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BroShark
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Posted - 2011.04.12 15:40:00 -
[1]
Hi there, I just got back into station trading in Jita 4-4 with this char. I started out with about 3.3bil Sunday morning. Now I'm up to about 3.8bil (including wallet, assets, sell orders, money in escrow). Now my question is: Is it possible to earn like 1bil per 24 hours? If yes, how hard is it? How often do you have to update your orders and how many buy and sell orders do you have? I can have 103 orders at the moment, my Broker Fee is 0.79% and my transaction taxes are 0.6%. Should I bother running those pesky low level missions for Caldari Navy to bump my standings? I'm not asking you what items I'm supposed to trade, I'm just interested in how hard that is. It's something like my personal goal.
Also post your average weekly income if you don't mind.
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xsolarisx
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Posted - 2011.04.12 16:21:00 -
[2]
How ironic, I've just started playing again about a month ago, and I'm in the same position as you and working with the same amount of capital. However I do not just work out of 1 station. I've been looking into new alternate ways of making more isk but it looks like there isn't a lot of margin between items. And I don't think people are gonna buy that many or high volume in 1 day to make that kind of money. You could always buy a high volume of something in hope that it will go up in time but that's pretty risky. Am at the point of that the more orders you have the more people will buy from you. I think ill set up a lot of buy orders at decent prices, wait for them to get fulfilled then sell them for more.
Sometimes its all trial and error. Let me know what you think.
Also people don't like talking a whole lot about station trading on here. Idk why.
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Shar Tegral
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Posted - 2011.04.12 16:30:00 -
[3]
Wealth, howsoever got, in Eve makes
Lords of morons and gentlemen of thieves;
Aptitude and intellect are needless here;
'Tis impudence and money that grants fame. |
xsolarisx
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Posted - 2011.04.12 16:45:00 -
[4]
Hehe
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Tutskii
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Posted - 2011.04.12 17:58:00 -
[5]
Posting to confirm that sticking your head in jello and yelling is the secret of success.
I find lemon works best, but the returns on strawberry and peach aren't too bad especially if you put bits of fruit in it.
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BroShark
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Posted - 2011.04.12 17:58:00 -
[6]
Yeah, I, too think that more orders mean a higher turnover of your ISK and therefore more profit. I'm currently thinking about buying a JF for my Alt once I got some buffer (~20bil, I hope that I can actually earn that much ISK in a reasonable time) so I can export some ships and modules to nullsec (where my main resides) and import stuff like minerals and faction/deadspace loot/moongoo and associated prodcuts.
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Rule18
Capsuleer Races And Violent Events Inc.
Taurus Quantum Dynamics
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Posted - 2011.04.12 18:44:00 -
[7]
If you refuse to leave station another option is to begin regional trading. Similar principals to those of station trading and (usually) lower maintenance. I have roughly 5B in assets and I make a good 50-150M just updating those regional orders once every day or two.
-----Signature-----
CRAVE, taking you beyond the capsule.
"If it can be named, it can be hated." -Rule18 |
Netherkaiser
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Posted - 2011.04.12 19:23:00 -
[8]
Probably possible if you spend the day updating orders from time to time, but you'd need about 8 billions in ISK to invest in my opinion.
So, keep up the good work, and once you're at 20 billions, one billion a day should become easier.
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Asymoney
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Posted - 2011.04.13 07:45:00 -
[9]
possible, but difficult and time-consuming...
asy
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Gillaboo
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Posted - 2011.04.13 11:14:00 -
[10]
Billion per day? Sure, with a wallet of approximately 20-25 billion. The key is volume and turnover, which will necessarily limit you to only two or three stations in all of New Eden.
You might also find yourself increasingly attached to your monitor. "Enslaved" is likely more accurate, if you like self-flagellation.
The only way to reduce that is to have an even bigger bankroll and cover more commodities that require only daily market order adjustment. Thirty to forty minutes per day, rather than hours.
Unless you're one of those people who can play from work, with EVE in the background, then go nuts ;)
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Eu Daimon
Gallente
Merchants of the Golden Goose
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Posted - 2011.04.13 11:21:00 -
[11]
And Jita might not be the best place to start, there is a lot of competition.
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BroShark
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Posted - 2011.04.13 11:52:00 -
[12]
 Originally by: Gillaboo
Unless you're one of those people who can play from work, with EVE in the background, then go nuts ;)
I'm a student, **** classes, aquire ISK? 
