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Raven Woods
Fricken Lazer Beams Inc
Rat Pack Renegades
0
   |
Posted - 2013.01.30 16:01:00 -
[1] - Quote
I somehow failed at this. I invested fairly large amount for my condition to Scorch M for Station-Station trading. My plan was to buy them off Jita for 670k and sell them at 903k at Dodixie but when I bought off from Jita and came to Dodixie the prices were on the floors at 720k,730k and it still was going down. How can I manage such situations and anything I can do to check whether the investment is safe or not except for looking at the volumes? |
Abrazzar
634
|
Posted - 2013.01.30 16:06:00 -
[2] - Quote
Check price history.
Please visit your user settings to re-enable images. |
dexington
24th Imperial Crusade
Amarr Empire
554
|
Posted - 2013.01.30 16:09:00 -
[3] - Quote
If you find a way to make high profit risk free investments, please leave a note in this thread i'll subscribe just in case.
In advance thanks
/dex
GÇ£The best way to keep something bad from happening is to see it ahead of time, and you can't see it if you refuse to face the possibility.GÇ¥ |
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
7107
|
Posted - 2013.01.30 16:12:00 -
[4] - Quote
Abrazzar wrote:Check price history.
They got some fun graphs to study there 
"Little ginger moron" ~David Hasselhoff-á |
Posta Wifda Mosta
Republic Military School
Minmatar Republic
24
|
Posted - 2013.01.30 16:14:00 -
[5] - Quote
Raven Woods wrote:I somehow failed at this. I invested fairly large amount for my condition to Scorch M for Station-Station trading. My plan was to buy them off Jita for 670k and sell them at 903k at Dodixie but when I bought off from Jita and came to Dodixie the prices were on the floors at 720k,730k and it still was going down. How can I manage such situations and anything I can do to check whether the investment is safe or not except for looking at the volumes?
When you are doing inter-station trades I find it is best to put a character at the destination station to monitor pricing in real time. Take into account that you are not the only person looking and doing these deals, if it looks too good to be true then it's probably a scam.
Not to discount your trying to make profit off the market but I find there is no money to be made in ammo unless you manufacture it yourself. The NPC trades are very unreliable for pricing because they fluctuate so rapidly. Without giving away all my secrets, my advice for you is don't pay more then 50% of the worth of anything, then you have a nice profit buffer to play with and you don't get stuck with a cargo bay full of **** you will need to sell at a loss.
When I first started trading I was working all 4 main trade hubs, moving stuff back and forth and after a couple weeks I came to the conclusion very rarely is it worth the time or effort to do it, it totally changed the way I looked at the market and now with very little effort I make billions a month. Now that the profit is rolling in I am reinvesting that profit to obtain more and better traders.
Don't get discouraged, there is BILLIONS in profit to be made on the market my friend. |
Rengerel en Distel
Amarr Science and Industry
1112
|
Posted - 2013.01.30 16:16:00 -
[6] - Quote
Having an alt in the hubs you want to trade between helps. Better to have real time info than to trust 3rd party sites that update hourly/daily.
With the increase in shiptoasting, the Report timer needs to be shortened.
|
Silk daShocka
Greasy Hair Club
302
|
Posted - 2013.01.30 17:55:00 -
[7] - Quote
I can only advise you to not put all your eggs into one basket. Your description of how much you invested is a bit vague, so if this isn't what happened then disregard. |
Miss Aqua
Brutor Tribe
Minmatar Republic
4
|
Posted - 2013.01.30 18:21:00 -
[8] - Quote
My tip: Efficient trading is much more complicated than just buy low sell high and transport from x to y.
If you are really serious about trading I strongly suggest you google some trading guides. Trading may be hard to get into but once you understand its nuances isk will start pouring into your wallet. |
Whitehound
528
|
Posted - 2013.01.30 18:46:00 -
[9] - Quote
You have tried to make ISKs with trading in the most easiest imaginable way - trading between major market hubs. This is something many players already do and in order to compete with them do you need a lot of ISKs, buckets full of it, so that you can work with high volumes and small margins, and you need to be fast.
If you do not qualify for this then start with trading outside the market hubs. The profit there is made with low volumes and good product placement and not with speed and tiny margins. Simply buy stuff at market hubs where it is cheapest and place it for sale at mission running hubs (to sell to mission runners), low-sec entry systems (to sell to PvPers) and region connections (for those who peek into their neighbouring regions).
