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Motanelul
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Posted - 2010.07.23 06:51:00 -
[1]
So my question is I am picking up trading a little. I have some spare cash to use to start of around 2 billion isk and also have a freighter and transport ship and lvl 4 margin trading skill. I am looking to turn that into 20 or 40 billion in 2 or 3 months. Is this doable or am I starting with too high an amount to get these kind of return %ages?
Any advice is welcome, this is with 4-5 hours of play per day.
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Deus Mallius
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Posted - 2010.07.23 06:54:00 -
[2]
Not being an expert, or been trading for years like some of the MD elite, but I can usually do 15-25% increase in capital per month. I'm not a Jita trader and dont spend hours on end trading so I'm not sure how that will compare with the greater Eden.
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Sebastian Draconis
Draconis Holdings
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Posted - 2010.07.23 07:09:00 -
[3]
no way are you going to see a ten or twentyfold profit in such a short amount of time, especially if you're just starting out.
you'll keep yourself in plexes and make a few billion in that time frame (not to mention learn your way around the market) , but don't expect miracles.
Your signature exceeds the maximum allowed filesize of 24000 bytes -Rauth Kivaro ([email protected])
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Steve Celeste
Overdogs HYDRA RELOADED
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Posted - 2010.07.23 07:14:00 -
[4]
Invest in npc sold PI materials.
...no wait too late for that One image per signature please and limit your signature to the maximum allowed of 400 x 120 pixels with a maximum file size of 24000 bytes. See forum rule number 3 for more information. Zymurgist |
Nefrums
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Posted - 2010.07.23 07:15:00 -
[5]
You can easily make a 10-20 fold profit in that time if you started with 2M, but with 2B you are limited in you profit by market turnaround and the number of order you can have..
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Motanelul
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Posted - 2010.07.23 07:18:00 -
[6]
Hehe already bought 1 bill worth of NPC items prior to them running out. Made 300-500% on that already.
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Slavemaster
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Posted - 2010.07.23 07:41:00 -
[7]
Edited by: Slavemaster on 23/07/2010 07:41:44
Originally by: Motanelul So my question is I am picking up trading a little. I have some spare cash to use to start of around 2 billion isk and also have a freighter and transport ship and lvl 4 margin trading skill. I am looking to turn that into 20 or 40 billion in 2 or 3 months. Is this doable or am I starting with too high an amount to get these kind of return %ages?
Any advice is welcome, this is with 4-5 hours of play per day.
With 2bil (1.5, you have to have 500 in wallet) With MT will give you around 5Bil to trade with. Since you will be trading for 4-5H day you will also have the time to find segments (items) with high profit*But less volume and hassle ^^
- If your plans is to do this is High sec, 100% in a freighter, 99.9 Safe. If you aim for 15% that will give you 75mil per day 75*30 2.2 Bil per Month. That is a realistic goal.
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clixoras
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Posted - 2010.07.23 08:14:00 -
[8]
Originally by: Motanelul So my question is I am picking up trading a little. I have some spare cash to use to start of around 2 billion isk and also have a freighter and transport ship and lvl 4 margin trading skill. I am looking to turn that into 20 or 40 billion in 2 or 3 months. Is this doable or am I starting with too high an amount to get these kind of return %ages?
Any advice is welcome, this is with 4-5 hours of play per day.
Let's see, let's say you park yourself and Jita and 0.01 isk for 4 - 5 hours a day. 100m per hour should be realistic, that's 500m per day, 15B per month. Let's half that for arguments sake and you're still looking at 22.5b in 2 months.
It will be a serious clickfest though and you'll probably burn yourselve out and ragequit. What good does a fat wallet do then i wonder?
My advice, find some comfortable niches and change orders a few times a day. You'll still see a nice profit and you can do other 'stuff'.
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Slavemaster
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Posted - 2010.07.23 08:57:00 -
[9]
Edited by: Slavemaster on 23/07/2010 09:03:04
"100m per hour should be realistic" Are you talking from Experience? Sounds like alot of BS.
First of all day trading at 2% tax (Sell,Buy), without Corp, Faction standing at 9+ in Jita, and the V V skills in trade you can easy lose isk on this... Man, the myths of trade in strong in this thread
- And YES, if you have the Corp/Fac+ skills and 100Bil to semi manipulate the marked, and IF there is a Inflation, you might get close to those numbers.
But. You can easy lose out ISK. WHY? The reason for this is that to get that amount of ISK you have to buy, sell a product, Item that is in High volumes (And believe it or not but deflation has been the story for most of the stuff in of EVE in the last months) - You Don'T get 100M per H, bu selling rare.
- AND, you can easy lose ISK perH... My bet, unless you find a segment without the big transactions, I yes, dare to say to around 50% lose ISK on day trading in Jita...
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israus
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Posted - 2010.07.23 09:06:00 -
[10]
Originally by: Motanelul Hehe already bought 1 bill worth of NPC items prior to them running out. Made 300-500% on that already.
if thats true then why haven't you got 4-5 bil to start with?
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Thoraxe Rig
Gallente
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Posted - 2010.07.23 09:34:00 -
[11]
Originally by: israus
Originally by: Motanelul Hehe already bought 1 bill worth of NPC items prior to them running out. Made 300-500% on that already.
if thats true then why haven't you got 4-5 bil to start with?
He could have bought a crap ton of stuff.
