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Nihn Lemai
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Posted - 2009.08.21 16:37:00 -
[1]
I havent really looked into the system in detail yet. Only to about the depth that the wiki provided. But I havent really needed to, I made money from my trading so all was well and good. But I wanted to expand my trading area now, and I went to a station to setup buy orders and realized that I hadnt grinded missions there to get good standings.
Assuming the broker fee is 0.83% and the transaction tax is 0.6%, buying an item for 1000 isk and relisting it at 1430 isk would make me break (exactly) even, correct? This is assuming that I dont modify the order, just letting it hang there.
Is the above statement correct? I havent missed any hidden fees or costs?
Seems to me that I must make a pretty big markup to earn anything here. Would you consider these numbers bad? Should I train more trading skills or (sigh) grind some missions to improve the standings before I make any serious attempt at trading here?
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GX307
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Posted - 2009.08.21 17:07:00 -
[2]
Edited by: GX307 on 21/08/2009 17:07:43 I think you missed a decimal place.
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Magnu Stormhawk
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Posted - 2009.08.21 17:10:00 -
[3]
I dont know how you reach that answer.
The minimum broker fee is 100 ISK so in your example you would have 100 for buying, 100 for selling, and 0.6 % for tax (being 9 ISK), so your profit would be (1430-1000-100-100-9)=221 ISK.
Ignoring the minimum broker fee, your profit is much higher: (1430-1000-8-12-9)=401, and this is more relevant as you wont be trading in single units and single orders with items that sell for 1430 ISK.
Unless you are trading huge volumes, training further wont add that much to your margin. But it doesnt take much to get accounting and broker relations to 4 at least. I havent got any faction discounts at the hubs i trade in (its on my to do list) so i cant comment on the effects of that aspect.
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Nihn Lemai
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Posted - 2009.08.21 19:50:00 -
[4]
Oh, right, yeah I forgot there was a minimum amount on the brokers fee. Usually dont trade in orders small enough for it to have any effect.
And the math was all wrong to begin with when I reread it now, missed a comma both once and twice i think. >.< This was my line of thought:
Buy low, through buy order, (price + brokers fee + transaction tax): 10 000 + 0.83% + 0.6% 10 000 + 83 + 60 = 10 143
Sell high, through sell order, (price + brokers fee + transaction tax): 11 000 - 0.83% - 0.6% 11 000 - 91.3 - 66 = 10 842.7
Profit = sell-buy = 10842.7-10143 = 699.7
Second times the charm?
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Aria Gallaine
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Posted - 2009.08.21 20:19:00 -
[5]
You only pay transaction tax when selling.
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