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Mike Uiltra
Kossori
0
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Posted - 2016.12.28 07:13:13 -
[1] - Quote
I hope this thread has not been made many times but I have a quick question for you veterans with the market. I started doing some station trading in Jita and put up a buy order for 10 drakes. Within about 5 hours or so the order was filled and I put them up as a sell order. I did all the calculation so and with my limited skills the margin was about 31 mill. The only problem was when I did all the calculations to determine profit, the broker fees (sell order plus buy order fees) added with the sales tax also equated to about 31 mill. I think in the end I only came out with making 100k ISK. The profit margin appeared very large but with the fees it really did not end up making it worth the effort.
The question is, do I just need to really get the appropriate skills up and standings with Caldari Navy to make a profit station trading, do I need a much larger margin? Am I missing something?
Any input will be greatly appreciated!
Thank you! Mike |
Saveritas
Fusion Enterprises Ltd Badfellas Inc.
3
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Posted - 2016.12.28 08:51:24 -
[2] - Quote
Start out with larger margins while training skills like broker relations and the such.
There are actually really great tools out there that can help you determine the best items to trade, things like EVE IPH (ISK Per Hour), EveHQ (I think?) and others. They also calculate your margins including the broker fees. |
Do Little
Virgin Plc Evictus.
670
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Posted - 2016.12.28 09:38:50 -
[3] - Quote
If you are a trader, you will need the Accounting and Broker Relations skills at level 5. This will reduce your tax to 1% and your broker fee to 2.5%. Standing can potentially reduce the broker fee to 2% but that's a long grind.
If you are trading in Jita, place your buy orders at a Citadel in Perimeter with a 1 jump range. You should be able to find a significantly lower broker fee. The order will usually be filled in Jita 4-4 but there is a chance you will need to move the product.
As a low volume trader, you will probably want a 20% spread to make it worth your time but, Eve is a game - as long as you are having fun, you're doing it right. |
Mike Uiltra
Kossori
0
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Posted - 2016.12.29 04:09:07 -
[4] - Quote
Thank you for your comments that helps a lot! |
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