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Chris Carlyle
Anime Society of Inner Caldari
2
|
Posted - 2013.12.10 10:54:00 -
[1] - Quote
For the past few months I've been running security missions. I used to think this would be my primary source of income.
Browsing trough my transactions, I found that I've made most of my ISK buying and selling skills, modules, ammunition and ships. Most of it in the same trade hub.
Truth be told. I like crunching numbers and micromanaging trades almost as much as I like blowing stuff up. Is it possible to make a living from station trading alone? |

Abdiel Kavash
Paladin Order Fidelas Constans
2234
|
Posted - 2013.12.10 11:08:00 -
[2] - Quote
Yes, if you don't mind an activity even more repetitive and less complex than security missions. |

Rhivre
TarNec Invisible Exchequer
644
|
Posted - 2013.12.10 11:54:00 -
[3] - Quote
Yes.
The repetitiveness of it depends on what type of station trading you do, it can range from manipulations (less repetitive) to 0.01ing at the other end.
Most people consider station trading to be only 0.01ing. Most people are wrong :p Fluffy Bunny Pic! |

Lord LazyGhost
The Bastards The Bastards.
206
|
Posted - 2013.12.10 12:01:00 -
[4] - Quote
Rhivre wrote:Yes.
The repetitiveness of it depends on what type of station trading you do, it can range from manipulations (less repetitive) to 0.01ing at the other end.
Most people consider station trading to be only 0.01ing. Most people are wrong :p
i agree :) and my large bed of isk agrees :) |

Chris Carlyle
Anime Society of Inner Caldari
2
|
Posted - 2013.12.10 12:07:00 -
[5] - Quote
Thanks for the replies :)
I agree that trying to undercut the competition by 0.01 isk can be very repetitive. I guess I am doing it wrong.
How does market manipulation work? And can you do it with ~1b isk? |

Lord LazyGhost
The Bastards The Bastards.
206
|
Posted - 2013.12.10 12:14:00 -
[6] - Quote
Chris Carlyle wrote:Thanks for the replies :)
I agree that trying to undercut the competition by 0.01 isk can be very repetitive. I guess I am doing it wrong.
How does market manipulation work? And can you do it with ~1b isk?
yes and know. its basicly artificialy changeing the prices of things be it running the price down with ur order taking chuncks off the sell price. when people follow you down in price keep going until ur hapy then buy up all the sell orders and then relist :) same with buh orders pricethm up people folow you until ur happy then dump ur stock on the market :) |

Chris Carlyle
Anime Society of Inner Caldari
2
|
Posted - 2013.12.10 12:35:00 -
[7] - Quote
Lord LazyGhost wrote:its basicly artificialy changeing the prices of things be it running the price down with ur order taking chuncks off the sell price. when people follow you down in price keep going until ur hapy then buy up all the sell orders and then relist :) same with buh orders pricethm up people folow you until ur happy then dump ur stock on the market :)
That explains a lot. Thank you.
|

Lord LazyGhost
The Bastards The Bastards.
207
|
Posted - 2013.12.10 13:12:00 -
[8] - Quote
Chris Carlyle wrote:Lord LazyGhost wrote:its basicly artificialy changeing the prices of things be it running the price down with ur order taking chuncks off the sell price. when people follow you down in price keep going until ur hapy then buy up all the sell orders and then relist :) same with buh orders pricethm up people folow you until ur happy then dump ur stock on the market :) That explains a lot. Thank you.
thereis a lot more to it but tryed to break it do to doh level :). its realy a learn as you go thing trading you going to loose some money to start with and gain some. I sugest you start with x amount say 500m or a 1bil if ya got it spare tho ya realy dont need that much. i started with 100m isk now got around 20b liquid over the space of a year or so and i dont trade 24/7 jsut when i can and i try to stay away from 0.01 isking becasue that drives me mad. buy it low sell it at a mark up iam happy with and just leave it to sell adusting if needed. |

