Paranoid Loyd
7981
|
Posted - 2015.12.30 01:15:45 -
[3] - Quote
It's a two step process, you look for items that have a margin between the buy and sell orders. You place buy orders for the lower amount and then you relist them as sell orders for the higher price.
"Gankers are just other players, not supernatural monsters who will get you if you don't follow some arbitrary superstition. Haul responsibly and without irrational fear." Masao Kurata
Fix the Prospect!
|
Paranoid Loyd
7981
|
Posted - 2015.12.30 01:16:31 -
[4] - Quote
Luke Skywalking wrote:To my understanding, it could be as simple as buying an item low at one trade station (for example at Rens trade hub in Minmatar, or any other station) , and taking the effort to resell at major trade hubs like in Jita..
Websites like Eve Central can be an useful tool for you.
This is regional trading, not station trading.
"Gankers are just other players, not supernatural monsters who will get you if you don't follow some arbitrary superstition. Haul responsibly and without irrational fear." Masao Kurata
Fix the Prospect!
|
Xotcl Gaterau
Center for Advanced Studies Gallente Federation
6
|
Posted - 2015.12.30 01:21:16 -
[5] - Quote
Luke Skywalking wrote:To my understanding, it could be as simple as buying an item low at one trade station (for example at Rens trade hub in Minmatar, or any other station) , and taking the effort to resell at major trade hubs like in Jita..
Websites like Eve Central can be an useful tool for you.
No, that's different. I'm talking about sitting in a station making isk from buy/sell orders. Not transporting. |
J'Poll
Perkone Caldari State
6134
|
Posted - 2015.12.30 01:23:50 -
[6] - Quote
Not quite as you say.
As an example:
Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it. Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.
Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK.
Of course, the more traders in station and the bigger the market, the closer the margins are.
Another nice option is speculation trading. So by taking advantages of rumours and proposed changes you can actually play the market very well.
A nice personal example, when they changed the Interceptors to become immune to interdiction bubbles, me (and a lot of other traders) saw that this would be a great chance to make some ISK, as every null-sec player and their mom and dog would want one to get in and out of null-sec easily. So, before the changes, people started buying up Interceptors (and manufacturers started pumping them out of their factories a lot) to relist them after the change for a nice mark up and cash in on the change.
The same can be done for instance if you want to be moving trader is by following the news and meta of EVE. If you know where a big war is and where one (or both - which means more customers) are buying up their resupply stuff, jump into that market.
Personal channel: Crazy Dutch Guy
Help channel: Help chat - Reloaded
Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
|
Luke Skywalking
SRS-BSNS
13
|
Posted - 2015.12.30 01:29:34 -
[7] - Quote
Paranoid Loyd wrote:Luke Skywalking wrote:To my understanding, it could be as simple as buying an item low at one trade station (for example at Rens trade hub in Minmatar, or any other station) , and taking the effort to resell at major trade hubs like in Jita..
Websites like Eve Central can be an useful tool for you.
This is regional trading, not station trading.
Indeed. My bad. |
Xotcl Gaterau
Center for Advanced Studies Gallente Federation
6
|
Posted - 2015.12.30 02:03:18 -
[8] - Quote
J'Poll wrote:Not quite as you say.
As an example:
Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it. Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.
Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK. So, basically, you want to jump into the gap that is between best buy and best sell order, but be aware that margins can be small and also take a lot of other things other then raw ISK into consideration.
But this is what i don't understand.
How can i buy the item for 2100 if the lowest sell order is 5000?
Where am i getting the item for 2100?
If i have to travel to another station to get it, that's not station trading, right?
Thsnks. |
SurrenderMonkey
Space Llama Industries
1402
|
Posted - 2015.12.30 02:20:24 -
[9] - Quote
Xotcl Gaterau wrote:J'Poll wrote:Not quite as you say.
As an example:
Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it. Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.
Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK. So, basically, you want to jump into the gap that is between best buy and best sell order, but be aware that margins can be small and also take a lot of other things other then raw ISK into consideration. But this is what i don't understand. How can i buy the item for 2100 if the lowest sell order is 5000? Where am i getting the item for 2100? If i have to travel to another station to get it, that's not station trading, right? Thsnks.
You place a buy order. You don't buy it directly. Whenever someone does an "immediate" sale, the item is sold to the buy order with the highest price, given all matching criteria (buying range, minimum QTY).
Immediate buys work similarly.
When you station trade, you generally don't do immediate buys or sells. You place standing orders and wait for someone to sell to or buy from those orders.
"Help, I'm bored with missions!"
http://swiftandbitter.com/eve/wtd/
|
Memphis Baas
877
|
Posted - 2015.12.30 02:26:58 -
[10] - Quote
It's not "where", it's "when."