Originally by: Eu Daimon
And Jita might not be the best place to start, there is a lot of competition.
I have time and Jita has the highest volume of all trade hubs, so i guess it is. Sure, the margin isn't as high but I'm certain the volume will make up for it. If I'm wrong, you're welcome to correct me.
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Eu Daimon
Gallente
Merchants of the Golden Goose
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Posted - 2011.04.13 12:00:00 -
[13]
Edited by: Eu Daimon on 13/04/2011 12:00:54
I cannot say.
What I can say, is, that I made more money leaving :D
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Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2011.04.13 12:02:00 -
[14]
Keep sweating 14 hours a day grinding at ever thinning margins guys.
Your injections of liquidity are welcome and appreciated by the others.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Eu Daimon
Gallente
Merchants of the Golden Goose
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Posted - 2011.04.13 12:15:00 -
[15]
Edited by: Eu Daimon on 13/04/2011 12:17:31
Originally by: Vaerah Vahrokha
Keep sweating 14 hours a day grinding at ever thinning margins guys.
Your injections of liquidity are welcome and appreciated by the others.
Well that is indeed one way to look at it.
But let me share a different point of view:
I started playing eve not long ago, had an even longer hiatus and is not even close to the amount of sums normally discussed in here.
What I did do was running missions and when starting from scratch making a few million is a tough job. Indeed my missioning got better but by investing in station trading it gets even better yet.
I know that for most of you we are talking pennies, but for new players it most definately is not. I have in three days tripled my assets by station trading. And the trading works fine with three - four checks a day, a bit more during "prime-time" but as I am doing missions there anyway it doesn't really matter.
Best of it is, you can start making lots of money on station trading with no more skills than a few days training.
What I am trying to say, is, that a bit of station trading is a great way for new players to support their starting capital.
(I know join big corp, learn secret bla bla... part of the fun is learning and discovering it yourself!)
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Syds Sinclair
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Posted - 2011.04.13 12:38:00 -
[16]
..Station trading is very easy. Find an item that moves for good profit. Update buy and sell orders. Profit.
And as for whether or not mor orders equals more profit, well elementary my dear Internet space buck trader! Think about it, the more orders you have the more opportunity you get for making profit. Why? Well....
0 orders = no chance to make profit.
1 order = chance to make profit.
2 orders = chance to make profit x 2.
And so on.
The only thing limiting your success is your willingness to make your eyes bleed from staring at the Market tab and updating orders.
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Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2011.04.13 15:51:00 -
[17]
Originally by: Syds Sinclair
..Station trading is very easy. Find an item that moves for good profit. Update buy and sell orders. Profit.
And as for whether or not mor orders equals more profit, well elementary my dear Internet space buck trader! Think about it, the more orders you have the more opportunity you get for making profit. Why? Well....
0 orders = no chance to make profit.
1 order = chance to make profit.
2 orders = chance to make profit x 2.
And so on.
The only thing limiting your success is your willingness to make your eyes bleed from staring at the Market tab and updating orders.
That's my point or, at least, my idea.
I am going to sell today 1 item stock for about 250M profit. I worked about 5 minutes in total on it, I am not even bothering creating a sell order because of how unbearably lazy I am.
How many chances of burnout do I have vs the guys posting in this thread?
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Netheranthem
Eve Engineering Finance
Eve Engineering
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Posted - 2011.04.13 16:10:00 -
[18]
Originally by: Vaerah Vahrokha
Keep sweating 14 hours a day grinding at ever thinning margins guys.
Your injections of liquidity are welcome and appreciated by the others.
Thinning?
If I told you 5% on 60B volume, what would you say?
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Atima
Minmatar
House of Marbles
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Posted - 2011.04.13 16:11:00 -
[19]
Originally by: Netheranthem
Originally by: Vaerah Vahrokha
Keep sweating 14 hours a day grinding at ever thinning margins guys.
Your injections of liquidity are welcome and appreciated by the others.
Thinning?
If I told you 5% on 60B volume, what would you say?
I'd probably ask you for a timeframe.
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Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2011.04.13 20:52:00 -
[20]
Originally by: Netheranthem
Originally by: Vaerah Vahrokha
Keep sweating 14 hours a day grinding at ever thinning margins guys.
Your injections of liquidity are welcome and appreciated by the others.
Thinning?
If I told you 5% on 60B volume, what would you say?
Are you flipping PLEXes? It's a task I'd want to be well paid in RL to do.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
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