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Draal Loxin
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Posted - 2010.01.07 12:14:00 -
[1]
Hi ppl, i decided to try my hand at trading so 7 hours ago i bought up 251 units of Small T2 Rails 280,110.93ISK and took them into Galente space to sell at a price of 530,000ISK, this will bring profit of 249.889.07ISK, which undercuts all the sell orders in the area by 3k. Thing is when i woke up is was straight on eve to check how much i had made, to my horror i had only shifted 5 units making 1.2mill in 7 hours!  So do you think 5 units (all to the same customer) in 7 hours is a fail trade attempt or should i give it more time?
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ingenting
20th Legion
Sodalitas XX
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Posted - 2010.01.07 12:22:00 -
[2]
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Louis deGuerre
Gallente
VA Holding
Void Alliance
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Posted - 2010.01.07 12:23:00 -
[3]
If the rails you bought weren't 125mm they'll be very slow selling. Check market history for trade volume.
Sol: A microwarp drive? In a battleship? Are you insane? They arenĘt built for this!
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Ikserak tai
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Posted - 2010.01.07 16:01:00 -
[4]
You found a single customer that needed the rails to outfit a ship. At the selling price, that will be your typical buyer. Anyone who wants a large quantity of T2 railguns will take a trip to Jita, as you did.
Trading is a long-term endeavor at times, so just keep your price the lowest in the station and eventually you'll sell off your inventory. You might also check the market table screen to see how much sales volume your item is generating. It could be that it is indeed a slow mover.
You might consider moving them to a higher volume market (or multiple markets), but the margin will inevitably be lower. Always check out the sales volume and average price in your region before investing heavily in a particular item. Where you've got them now the sell price is high for a reason, probably due to scarcity and low volume.
YOU'VE NEVER ROCKED 'TIL YOU'VE UNDOCKED. |
Kiyirari
All Star Shipyards
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Posted - 2010.01.07 16:57:00 -
[5]
Welcome to market pvp, where whos online longest sells more via .1 margin
Nothing wrong with your method, you just need to keep a tab on things as their are more than likely several to a couple of dozern noobs competing on the same item. This may mean checking your price every 5 to 10 minutes/alter at peak online times in major hubs to remain competive, well to make ya sale at least... ya get the drift off things.
When you get more isk, its advisable to expand your sale line e.g you could any one time sell between 20 to 30 different items between 100 to 500k units. Some are high demand, shifts in volume others low demand, filtering off to the back burner items taking up to 2 weeks to clear stock. Ya see with more items for sale, the more likely ya make a sale  thats the theory, the more you compete the less profit you make  as ya under cutting the next person. This can have a long effect on the market lowering profit on said item for a few weeks while others compete on that item, this is why you need more than one line for sale 
It possible to lower to price on item X so much, that you can buy up and sell for profit in another region or even weeks later on the same market hub, once prices have risen. Now thats all a differnet ball game something ya have to learn the hard way & through experience.
Revenge is my god and my guns are her angels |
Jovialmadness
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Posted - 2010.01.07 17:06:00 -
[6]
In summation...you must stay glued to your computer and do market battle making sure your sale price is best. There are fellars playing this game that are at work bored or in their moms basement that literally watch the markets...all markets...like a hawk. |
Tau Cabalander
Caldari
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Posted - 2010.01.07 23:18:00 -
[7]
Trading is not only about pricing but also about transaction volumes.
Example: If there is a sell order for 10,000 items on the market 0.01 ISK below your's, it may not be a problem if the trade volume is 10 billion units a day. If the trade volume is 1,000 units per day, you may want to consider undercutting.
I sell some items that trade at a low volume in Jita, and the 0.01 ISK wars are murder meaning I end-up moving very little. However when I move those goods to secondary trade hubs, not just one but a couple (I love my Crane blockade runner), even though the secondary hub trade volume is lower I don't have to worry about 0.01 ISK wars, and I can move more items overall.
I also trade some items that are very high volume in Jita. The 0.01 ISK war still happen, but because the volume on these items is so high, it really doesn't have that much of an effect. My items still sell in a few hours.
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Millimage
Minmatar
Republic Military School
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Posted - 2010.01.08 19:00:00 -
[8]
Just a guess, but were you hauling 150mm Railgun II's from Jita to Essence, maybe Oursulaert?
If so you'll take some time to sell that stack as the whole region sells just a few of those items a day according to my statistics from past few days. Your five a day seems plenty of action for this particular items.
Might I suggest you take some to other systems for sale, maybe Villore and Arnon as both seem to move a few 150mm rails.
If I got the wrong item, sorry for taking your time.
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Vaerah Vahrokha
Minmatar
Brutor tribe
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Posted - 2010.01.08 19:14:00 -
[9]
How does this belong to this forum?
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Auditing and consulting
Before asking for investors, please read
http://tinyurl.com/n5ys4h and
http://tinyurl.com/lrg4oz
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Millimage
Minmatar
Republic Military School
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Posted - 2010.01.08 19:29:00 -
[10]
 Originally by: Vaerah Vahrokha
How does this belong to this forum?
Oh, quite true. Didn't notice which forum this was in. This should be posted in MD.
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CCP Ildoge
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Posted - 2010.01.09 09:02:00 -
[11]
* Moved from science and industry - CCP Ildoge
Ildoge
Community Representative
CCP Hf
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