SCAM CAT - Titan Jump - I was there - Goon Dog |
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
7121
|
Posted - 2013.01.30 19:22:00 -
[10] - Quote
Whitehound wrote:You have tried to make ISKs with trading in the most easiest imaginable way - trading between major market hubs. This is something many players already do and in order to compete with them do you need a lot of ISKs, buckets full of it, so that you can work with high volumes and small margins, and you need to be fast.
If you do not qualify for this then start with trading outside the market hubs. The profit there is made with low volumes and good product placement and not with speed and tiny margins. Simply buy stuff at market hubs where it is cheapest and place it for sale at mission running hubs (to sell to mission runners), low-sec entry systems (to sell to PvPers) and region connections (for those who peek into their neighbouring regions).
Easiest way is to sit in a trade hub and look at the differences between sell orders and buy orders... buy low sell high, never undock.
0 chances of getting ganked unless a Nyx hits the station but what are the odds of that happening?
"Little ginger moron" ~David Hasselhoff-á |
Elvis Fett
Quantum Cats Syndicate
Samurai Pizza Cats
190
|
Posted - 2013.01.30 20:50:00 -
[11] - Quote
1)Find a low-sec hub of activity (FW areas are good places to look, check the market and find the stations that have lots of PvP goods)
2) Put your scorch for sale for 1.2-1.3mil/ea.
3) ??????
4) Profit
|
Ptraci
3 R Corporation
The Irukandji
1207
|
Posted - 2013.01.30 22:10:00 -
[12] - Quote
Raven Woods wrote:I somehow failed at this. I invested fairly large amount for my condition to Scorch M for Station-Station trading. My plan was to buy them off Jita for 670k and sell them at 903k at Dodixie but when I bought off from Jita and came to Dodixie the prices were on the floors at 720k,730k and it still was going down. How can I manage such situations and anything I can do to check whether the investment is safe or not except for looking at the volumes?
Be glad you did this in a game with fake money, rather than on the real market with real money. Stuff like this happens. Either sell and take the loss to get some of your money back, or be patient, eventually the price will go back up. |
Natsett Amuinn
GoonWaffe
Goonswarm Federation
1723
|
Posted - 2013.01.30 22:34:00 -
[13] - Quote
Ammo is risky, the volumes are to high for prices to sit at a stable level. When I see ammo creep up, I assume it's going to drop out very fast, and it always does.
Use the data in price history and find things that are stable for longer than a day.
Pay attention to how much an item sells over a given period and make sure you don't oversupply the market you moved the goods to, or you'll just end up with overstock that can eat into your profits.
Also try to supply smaller hubs. Places where people like to do missions, or where they might come to high from low for personal resuply.
You could also try to encourage people to gank the miners in a particular system, and supply them the ships, mods, and ammo they need at a good price. I've noticed that someo fthe gankers will work in specific areas, and the markets in those areas tend to not have everything they need. |
ACE McFACE
Holy Amarrian Battlemonk
I Whip My Slaves Back and Forth
1105
|
Posted - 2013.01.30 22:45:00 -
[14] - Quote
Elvis Fett wrote:1)Find a low-sec hub of activity (FW areas are good places to look, check the market and find the stations that have lots of PvP goods)
2) Put your scorch for sale for 1.2-1.3mil/ea.
3) ??????
4) Profit
May I suggest the station in Kamela, we always need more things there.
DUST514 isn't on PC because CCP wants 2 different communities influencing each other, not people tabbing out to give themselves Orbital Strikes. (Also they don't want to cannibalise their existing playerbase) |
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
7126
|
Posted - 2013.01.30 22:54:00 -
[15] - Quote
ACE McFACE wrote:Elvis Fett wrote:1)Find a low-sec hub of activity (FW areas are good places to look, check the market and find the stations that have lots of PvP goods)
2) Put your scorch for sale for 1.2-1.3mil/ea.
3) ??????
4) Profit
May I suggest the station in Kamela, we always need more things there.