Oska Rus
Free Ice Cream People
45
|
Posted - 2013.12.10 14:34:00 -
[9] - Quote
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital. |

Sabriz Adoudel
Mission BLITZ
1300
|
Posted - 2013.12.11 00:15:00 -
[10] - Quote
Oska Rus wrote:Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.
If you have under 1b in capital, spam scamming is the most lucrative profession.
If you have 1b-50b, station and/or region trading is one of the two best professions, and the other one is 'deep trust' scamming (corp infiltration and theft, Ponzi schemes, etc).
Beyond ~50b, trading superrare items is probably the most lucrative (t2 BPOs, supercarriers, AT ships, titan pilots, etc), although deep trust scamming works too. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. An enemy is just a friend that you stab in the front. |
|

SJ Astralana
Syncore
16
|
Posted - 2013.12.11 08:45:00 -
[11] - Quote
Oska Rus wrote:Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.
No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour. Traders who know little else other than grinding like a sucker swear by it, others scoff. SJ Astralana = Danari = Alak D'bor. I don't fuss about which account/toon is logged in, nor do I hide behind alts. |

Bad Bobby
Bring Me Sunshine In Tea We Trust
280
|
Posted - 2013.12.11 09:01:00 -
[12] - Quote
Sabriz Adoudel wrote:If you have under 1b in capital, spam scamming is the most lucrative profession. Have you any numbers to back that up?
Sabriz Adoudel wrote:corp infiltration and theft, Ponzi schemes, etc While these can pay out big, they generally take quite a lot of time and effort to pull off with any reliability. As a result the isk/hour isn't actually that great.
|

Chris Carlyle
Anime Society of Inner Caldari
2
|
Posted - 2013.12.11 09:36:00 -
[13] - Quote
SJ Astralana wrote:Oska Rus wrote:Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital. No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff. The lack of actual figures lead me to believe it may not have been a good idea to get into station trading. I'm glad that's not the case :)
Sabriz Adoudel wrote:If you have under 1b in capital, spam scamming is the most lucrative profession.
I want to stay away from scams. With so many scammers around, honesty and trust may turn out to be invaluable in the long run.
Lord LazyGhost wrote: thereis a lot more to it but tryed to break it do to doh level :). its realy a learn as you go thing trading you going to loose some money to start with and gain some. I sugest you start with x amount say 500m or a 1bil if ya got it spare tho ya realy dont need that much. i started with 100m isk now got around 20b liquid over the space of a year or so and i dont trade 24/7 jsut when i can and i try to stay away from 0.01 isking becasue that drives me mad. buy it low sell it at a mark up iam happy with and just leave it to sell adusting if needed.
20b sounds like music to my ears. I made myself a list of high-volume and high-margin items and I made about 100m yesterday. I've also been looking at very expensive low-volume items like faction mods. I suppose I should stay away from those for the time being? |

Wafflehead
Hurricane Research
41
|
Posted - 2013.12.11 10:09:00 -
[14] - Quote
SJ Astralana wrote:Oska Rus wrote:Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital. No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff.
There are plenty of figures... Go check eve-mogul's leaderboard, check eve-profit. Check the various loan threads and you will see reports of profit.
Yes it is a viable profession, at the moment. |

Oska Rus
Free Ice Cream People
46
|
Posted - 2013.12.11 10:16:00 -
[15] - Quote
Numbers? See greedy goblins page. ;-) My current profits are around 1-2% a day on capital. which is 30-100M on my humble 3B with simplest station trading imaginable. (one staion, one alt, about 50-100 items) |

