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Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Samroski
Games Inc. EVE Trade Consortium
46
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Posted - 2012.03.20 21:12:00 -
[1] - Quote
Thou shalt not reveal thy trade secrets. |
Dirk Decibel
Pator Tech School Minmatar Republic
16
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Posted - 2012.03.20 21:23:00 -
[2] - Quote
Buy low, sell high. There, I ruined trading for everyone! |
Jake Andarius
Andarius Trading Corp.
13
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Posted - 2012.03.20 21:30:00 -
[3] - Quote
I wish it were "Do not ruin the margins" instead. >_< Andarius Trading Corp. |
TornSoul
BIG Gentlemen's Agreement
67
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Posted - 2012.03.20 22:03:00 -
[4] - Quote
I've heard of self fulfilling prophecies.
The opposite of that would have to be what the OP just managed to do |
Darth Tickles
Northstar Cabal Fatal Ascension
100
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Posted - 2012.03.20 22:08:00 -
[5] - Quote
Don't eat the yellow snow. |
Dennmoth Ferdier
Adeptus Assassinorum The Dominion Empire
1
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Posted - 2012.03.20 22:23:00 -
[6] - Quote
"Buy waffels." |
enterprisePSI
82
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Posted - 2012.03.20 22:35:00 -
[7] - Quote
do not put "100 * items" buy order Put "50 * item " order twice ;) The tears of the many, outweight the tears of the few. Or the one.
-«enterprise-psi |
Temporary Amnesia
Republic Military School Minmatar Republic
0
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Posted - 2012.03.21 00:12:00 -
[8] - Quote
enterprisePSI wrote:do not put "100 * items" buy order Put "50 * item " order twice ;) shush your ruining it |
enterprisePSI
82
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Posted - 2012.03.21 06:43:00 -
[9] - Quote
I am surprised someone understood what i wrote. The tears of the many, outweight the tears of the few. Or the one.
-«enterprise-psi |
Wyke Mossari
Staner Industries
170
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Posted - 2012.03.21 07:37:00 -
[10] - Quote
Samroski wrote:Thou shalt not reveal thy trade secrets.
Unless, you have a trade secret that trumps it. |
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Scott Ryder
Sexual Assault
0
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Posted - 2012.03.21 13:20:00 -
[11] - Quote
Jake Andarius wrote:I wish it were "Do not ruin the margins" instead. >_<
I find pleasure in ruining margins |
Darth Tickles
Northstar Cabal Fatal Ascension
101
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Posted - 2012.03.21 13:43:00 -
[12] - Quote
Don't get high on your own supply. |
Solstice Project
I'm So Meta Even This Acronym
1437
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Posted - 2012.03.21 16:05:00 -
[13] - Quote
enterprisePSI wrote:do not put "100 * items" buy order Put "50 * item " order twice ;) Wow, i understood that. O_O
Scott Ryder wrote:Jake Andarius wrote:I wish it were "Do not ruin the margins" instead. >_< I find pleasure in ruining margins *lol* same for me.
Hm, let's see if i have one to add ...
Reprocessing V Refinery Efficiency V Scrapmetal processing V, if it's worth your time.
There's a bit more to tell, but i'll leave that as an exercise. Probably not every kind of trader will see a need for these.
For those who wonder: It's really is directly connected to trading for me. BuzzWords: Margin, Mineral Prices, Push competitor off the market.
Wow, i had something (well, imho at least) valuable to contribute ! :D Inappropriate signature removed. Spitfire |
VaMei
Meafi Corp
102
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Posted - 2012.03.21 18:49:00 -
[14] - Quote
Samroski wrote:Thou shalt not reveal thy trade secrets.
... unless you can profit from having others choose to do grunt work you didn't want to deal with from the start. |
Tekota
The Freighter Factory
201
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Posted - 2012.03.21 19:25:00 -
[15] - Quote
Multiply everything by 1.03
Whilst my personal costs are about 1.15% at present I figure factoring a 3% break-even gives enough wiggle room for competition/minor shifts/alien invasion etc.
