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Serena Darknight
Hedion University Amarr Empire
0
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Posted - 2016.04.11 01:20:56 -
[1] - Quote
I am a returning player from 2011 and had to start anew. I was a miner the whole time I played and now I want to dip my feet into the market. I don't know much about it so I came to this place to get some advice on where I can research some information to get on my feet. I currently have around 14m isk and a Sigil.
Are there any websites that are full of good and recent info that can get me started? I do have Evernus on the computer and been looking on how to use it to get started, but I just need some information to boost me. I am not wanting any isk from anyone.
I just want a hand-up, not a hand-out. Thank you for your time. |
Makeleth Riatu Solette
I Want ISK Corp
25
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Posted - 2016.04.11 01:58:55 -
[2] - Quote
Get your wallet up to 100m, then start looking for mid-velocity, mid-margin items to trade in-station. Once you get your wallet to a billion, you can start branching out into more lucrative items.
Need a loan? Look at my thread!
Mail me if you'd like some marketing advice or advice in general
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Serena Darknight
Hedion University Amarr Empire
0
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Posted - 2016.04.11 02:23:36 -
[3] - Quote
Makeleth Riatu Solette wrote:Get your wallet up to 100m, then start looking for mid-velocity, mid-margin items to trade in-station. Once you get your wallet to a billion, you can start branching out into more lucrative items. Can I have one example of a 'mid-velocity, mid-margin item'? Honestly, I have no clue what that even means and what would make an item 'lucrative'... |
Mindy Lelievre
Vitaluna
5
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Posted - 2016.04.11 05:53:28 -
[4] - Quote
I see you have an industrial. Have you considered contract hauling as a possible gateway profession into market trading? As a hauler you can gain some insight into what traders and industry builders are moving around, which could lead to trading ideas.
We have our own channel: "Haulers Channel" if you want to stop by and chat :) There are haulers as well as some major traders and builders since they often hire courier services. |
Cista2
Caldari Provisions Caldari State
224
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Posted - 2016.04.11 07:02:29 -
[5] - Quote
Serena Darknight wrote:Can I have one example of a 'mid-velocity, mid-margin item'? Honestly, I have no clue what that even means and what would make an item 'lucrative'... Well let's say you have 50 mil, you could trade ammunition, or modules that are worth less than 1 million each.
You can find for example laser crystal, and some T2 modules that are not too expensive. What is meant with "mid-velocity" is that the item trades for e.g. several billion overall each day, but not more than that or you will have too much competition. What is meant by "mid-margin" is that when an item does not have too much volume, you can find a difference in buy price and sell price of maybe 20%. That would mean that for each module costing 1 million isk you can make 200K profit.
My channel: "Signatures"
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Recommended: "The Biomass Bar" (for corpse selling)
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Makeleth Riatu Solette
I Want ISK Corp
25
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Posted - 2016.04.11 11:52:11 -
[6] - Quote
Cista2 wrote:Serena Darknight wrote:Can I have one example of a 'mid-velocity, mid-margin item'? Honestly, I have no clue what that even means and what would make an item 'lucrative'... Well let's say you have 50 mil, you could trade ammunition, or modules that are worth less than 1 million each. You can look at for example laser crystals, and some T2 modules that are not too expensive. What is meant with "mid-velocity" is that the item trades for e.g. several billion overall each day, but not more than that or you will have too much competition from some very stubborn traders. What is meant by "mid-margin" is that when an item does not have too much volume, you can find a difference in buy price and sell price of maybe 20%. That would mean that for each module costing 1 million isk you can make 200K profit.
Thanks cista. I fell asleep last night, so unfortunately I couldn't reply.
Need a loan? Look at my thread!
