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CakeNotALie
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Posted - 2010.12.09 14:29:00 -
[1]
So I decided to give myself a try in trading since I never really dived into it and figured I could make a few isk off it. So for weeks I started watching the Market between Jita and the other main hubs. Slowly watching for items that weren't ever put up for sale in the other hubs. I found about 10 different items that hadn't been touched for weeks or even months for that matter. Maybe just 1 or 2 sells in the past few weeks and rarely anything on listing. I go out, buy a few thins to Jita, and then transport and sell in a different hub at a bit more cost than Jita but not much.
I figure, ohh these will probably sell in a few weeks or so and we'll go from there. Right? Boy was I wrong. Within 24 hours, not 1 or 2 but all 10 items I had put up now had competing orders. Not just like 1 or 2 others putting up orders but dozens on just a single item. An items that haven't seen any sell orders really in weeks all of a sudden have 12-32 items up for sale.
Now the question I have is, how is this possible? I don't use filters so I know I see everything. I watched the market each day for the 10 items for two weeks and no one's selling and it's not like items appear out of no where. So how do people know where market changes happen? Figuring it may be a fluke I did the same thing for some backup items and started selling those. Sure enough within 24 hours I had a bunch of competing orders against mine.
So is there some sort of program that can watch the market for you to notify if items start selling that never have? I'm really curious of how this is possible.
Thx in advance to all responses :)
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Punker Adagear
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Posted - 2010.12.09 15:07:00 -
[2]
The market game is one of the most isk rich platforms in the game.
There are so many people out there that do it and keep checks on thier sell orders everday.
So if they have some stock which hasnt been put up on the market because there is no competition then they may decided to put it up and undercut the person that has "seen a gap" in the market.
After that its the "undercutting" game
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Possible Northwest UK meet
Take a butchers and show some interest, |
gfldex
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Posted - 2010.12.09 16:58:00 -
[3]
 Originally by: CakeNotALie
So is there some sort of program that can watch the market for you to notify if items start selling that never have?
ofc
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CakeNotALie
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Posted - 2010.12.09 17:34:00 -
[4]
Originally by: gfldex
Originally by: CakeNotALie
So is there some sort of program that can watch the market for you to notify if items start selling that never have?
ofc
lol wow. Sure hope that's fake but with all the bot programs I've heard of I wouldn't be surprised.
Bah the whole thing just makes trading depressing.
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gfldex
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Posted - 2010.12.09 17:41:00 -
[5]
Originally by: CakeNotALie
lol wow. Sure hope that's fake but with all the bot programs I've heard of I wouldn't be surprised.
That one seams not to be in the wild. Given the pressure it would put on Jita, CCP would step up fairly quickly. There are other little helpers that are not detectable and I therefore wont link to them.
Trading needs a good bit of luck, btw.
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CakeNotALie
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Posted - 2010.12.09 19:31:00 -
[6]
Originally by: gfldex
Originally by: CakeNotALie
lol wow. Sure hope that's fake but with all the bot programs I've heard of I wouldn't be surprised.
That one seams not to be in the wild. Given the pressure it would put on Jita, CCP would step up fairly quickly. There are other little helpers that are not detectable and I therefore wont link to them.
Trading needs a good bit of luck, btw.
Yeah it seems like trading and manufacturing need some luck. Creating the right item at the right time. I've heard of people make big isk off trading but I barely see how lol. Even when I take away taxes and put the best ME on a BPO it seems like people are able to manufacture lower than mineral prices and make a huge profit.
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Chainsaw Plankton
IDLE GUNS
IDLE EMPIRE
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Posted - 2010.12.09 19:56:00 -
[7]
Originally by: CakeNotALie
Originally by: gfldex
Originally by: CakeNotALie
lol wow. Sure hope that's fake but with all the bot programs I've heard of I wouldn't be surprised.
That one seams not to be in the wild. Given the pressure it would put on Jita, CCP would step up fairly quickly. There are other little helpers that are not detectable and I therefore wont link to them.
Trading needs a good bit of luck, btw.
Yeah it seems like trading and manufacturing need some luck. Creating the right item at the right time. I've heard of people make big isk off trading but I barely see how lol. Even when I take away taxes and put the best ME on a BPO it seems like people are able to manufacture lower than mineral prices and make a huge profit.
I wouldn't really call manufacturing trading (it pretty much is, but w/e) just to be a bit more distinct.
a lot of t1 loot came from missions before the big loot nerf, there are still a bunch of t1 items that come from missions but it isn't anywhere near as much as it was.
also there are people that just semi afk hulks all day and build stuff then just sell it at lowest price. even if they could have just sold the minerals for more.
most of the trading I do, is just putting up by orders in jita, then selling the item in jita. don't make huge isk on any one item, but you make up for it in volume.
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Tau Cabalander
Caldari
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Posted - 2010.12.09 21:10:00 -
[8]
Manufacturing is tougher than trading, since you have to follow multiple items on the market (the materials and final product), and the success of all of that hinges on the sale of the final product.
I like manufacturing because of the complexity. I'm forever trying to build a better mousetrap, cheaper, and sell it for more than it cost me to build it.
After a lot of market research, I recently gambled on manufacturing an item. I bought an expensive BPO, researched it, then bought a ton of materials and started manufacturing. My first mistake was quickly evident: I hadn't taken production time into consideration. Although I didn't lose my shirt (I'll actually earn about 21%), the pay back period will be many months. Much too long. Lesson learned.
As to the OP, I think the first mistake was not dealing in something that was either high volume and low price volatility, or low volume and high price volatility. If the price of something can vary by 1 ISK or a million ISK without it affecting the market volume, you can really make a fortune... or lose one.
You might want to look at meta item trading to start. As they are not manufactured, they tend to be more predictable.
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