Lord LazyGhost
The Bastards The Bastards.
207
|
Posted - 2013.12.11 10:25:00 -
[16] - Quote
Chris Carlyle wrote:SJ Astralana wrote:Oska Rus wrote:Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital. No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff. The lack of actual figures lead me to believe it may not have been a good idea to get into station trading. I'm glad that's not the case :) Sabriz Adoudel wrote:If you have under 1b in capital, spam scamming is the most lucrative profession.
I want to stay away from scams. With so many scammers around, honesty and trust may turn out to be invaluable in the long run. Lord LazyGhost wrote: thereis a lot more to it but tryed to break it do to doh level :). its realy a learn as you go thing trading you going to loose some money to start with and gain some. I sugest you start with x amount say 500m or a 1bil if ya got it spare tho ya realy dont need that much. i started with 100m isk now got around 20b liquid over the space of a year or so and i dont trade 24/7 jsut when i can and i try to stay away from 0.01 isking becasue that drives me mad. buy it low sell it at a mark up iam happy with and just leave it to sell adusting if needed.
20b sounds like music to my ears. I made myself a list of high-volume and high-margin items and I made about 100m yesterday. I've also been looking at very expensive low-volume items like faction mods. I suppose I should stay away from those for the time being?
faction items are great but can be really slow turn around. when your starting out you want fast turn around items looking at 5-10% mark that sell 100+ a day or larger. you can make more selling more expensive things.
say i make 1mil profit on one item or i make 70m on another item it may be better to sell that item i make 1m profit at.
say that item sells 200 a day on average where as the 70m profit item may not sell for a week. your better off selling the lesser profit item but just more of them in the same time.
some people scoff at 1-3% mark up i look at it the other way all profit is profit be it 1% or 100% it all adds up if you have 10 items makeing you 10% or you have 300 items all makeing 1-3% i know what i would rather go with...
and the faction stuff you do when you have spare isk to sit there for the big pay offs :) |

Jori McKie
Friends Of Harassment
109
|
Posted - 2013.12.11 10:31:00 -
[17] - Quote
There are two types of trading, you can break it down to - High volume items - Low volume items
Low volume items have two big advantages, nearly no 0.01ing and easier to manipulate. They're perfect for medium/long term trading between different trade hubs. High volume items are for the most part t1, t2 stuff and materials, if you aren't producing t1 and t2 yourself i won't trade with them. Materials on the other hand are easier to trade with, example are Isotopes like clockwork they are manipulated on Friday morning to get a higher sell price for the weekend. This sort of manipulation is wide spread among many items.
I spend 1h per day actively trading with low volume items, that is 7h per week. My weekly profit is between 5b to 7b, so 714m to 1b per hour. You won't get that numbers from the get go, but 200m per hour are easy once you set up shop. |

Sabriz Adoudel
Mission BLITZ
1301
|
Posted - 2013.12.12 00:10:00 -
[18] - Quote
I know people that run regular deep trust scams (not super deep), primarily targetting wormhole corps, and will often put out a call 'need Archon/Moros pilots to steal ten capitals, will pay good ISK'. A week to select a target and implant a character, a second week the build trust, then boom, you steal 25b of stuff (although usually the capital pilots get paid 25-50% and occasionally they steal the ships from you). This requires capital - once your characters get a filthy name you need to sell them and buy new ones; you need faction/deadspace T3s or carriers to have something real to offer to the corps you are applying to, and so on.
By contrast, I don't have the uninterrupted playtime needed to do that, so I engage in market trades and tech 2 production, and make perhaps a billion a month from the former and a very market-dependant amount (500m usually, can hit 2500m if stars align like they recently did with Oneiros hulls) a month from the latter. With more capital behind me I could make more - for instance I would have spent 20b instead of 2b buying up Photon Microprocessors a fortnight ago when I could see their price was going up. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. An enemy is just a friend that you stab in the front. |

Lord Jita
Lord Jita's Big Gay Corp
101
|
Posted - 2013.12.13 02:44:00 -
[19] - Quote
Quote: Is it possible to make a living from station trading alone?
No. Go away. |