Mail me if you'd like some marketing advice or advice in general
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Serena Darknight
Hedion University Amarr Empire
0
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Posted - 2016.04.13 00:57:02 -
[7] - Quote
Cista2 wrote:Serena Darknight wrote:Can I have one example of a 'mid-velocity, mid-margin item'? Honestly, I have no clue what that even means and what would make an item 'lucrative'... Well let's say you have 50 mil, you could trade ammunition, or modules that are worth less than 1 million each. You can look at for example laser crystals, and some T2 modules that are not too expensive. What is meant with "mid-velocity" is that the item trades for e.g. several billion overall each day, but not more than that or you will have too much competition from some very stubborn traders. What is meant by "mid-margin" is that when an item does not have too much volume, you can find a difference in buy price and sell price of maybe 20%. That would mean that for each module costing 1 million isk you can make 200K profit. Thank you for this information. I did a bunch of mining the last couple of days and I am just shy of 24m isk in the wallet. I am thinking of taking 10m of it and putting it into the market and see how I do and keep the other 14m+ in reserve in case it doesn't work.
And as for contract hauling, the Sigil only holds around 2000 m3 of cargo space and not much of a tank to speak of, so I am hesitant in using it to do any sort of hauling at this point. I have been looking at Eve Central and seeing the trade hauling feature to see if anything good can be hauled for a nice profit. I just feel I need to find a station to work out of and start from there. |
Makeleth Riatu Solette
I Want ISK Corp
25
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Posted - 2016.04.13 02:00:12 -
[8] - Quote
Serena, I know you don't want a hand-out, but if you ever need a loan as you get bigger in market trading, drop me a mail and I will be happy to assist :)
Need a loan? Look at my thread!
Mail me if you'd like some marketing advice or advice in general
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Serena Darknight
Hedion University Amarr Empire
0
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Posted - 2016.04.13 04:50:44 -
[9] - Quote
Makeleth Riatu Solette wrote:Serena, I know you don't want a hand-out, but if you ever need a loan as you get bigger in market trading, drop me a mail and I will be happy to assist :) I appreciate the offer. This market things is complicated when you are unsure of what you are doing.
Update: Decided to do a Dodixie-Hek route to see how well it goes. I know it wasn't going to make much but wanted to start off small and see what I could do. I ended up going back and forth hauling a few items including: Neural Network Analyzer, Antibiotics, Central System Controller, X5 Enduring Stasis Webifiers, 250mm 'Scout' Accelerator Cannon, Mjolnir Heavy Assault Missile, and Caldari Navy Antimatter Charge M.
Profits made:
Neural Network Analyzer (20) - 519,926.80 isk profit Antibiotics (20967) - 371,107.99 isk profit Central System Controller (7) - 206,843 isk profit X5 Enduring Stasis Webifier (330) - 793,939.24 isk profit 250mm 'Scout' Accelerator Cannon (3) - 68,082 isk profit Caldari Navy Antimatter Charge M (15000) - in process
Losses made:
Mjolnir Heavy Assault Missile (30000) - 2,994,667.92 isk LOSS
I learned a lot in that Mjolnir haul where I lost almost 3m isk. Did not realize that Eve Central Trade Tool doesn't show the buyer's price only. I was supposed to sell the missiles on the market instead of to a buyer. Lesson learned. Down just over a million isk doing this run this day. Now I know better and got the CN ammo in market to sell and doing well so far and I should make about 900,000 isk on that if it sells at the price I got it at now. |
Tam Arai
Garoun Investment Bank Gallente Federation
74
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Posted - 2016.04.14 03:49:19 -
[10] - Quote
Remember to always use buy orders to get your stock and sell orders for selling unless you are desperate for cash |
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Cista2
Caldari Provisions Caldari State
225
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Posted - 2016.04.14 04:42:21 -
[11] - Quote
Or unless you see a very good deal between two markets.
Speaking of incredible deals, be aware of the margin trading scam. That is, a person can trick you into buying something somewhere, because you think you can sell it elsewhere. When you arrive to sell it, it turns out that the buy order is void, because his wallet is empty. When something looks too good to be true, it usually is not true.
If the great opportunity is announced in local chat, it is *always* a scam. When you see one announced, study it and learn.
My channel: "Signatures"
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Recommended: "The Biomass Bar" (for corpse selling)
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Serena Darknight
Hedion University Amarr Empire
1
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Posted - 2016.04.16 08:49:36 -
[12] - Quote
My friend who brought me back into the game suggested that I start a corporation and have people invest in it through the shares provided. I am hesitant since I am not sure how this works, since a few questions come to mind. Having investors inject some capital and then paying them off does sound interesting.