So take a product, multiply price by 1.03, if you can sell for more than that figure: buy it. |
clamslayer
Aliastra Gallente Federation
24
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Posted - 2012.03.21 21:45:00 -
[16] - Quote
Samroski wrote:Thou shalt not reveal thy trade secrets.
if only every trader followed this unwritten rule, we would all have more isk, and have spent less time earning it. |
Nerath Naaris
Pink Winged Unicorns for Peace Love and Anarchy
86
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Posted - 2012.03.21 22:50:00 -
[17] - Quote
Actually, it-¦s much more simple: "You have to enjoy playing the market."
There! If you do, everything will eventually come in time, if you don-¦t, you will fail. Unbanned since 2011.10.20. |
DoraTheExplora Taft
The Management.
9
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Posted - 2012.03.21 23:42:00 -
[18] - Quote
Jake Andarius wrote:I wish it were "Do not ruin the margins" instead. >_< HA yes this. especially when it seems like it takes more keystrokes than just .01 isking |
DoraTheExplora Taft
The Management.
9
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Posted - 2012.03.21 23:43:00 -
[19] - Quote
Tekota wrote:Multiply everything by 1.03
Whilst my personal costs are about 1.15% at present I figure factoring a 3% break-even gives enough wiggle room for competition/minor shifts/alien invasion etc.
So take a product, multiply price by 1.03, if you can sell for more than that figure: buy it. how does this factor in brokers fees and taxes? I think those are going to add another 2.5 percent on top; so would the rule be 1.055 then? |
DoraTheExplora Taft
The Management.
9
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Posted - 2012.03.21 23:49:00 -
[20] - Quote
Solstice Project wrote:enterprisePSI wrote:do not put "100 * items" buy order Put "50 * item " order twice ;) Wow, i understood that. O_O Scott Ryder wrote:Jake Andarius wrote:I wish it were "Do not ruin the margins" instead. >_< I find pleasure in ruining margins *lol* same for me. Hm, let's see if i have one to add ... Reprocessing V Refinery Efficiency V Scrapmetal processing V, if it's worth your time. There's a bit more to tell, but i'll leave that as an exercise. Probably not every kind of trader will see a need for these. For those who wonder: It's really is directly connected to trading for me. BuzzWords: Margin, Mineral Prices, Push competitor off the market. Wow, i had something (well, imho at least) valuable to contribute ! :D I was running a reprocessing business for a while. I did a lot of mission running and realized how far the buy prices are from the reprocessing value for crap loot noone wants to buy. I just set up large orders for 45 or so different of these crap products and reprocessed, sold minerals. Some of the margins were really nice. Things like mods that I bought at 1k and could reprocess for 18k. You get volume of several hundred on each item and even if all of them aren't killers you can make good money. The problem I ended up having was it only amounted to maybe 60 mill a day on a good day of constant order tracking so I abandoned the idea.
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Kara Books
Deal with IT.
94
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Posted - 2012.03.22 02:10:00 -
[21] - Quote
Work with other traders for higher margins, "share" |
Tekota
The Freighter Factory
201
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Posted - 2012.03.22 07:32:00 -
[22] - Quote
DoraTheExplora Taft wrote:Tekota wrote:Multiply everything by 1.03 how does this factor in brokers fees and taxes? I think those are going to add another 2.5 percent on top; so would the rule be 1.055 then?
Err, no. 1.03 is exactly to figure in broker fees and taxes. 1% sales tax, 1% buy order broker fee, 1% sell order broker fee. Now, obviously we're not content with those fees so we train accounting, broker relations, and get some standings with the faction of choice to minimise these - in my instance down to 0.5% tax and 0.32% broker fees on buy and sell. But working on a 3% cost of doing business automatically accounts for small variations, competition, the slightly higher sell order broker fee etc. So take a prospective purchase price, multiply by 1.03 - if you anticipate selling at a higher point than the result then buy. |
Samroski
Games Inc. EVE Trade Consortium
46
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Posted - 2012.03.22 08:56:00 -
[23] - Quote
VaMei wrote:Samroski wrote:Thou shalt not reveal thy trade secrets. ... unless you can profit from having others choose to do grunt work you didn't want to deal with from the start. I tried this, pretty successfully. In a strange way, the fact that you can share and still profit, inspired this law :)
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Samroski
Games Inc. EVE Trade Consortium
46
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Posted - 2012.03.22 09:27:00 -
[24] - Quote
Kara Books wrote:Work with other traders for higher margins, "share" That'll be the day Eve ends! The current player base derives significantly more pleasure from tears :)
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