If you're station trading, you're buying items in the station, holding them for a while, and then selling them out when the price increases to make you a profit. Taxes and broker fees can take out quite a chunk, so you have to be careful to calculate these into your pricing points.
Basically, it's speculation:
- CCP announces some discounts on PLEX -> some people buy PLEX and try to sell them for ISK -> extra supply -> price decreases. You buy some PLEXes, and hold onto them until, say, January or February, when all discounts are likely to expire.
- Big war starts out in 0.0 because someone insulted someone else's parent. They're fighting, they're going to need ships and modules, and they don't have much time to mine and manufacture, because it's all out daily war. Mineral prices go up, ship prices go up, etc. If you somehow find out about the war ahead of time... you could stockpile minerals now, and sell them once the war is in full swing.
- CCP gives everyone fireworks for Christmas. Some people have some fun, but the majority don't care and would rather sell the "junk." You buy them cheap, and come summer, sell them out on May 5, July 4, or other national holidays where people may feel inclined to shoot virtual fireworks to celebrate.
Some items have slight up and down variations every day. There's more demand for ships on Sunday than on Wednesday, for example, because of all the weekend warriors. Others usually vary when something big happens in the game (major war, tournament, nerf, etc.).
EDIT: Pick an item in the market and switch it to the "History" tab. You'll see it's set up to help you out, by giving running averages, Donchian channel, daily volume traded, etc. So you can figure out trends, and whether something sells a lot or very little. Then you start guessing what's going to happen in the future. If you wan to do educated guesses, subscribe to all the EVE news websites, keep tabs on what the major alliances are doing, and read the devblogs and the Upcoming Changes forum to see what changes CCP may be making. |
|
ergherhdfgh
Imperial Academy Amarr Empire
1049
|
Posted - 2015.12.30 03:25:11 -
[11] - Quote
https://eve-central.com/
So as of my writting this trit is buying for 6.33 isk and selling at 6.46 isk. If you buy trit at 6.33 and sell it at 6.46 then you are making 0.13 isk per unit sold minus market set up costs. That is station trading. You may say that 2% is not enough of a margin and so you either look for something with a better margin or put up a lower buy order and hope that trit comes down in price at some point.
Either way the concept remains. Buy something at one price and sell it at a higher price. If you do it completely in a station it's called station trading. If you do it across regions it's called regional trading. But no matter what trading is trading, buy low sell high. |
Xotcl Gaterau
Center for Advanced Studies Gallente Federation
6
|
Posted - 2015.12.30 03:36:08 -
[12] - Quote
SurrenderMonkey wrote:Xotcl Gaterau wrote:J'Poll wrote:Not quite as you say.
As an example:
Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it. Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.
Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK. So, basically, you want to jump into the gap that is between best buy and best sell order, but be aware that margins can be small and also take a lot of other things other then raw ISK into consideration. But this is what i don't understand. How can i buy the item for 2100 if the lowest sell order is 5000? Where am i getting the item for 2100? If i have to travel to another station to get it, that's not station trading, right? Thsnks. You place a buy order. You don't buy it directly. Whenever someone does an "immediate" sale, the item is sold to the buy order with the highest price, given all matching criteria (buying range, minimum QTY). Immediate buys work similarly. When you station trade, you generally don't do immediate buys or sells. You place standing orders and wait for someone to sell to or buy from those orders.
Now i see. Thanks for explaining. |
Omnarius Ziltoid
Merchants Trade Consortium The Last Chancers.
4
|
Posted - 2015.12.30 03:38:05 -
[13] - Quote
Excuse me while I hijack, but still relevant. Is it really worth playing the .01 ISK game or should you place the orders and just wait for them to be filled? |
Cara Forelli
Meticulously Indifferent
1427
|
Posted - 2015.12.30 04:59:37 -
[14] - Quote
I found this guide useful when starting out. Particularly this explanation.
Omnarius Ziltoid wrote:Excuse me while I hijack, but still relevant. Is it really worth playing the .01 ISK game or should you place the orders and just wait for them to be filled? There are wide-ranging opinions on this. Certainly, if you have the time (and willpower) to 0.01 ISK you will get your profits faster than others. Which means you can reinvest them quicker and make more money of that money. However, it's hard to maintain and easy to burn out. This is basically low-margin, high volume trading.*
Many of the most successful traders prefer to ride the larger "swells" as the market ebbs and flows. Placing below-average buy orders and above-average sell orders and waiting for the market to hit those levels, even if it takes weeks or months. Speculation on price changes (due to patches, politics/doctrine changes, meta shifts etc.) is often wrapped up in this process. It's slower so it's not as easy to do with small amounts of capital to invest, because you get bored of waiting. This is high-margin, low volume trading.*
Personally, I do some of each. I'm probably more successful at the first style - it's easier. When you start to have large amounts of capital you can't figure out how to invest, or want to get involved in speculation or market manipulation, the second becomes more attractive.
