LittleTerror
Illuminated Foundation Trust
35
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Posted - 2013.03.30 15:33:00 -
[2] - Quote
I can sit and update my orders for long periods of time but I'm human and I eventually crack and need to walk away from the PC and take a break from it, its not human for someone to be able to sit at their machines updating orders constantly for 6 - 12 hours everyday, its just not.
Fortunately I don't have to because I use various trade strategies that take away most of the hard work.
Hint.
Find only items that have a decent profit margin, something like 15% or greater but over 25% is good, do not bother with something that only generates 3% or something crap like that, otherwise enjoy your pathetic 100 mil per week...
Work out the average hourly volume traded, so in the price history table sort by date with most recent at the top, add the volume amounts over the last 5 - 10 days excluding the current day at the top, and taking care to avoid including abnormally high or low values, divide that value by the number of days you added to find the daily average. Divide that value by 24 to find out the average hourly volume traded, then a little trick I use, I divide the hourly amount by 2, this insures that I'm taking into consideration that the volume is both buy and sell, since it would take too much work to manually work out from spreadsheet imports to difference between the 2.
Multiple that by the hours you think you are willing to sit at your computer, now set up your buy order with that volume, for example titanium chromide shows it has a margin of 16% and its average sell price is climbing, so that's good item to invest in today, it might not be tomorrow but today its good...
I work out that titanium chromide has an average trading volume of 326,591 units over the past 10 days not including today's trades so it averages just over 13k per hour, when I divide the value by 2 I get 6,803 , so I multiply that value by 4 giving me 4 hours worth of stock 27,215 which I can now buy and sell confidently within 4 hours and the total isk needed will be around 74,089,571.7 isk when I sell the stock I'll make around 12 million isk on that item over 4 hours, so roughly 3 million isk per hour for just that item, so do you see what I mean about doing the research and understanding how it works...
Sorry I suck at explaining things in writing but maybe it will help lessen the frustration, its so much better to camp 5 - 10 items and make 25% or more profit than it is to camp over 100 mostly crap items and total burn out after
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LittleTerror
Illuminated Foundation Trust
36
|
Posted - 2013.04.03 15:05:00 -
[3] - Quote
Market API features should be scrapped, I know most won't want that but currently the way things are its way to easy to abuse using macros...
Also people should move away from Jita and Amarr etc. Buy stuff in Jita and move it somewhere, seriously its a lot less hassle and much more rewarding, you just have to take the risk of hauling it! That's the point for risk there is reward. |