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donttrollmebro
Hedion University Amarr Empire
0
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Posted - 2015.07.16 00:12:56 -
[1] - Quote
I have played EVE for a few years, and always been poor. I currently have north of 3B isk (after I restock some pvp ships lets say 2.5B or so). I hate missioning, is station trading the best way to use this money to create more wealth? I am tired of being poor always being that guy flying sub 50M ships while they are in blinged Machs talking about their Titan alts. |
Paranoid Loyd
6278
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Posted - 2015.07.16 00:17:59 -
[2] - Quote
"Best" is subjective. That said, there is certainly no question whether or not station trading is a good way to make isk. It certainly is, assuming you have the patience and are willing to do the research.
"Gankers are just other players, not supernatural monsters who will get you if you don't follow some arbitrary superstition. Haul responsibly and without irrational fear." Masao Kurata
Fix the Prospect!!!
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ShahFluffers
Ice Fire Warriors Snuffed Out
8327
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Posted - 2015.07.16 05:04:16 -
[3] - Quote
Even with a hanger with plenty of "expensive" ships I still often fly Tristans and Atrons. Don't let the expensive tastes of others get to you.
If anything... it makes you more fearless!!
How did you Veterans start?
The Skillpoint System and You
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Chainsaw Plankton
IDLE GUNS IDLE EMPIRE
1290
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Posted - 2015.07.16 08:26:06 -
[4] - Quote
trading looks to be a good way to make isk. that said I get bored of it and can't usually manage more than a few orders. my alt can do 200 something, but usually only juggle enough to buy tags and sell LP store goodies.
@ChainsawPlankto
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Black Pedro
Yammerschooner
1179
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Posted - 2015.07.16 08:31:41 -
[5] - Quote
donttrollmebro wrote:I have played EVE for a few years, and always been poor. I currently have north of 3B isk (after I restock some pvp ships lets say 2.5B or so). I hate missioning, is station trading the best way to use this money to create more wealth? I am tired of being poor always being that guy flying sub 50M ships while they are in blinged Machs talking about their Titan alts. Station trading is one way to get quite rich. However, it is not free money that is just sitting on the ground waiting for you to pick up. It will require study, work and lots of time or everyone would be doing it and it wouldn't be so profitable.
A couple billion is plenty to jump right in. Find some guides to learn the basics, pick a trade hub and see how it goes. If you like it and you are making acceptable ISK doing it, you can work to lower your costs by grinding standings or expand your markets. But if you find it tedious and sapping your desire to play they game, perhaps it is better to look for something else to make the big bucks rather than risk burn out and quitting the game.
Alternatives to station trading to make serious money are region trading, inter-region trading/market seeding, market speculation/manipulation, scamming (relevant: margin trading scam), manufacturing (tough to get started in this but capital helps). |
Johnathan Coffey
Niforce Triggers
26
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Posted - 2015.07.16 18:38:17 -
[6] - Quote
Be aware that trading high frequency items (like PLEX and T2 modules) requires high standings with the owner of the station to be profitable. The margins are so thin that broker fees and sales tax will eat up almost all of your profits.
First rule of EVE UI: right click EVERYTHING.
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Sabriz Adoudel
Black Hydra Consortium. CODE.
5183
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Posted - 2015.07.17 01:05:26 -
[7] - Quote
Johnathan Coffey wrote:Be aware that trading high frequency items (like PLEX and T2 modules) requires high standings with the owner of the station to be profitable. The margins are so thin that broker fees and sales tax will eat up almost all of your profits.
T2 modules aren't quite that extreme.
Taking one fairly low spread tech 2 item (Neutron Blaster Cannon II), the spread is around 8-10% most of the time within hubs. That's profitable with Accounting 4, Broker Relations 4 and neutral or even poor standings.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Lulu Lunette
Custodes Olim United Systems of Aridia
56
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Posted - 2015.07.17 04:17:44 -
[8] - Quote
I haven't figured out the best way to make my money work for me either.
Share your secrets if you do though!
@lunettelulu7
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DeMichael Crimson
Republic University Minmatar Republic
50751
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Posted - 2015.07.17 04:40:24 -
[9] - Quote
Um, over 3 bill ISK ?
That isn't poor at all. I rarely ever get up to 1 bill ISK in my wallet.
DMC
'The Plan' | California Eve Players | Proposal - The Endless Battle
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Sabriz Adoudel
Black Hydra Consortium. CODE.
5187
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Posted - 2015.07.17 05:35:50 -
[10] - Quote
DeMichael Crimson wrote:Um, over 3 bill ISK ? That isn't poor at all. I rarely ever get up to 1 bill ISK in my wallet. DMC
I've never had more than four billion liquid and I'm probably in the low twelve figures in total assets (not counting character values). 99% of the time I have under 1b in the wallet.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Praxis Ginimic
Best Kept Frozen.
910
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Posted - 2015.07.17 21:54:07 -
[11] - Quote
Buy expensive ships, bring them to fleets, flip more plex, repeat. |
ergherhdfgh
Imperial Academy Amarr Empire
656
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Posted - 2015.07.18 11:14:41 -
[12] - Quote
donttrollmebro wrote: is station trading the best way to use this money to create more wealth? This is a game you are supposed to have fun. If you like station trading and playing pretend comodities broker is fun for you then that is a good way for you to spend your game time. If not then the game becomes a job and you might a well work an hour of overtime at your RL job and buy a PLEX. What ever you like doing in game make isk doing that.
donttrollmebro wrote: I am tired of being poor always being that guy flying sub 50M ships while they are in blinged Machs talking about their Titan alts.
