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Lina Smith
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Posted - 2007.01.11 10:51:00 -
[1]
Hi
I just want to do a little bit of whining and hopefully get some tips on how to go back to my happy state.
I have really tryed so many times to start trading and earn isk. I want to earn alot of isk (ofcourse). But i am way to scared to do it 100%.
What i mean is that i dont se the profit in the amount of work and i dont dare to buy stuff and not se a profit direct. I am a chicken, i know.
I do have a freighter and i do have a wallet with 600mil isk. Where to start?
My plan is to place a few "market scouts alts" in hub system. Then place my slef with my freighter in jita. I will then start looking over the market for a few hours and hopefully find modules that will give me profit...
I have done a rule that i will try to follow. It makes me controle how mutch profit i must go for eatch module. I have set 100k isk in profit per module.
I do my calculation this way; 100000 * 20 (units) * 20 (orders) = 40mil in profit. But now the problems starts... To buy 20 units of 20 modules that allowe me to make 100k profit per module will cost me a huge amount of isk. If every module cost 1000000 i will need to risk 400mil to earn 40mil if everything goes as planed. It is now i start to get scared and it always ends with me just leaving and hiding in a corner.
Ofcourse there is more to tell. I know that i am just stupid and i know that risking is is the daily life of traiding. Spend isk to earn isk.
Ok now i really dont know why i did write this... I dont se any possebility for anyone to help me. I just need to take care of this alone and make sure that i do it some time.
But i would be glad to get some support and tips on my way of thinking.
Thanks
Lina Smith
(ofcourse i am an alt of a rich person that is way to scared to show how stupid and scared i am)
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Lina Smith
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Posted - 2007.01.11 11:23:00 -
[2]
Ok no answer after a few minutes and i get impatient... Well not strange i know but anyway.
Question tho,
Should i take all my isk and just spend it on stuff in jita and put it up in a other hub for 100k more and just hope that it will be sold? Ofcourse make sure that the module is not overprised and look at history so i know that the chanse of it to be sold is high.
I would take alot of t2 stuff so and things that is used alot, like...
Afterburner/Microwarpdrives T2
Cap rechargers T2
Weaopons T2
Drones T2
Weapon upgrades T2
Armor/Shield hardeners/repairer/boosters T2
What more do you think i should bring in my list of things that might be worth trading with...
Ammo? Hard to make 100k isk profit per unit there but sure it could be an option maybe...
Well enough frome me for a while.
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The Socialworker
Minmatar
The Socialworkers
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Posted - 2007.01.11 11:34:00 -
[3]
I would say working such small margins is strickly for experienced traders with a huge isk stack sitting in their wallet that they don't know what to do with. Look harder for bigger profit margins, and use buy orders to buy rather than trying to buy of other traders/manufacturers sell orders, because off course they want to maxinise their own profits.
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Sainsburys
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Posted - 2007.01.11 11:37:00 -
[4]
Edited by: Sainsburys on 11/01/2007 11:35:45
Hi Lina
You're right that it requires a lot of isk to see big profits and also a lot of time invested too.
First thing I would do is sell your Freighter to free up wasted isk - your present wallet isn't going to fill an Exequror, let alone a freigher.
You need to pick HIGH DEMAND modules to realise the amount of sales that you think you'll make. There are many more people doing this now and margins can get tight fast.
Stay away from Cap 2s.
Jita is not necessarily the best place to look for bargains. There are actually better hubs than Jita in value terms - use the map to scout them out.
Train up your trade skills, learn what they do and how you can use them to your advantage; like setting region wide buy orders for ships, and selling them again without undocking - marvelous way to make money.
Underestimate the sales and the profit rather than overestimate it to give you a truer idea of the competition that's out there.
Do not be put off by competitors; make a loss on a few million (or 100 million) of module sales if you think in the longer term your market is worth fighting for.
Mail this character in game later if you want.
In answer to your questions:-
Drones - no, profit margins I find are utterly rubbish.
T2 Weapons - There are some good ones to go for.....
Weapon upgrades - some are good, others you will lose money on.
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Lina Smith
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Posted - 2007.01.11 11:45:00 -
[5]
 Originally by: The Socialworker
I would say working such small margins is strickly for experienced traders with a huge isk stack sitting in their wallet that they don't know what to do with. Look harder for bigger profit margins, and use buy orders to buy rather than trying to buy of other traders/manufacturers sell orders, because off course they want to maxinise their own profits.
I se your point, but the problem that i se with buy orders is the risk of overstocking things. If i place buy orders in Rens i might end up with a lose if the price changes in the time that my order is filling. Sure i could monitor the market but the risk is still there and it is big imo.
Sure i could set up alot alot of scam orders (t2 cap recharger 200k isk) and hope that i¦ll get something. But that is not very likely and not mutch isk per day.
So, to be able to use my plane i would need billions of isk to spend on things. 600Mil wont be enough to make a profit that is worth the job?
It is really hard to get a foot in trading... I have spent hours, days looking at the market in diffrent hubs and i dont se profit that is bigger than 100-500k per module often. Almost all t1 stuff is really close to production price and t2 modules is actually very balanced between the hubs.
