Leg Day
State War Academy
Caldari State
0
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Posted - 2014.07.10 01:53:00 -
[1] - Quote
Amber Lana wrote:Hello. I was thinking about starting a new character for station trading
Ready yourself for either unnatural amounts of patience working outside of jita or unnatural amounts of order updates working in jita. There really are two distinct station trading methods: Hawking in Jita 23/7, or as much time as you feasibly can keep your orders on top, OR patiently monitoring slower moving trades in other stations. As an aside, and you should take this and all advice with a grain of salt, I'm incredibly bullish on Hek right now. It's been getting slow lately and a lot of the big boys have abandoned it, but there's still money to be made there, especially off the nearby SOE missioners, FW combatants, pirates, and various other locals.
Amber Lana wrote:
How much money should I start with?
As much or as little as you can afford to lose. Station trading is not so incredibly risky, but you can take a bath now and then, especially when you're new to it. In terms of what will generate good isk per effort or hour you put in, that's relative. I've currently got a mere 8-9bil, which is small fries by market vet standards, invested on my trader alt, but that's what I am currently comfortable investing. My return is probably around 500-600mil per week and I invest extremely conservatively on slower turnover than Jita stations.
My start was in Amarr a few years ago and I didn't really take the time to sit down and figure out how to make real money until last year. My trade alt for the most part was just a guy to sell and buy things for my main who was an outlaw. I had a few million isk one weekend and my main was camped in station out in nullsec, so I paused training my main for a week and trained up a few trade skills. The rest just sort of followed from there. My trade still has only accounting, broker relations, margin trading, and a couple other skills trained at all. I did put him in the amarr militia for a while to get easy standing boosts, but I made my first billion before all that.
tl;dr: You can start with whatever, but if I had to give a point where having X much isk made trading simpler it would be a few hundred million isk.
Amber Lana wrote:
Which trade hub should I start with? Dodixie? Amarr?
As mentioned, I started in Amarr. I wouldn't necessarily recommend that today as I feel competition there has come up quite a bit in the intervening years, but all stations are viable if you have the time to deal with more competitive locations. Dodixie is still a good choice, or as good as any other major non-jita hub. Again, if you decide not to work in Jita, you'll be learning zen-like patience no matter where you work.
Amber Lana wrote:
What kinds of things should I trade in to start?
Crius is going to shake up a lot of things, so it's hard to say without painting in broad strokes. Generally, I advise new traders to stick to t1 or meta modules, ammo, and other things cheap enough to dig into. You don't want to be betting the farm on expensive t2 ships or something with no experience. That's just asking for losses. |