Block Ukx
Forge Laboratories
162
|
Posted - 2013.12.13 02:56:00 -
[20] - Quote
Bad Bobby wrote:Sabriz Adoudel wrote:If you have under 1b in capital, spam scamming is the most lucrative profession. Have you any numbers to back that up? Sabriz Adoudel wrote:corp infiltration and theft, Ponzi schemes, etc While these can pay out big, they generally take quite a lot of time and effort to pull off with any reliability. As a result the isk/hour isn't actually that great.
Perhaps you should teach him how its done. A great master you are!
|
|

Chris Carlyle
Decima Technologies Market and Contract PVP
0
|
Posted - 2013.12.23 11:07:00 -
[21] - Quote
I've checked out the websites your recommended, read a lot of blogs and I believe I can make this work. I have modified my settings to only view items in the system I'm currently in and mark my own orders blue.
I've broken down my market quick bar into 3 lists. Surprisingly, the low-volume orders fill up insanely quickly in contrast to the high-volume items.
- Low volume, high margin
- High volume
- Watch list
I've tried Dodixie and Jita. At Dodixie it takes ages to get orders filled up, but the margins are good. Jita has a lot of competition and more 0.01 ISKing, but orders fill up quickly and I like that. What is your favourite trade hub? |

Nick Starkey
Southern Cross Empire Flying Dangerous
11
|
Posted - 2013.12.23 15:01:00 -
[22] - Quote
I'll just add that you can easily run missions and trading at once, especially if you start doing missions for caldari navy (they are just 1-3 jumps away from Jita). Train the daytrading skill and you can easily update orders while warping back and forth to mission zones, slowboating to gates or while waiting for your drones to finish off frigates. You'll even raise standings which will reduce your Jita taxes. |

Malivain
Red Federation RvB - RED Federation
1
|
Posted - 2013.12.23 19:55:00 -
[23] - Quote
Hey, when I started station trading, I also couldn't find many concrete examples of profits or, more importantly, ISK per hour. So after a little while I decided to make a record of my transactions over the course of one month. After completing the month of station trading, I put up the spreadsheet of my profits, time spent trading per day, and efficiency (in ISK per hour spent). I had hoped to help others learn about the trade.
First, I am by no means an expert in trading. Also, you should take any numbers posted by players with a grain of salt, including my own (shown below). See the forum post for an explanation of the spreadsheet.
Summary:
- Total Initial ISK (Billions): 5.483251393
- Total Final ISK (Billions): 9.23105576
- Total ISK Earned (Billions): 3.747804367
- Time Spent Trading (Hours per Month): 28.43
- Average Time Spent Trading per Day (Minutes per Day): 56.87
- Average Efficiency (Million ISK per Hour Spent Trading): 131.81
Original EVE University Forum Post - http://forum.eveuniversity.org/viewtopic.php?f=48&t=62987
Spreadsheet - https://docs.google.com/spreadsheet/ccc?key=0Aoku0r9WeJ-sdE0yN0c4dHJ5Q2JaaXEwLUtyXzFNalE
I hope this helps you and others. 
-Malivain |

Kate 'on
DevonCorp
2
|
Posted - 2013.12.23 20:00:00 -
[24] - Quote
Chris Carlyle wrote:For the past few months I've been running security missions. I used to think this would be my primary source of income.
Browsing trough my transactions, I found that I've made most of my ISK buying and selling skills, modules, ammunition and ships. Most of it in the same trade hub.
Truth be told. I like crunching numbers and micromanaging trades almost as much as I like blowing stuff up. Is it possible to make a living from station trading alone?
of course. And don`t let naysayers tell you it's more boring than missions, you literally can spend 10m a day on it, while you have your morning coffee, and make enough to plex your account, and pay for pew pew if you want. As soon as you build up enough capital, and pick a decent station/product.
The ony things you shoudl really avoid are tick trading, since it only benefits those who sit there all day, and assuming you have all the answers. As soon as you think you know it all is when the market decides to chip away at your profits until you have none. |

