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AiVy Ngo
Intergalactic Better Business Corporation
2
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Posted - 2012.12.14 17:59:00 -
[1] - Quote
Recently, there was a post about how much isk can be made in a day. I've read comments that people are making as high as 1 bil a day by trading. With that said, anyone cares to share some tips on what to trade? Cause i have been doing it all wrong.
After years of consistent LVL4 grinding and other PVE activities, i was able to save up to 14bil, trained all available trading skills, and attempted Jita station trading various modules and ships. My profit is no where close to 50 mil a day....no where near that 1bil possibility.
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Ruvin
42
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Posted - 2012.12.14 18:09:00 -
[2] - Quote
AiVy Ngo wrote:Recently, there was a post about how much isk can be made in a day. I've read comments that people are making as high as 1 bil a day by trading. With that said, anyone cares to share some tips on what to trade? Cause i have been doing it all wrong.
After years of consistent LVL4 grinding and other PVE activities, i was able to save up to 14bil, trained all available trading skills, and attempted Jita station trading various modules and ships. My profit is no where close to 50 mil a day....no where near that 1bil possibility.
1 bil a day i think that would be when some changes hit , like old ore ships change or current new destroyers they were selling for what 40 30 millions each first day ? Or something similar , i find making 1 bil a day with normal market flow kinda hard aswell unless its baby sitting 300+ orders all day .
How much of that 14 bil you invested in buy orders? Station trading is simple as it can be , buy orders vs sell orders , on items which sell a lot and have highest difference between buying and selling , there isnt much more atleast as far as i know , but a bit of hauling from here and there can raise profits by a lot ... but that indeed isnt station trading anymore .
And btw since last year there is LOT and i mean a LOT more competition tbh Opportunities multiply as they are seized. |
shar'ra matcevsovski
white knightess
183
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Posted - 2012.12.14 18:17:00 -
[3] - Quote
AiVy Ngo wrote:Recently, there was a post about how much isk can be made in a day. I've read comments that people are making as high as 1 bil a day by trading. With that said, anyone cares to share some tips on what to trade? Cause i have been doing it all wrong.
After years of consistent LVL4 grinding and other PVE activities, i was able to save up to 14bil, trained all available trading skills, and attempted Jita station trading various modules and ships. My profit is no where close to 50 mil a day....no where near that 1bil possibility.
it is possible to make that much regulary (wich is not once per patch) depending how much isk u invest and effort oyu want to put in, but let me tell you that a lot of people say they make that much just to be special...I-¦d say 99% of the station traders make a lot less.
but if I would start with trading today, I would not choose jita to beginn with... Boost T2 BPO`s! |
Ruvin
42
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Posted - 2012.12.14 18:22:00 -
[4] - Quote
shar'ra matcevsovski wrote:AiVy Ngo wrote:Recently, there was a post about how much isk can be made in a day. I've read comments that people are making as high as 1 bil a day by trading. With that said, anyone cares to share some tips on what to trade? Cause i have been doing it all wrong.
After years of consistent LVL4 grinding and other PVE activities, i was able to save up to 14bil, trained all available trading skills, and attempted Jita station trading various modules and ships. My profit is no where close to 50 mil a day....no where near that 1bil possibility.
it is possible to make that much regulary (wich is not once per patch) depending how much isk u invest and effort oyu want to put in, but let me tell you that a lot of people say they make that much just to be special...I-¦d say 99% of the station traders make a lot less. but if I would start with trading today, I would not choose jita to beginn with...
Well i agree with you , but the easiest way would be due to some sort of speculation Also the guy who said he made 4.2 in a day he also said clearly he usually makes 150 a day which is "more normal" or usual .
Opportunities multiply as they are seized. |
Lady Spank
Genos Occidere HYDRA RELOADED
2991
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Posted - 2012.12.14 18:40:00 -
[5] - Quote
I would tell you, but that would cut into my profit margin by increasing competition. The information is also far more valuable than the 1b isk you would be making each day and I doubt you could afford it.