A small man like me that only have a wallet of 600mil and a freighter will have a hard time to earn 100mil a week or even 50mil a week.
I dont know where to start and now i am starting to think that i should give up all this.
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Dr Slurm
General Commodities
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Posted - 2007.01.11 11:53:00 -
[6]
Buy a smaller hauler. Do trades in the range of 1-10mil total to start. After you get the hang of those, go ahead and get a little bigger.
Seems lame and pales in the comparison to the 600mil in your wallet, not to mention the cost of your freighter just sitting in a hanger, but beats dropping all your ISK in something it tanking and you loosing 200mil.
You should also never tie up more then 30-50% of your capital at any one time.
Check out the Market History OCR Project here |
Lina Smith
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Posted - 2007.01.11 12:01:00 -
[7]
Originally by: Sainsburys
Edited by: Sainsburys on 11/01/2007 11:36:40
Edited by: Sainsburys on 11/01/2007 11:35:45
Hi Lina
You're right that it requires a lot of isk to see big profits and also a lot of time invested too.
First thing I would do is sell your Freighter to free up wasted isk - your present wallet isn't going to fill an Exequror, let alone a freigher.
You need to pick HIGH DEMAND modules to realise the amount of sales that you think you'll make. There are many more people doing this now and margins can get tight fast.
Stay away from Cap 2s.
Jita is not necessarily the best place to look for bargains. There are actually better hubs than Jita in value terms - use the map to scout them out.
Train up your trade skills, learn what they do and how you can use them to your advantage; like setting region wide buy orders for ships, and selling them again without undocking - marvelous way to make money.
Underestimate the sales and the profit rather than overestimate it to give you a truer idea of the competition that's out there.
Do not be put off by competitors; make a loss on a few million (or 100 million) of module sales if you think in the longer term your market is worth fighting for.
Mail this character in game later if you want.
In answer to your questions:-
Drones - no, profit margins I find are utterly rubbish.
T2 Weapons - There are some good ones to go for.....
Weapon upgrades - some are good, others you will lose money on.
Hardners - yes, profitable, likewise some T2 AB/MWD
Thanks for your answer.
I dont have the possebility to sell my freighter as i need id for corps job (Corp jobs dont get my any isk but i need to do it for my friends and my corp).
So i have 600mil to work with, nothing more.
Ok pick high demand modules... What pop¦s into my head now is things that lot of people uses all the time. Ammo and pvp modules.
Ammo and pvp modules
I could buy ammo and sell it in mission hubs. But it would have to be in huge amounts to make any profit 160 isk * 100000 ammo units = 16mil selling them for 200 isk * 100000 ammo units = 20mil so a profit of 4mil. Buy more than 100k ammo units at a time, not worth it i would think becouse of the time it takes to sell 100k units and the risk that prices changes. Set up ammo orders in many many mission hubs could be an option. 4mil * 4 hubs = 16mil profit. But it would be alot of more work so the question as always... is it worth it?
Pvp modules then... you said that drones is nto very good and i belive you on that. So we have weapons, hardeners, weapon upgrades and ab/mwd/repairer/boosters. Becouse of my sieze of the wallet i think i would earn more by sticking to small/medium weapons, boosters etc. T2 hardeners is a bit to high in price for my wallet so back to named and t1 stuff at that area.
Well i think need to get back home and start looking (again) at the market. In theory this all sounds so easy and so wonderful. But finding something that i can make more than 500k profit is so hard.
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Lina Smith
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Posted - 2007.01.11 12:11:00 -
[8]
Originally by: Dr Slurm
Buy a smaller hauler. Do trades in the range of 1-10mil total to start. After you get the hang of those, go ahead and get a little bigger.
Seems lame and pales in the comparison to the 600mil in your wallet, not to mention the cost of your freighter just sitting in a hanger, but beats dropping all your ISK in something it tanking and you loosing 200mil.
You should also never tie up more then 30-50% of your capital at any one time.
Yes if i could start with just spending 10-20mil at a time it would be greate. But i have done that... I did some small scale trading with modules between Jita and Nourvakien (spelling). I did buy a few drones, af/mwd and ammo (all t2 except ammo) and then made a small profit by it... But my problem with that trade rout was that it took almost 2 weeks to sell of the stuff so i did not do it often.
Maybe i should take up this again but do it between some other hubs. buy 10 1mil isk modules and sell them for 1.5 mil (hopefully) that would give me 5mil in profit. And hopefully it will not take 2 weeks to earn 5mil 
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Lina Smith
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Posted - 2007.01.11 12:11:00 -
[9]
Edited by: Lina Smith on 11/01/2007 12:13:35
Originally by: Dr Slurm
Buy a smaller hauler. Do trades in the range of 1-10mil total to start. After you get the hang of those, go ahead and get a little bigger.
Seems lame and pales in the comparison to the 600mil in your wallet, not to mention the cost of your freighter just sitting in a hanger, but beats dropping all your ISK in something it tanking and you loosing 200mil.
You should also never tie up more then 30-50% of your capital at any one time.