1. He told me that you keep the majority of the shares to maintain control of the corporation. He suggested to raise the number of shares from the base of 1000 to 10000 and keep at least 5500 of those shares, and basically sell the other 4500 shares as capital to get my market business going. But I am unsure how to sell them and what to sell them for.
2. What type of percentage do I pay out to the 'investors' and how often?
3. With the proceeds of the 5500 shares, I assume that is re-invested into the corporation. Is there a formula that keeps track of this so I am not shortchanging either my 'investors' or myself? I want to be clear and transparent, but make it known that I am new at this and it might not be profitable, especially in the beginning.
4. Reading some of these forums for Market Discussions, I see a lot to where people ask for money for loans, which I do not want. I don't feel I am in any position to make a profit since I am learning, but the idea is interesting as some passive income to reach out and invest in others. But who can you trust? How do you keep them from running off with your isk without collateral?
5. I have an idea of a location I would like to base myself out of. I do not want to do the 0.01 isk dance of boredom so being in a major trade hub is not a viable option. I don't mind doing some small hauling to get around.
I still haven't decided if I want to move into this direction since starting a corporation would make it so I could have a wardec brought against me and I don't have the skills, or means to fight back. But having something of my own that can support my identity is intriguing. Would love to hear what you think... |
Collector Kat
Ctrl Sec
0
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Posted - 2016.04.16 09:34:29 -
[13] - Quote
Serena Darknight wrote:My friend who brought me back into the game suggested that I start a corporation and have people invest in it through the shares provided. I am hesitant since I am not sure how this works, since a few questions come to mind. Having investors inject some capital and then paying them off does sound interesting.
1. He told me that you keep the majority of the shares to maintain control of the corporation. He suggested to raise the number of shares from the base of 1000 to 10000 and keep at least 5500 of those shares, and basically sell the other 4500 shares as capital to get my market business going. But I am unsure how to sell them and what to sell them for.
2. What type of percentage do I pay out to the 'investors' and how often?
3. With the proceeds of the 5500 shares, I assume that is re-invested into the corporation. Is there a formula that keeps track of this so I am not shortchanging either my 'investors' or myself? I want to be clear and transparent, but make it known that I am new at this and it might not be profitable, especially in the beginning.
4. Reading some of these forums for Market Discussions, I see a lot to where people ask for money for loans, which I do not want. I don't feel I am in any position to make a profit since I am learning, but the idea is interesting as some passive income to reach out and invest in others. But who can you trust? How do you keep them from running off with your isk without collateral?
5. I have an idea of a location I would like to base myself out of. I do not want to do the 0.01 isk dance of boredom so being in a major trade hub is not a viable option. I don't mind doing some small hauling to get around.
I still haven't decided if I want to move into this direction since starting a corporation would make it so I could have a wardec brought against me and I don't have the skills, or means to fight back. But having something of my own that can support my identity is intriguing. Would love to hear what you think...
it will fail try making it on your own for starts then if you do find a clever tactic thats tried and tested then maybe find some friends to invest, Then maybe just maybe try a Ipo but shares via in game always fail |
Thermal Damage
Black Rebel Rifter Club The Devil's Tattoo
159
|
Posted - 2016.04.16 12:22:58 -
[14] - Quote
How often and for how long do you log into eve? This will play a big part in what sorts of items you should be looking to trade.
You do not want to enter into a highly competitive market unless you are able to update your orders frequently. I don't get to play for long periods of time, and to be quite honest I wouldn't want to sit there babysitting orders, even if I could.
If you are more casual like me, set up orders for more slow moving, less competitive stock. Most of my stock is bought while I am AFK in work ;)
I was found guilty of Nitshe by the CoCaP
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Cista2
Caldari Provisions Caldari State
225
|
Posted - 2016.04.16 13:59:53 -
[15] - Quote
Serena Darknight wrote:My friend who brought me back into the game suggested that I start a corporation and have people invest in it through the shares provided. I am hesitant since I am not sure how this works, since a few questions come to mind. Having investors inject some capital and then paying them off does sound interesting.