LittleTerror
Beer and Kebabs
128
|
Posted - 2013.12.23 23:41:00 -
[25] - Quote
1 billion in a day trading in jita with 2 billion investment if I play the 0.01 isk game for a few hours, but i can comfortable make 200 mill per day updating just a few things once a day on pure lazy mode then that isk is made while i sleep 
station trading in jita takes time to learn, I would go with the spreadsheet route and learn what things are trading for at their lowest and highest then work out your prices from that, one tip i will give which is probably important when considering number of orders limit per character. Try to only setup buy orders for items currently being bought at their lowest point in the cycle, and only buy them if they have at least at the minimum (if it is a rare or hardly used item) 5 - 10 units per day total median average volume sold. It is entirely possible to setup a good spreadsheet and pull all the data you need in almost real time and have the data sorted so you can see at a glance what items are worth trading today or next week...
I won't share my exact workflow as i've worked hard to be able to make this much isk per day for very little effort, i typically never break the 3 billion mark since i spend all my isk on funding 2 accounts, toys to fly and wardecs, I always however constantly improve my trading strategy, sometimes those improvements are actually not improvements on my system but destructive. Which is why I want to stress you should make yourself some rules and stick to them, in my early trading days i was constantly changing my mind, setting up like 200 orders and getting frustrated and cancelling them all... There is a lot of competition out there in the trading profession both in eve and in the real world, the only way to win at trading is to rise above the others by raising your own expectations of what you are able to do.
Make your trading rules or system and stick to it and see how it works, then look at it and look to why you lost isk or you made isk, look for ways to avoid the same mistakes, improve your system make new rules and stick to them, soon you be making billions with very little effort. However you can only make more isk if you're willing to put in the effort, because its hard to break the 1 billion mark for a noob trader, then its harder to break the 3 billion mark but that will sustain 2 accounts with plex, 1 main for pvp the other trading in jita, but only if you have a clue.
Ok that was more than one tip but w/e |

LittleTerror
Beer and Kebabs
128
|
Posted - 2013.12.24 00:01:00 -
[26] - Quote
One more thing, watching some youtube trading videos can be a good way to learn but tbh none of them are doing it in a highly efficient manner, I would instead go watch videos about pulling market data from places like eve-central.com api into a spreadsheet, but I would say learn to be reasonable, 500 items so about 1500 separate calls per day, updating your sheet once per day. Also be courteous and caring by using something like evemon to upload your own cache data back to their server, don't just take, take, take and then ***** about getting old data...
Another great program to use is evementat, its a really good tool, specifically with learning about its self cost function and setting the market browser deviation setting to it, this way you can see if the current sell prices are profitable for your stack which if you read my last post they most probably will be ;D. This is where you will learn how easy it is to pick on noob traders, buying a stack of a tech 2 mod and selling it the next day to some clowns buy order for 10% profit is hilarious, similarly selling another stack of the same mod for 16% profit is amusing, on a tech 2 high volume item that is a very good trade....
yes station trading is very viable. |

Chris Carlyle
Decima Technologies Market and Contract PVP
0
|
Posted - 2013.12.25 15:04:00 -
[27] - Quote
@Nick Starkey Indeed. I try to mix missions with trading. Another great benefit is the increase in Caldari Navy / Caldari State standings.
@Kate 'on It's surprisingly time effective indeed. I've tried both active for hours in a row and taking only 10-20 minutes to set up and walk away. The last option is ideal on a busy work day.
@LittleTerror I certainly have a lot to learn. I must admit I never really used evemon or evementat. I'll definitely look into that! Thank you so much for all the info.
And before I forget, Merry Christmas to you all! |