The only advice I will give is to read about commodities trading in real life and apply that to the in-game market. Think smart and use the tools available to you to determine what will be shifting in demand. If that fails, learn to create a demand yourself. (a¦á_a¦â) ~ (my spaceblog) http://getoutnastyface.blogspot.co.uk/~ (a¦á_a¦â) |
Bugsy VanHalen
Society of lost Souls
299
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Posted - 2012.12.14 18:50:00 -
[6] - Quote
A lot of players say stay away from Jita. Bit Jita is the one Place you CAN make over 1 bil a day station trading. But it is a hard market to break into, and takes a lot more work than station trading in other hubs.
The easiest way to make isk station trading is to work the spread between buy orders and sell orders. There are other ways but if you are new this is a good way to get your feet wet. The key is not to look for items with a large spread but items with high volume traded per day. The hard part is playing the 0.01 isk games well to keeping your own buy/sell orders competitive.
What you do is find items commonly sold by others in the market hub you choose to play. This can be anything from ore or minerals sold in bulk by miners to random modules sold by mission runners. The idea here is not big profit per unit but an item that moves massive amounts of units. Say tritanium for example. you set up several large buy orders at competitive prices. Any tritanium you buy here you flip to a sell order at a couple percent profit. 1% of 1 billion is 10 million while 10% of 500 million is only 5 million. Lower margins on higher volumes will make you far more in the long run.
The idea is miners will come to the hub to off load their minerals or even raw ore and sell the the highest buy order, rather than post a sell order and wait for their money. Most miners just click sell and do not even check the price to see how it compares. They automatically sell to the highest buy order what ever that may be, with a little luck and patience it will be yours.
Like wise many manufactures will go to a trade hub to buy their minerals in bulk. they buy from the cheapest sell order that has enough volume to bother clicking on. very small stacks often get overlooked. If you are buying tritanium at say 5.8isk/unit and selling at say 6.2 isk/unit you are making 0.4 isk per unit, not much to look at, especially once you figure in tax and broker fee's. But if you move enough volume it can turn into massive isk. Consider that a single battleship can take over 10 mil tritanium, it should be very easy to sell 1 billion units a day. thats 400 mil profit minus tax and broker fee's. do you think it would be possible to sell 1000 battleships worth of tritanium in a day? Sure, it is possible in a place like Jita, if you play the market right and keep your orders on top. That would be 4 billion profit if you could. So 1 billion isk a day would only require 250 battleships worth of tritanium sold at .4 isk/unit profit. There are far more than 250 battleships sold in Jita each day. So that volume would certainly be possible. Although a more reasonable goal would be a few hundred million isk per day. But if you have the capital to play with multiple different items, then 1 billion isk/day should be a very obtainable goal even for a fairly new trader.
Keep in mind this is a lot easier said than done. Trade hubs, especially Jita are very competitive. You will spend a lot of time playing 0.01 isk games, but if you are persistent, and smart about it, you CAN make loads of isk. Provided you have enough capital to break into the markets you are looking at. |
Jeronica
Immortalis Inc. Shadow Cartel
113
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Posted - 2012.12.14 19:56:00 -
[7] - Quote
Bugsy VanHalen wrote:1% of 1 billion is 10 million while 10% of 500 million is only 5 million. Lower margins on higher volumes will make you far more in the long run.
I'd like to point out that 10% of 500mil is 50mil. ;)
But I do agree, low price variance on high volume items do pay off as much as low volume high price variance. In the end, it's the amount of isk invested, and the profit percentage you make from it. Looking at daily volume of trading is also useful when setting up orders. Having 50% of your isk tied up in inventory not selling is just as bad as not investing it. Just try to look at market trends, and try to ride the market.
Good luck! EVE-Mogul: https://www.eve-mogul.com CEO/Programmer Trade Profit Tracking Service |
Bugsy VanHalen
Society of lost Souls
299
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Posted - 2012.12.14 20:15:00 -
[8] - Quote
Jeronica wrote:Bugsy VanHalen wrote:1% of 1 billion is 10 million while 10% of 500 million is only 5 million. Lower margins on higher volumes will make you far more in the long run.
