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Lanissum
Paxton Industries
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Posted - 2011.06.30 22:04:00 -
[1]
Seriously,
I only recently started station trading, and I've managed to pull in 13m starting from 5m (seed money) in about 4 days... it may not seem impressive but if I can keep that up it will sure add up...
Just recently I nabbed 2 hurricanes for 16m apiece.. I think I will never buy anything I need upfront again lol.
A few observations about (high sec) trading:
It seems to me like I need to train up margin trading to IV or even V if I want to be able to nab a gazillion things to sell.
It seems silly to me that the guy who is selling 1000 items will try to undercut my 5 item order, especially as I always increase my price by a decent amount.
In the future it might make sense to train accounting etc, but right now the taxes aren't a big deal for the volume I'm trading.
It seems to me that high volume goods are difficult to get a good portion of, whereas the high margin goods are too expensive for me to trade right now (really need to get margin trading).
I noticed that every Monday the activity on a lot of stuff goes down, may seem obvious but I thought that was cool.
Margin trading seems almost OP, being able to only spend 44% or so up front.. anything else like margin trading I should know about?
I have several hundred mil on my (non station trading main), do you think it would be smart/dumb if I invested 100m in my trader and tried finding some low-volume/high margin goods I could potentially corner (robotics, frigates [with margin trading, it might be worth it to corner some t1 ships], some t2 modules).
I've mostly been checking out modules, ships, drones, and some pos fuels; do you think I might be missing out on some potentially lucrative categories of trading [though I'll understand if no one answers this question]?
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Kei Darker
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Posted - 2011.06.30 22:07:00 -
[2]
Edited by: Kei Darker on 30/06/2011 22:08:09
I'd stay out of ships.
I'm in ships.
Edit: You'll also want accounting V for sure. and margin trading V. and broker relations V.
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Lanissum
Paxton Industries
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Posted - 2011.06.30 22:19:00 -
[3]
Any particular reason why? Besides that it's an obvious market and the profit margins for produces are fairly set?
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Dethmourne Silvermane
Gallente
Saiph Industries
SRS.
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Posted - 2011.06.30 22:22:00 -
[4]
Be aware that you still have to pay the full price when somebody actually tries to sell you something - margin trading doesn't change that, it only affects how much you have to provide in escrow (effectively, your buy order ISK is held by an NPC third party, and transferred to the seller when they transfer you the goods).
In other words, when you buy a 16m cane and you have 8m in escrow, you still need the other 8m in your wallet.
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Lanissum
Paxton Industries
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Posted - 2011.06.30 22:31:00 -
[5]
True, but it does allow me to have more buy order waiting to be filled. The real question is if I can sell enough stuff to cover my buy orders as they get filled...
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Liberty Eternal
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Posted - 2011.06.30 22:50:00 -
[6]
 Originally by: Dethmourne Silvermane
In other words, when you buy a 16m cane and you have 8m in escrow, you still need the other 8m in your wallet.
True, but only if he is putting all his isk into a single item which is unlikely for a trader.
And @OP - welcome! Always nice to see enlightenment reaching a new mind 
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Jerry Pepridge
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Posted - 2011.06.30 22:59:00 -
[7]
isk sent
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Salene Gralois
K-2
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Posted - 2011.06.30 23:06:00 -
[8]
Originally by: Lanissum
Just recently I nabbed 2 hurricanes for 16m apiece.. I think I will never buy anything I need upfront again lol.
Welcome to the club.
Originally by: Lanissum
It seems silly to me that the guy who is selling 1000 items will try to undercut my 5 item order, especially as I always increase my price by a decent amount.
It depends. Most often it's silly. But in some occasions you'll not be the only 5 item order below him. Yours may sell and get replaced by a new 5-item order,
and again, and again. Some traders actually work that way. Another case is where that seller produces such a volume that he needs to move it all, as quick as possible.
Originally by: Lanissum
I noticed that every Monday the activity on a lot of stuff goes down, may seem obvious but I thought that was cool.
Speaking for myself, monday is a great day. Big volume sales, i guess it's traders restocking for wherever they trade as their tradestock depletes during weekend-sales or pvp-ops.
Originally by: Lanissum
I have several hundred mil on my (non station trading main), do you think it would be smart/dumb if I invested 100m in my trader and tried finding some low-volume/high margin goods I could potentially corner (robotics, frigates [with margin trading, it might be worth it to corner some t1 ships], some t2 modules).
Depends on where you trade and on the minimum spread you consider worth your time. Personally i'd stay away from t1 frigs. In the t2 arena you'll have competition from bpo producers, inventors and interregional traders. Regardless of that, idle isk is dead isk.
Originally by: Lanissum
I've mostly been checking out modules, ships, drones, and some pos fuels; do you think I might be missing out on some potentially lucrative categories of trading [though I'll understand if no one answers this question]?
Yes 
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Kei Darker
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Posted - 2011.06.30 23:13:00 -
[9]
Originally by: Lanissum
Any particular reason why? Besides that it's an obvious market and the profit margins for produces are fairly set?
I'm recommending that you stay out of ships because it's in my best interest that you stay out of ships.
I suppose a more constructive bit of advice is to beware of advice when asking your competitors how to best compete.^
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Aiden Legendre
The Feynman Syndicate
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Posted - 2011.07.01 13:56:00 -
[10]
100% agree. I'd been playing for two years before I started trading, and then made over 1B in the first month of trading. A little irked by how much isk I missed out on, but oh well. Welcome aboard.
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Zagam
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Posted - 2011.07.01 13:57:00 -
[11]
Station trading is a very easy way to make ISK with a minimum amount of time investment. I started a few weeks ago with 500M in seed money and an alt only partially trained in trading. Right now, I'm pushing 700M between by buy orders, sell orders, and wallet. (with my wallet being by far the smallest)
Some tips:
1. Look for stuff that moves high volume.
2. Look for stuff with a sizable difference between buy orders and sell orders.
3. Don't be afraid to play the "penny game" (undercutting by one penny), or Market PvP (running someone out of the market)
4. The best items to specialize in are those that move volume, but don't have a lot of competition
5. Don't forget to reprice your sell orders periodically (I usually reprice mine on Monday nights, for example).
6. Watch trends, and get out of selling items when the price crashes.. place a big buy order then and wait for the upswing.
7. Be careful with whom you engage in Market PvP with... Some people have much more resources than you do. (I've learned this one from personal experience)
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flakeys
The Great cornholio's
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Posted - 2011.07.01 14:22:00 -
[12]
Originally by: Aiden Legendre
100% agree. I'd been playing for two years before I started trading, and then made over 1B in the first month of trading. A little irked by how much isk I missed out on, but oh well. Welcome aboard.
Same here , think i was playing four years or so with empty wallet mostly before i discovered trade and investments took me another year to discover ... mostly because the market discussion was hidden on the forums.
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