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Vito Tattaglia
Shinigami Miners
155
   |
Posted - 2013.08.29 17:49:00 -
[1] - Quote
Hey MD!
So I was bored with EVE for a little bit so I decided to try out Station Trading on an alt character. I got up some basic trade skills on him and stuck him in Amarr with an allowance of 200 million and I've been trading in an assortment of T2 modules.
So far I enjoy it quite a bit, it's extremely easy ISK and allows me to do other things in the 5 minutes between updates. Of course the .01 ISK game is a bit annoying, but when you share the market with hundreds of others I suppose it's only normal. Now, my question is, how do you guys deal with inventory bottlenecks? Right now I have about 230 million ISK in escrow, but the orders of dozens of T2 modules are coming in very slowly. I check back and I got maybe 1-2 modules in.
How do you guys deal with these kinds of bottlenecks? Do I just need to expand my market into other modules? |
Adunh Slavy
1227
|
Posted - 2013.08.29 18:04:00 -
[2] - Quote
Patience
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.-á-á- William Pitt |
Thexx Littlechurch
Black Whole Industries
13
|
Posted - 2013.08.29 22:49:00 -
[3] - Quote
Adunh Slavy wrote:Patience
This. +1 |
Sabriz Adoudel
Oppan Ganknam Style
714
|
Posted - 2013.08.30 05:10:00 -
[4] - Quote
Are you buying only from the Amarr trade hub station, or from a few jumps around it too?
Miner euthanization expert. An enemy is just a friend that you stab in the front.
https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. |
Vito Tattaglia
Shinigami Miners
155
|
Posted - 2013.08.30 05:14:00 -
[5] - Quote
Sabriz Adoudel wrote:Are you buying only from the Amarr trade hub station, or from a few jumps around it too?
Just Amarr. I'm sticking to station trading, I don't have the logistics to deal with hauling materials everywhere. |
Anele Sunder
Aliastra
Gallente Federation
2
|
Posted - 2013.08.30 05:45:00 -
[6] - Quote
I used to put up buy orders at 2 or 3 jumps and collect it all after 5 days or something. Took 30 minutes . Although I was in a viator. |
Piter Presley
Red Federation
RvB - RED Federation
2
|
Posted - 2013.08.30 05:57:00 -
[7] - Quote
I would trade with items that drop or come out of LP stores, so players will sell them more frequently to get rid of them or cash out their LPs. These are far better for station trading than modules that can be build by players.
|
Rhivre
TarNec
Invisible Exchequer
395
|
Posted - 2013.08.30 07:24:00 -
[8] - Quote
T2 requires waiting for builders to come in with their bulk stuff, so it can be frustrating sometimes.
I tend to make sure there is the volume, and then do test orders to see which ones are regularly dropped into the station. |
Maru Niffilen
United Trading Organisation
2
|
Posted - 2013.08.30 15:38:00 -
[9] - Quote
Explore the markets, try to figure out from where the items come, which items are loot, which items are produced and so on. Try out many items, some take longer, some go faster. Some have more competition and some less. Use the quickbar list from the market window. You can add a text to quickbar items like "Slow Buy, Fast Sell" or "much competition".
It's a long way to go but it will be worth it. |
Vincent Athena
V.I.C.E.
Aegis Solaris
2153
|
Posted - 2013.08.30 16:27:00 -
[10] - Quote
Also diversify. Doing 10 items with orders for 5 units each is better then 2 items with orders for 25 units each.
http://vincentoneve.wordpress.com/ |
Skydell
Bad Girl Posse
Somethin Awfull Forums
551
|
Posted - 2013.08.31 01:19:00 -
[11] - Quote
Market PvP is the same as ship PvP. You need to be annoying in hopes someone makes a mistake.
.01 ISK for a week, watch someone spike the price and then dump your stock.
From the sounds of things, you aren't getting any market PvP. You are getting accidental purchases. Grab 6 guns, realize you only have 5 slots and sell beck the extra. You will find it's not really about the ISK. You are fighting with 10 people over 30 mill a month in profit. It's more to annoy the people who do it day in and day out. |
Vito Tattaglia
Shinigami Miners
155
|
Posted - 2013.08.31 02:07:00 -
[12] - Quote
Skydell wrote:Market PvP is the same as ship PvP. You need to be annoying in hopes someone makes a mistake.
.01 ISK for a week, watch someone spike the price and then dump your stock.
From the sounds of things, you aren't getting any market PvP. You are getting accidental purchases. Grab 6 guns, realize you only have 5 slots and sell beck the extra. You will find it's not really about the ISK. You are fighting with 10 people over 30 mill a month in profit. It's more to annoy the people who do it day in and day out.
That's one thing that I have noticed. I do get some market PvP, in some of the more popular market objects I trade I usually split my orders in two just so that I don't have to wait for the full 5 minutes to have one of my orders on top. But the second point you make, I think you're right. Most of the order fulfillment I get on my buy orders come in 1-3 units at a time. In fact, the one time that the opposite happened, when most of my high value buy orders were completed relatively quickly, (about 70 modules totaling about 110 million) I panicked at the massive influx of inventory and thought that someone was deliberately trying to crash the market. |
SJ Astralana
Syncore
9
|
Posted - 2013.08.31 04:36:00 -
[13] - Quote
Your mistake is in believing there's any isk/hr to be made .01 undercutting. .01 undercutting is for suckers. Look for items that price spike every week or so, and position your stack to get paid off with the spikes. Figure that out and you can log in like daily and make over a bil an hour for the clicking you actually do.