*a slight oversimplification, as there are also items you can 0.01 with large margins and low volume because of rarity or lack of demand which I would also refer to as low-volume, high-margin.
Adventures
New player with questions? Join my public channel in game: House Forelli
Titan's Lament
|
Chainsaw Plankton
Signal Cartel EvE-Scout Enclave
2258
|
Posted - 2015.12.30 05:10:57 -
[15] - Quote
Omnarius Ziltoid wrote:Excuse me while I hijack, but still relevant. Is it really worth playing the .01 ISK game or should you place the orders and just wait for them to be filled? yes, no, maybe
it mostly depends on how fast you want the order to fill. many items will flow up and down through the week/month so you can set up an order and just wait for it, but if you are actively trading why not update it to get it to fill faster? And some markets slide up or down so that can make waiting for it not work well. on an up market your sell orders will go, but buy orders won't. on the down market your sell order will just sit there while you are holding on to a pile of goods that are worth less than you thought they would be.
if you are going to focus on trading then I'd suggest updating often. The more stuff you move the more isk you make! if you just want to try and pick up some gear and save a bit of money then maybe checking them once a week or so will be fine.
or you can always make bigger than 0.01 moves and tick off the 0.01ers and squeeze the margin and hope to drive people out of the trade. Or buy out everything in station and relist at a higher price
@ChainsawPlankto
|
ergherhdfgh
Imperial Academy Amarr Empire
1049
|
Posted - 2015.12.30 13:06:30 -
[16] - Quote
Omnarius Ziltoid wrote:Excuse me while I hijack, but still relevant. Is it really worth playing the .01 ISK game or should you place the orders and just wait for them to be filled? This is a game do what you enjoy.
Years ago when I used to play WoW there were people that I knew in game that would play the auction house for hours and hours every day. They would max out the amount of in-game currency that they could hold on their account and have to spend large amounts on silly things or just let the gold waste as it went into their already full wallets. This was back before WoW had a PLEX equivalent and back when you had to get most of your gear through drops so the gold could not even do all that much for you. They would make the money for the sake of making it.
If you are that kind of person that gets your kicks off of sitting in Jita 0.01ing all day then by all means do it. However if that feels like work to you then I recommend that you work and hour of overtime at your real life job and buy a PLEX and sell it for a quick 1.2 Billion as it will be less work for you. |
J'Poll
Perkone Caldari State
6139
|
Posted - 2015.12.30 13:16:35 -
[17] - Quote
Xotcl Gaterau wrote:J'Poll wrote:Not quite as you say.
As an example:
Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it. Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.
Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK. So, basically, you want to jump into the gap that is between best buy and best sell order, but be aware that margins can be small and also take a lot of other things other then raw ISK into consideration. But this is what i don't understand. How can i buy the item for 2100 if the lowest sell order is 5000? Where am i getting the item for 2100? If i have to travel to another station to get it, that's not station trading, right? Thsnks.
You have two options on the market:
Buy from sell orders, which means you pay what the other wants you to pay. Or buy using buy orders.
The first means you will pay more but get the item straight away. This option the seller is 'advertizing' his good on the market. The second means you will pay less but have to wait till someone with the item comes along and finds your offer for said item good enough. The buyer is 'advertizing'
But, this is all basic Marketing 101 here, read up on it.
Personal channel: Crazy Dutch Guy
Help channel: Help chat - Reloaded
Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
|
J'Poll
Perkone Caldari State
6139
|
Posted - 2015.12.30 13:20:05 -
[18] - Quote
Omnarius Ziltoid wrote:Excuse me while I hijack, but still relevant. Is it really worth playing the .01 ISK game or should you place the orders and just wait for them to be filled?
Easy answer as Im on my phone so wall of text typing is a PITA;
It depends.
Where are you? What are you trading? How are the margins? How high is trade volume? How fast do items flip over?
Personal channel: Crazy Dutch Guy
Help channel: Help chat - Reloaded
Public roams channels: RvB Ganked / Redemption Road / Spectre Fleet / Bombers bar / The Content Club
|
Solecist Project
The Scope Gallente Federation
29263
|
Posted - 2015.12.30 13:31:35 -
[19] - Quote
J'Poll wrote:Omnarius Ziltoid wrote:Excuse me while I hijack, but still relevant. Is it really worth playing the .01 ISK game or should you place the orders and just wait for them to be filled? Easy answer as Im on my phone so wall of text typing is a PITA; It depends. Where are you? What are you trading? How are the margins? How high is trade volume? How fast do items flip over? How much do you hate the other guy to drop 10 orders onto him so you will absolutely outcompete him by constantly pushing one order 0.01 isk above his?
