Ji Sama
Caldari
Tash-Murkon Prime Industries
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Posted - 2009.04.28 14:46:00 -
[1]
 Originally by: Fzhal
Now just to clarify I'm not here to beg for people to tell me how to trade or give me uber tips on trading. I'm just here to report my progress and thoughts after a week of "attempted" trading. As always criticism, both constructive and otherwise, is always welcome.
So this character is many years old and still hadn't started trading. Well now I'm interested in learning and here are my thoughts and lessons.
First of all the trade hubs scare me. I have 6,400 in trade skills and think with those skills Jita would eat me alive. Am I wrong?
So I have started at a mission hub. I did some research and found a few meta 4's that were being bought for less than half what they sell for. In addition there are few orders in total. I had about 600 mil sitting around doing nothing so I decided to jump in with 100 mil, nothing I'd miss. I outbid the current orders by 10%. In addition I wanted to test the waters so I only put buy orders for 5 units each. This turned out to be smart I think. Only 3 orders of the 11 I put up have completed. And that is only because I knew it would only take a few hours due to high volume in the mission hub.
Here is what happened to the other orders. Within a day the buy orders exploded on the other items. What was once 2 buy orders exploded into 6-12 buy orders. At first look I was daunted. Why all of a sudden did lots of people home in on what I had found? So I let my orders sit there and decided I'd come back the next day. In that time I realised something. Maybe I was still dealing with 2 buyers? I took a look back at the amount of units being bought in each order and they were between 1-5. So. . . Someone must be trying to scare me out of the market. . . At least that is what I think.
I am not sure but I have the fear that the other buyer or buyers might raise the prices to the fact that no one can make any money. This hasn't happened but I think it might.
What can I do in this situation? I'm not giving up, that is for sure.
On a positive note the orders that did complete before anyone could react I doubled or tripled my money. However in such small quantities I only made like 10 mil ISK an hour for my time invested. As a veteran mission runner it isn't that much.
I know I am going to figure it out eventually, because I'm not giving up, but I am just sharing my experience with the MD community.
you should look for niches.. what could be sold at a hub but arent, or is currently not under heavy competetion.
moreover you should get out of the meta 4 market, its a hard market to compete in... imo.
you are doing well, research your hubs, what are they used for? miners, missioners? traders etc.
and try to look for good deals in the trading channels in eve.!
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