Toobo
Project Fruit House Solyaris Chtonium
412
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Posted - 2017.01.11 09:13:30 -
[1] - Quote
My take on PLEX trading is that yes, it can be done, but the returns are not that great per PLEX, and you really need big-ish capital to flip them in any significant quantity. Sure, you can trade PLEX on a few billion ISK budget, if you flip them fast enough, but personally I don't feel that PLEX is a good item for day trading. There are other items, such as modules, faction ammos, drones, etc, that can swing in much bigger percentage, or that you can use just a few bil ISK to artificially manipulate for short period of time. Unless you have massive ISK reserve you will not be having much influence on the PLEX market in Jita, you are just riding ups and downs and making a single digit percentage profit here and there (and it's even more brutal now after the broker fee changes - of course there are Perimeter citadels but you know what's been happening to those lately :p)
If I had a few billion ISK to trade, I'd rather trade high volumes of cheaper items, ranging from a few mil. ISK to few tens of million ISK per item. I will use a specific example here as it is no longer a secret to anyone, but look at Elite Drone AI for example. Today IIRC the buy price was around 6.6m and the sell price around 7.3m. And you could buy & sell hundreds of those per day. Also there are many PI items that have generally consistent margins of 5~15% ish, and they trade pretty fast as well, trading in thousands/tens of thousands per day.
I'm not saying PLEX trading is bad, not at all, because I know some people make huge ISK from PLEX trading. But personally I think the risk is too big and the margin is too thin considering how much ISK you need to commit to make it a viable trade option.
Just my 2 cents. :p
(Hi James XD)
Cheers Love! The cavalry's here!
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Toobo
Project Fruit House Solyaris Chtonium
413
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Posted - 2017.01.12 00:22:40 -
[2] - Quote
One possibility to consider is, when the margin is so thin for PLEX (the gap beween buy/sell orders), sometimes it makes sense to sell 'immediate' to the highest buy order, which avoids all broker fees and only leaves you with tax to pay.
With my bad standing with Caldari, I often find that this is the case, at least for me. Whatever 'mark up' I can do from the highest buy price in Jita is just not worth it to setup a standing sell order. I trade PLEX in more long term cycles so selling to high buy order works ok for me.
Cheers Love! The cavalry's here!
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