If you are focusing on how you don't like being "eve poor" then you'll have a hard time making isk. How about instead of starting off with focusing on what you dislike you focus on what you like and work in a positive direction instead of negative.
As far as what other people are doing you are not other people. Maybe they don't mind running missions all week long so that they can PvP once on the weekend in a machariel and then when they loose it they are done for the week. My point is that you are not them. Focus on you and your game. If you like PvP then have fun loosing lots of cheap ships and find a way to make isk doing that. |
DeMichael Crimson
Republic University Minmatar Republic
50759
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Posted - 2015.07.20 01:23:22 -
[13] - Quote
Sabriz Adoudel wrote:DeMichael Crimson wrote:Um, over 3 bill ISK ? That isn't poor at all. I rarely ever get up to 1 bill ISK in my wallet. DMC I've never had more than four billion liquid and I'm probably in the low twelve figures in total assets (not counting character values). 99% of the time I have under 1b in the wallet. As for Assets, I use to have well over 20 bil ISK worth but CCP basically shafted me with their damn Module Tiercide / Re-balance.
Guess it's a lucky thing I have a job to buy PLEX, now it's no problem getting lot's of ISK very quickly.
DMC
'The Plan' | California Eve Players | Proposal - The Endless Battle
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Sabriz Adoudel
Black Hydra Consortium. CODE.
5192
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Posted - 2015.07.20 05:14:44 -
[14] - Quote
DeMichael Crimson wrote:Sabriz Adoudel wrote:DeMichael Crimson wrote:Um, over 3 bill ISK ? That isn't poor at all. I rarely ever get up to 1 bill ISK in my wallet. DMC I've never had more than four billion liquid and I'm probably in the low twelve figures in total assets (not counting character values). 99% of the time I have under 1b in the wallet. As for Assets, I use to have well over 20 bil ISK worth but CCP basically shafted me with their damn Module Tiercide / Re-balance. Guess it's a lucky thing I have a job to buy PLEX, now it's no problem getting lot's of ISK very quickly. DMC
Always keep assets diversified and be ready to dump fast if game changes mean you need to exit a market.
I could have lost many billions if I had been unwilling to dump Rattlesnakes on buy orders when their supply changed with the exploration changes.
If you aren't reading patch notes, never have more than 5% of your NAV in one type of asset or 25% in a group of related assets.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Mephiztopheleze
Republic University Minmatar Republic
99
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Posted - 2015.07.20 06:55:33 -
[15] - Quote
in EVE, as in life, it's not so much about maximising your profits, it's about mitigating and minimising your losses.
Occasional Resident Newbie Correspondent for TMC: http://themittani.com/search/site/mephiztopheleze
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ergherhdfgh
Imperial Academy Amarr Empire
663
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Posted - 2015.07.20 11:08:38 -
[16] - Quote
Mephiztopheleze wrote:in EVE, as in life, it's not so much about maximising your profits, it's about mitigating and minimising your losses. You could look at it this way or you could look at it that if you learn to produce in abundance then there is no need to worry about losses.
Ask a professional sports team's coach if he is more likely to succeed when focusing his team's efforts in a positive direction like winning or scoring more goals etc. or if he is more likely to succeed when focusing his player's efforts on not loosing. My guess is that any coach at that level will tell you that a positive focus will get you further.
It is difficult to produce positive results when you focus your efforts on negative influences. |
McChicken Combo HalfMayo
The Happy Meal
902
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Posted - 2015.07.21 13:50:00 -
[17] - Quote
Liquid ISK: The beverage of EVE's elite. Available now in 0.8 or above.
There are all our dominion
Gate camps: "Its like the lowsec watercooler, just with explosions and boose" - Ralph King-Griffin
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GordonO
Caldari Provisions
140
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Posted - 2015.07.21 20:58:55 -
[18] - Quote
DeMichael Crimson wrote:Um, over 3 bill ISK ? That isn't poor at all. I rarely ever get up to 1 bill ISK in my wallet. DMC
I very seriously doubt this ;)
Sadly there is no easy way, I hate trading, requires lots of active time which I don't have. I also give too much away. The most suitable way I have found is to go find a nice renter corp close to HS, 1 jump in a JF is what you want. Setup some large pos's and react basic moon goo to complex items. If you bored, run some sites. I know some people make tons are speculation.. but I have yet to master that art. Researching and selling capital BPC's seems to be a thing, not sure how profitable it is though
... What next ??
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Sabriz Adoudel
Black Hydra Consortium. CODE.
5193
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Posted - 2015.07.22 04:35:51 -
[19] - Quote
GordonO wrote:
I know some people make tons are speculation.. but I have yet to master that art. Researching and selling capital BPC's seems to be a thing, not sure how profitable it is though
Very carefully thought out market speculation is the main way you turn 0.25 trillion ISK into 1 trillion or more.
At my level (worth about 0.1 trillion) there's more profit in actively using capital.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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