I'd like to point out that 10% of 500mil is 50mil. ;) But I do agree, low price variance on high volume items do pay off as much as low volume high price variance. In the end, it's the amount of isk invested, and the profit percentage you make from it. Looking at daily volume of trading is also useful when setting up orders. Having 50% of your isk tied up in inventory not selling is just as bad as not investing it. Just try to look at market trends, and try to ride the market. Good luck! nice catch. My bad, typo fixed.
Was supposed to be 10% of 50 million.
But as you say, the basis is still there. It is also far easier to find a item that moves in high volume with a 1% margin than it is the find an item that move decent volume at 10%. the 10% lower volume goods might be better for newer traders that do not have the capital to float the high volumes. But I have found anything over 5% profit margin attracts way to much attention. |
Malivain
EVE University Ivy League
0
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Posted - 2012.12.15 01:28:00 -
[9] - Quote
I agree with the suggestions in posts above. I personally look for items with high volumes that trade fast with a profit margin between 5-15%. If you're just doing straight station trading, with no alliance-level market manipulations or anything, then diversifying your market portfolio over high velocity items will work out quite well. As an extreme example, I would rather invest in 10 items at 1.0 ISK that provide a profit of 5% once per hour, over 10 items at 1.0 ISK with a profit of 50% once per day. Also, learn when to give up on an item that has had a dropoff in its trade velocity.
Jita is really hard to get into, as others have said; it requires a bit more planning and time spent modifying orders. Amarr, Dodixie, Rens, etc. are much less taxing on your time, albeit your ISK earning potential isn't technically as high as Jita. Earning billions per day might be possible with more than 3 market characters, but then you'd probably be spending a lot more time playing than most traders. I started out earning about 15-30m per day with ~3b invested, with about 30 minutes per day time investment (15 min twice a day). After a few months, I'm earning about 70-100m per day. My strategy hasn't really changed, although now I do more price manipulation to ensure larger margins. |
Fractal Muse
Dead's Prostitutes Test Friends Please Ignore
76
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Posted - 2012.12.15 14:48:00 -
[10] - Quote
Also remember that people like to exaggerate.
If someone made 1 billion ISK station trading once then that's what they do all the time.
If someone made 100 million station trading once then, of course, they -can- make 1 billion ISK if they -wanted- to so they'll use that number.
The numbers that people post are usually grossly exaggerated and very inaccurate.
If you've ever met a sales person who works on commission and ask them how much they make they'll tell you their best week's numbers and then try to claim that is what they make all the time - it isn't.
While there may be some people who make a billion ISK / day station trading they are few and far between. Nor does that reveal how long they are active for (if they are active for 23 hours in that day then they are making ~43.5 million ISK per hour.
If you are station trading for one hour and getting ~43.5 million ISK then you are on pace for a billion in a day.
All that is to say: Take the numbers that people post with a healthy dose of skepticism.
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Toku Jiang
Jiang Laboratories and Discovery
20
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Posted - 2012.12.17 16:18:00 -
[11] - Quote
I would shoot for a lower number than 1 billion isk per day to make in profit for your expected average. I can easily make 4-5% profit per day on my investment when I sit down and do station trading. So if you invest 10 billion in buy orders in a day, you should be able to walk away with 400-500 million on the average, of course that is not to say you will sell all of your buy order purchases off in a single day. I would say some days will be better some will be worse, just depends on how the market rolls, but I would not expect to make 1 billion every day unless you are investing huge amounts of isk in buy orders. |
Brandon Syne
Science and Trade Institute Caldari State
0
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Posted - 2012.12.17 18:28:00 -
[12] - Quote
Don't think of it as isk per day - work out how much time you spend at making orders etc etc and then work out ISK/hour. It's a much better metric. I'd rather make 1 billion isk a day with 10 minutes work, than 10 billion isk a day with 10 hours work. |
The Fukuzawa
New Eden Trade Group
1
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Posted - 2012.12.17 21:19:00 -
[13] - Quote
Brandon Syne wrote:Don't think of it as isk per day - work out how much time you spend at making orders etc etc and then work out ISK/hour. It's a much better metric. I'd rather make 1 billion isk a day with 10 minutes work, than 10 billion isk a day with 10 hours work.
There are two ways to measure success in the trade game in my opinion. 1, Isk made to one hour of work ratio. 2, Appreciation of value of inventory. |
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