You have to also announce the reason for your trip into local
"Little ginger moron" ~David Hasselhoff-á |
Unsuccessful At Everything
The Troll Bridge
1715
|
Posted - 2013.01.30 23:19:00 -
[16] - Quote
Wait...is this a long-fabled-yet-seldom-seem "I made a bad investment in game" whine?
Since the cessation of their usefulness is imminent, may I appropriate your belongings? |
ACE McFACE
Holy Amarrian Battlemonk
I Whip My Slaves Back and Forth
1106
|
Posted - 2013.01.31 00:45:00 -
[17] - Quote
Surfin's PlunderBunny wrote:ACE McFACE wrote:Elvis Fett wrote:1)Find a low-sec hub of activity (FW areas are good places to look, check the market and find the stations that have lots of PvP goods)
2) Put your scorch for sale for 1.2-1.3mil/ea.
3) ??????
4) Profit
May I suggest the station in Kamela, we always need more things there. You have to also announce the reason for your trip into local
Or get a jump freighter to stealth stock the market
DUST514 isn't on PC because CCP wants 2 different communities influencing each other, not people tabbing out to give themselves Orbital Strikes. (Also they don't want to cannibalise their existing playerbase) |
Iosue
Black Sky Hipsters
151
|
Posted - 2013.01.31 16:10:00 -
[18] - Quote
check where the backstops are. i.e. in any trade hub for many items, there's often a large order to purchase/sell massive quantities at a set price. these usually don't fluctuate that much. if the prices you're looking at are composed of a lot of small orders, you might want to reconsider that investment because those small orders can be cleared quickly. you may be able to take advantage of a few smaller orders, but those backstops are going to be your "worst-case" scenario. if it doesn't make sense to sell/buy at the backstop prices, you may want to rethink the trade. |
Natsett Amuinn
GoonWaffe
Goonswarm Federation
1734
|
Posted - 2013.01.31 16:24:00 -
[19] - Quote
Iosue wrote:check where the backstops are. i.e. in any trade hub for many items, there's often a large order to purchase/sell massive quantities at a set price. these usually don't fluctuate that much. if the prices you're looking at are composed of a lot of small orders, you might want to reconsider that investment because those small orders can be cleared quickly. you may be able to take advantage of a few smaller orders, but those backstops are going to be your "worst-case" scenario. if it doesn't make sense to sell/buy at the backstop prices, you may want to rethink the trade.
I see people do this a lot.
One guy has hundreds of an item that sells a few a day, and then 20 other guys will start competing to sell a couple of that same item.
Which always results in that one dipshit that gets his panties in a bunch and starts making huge price cuts to "sell his stuff first", while listing his stuff for 90 days.
To many people trying to be traders in EVE, and only looking at buy and sell prices; while ignoring everything else. They just end up flooding markets with more supply then can be sold in any reasonable length of time. Then they don't give a **** that their 200m investment only netted them a whopping 100k profit.
Entirely to much, "if you really want to make isk in EVE, do trading" going on. Most of the people being told to trade stuff have no business doing it. Most people don't even appear to be able to add properly in EVE. |
Whitehound
544
|
Posted - 2013.01.31 18:14:00 -
[20] - Quote
Natsett Amuinn wrote:I see people do this a lot.
One guy has hundreds of an item that sells a few a day, and then 20 other guys will start competing to sell a couple of that same item.
Which always results in that one dipshit that gets his panties in a bunch and starts making huge price cuts to "sell his stuff first", while listing his stuff for 90 days.
It is not a real problem. I like the smaller traders and they have a use to me and I try to herd them.
I avoid beating smaller orders and set up my orders behind them. The smaller traders will always try to beat my orders, because they fear the larger volumes and so there is little point to bother about them.
I then put pressure on the price and watch what others do. It not only cuts the margins of other traders, but it sorts out the weaker traders as they lose interest in the smaller profit, and it lets me see how much movement is in a price, too. Too much movement means that there will always be a lot of little traders competing with me and this is not good. And when my larger orders stand completely without competition have I made a mistake, too - I then will be selling too cheap or be buying too high.
I then do the opposite when I trade with small volumes, where I try to stay as close as I can to a next larger volume order and avoid getting pushed down too far.
There is a hierarchy in the market among players and one needs to respect it and find the right place to be in, or one gets eaten or pushed aside.
SCAM CAT - Titan Jump - I was there - Goon Dog |
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