SJ Astralana = Danari = Alak D'bor. I don't fuss about which account/toon is logged in, nor do I hide behind alts. |
Rawbert Gzon
4
|
Posted - 2013.09.01 20:12:00 -
[14] - Quote
SJ Astralana wrote:Your mistake is in believing there's any isk/hr to be made .01 undercutting. .01 undercutting is for suckers. Look for items that price spike every week or so, and position your stack to get paid off with the spikes. Figure that out and you can log in like daily and make over a bil an hour for the clicking you actually do.
This.
.01 undercutting isn't just stupid but also very time consuming if you want to make any significant profit from station trading.
Trust me, you can turn a PLEX into 40 bn in less than 4 months if you know how to station trade. However, you won't make profit like that by playing the .01 isk game.
|
arabella blood
I Swear She Looked 18
119
|
Posted - 2013.09.01 20:24:00 -
[15] - Quote
Rawbert Gzon wrote:SJ Astralana wrote:Your mistake is in believing there's any isk/hr to be made .01 undercutting. .01 undercutting is for suckers. Look for items that price spike every week or so, and position your stack to get paid off with the spikes. Figure that out and you can log in like daily and make over a bil an hour for the clicking you actually do. This. .01 undercutting isn't just stupid but also very time consuming if you want to make any significant profit from station trading. Trust me, you can turn a PLEX into 40 bn in less than 4 months if you know how to station trade. However, you won't make profit like that by playing the .01 isk game.
Want to bet?
|
Syds Sinclair
Pan-Galactic Initiative
66
|
Posted - 2013.09.01 20:41:00 -
[16] - Quote
..This just in: station trading via buy highest sell lowest is not profitable. |
arabella blood
I Swear She Looked 18
119
|
Posted - 2013.09.01 21:26:00 -
[17] - Quote
Syds Sinclair wrote:..This just in: station trading via buy highest sell lowest is not profitable.
Only plex for 4 months...thats the key ingridient! 
|
Rhivre
TarNec
Invisible Exchequer
396
|
Posted - 2013.09.01 22:35:00 -
[18] - Quote
SJ Astralana wrote: and make over a bil an hour for the clicking you actually do.
From the OPs 200m?
Thats not a bad ROI :)
|
Kethas Protagonist
Protagonist Ventures
60
|
Posted - 2013.09.02 02:11:00 -
[19] - Quote
I'm not a station trader (well, not primarily, anyway), so take what I say with a grain of salt, but there's no such thing as "I am having trouble filling my inventory." At any given time you could choose to price more aggressively and increase your trading volume. What you presumably mean is "I am having trouble filling my inventory while maintaining my desired margins/price points." You should consider pricing more aggressively if your profit bottleneck is throughput, not margin (or pursue another solution, like more heavily diversifying, as mentioned above).
If you have an established station trading business, have at least a billion or so in spare business capital, are confident you will remain in business for at least a couple months, and are really struggling to find a profitable use for said capital, I'm a T2 manufacturer that's looking for station trading partners in non-Jita hubs; send me a mail ingame. |
IbanezLaney
The Church of Awesome
Caldari State Capturing
546
|
Posted - 2013.09.02 06:47:00 -
[20] - Quote
Vito Tattaglia wrote:Hey MD!
So I was bored with EVE for a little bit so I decided to try out Station Trading on an alt character. I got up some basic trade skills on him and stuck him in Amarr with an allowance of 200 million and I've been trading in an assortment of T2 modules.
So far I enjoy it quite a bit, it's extremely easy ISK and allows me to do other things in the 5 minutes between updates. Of course the .01 ISK game is a bit annoying, but when you share the market with hundreds of others I suppose it's only normal. Now, my question is, how do you guys deal with inventory bottlenecks? Right now I have about 230 million ISK in escrow, but the orders of dozens of T2 modules are coming in very slowly. I check back and I got maybe 1-2 modules in.
How do you guys deal with these kinds of bottlenecks? Do I just need to expand my market into other modules?
I have only done a bit of market trading a long way back - however it was very profitable when I did. (It was just too boring for me tbh)
The .01 isk game isn't an issue - there is a very simple way around it.
The reason your orders of 'dozens' are slow is that you have made one order for the item. Allowing yourself to be .01 isked for up to 5 min at a time.
Ill assume you have 3 dozen items on one order - You should have say 3 orders for a dozen each.
If someone .01's you. You .01 them back with your 2nd order and so on.
If you have an item that sells in large volumes - split the order into 5-6 separate buys/sells.
In a busy hub - your order will still be in the right place most of the time, increasing your turnover considerably.
The higher turnover will leave you space richer than you would have been doing things with only one order per item.
Don't spread yourself over too many items. Pick a few high turnover/essential ones and deal in those and don't get greedy for the big margin items and you will make a **** tonne just trading on volume. Use the big margin slow selling items as a side thing and don't tie more than 15-20% of your isk up in them.
Once you do this you will see patterns that allow you to know when to bail on a product and how to 'burn' the high margin items for your fast profits (and wrecking everyone elses expected profit margins :) ).
I could go on forever but Im bored of this market stuff already. 
If you want to get your soul to heaven, trust in me.
Now don't judge or question.
You are broken now, but faith can heal you.
Just do everything I tell you to do.
(Opiate - Tool) |
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