1. He told me that you keep the majority of the shares to maintain control of the corporation. He suggested to raise the number of shares from the base of 1000 to 10000 and keep at least 5500 of those shares, and basically sell the other 4500 shares as capital to get my market business going. But I am unsure how to sell them and what to sell them for.
2. What type of percentage do I pay out to the 'investors' and how often?
3. With the proceeds of the 5500 shares, I assume that is re-invested into the corporation. Is there a formula that keeps track of this so I am not shortchanging either my 'investors' or myself? I want to be clear and transparent, but make it known that I am new at this and it might not be profitable, especially in the beginning.
4. Reading some of these forums for Market Discussions, I see a lot to where people ask for money for loans, which I do not want. I don't feel I am in any position to make a profit since I am learning, but the idea is interesting as some passive income to reach out and invest in others. But who can you trust? How do you keep them from running off with your isk without collateral?
5. I have an idea of a location I would like to base myself out of. I do not want to do the 0.01 isk dance of boredom so being in a major trade hub is not a viable option. I don't mind doing some small hauling to get around.
I still haven't decided if I want to move into this direction since starting a corporation would make it so I could have a wardec brought against me and I don't have the skills, or means to fight back. But having something of my own that can support my identity is intriguing. Would love to hear what you think... It is fruitless to think along those line until you are an experienced player.
My channel: "Signatures"
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Recommended: "The Biomass Bar" (for corpse selling)
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Rhivre
TarNec Invisible Exchequer
875
|
Posted - 2016.04.16 16:59:04 -
[16] - Quote
https://youtu.be/9ipRjmNJeXI Market screen tutorial, its very basic, but, it has some handy stuff in there.
sound starts about 2 minutes in
Fluffy Bunny Pic!
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Fat Buddah
Federal Navy Academy Gallente Federation
24
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Posted - 2016.04.19 08:01:39 -
[17] - Quote
Consider placing ranged buy orders. Those generally compete at prices well below hub station buy prices.
Ideally you would buy stuff cheap some jumps away from the hub, move them to, and list them for sale at the hub station. However, if you are tight in wallet and need a fast cash flow you can always dump your stuff onto the top hub local buy order and still make profits. Don't worry about stuff being bought in low-sec stations. Sooner or later somebody is going to 0.01 isk your buy order. Then you dump your low-sec stuff on him.
That's how I started...it got me enough money to buy my first raven, which then was sold at a great profit using then popular CNR scam. |
Big Lynx
5769
|
Posted - 2016.04.19 13:12:20 -
[18] - Quote
Most important thing before you start to trade seriously and with bigger amounts/margins:
+ All relevant trade skills to V + Max as possible standings to relevant factions and Corporations (that is more important than ever with upcoming tax increase, otherwise you will lose billions)
and the most precious tip: buy low, sell high |
Rhivre
TarNec Invisible Exchequer
875
|
Posted - 2016.04.19 13:19:39 -
[19] - Quote
Big Lynx wrote:Most important thing before you start to trade seriously and with bigger amounts/margins:
+ All relevant trade skills to V + Max as possible standings to relevant factions and Corporations (that is more important than ever with upcoming tax increase, otherwise you will lose billions)
and the most precious tip: buy low, sell high
Actually, the upcoming changes mean standings are slightly less of an issue than they are now
http://dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-2016-04-09.png
You dont need all trade skills to V.
Slots are primarily something you need when starting out, especially if station trading, but later you dont need them so much. If you are doing regional trading you might need 305 orders, but I never have.
You should have broker relations and accounting to V, the rest are less needed
Fluffy Bunny Pic!