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RAW23
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Posted - 2010.07.23 11:56:00 -
[12]
Edited by: RAW23 on 23/07/2010 12:00:09
2bil ----> 20bil in 2-3 months is certainly possible, especially if you are willing to do inter-regional arbitrage as well as station trading (I assume you are as you list some ships). However, the key question is how much time do you plan on putting in each day? If you want to pursue a low effort/low maintenance strategy then it will probably be quite difficult. If you are planning on putting in 4-6 hours a day, then it will probably be quite easy. It also depends on how many orders you are willing to actively manage in your available time. Basically, it is not so much a question of how many months it will take as of how much time and effort you are able to put in to wringing every possible isklet out of the markets during this time frame.
Edit Sorry. Missed the statement of 4-5 hours a day. This amount of play time is a good start but are you planning to do nothing else but trading, or will trading be a side-project?
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Motanelul
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Posted - 2010.07.23 15:23:00 -
[13]
I have bought some stuff since I made the profit on NPC goods, ships, modules for personal use. I still run PI (10planets) as a main project but I want it to be a side project. I am definitely willing to play the regional markets not just Jita. I know one way to easily make isk is to buy from Jita and fill various buy orders around empire space. As for the freighter, I just don't know when or with what I will use to fill up the whole boat cargo wise.
I guess I am trying to find a general concensus as to how I would go about doing some trading and making a good profit. This is both as a personal goal and so I can be free to afford to fly some more expensive ships down the line. I guess I am trying to find a proper niche or a way to go about starting a niche market.
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Casmy Blue
Gallente Power and Water
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Posted - 2010.07.23 16:01:00 -
[14]
As long as you don't get drawn into clicking market orders and .01 ISKing people for hours, you can turn huge profits on the market.
Most "traders" these days find something that's working for them, so they sit there for 3 hours and babysit the market orders instead of finding something else more profitable to do. If you're trading in items with a high enough volume, they will sell, and the people who are being screwed are the ones thinking, "I HAVE TO GET THE NEXT GUY WHO BUYS ONE OF THESE."
That's basically how you can tell the difference between the guys who are market vets and the ones who see the market and think "WOW I CAN MAKE LOTS OF MONEY HERE". They have a one-dimensional view on profit, and they aren't paying attention to how much they're making per hour.
I'd hazard to bet that the .01 ISK crowd on buy/sell orders are also the ones who think minerals are free if you mined them yourself, and they'd be confused if you asked them what the opportunity cost of their actions was. Don't fall into the lemming trap.
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Terbulus
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Posted - 2010.07.23 18:50:00 -
[15]
confirming that successful trading can be done passively
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Xre Vega
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Posted - 2010.07.23 18:55:00 -
[16]
Quote: the people who are being screwed are the ones thinking, "I HAVE TO GET THE NEXT GUY WHO BUYS ONE OF THESE."
This was me up until a few days ago. Now I am enlightened.
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Vilgan Mazran
Aperture Harmonics K162
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Posted - 2010.07.23 19:08:00 -
[17]
20-40 off of 2-3 bil isn't hard imo, but it might be a noticeable time investment that could be done in less time with a different method. Personally, I'd work on improving your familiarity with how the market moves and focus on making isk with the least effort possible. A lot of people sit there and .01 all day for fairly trivial (imo) returns. Most products cycle about 20% in value, just buy at the bottom of the curve and sell at the top.
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Droxlyn
Caldari
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Posted - 2010.07.23 20:59:00 -
[18]
Find some way to buy from sell orders and sell it as something else to buy orders.
Drox
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Selene D'Celeste
Caldari The D'Celeste Trading Company ISK Six
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Posted - 2010.07.24 00:17:00 -
[19]
Yeah, this isn't impossible, but you will have to work at it, as well as work smarter, not harder. ______________________________
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Motanelul
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Posted - 2010.07.24 03:33:00 -
[20]
Problem is where do I start. With the money available to me and the ships and moving capability I got to figure somewhere to start. There are so many items in game.
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clixoras
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Posted - 2010.07.24 11:16:00 -
[21]
Originally by: Slavemaster Edited by: Slavemaster on 23/07/2010 09:08:18
"100m per hour should be realistic" Are you talking from Experience? Sounds like alot of BS.
Actually, i'm getting around 100m/h but not purely by station trading. If you make less than 100m/h then there is no reason for the OP to station trade at all. There are other activities which make you that much. Hell, you can even just run l4's for 5 hours a day and get 20b in 2 months.
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Nobzy
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Posted - 2010.07.24 12:22:00 -
[22]
Originally by: clixoras
Originally by: Slavemaster Edited by: Slavemaster on 23/07/2010 09:08:18
"100m per hour should be realistic" Are you talking from Experience? Sounds like alot of BS.
Actually, i'm getting around 100m/h but not purely by station trading. If you make less than 100m/h then there is no reason for the OP to station trade at all. There are other activities which make you that much. Hell, you can even just run l4's for 5 hours a day and get 20b in 2 months.
You have never ran missions and are just pulling numbers out of your ass?
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clixoras
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Posted - 2010.07.24 14:11:00 -
[23]
Originally by: Nobzy
Originally by: clixoras
Originally by: Slavemaster Edited by: Slavemaster on 23/07/2010 09:08:18
"100m per hour should be realistic" Are you talking from Experience? Sounds like alot of BS.
Actually, i'm getting around 100m/h but not purely by station trading. If you make less than 100m/h then there is no reason for the OP to station trade at all. There are other activities which make you that much. Hell, you can even just run l4's for 5 hours a day and get 20b in 2 months.
You have never ran missions and are just pulling numbers out of your ass?
50m/h L4 mission running 5h a day = 250m p/day 7.5B a month, 15b in 2 months.
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Motanelul
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Posted - 2010.07.25 04:29:00 -
[24]
Edited by: Motanelul on 25/07/2010 04:30:49 700 jumps later: so far up 700 million since post started on 1 bill invested, can't really find such returns often tho it seems as I close the gaps on some prices.
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