Indahmawar Fazmarai wrote:
The game has changed little from my point of view ... yet here I am, playing again with 3 accounts...
|
ergherhdfgh
Imperial Academy Amarr Empire
1052
|
Posted - 2015.12.30 13:39:20 -
[20] - Quote
J'Poll wrote: But, this is all basic Marketing 101 here, read up on it.
I agree with J'Poll on this. It seems that it is not station trading that you don't understand but Eve market basics. Read up on the market and how buy and sell orders work then the station trading should make sense without further research. |
|
Xotcl Gaterau
Center for Advanced Studies Gallente Federation
6
|
Posted - 2015.12.30 14:11:23 -
[21] - Quote
J'Poll wrote:Xotcl Gaterau wrote:J'Poll wrote:Not quite as you say.
As an example:
Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it. Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.
Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK. So, basically, you want to jump into the gap that is between best buy and best sell order, but be aware that margins can be small and also take a lot of other things other then raw ISK into consideration. But this is what i don't understand. How can i buy the item for 2100 if the lowest sell order is 5000? Where am i getting the item for 2100? If i have to travel to another station to get it, that's not station trading, right? Thsnks. You have two options on the market: Buy from sell orders, which means you pay what the other wants you to pay. Or buy using buy orders. The first means you will pay more but get the item straight away. This option the seller is 'advertizing' his good on the market. The second means you will pay less but have to wait till someone with the item comes along and finds your offer for said item good enough. The buyer is 'advertizing' But, this is all basic Marketing 101 here, read up on it.
Ok. Now I think I understand.
In Station Trading you obtain the items to sell from buy orders you place, not from fulfilling sell orders placed by others. You then make your ISK by placing your own sell orders of the items you obtained via your buy orders.
Do I have that right now?
|
Ertur Adestur
Hek Xplo Ltd
82
|
Posted - 2015.12.30 14:38:16 -
[22] - Quote
Xotcl Gaterau wrote: Ok. Now I think I understand.
In Station Trading you obtain the items to sell from buy orders you place, not from fulfilling sell orders placed by others. You then make your ISK by placing your own sell orders of the items you obtained via your buy orders.
Do I have that right now?
Exactly this. |
Omnarius Ziltoid
Merchants Trade Consortium The Last Chancers.
4
|
Posted - 2015.12.31 02:57:26 -
[23] - Quote
Thanks for the opinions .01 isking. |
Johnny Riko
Pandemic Horde Inc. Pandemic Horde
103
|
Posted - 2015.12.31 05:01:18 -
[24] - Quote
Omnarius Ziltoid wrote:Thanks for the opinions .01 isking.
Depends what you mean by 0.01 isking. Many players are stubborn and will continue to 0.01isk your orders, even if you cut the margin by a huge amount, and leave themselves at a loss, just in the hope that it makes you quit on that item.
In that sense, cutting by more than 0.01 isk achieves nothing. Better to log in once a day and update your orders. You have to be patient with station trading. Eventually your orders will fill if the item is good enough.
Edit: High volume items are more competitive for 0.01 isk pvp. Instead look for lower volume / higher margin items. You can see how competitive an item is by checking how many people have updated their orders in the last 6-12 hours.
I wanna join up. I think I got what it takes to be a Citizen.
|
Iria Ahrens
Space Perverts and Forum Pirates
500
|
Posted - 2015.12.31 06:37:52 -
[25] - Quote
Highly competitive products are overrated. Overall, I try not to compete with other players at all. How do I do this? Look for items with no buy orders. Then do homework for each item.
I've about 270 orders. Somehow I never trained up Tycoon V. The great majority of those are bids on items no one else is bidding on. As I increase my wallet, I'll increase the bids, because right now they are a bit low, and the intent is always to encourage people to sell. So generally, it is better to have bids high enough to encourage selling rather than trashing items. When the bids are high enough, people would rather sell for quick isk, than ferry the goods to jita. That is where I make my isk.
My choice of pronouns is based on your avatar. Even if I know what is behind the avatar.
|
Lulu Lunette
Akheteru Integrated Astrometrics Hedonistic Imperative
252
|
Posted - 2015.12.31 23:49:56 -
[26] - Quote
I got a BPC a while ago that was 50 runs of a Cynosural Field Generator and I put them up for sale for what I had in them to produce + like 10% or something like that. I didn't even look at what the other orders were at.
2 months later all of a sudden my wallet wouldn't stop flashing because they were suddenly the cheapest Cynosural Field Generators. Was neat to see. I totally forgot about them lol
@lunettelulu7
Call me for your combat booster needs.
|
|
|
|
Pages: [1] :: one page |
First page | Previous page | Next page | Last page |