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Thermal Damage
Black Rebel Rifter Club The Devil's Tattoo
172
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Posted - 2016.04.19 15:26:59 -
[20] - Quote
He did say 'relevant'
I was found guilty of Nitshe by the CoCaP
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Serena Darknight
Hedion University Amarr Empire
3
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Posted - 2016.04.20 07:03:27 -
[21] - Quote
Well, here is an update on how I have been doing so far:
I decided to try trading in Lonetrek. I set up shop in Sobaseki and started buying and selling T1 shield extenders (and T2 when I could afford it). From there, two of the three career agent stations for Caldari are 4 jumps away and the third one is 8 jumps. I set my buy orders at career station + 2 jumps and Sobaseki was 5 jump buy orders.
After the first day, I realized that the 5 jump buy orders around Sobaseki was a mistake. I had one and two shield extenders littered all over the place and it took almost an hour optimizing routes just to pick up all of the items (and the Sigil has 3 Hyperspatials on it doing 7 AU/s). Twice, I had to venture into lowsec to get the goods, but I have a decent Magnate that can handle that. Couple of days ago, I dropped Sobaseki range to two jumps since I realized that was overlapping with Akiainavas and Jouvelen and the buy orders there. I just set up Uitra yesterday so not much from there yet.
As of now, I have:
Assets: 5.3m isk (my couple of ships mostly) Wallet: 18.8m isk (was 9.2m yesterday) Buy Orders: 19m isk Sell Orders: 11.3m isk Total Net Worth: 54.4m isk
I am planning on doing mining and Level 1 missions to suppliment my income. I have a mining ship but going to take a few million and invest in a frigate combat ship for mission running. I have decided that in the next day or two I will create my own solo corporation but will not take investors until I have a better understanding of what I am doing. |
Thermal Damage
Black Rebel Rifter Club The Devil's Tattoo
179
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Posted - 2016.04.20 10:43:11 -
[22] - Quote
I'll double your net worth if you want. Pay it back if/when you want to.
Just continue blogging your progress in return.
I was found guilty of Nitshe by the CoCaP
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Serena Darknight
Hedion University Amarr Empire
3
|
Posted - 2016.04.20 11:35:32 -
[23] - Quote
Thermal Damage wrote:I'll double your net worth if you want. Pay it back if/when you want to.
Just continue blogging your progress in return. I will continue to show my progress so I can get feedback. I am doing good so far but I do believe that I need to branch out and probably go into The Forge in the next week or two when I get more capital. I am still not sure what else to start buying/selling when I get to that point.
But so far I am having so much fun. |
Rhivre
TarNec Invisible Exchequer
875
|
Posted - 2016.04.20 11:46:10 -
[24] - Quote
Around your level of isk, if you are doing station trading (especially in a hub), I usually use T2 modules, but, also look at items that you yourself fit on your ships, even if that ship is a T1 frigate :)
Fluffy Bunny Pic!
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Serena Darknight
Hedion University Amarr Empire
3
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Posted - 2016.04.20 11:56:38 -
[25] - Quote
Rhivre wrote:Around your level of isk, if you are doing station trading (especially in a hub), I usually use T2 modules, but, also look at items that you yourself fit on your ships, even if that ship is a T1 frigate :) I am purposefully avoiding major hubs due to the fierce competition and do not wish to do the 0.01 isk dance. Like I said, I have been dealing with mostly T1 and some T2 shield extenders but might move into missile launchers and hybrid guns too, then towards frigates and destroyers.
If that doesn't work, then I might have to head to Jita but really would like to avoid that if I can. Hope you understand... |
Thermal Damage
Black Rebel Rifter Club The Devil's Tattoo
179
|
Posted - 2016.04.20 12:03:35 -
[26] - Quote
I only trade in Dodixie, purely because it is far less competitive than Jita. Maybe try setting up there?
I was found guilty of Nitshe by the CoCaP
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Serena Darknight
Hedion University Amarr Empire
3
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Posted - 2016.04.20 19:19:48 -
[27] - Quote
Thermal Damage wrote:I only trade in Dodixie, purely because it is far less competitive than Jita. Maybe try setting up there? I will give this area a week and see how I do. If I don't like the results, I might take your advice. |
Bumblefck
Kerensky Initiatives
11740
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Posted - 2016.04.20 19:57:10 -
[28] - Quote
Serena Darknight wrote:Thermal Damage wrote:I only trade in Dodixie, purely because it is far less competitive than Jita. Maybe try setting up there? I will give this area a week and see how I do. If I don't like the results, I might take your advice.