Nicholas Lafisques
University of Caille Gallente Federation
9
|
Posted - 2013.12.25 18:39:00 -
[28] - Quote
I have just started playing a bout 2 months ago and trading seems to be the best way to make isk. Though I had started with a lot of planetary interaction which got me a descent bit of isk to trade with, I have just about entirely neglected PI in order to focus more on trading.
I think I hit it lucky with my factory planets making wetwork mainframes and organic mortar appliactors after rubicon which gave me a way to make a serious amount of profit with little investment/time. That being said, after starting with nothing a couple months ago I am up to around 10b isk all in all. It certainly required a lot of time doing the .01 isking game, but now I have worked myself up to a point where I can put much less effort into it and make plenty of isk to support just about whatever it is I would like to do.
As other have stated its all about buying and selling at the right time. You are bound to lose/break even on some things, but don't let it discourage you. Even with buys that weren't all that good of an idea, I very rarely lost anything in the process and would usually come out a couple % ahead.
I would strongly suggest training the appropriate skills to reduce tax/broker fee and getting your standings up asap, buy the tags for the data centers once u can afford them. As someone said, u can run missions while you trade, which gives u some isk (though it was rather negligible in my case) and most of all extra standings.
|

Thermopylaee
State War Academy Caldari State
2
|
Posted - 2013.12.25 19:17:00 -
[29] - Quote
Jori McKie wrote:There are two types of trading, you can break it down to - High volume items - Low volume items
Low volume items have two big advantages, nearly no 0.01ing and easier to manipulate. They're perfect for medium/long term trading between different trade hubs. High volume items are for the most part t1, t2 stuff and materials, if you aren't producing t1 and t2 yourself i won't trade with them. Materials on the other hand are easier to trade with, example are Isotopes like clockwork they are manipulated on Friday morning to get a higher sell price for the weekend. This sort of manipulation is wide spread among many high volume items.
I spend 1h per day actively trading with low volume items, that is 7h per week. My weekly profit is between 5b to 7b, so 714m to 1b per hour. You won't get that numbers from the get go, but 200m per hour are easy once you set up shop.
That sounds very interesting. Do you pretty much solely station trade, or is there more to it than that? I'd like to be able to focus my ISK/hr generation, and trading sounds like a great way, just haven't figured out my own formula yet ;-) Maybe I haven't put the money into it that is required... takes money to make money? |

Thermopylaee
State War Academy Caldari State
2
|
Posted - 2013.12.25 19:57:00 -
[30] - Quote
LittleTerror wrote:1 billion in a day trading in jita with 2 billion investment if I play the 0.01 isk game for a few hours, but i can comfortable make 200 mill per day updating just a few things once a day on pure lazy mode then that isk is made while i sleep  station trading in jita takes time to learn, I would go with the spreadsheet route and learn what things are trading for at their lowest and highest then work out your prices from that, one tip i will give which is probably important when considering number of orders limit per character. Try to only setup buy orders for items currently being bought at their lowest point in the cycle, and only buy them if they have at least at the minimum (if it is a rare or hardly used item) 5 - 10 units per day total median average volume sold. It is entirely possible to setup a good spreadsheet and pull all the data you need in almost real time and have the data sorted so you can see at a glance what items are worth trading today or next week... I won't share my exact workflow as i've worked hard to be able to make this much isk per day for very little effort, i typically never break the 3 billion mark since i spend all my isk on funding 2 accounts, toys to fly and wardecs, I always however constantly improve my trading strategy, sometimes those improvements are actually not improvements on my system but destructive. Which is why I want to stress you should make yourself some rules and stick to them, in my early trading days i was constantly changing my mind, setting up like 200 orders and getting frustrated and cancelling them all... There is a lot of competition out there in the trading profession both in eve and in the real world, the only way to win at trading is to rise above the others by raising your own expectations of what you are able to do. Make your trading rules or system and stick to it and see how it works, then look at it and look to why you lost isk or you made isk, look for ways to avoid the same mistakes, improve your system make new rules and stick to them, soon you be making billions with very little effort. However you can only make more isk if you're willing to put in the effort, because its hard to break the 1 billion mark for a noob trader, then its harder to break the 3 billion mark but that will sustain 2 accounts with plex, 1 main for pvp the other trading in jita, but only if you have a clue. Ok that was more than one tip but w/e
When you're playing the 0.01 ISK game, do you still have a focus on the items, or can you pretty much blanket the market with orders and make decent profit? |
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