Try Osmon and Apanake too - busy mission hubs, very laid-back marketeering to be found and only a few diehard 0.01iskers. Pretty good margins too (never underestimate the natural propensity to laziness in the average EVE player!)
Got a HoleySheet1 corpse? I'll buy it for 200m!
Bumble's Space Log
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Serena Darknight
Hedion University Amarr Empire
3
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Posted - 2016.04.21 06:49:05 -
[29] - Quote
Bumblefck wrote:Serena Darknight wrote:Thermal Damage wrote:I only trade in Dodixie, purely because it is far less competitive than Jita. Maybe try setting up there? I will give this area a week and see how I do. If I don't like the results, I might take your advice. Try Osmon and Apanake too - busy mission hubs, very laid-back marketeering to be found and only a few diehard 0.01iskers. Pretty good margins too (never underestimate the natural propensity to laziness in the average EVE player!) No matter what anyone else says, you are good man. I logged on to see that hardly any of my buy orders took and apparently I didn't have enough isk to cover my buy orders, even though it deducted the isk from my account when I put the buy order in.
Not sure I understand that part, but will go visit these two areas and check it out. Thanks. |
Pookoko
Sigma Sagittarii Inc.
154
|
Posted - 2016.04.22 01:38:00 -
[30] - Quote
Serena Darknight wrote:Bumblefck wrote:Serena Darknight wrote:Thermal Damage wrote:I only trade in Dodixie, purely because it is far less competitive than Jita. Maybe try setting up there? I will give this area a week and see how I do. If I don't like the results, I might take your advice. Try Osmon and Apanake too - busy mission hubs, very laid-back marketeering to be found and only a few diehard 0.01iskers. Pretty good margins too (never underestimate the natural propensity to laziness in the average EVE player!) No matter what anyone else says, you are good man. I logged on to see that hardly any of my buy orders took and apparently I didn't have enough isk to cover my buy orders, even though it deducted the isk from my account when I put the buy order in. Not sure I understand that part, but will go visit these two areas and check it out. Thanks.
It sounds like you have margin trading skill trained, which is a very good skill to have, but somehow you are not familiar with the mechanics.
You can do searches on margin trading skill information to find out more, but here's the basics
1. You place a buy order worth 10 mil
2. Your margin trading skill is at 1, which means for every buy order you place, only 75% of the order value will be taken off your wallet and put into escrow
3. There are two scenarios o how this works
A. 1 buy order for 1 unit of item at 10mil buy price
B. 1 buy order for 100 units of a single item at 100,000 ISK buy price per unit
> In both cases, 7.5mil ISK will be deducted from your wallet upon the placement of each buy order
4. What happens when you do not have enough ISK to cover the actual transaction when someone sells to you?
Let's assume you placed above buy orders and after that have 0.00 isk in your wallet.
For the case A, your buy order will simply be cancelled. The seller's item will return to his own hangar, with no cost incurred. Your buy order will disappear and the 7.5mil you put down in escrow will return to your wallet.
For the case B, if someone tries to sell you 100 units of this item, transaction will complete for 75 items, which equates to 7.5 mil ISK, which is 100% covered by the ISK you put into escrow when you placed your buy order. For the other 25 units, you do not have enough ISK to cover, so the transaction will not complete. So the followings results will happen
> If the seller tried to sell using 'immediate' sell option, then 25 units will return to his hangar
> If the seller tried to sell using 1 day ~ 3 months sell period, 75 units will be sold to you immediately and a new sell order will be created for the remaining 25 units on the market with the period defined by the seller.
** In both cases, your buy order will disappear after this **
5. When you think about it the above way, you can understand why margin trading scam buy orders have minimum quantity set. This will be always set to the amount where the whole transaction will be cancelled, instead of getting partially filled.
I hope I'm not wrong about the mechanics, but if anybody finds I said something incorrect, please do point out.
o/ |
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