Yes if i could start with just spending 10-20mil at a time it would be greate. But i have done that... I did some small scale trading with modules between Jita and Nourvakien (spelling). I did buy a few drones, af/mwd and ammo (all t2 except ammo) and then made a small profit by it... But my problem with that trade rout was that it took almost 2 weeks to sell of the stuff so i did not do it often.
Maybe i should take up this again but do it between some other hubs. buy 10 1mil isk modules and sell them for 1.5 mil (hopefully) that would give me 5mil in profit. And hopefully it will not take 2 weeks to earn 5mil
But just ading one 0 (zero) to eatch number would give me the profit i am looking for. By 100 1mil isk modules and sell them for 1.5mil and get a me a 50mil profit. And that could actually be good as a start profit every 2 weeks. But hey that will never work ofcourse. I will never find 10 modules and buy 10 of eatch that give me a 500k isk profit. I have spent time looking fore them but i really hope that i have missed them badly.
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Clytamar
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Posted - 2007.01.11 12:16:00 -
[10]
There are plenty of items out there that will yield you
very lucrative profits, indeed. I do not understand
this 500k figure at all  And you do not even have to
do trading in more than one region, although it helps.
I stopped NPC trading when I had 200M and never looked back.
My profits skyrocketed immediately  In retroperpect,
I should have started at 20M.
Anyways, it is possible to earn quite handsome sums per day with that 600MISK
without too much hassle. Just don't be afraid of high value items!
DG
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Clytamar
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Posted - 2007.01.11 12:16:00 -
[11]
Edited by: Clytamar on 11/01/2007 12:13:07
There are plenty of items out there that will yield you
very lucrative profits, indeed. I do not understand
this 500k figure at all And you do not even have to do trading in more than one region, although it helps.
I stopped NPC trading when I had 200M and never looked back.
My profits skyrocketed immediately In retrospect, I should have started at 20M.
Anyways, it is possible to earn quite handsome sums per day with that 600MISK
without too much hassle. Just don't be afraid of high value items!
DG
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Lina Smith
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Posted - 2007.01.11 12:20:00 -
[12]
Originally by: Clytamar
Edited by: Clytamar on 11/01/2007 12:13:07
There are plenty of items out there that will yield you
very lucrative profits, indeed. I do not understand
this 500k figure at all And you do not even have to do trading in more than one region, although it helps.
I stopped NPC trading when I had 200M and never looked back.
My profits skyrocketed immediately In retrospect, I should have started at 20M.
Anyways, it is possible to earn quite handsome sums per day with that 600MISK
without too much hassle. Just don't be afraid of high value items!
DG
Some says that i should not go for high value modules as it dont give so good profit and my wallet is to small for it...
But it seems that i have been overlooking something and i have missed the possebility to make a 500k profit per unit. If i find 10 diffrent things like that i will buy 10 of eatch and get me a 50mil profit, and just used 100mil of my 600mil.
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Sainsburys
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Posted - 2007.01.11 12:31:00 -
[13]
Park up the freighter, buy a cruiser, nano/agility stabiliser/Expanded Cargo fit it. Gall cruiser = Exequror, Caldari = The mining thingy one, the other races I don't know.
Take 130 mill, buy 10 x Cargo expander IIs, Identify somewhere where they are selling for 160 mill, set sell order.
Likewise Hardners, or EANM IIs, Spend 400mil of your 600, saving you 200 if it all goes wrong. I'll buy your unused stock off you!!
Armour reps are good too; I make 1.1mil on mine (sometimes a lot less when bloodying a competitors nose, or even a loss)
MONITOR the sell order. This is utterly key.
Buy order setting is easy - you set for about 10-15% under market price and set for small amounts. You train Margin Trading up so that the full cost of the order does not go into escrow.
If you do not take the measured risk when you do this you will give up; seriously, you either go into this 100% or you find something easier to do.
I'd sell the freighter then buy another at the end of a few days. I think last week I made 600 mill off the back of a 2 bn T2 investment - planned and strategised.
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Dr Slurm
General Commodities
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Posted - 2007.01.11 13:55:00 -
[14]
Originally by: Lina Smith
Edited by: Lina Smith on 11/01/2007 12:13:35
Originally by: Dr Slurm
Buy a smaller hauler. Do trades in the range of 1-10mil total to start. After you get the hang of those, go ahead and get a little bigger.
Seems lame and pales in the comparison to the 600mil in your wallet, not to mention the cost of your freighter just sitting in a hanger, but beats dropping all your ISK in something it tanking and you loosing 200mil.
You should also never tie up more then 30-50% of your capital at any one time.
Yes if i could start with just spending 10-20mil at a time it would be greate. But i have done that... I did some small scale trading with modules between Jita and Nourvakien (spelling). I did buy a few drones, af/mwd and ammo (all t2 except ammo) and then made a small profit by it... But my problem with that trade rout was that it took almost 2 weeks to sell of the stuff so i did not do it often.
Maybe i should take up this again but do it between some other hubs. buy 10 1mil isk modules and sell them for 1.5 mil (hopefully) that would give me 5mil in profit. And hopefully it will not take 2 weeks to earn 5mil
But just ading one 0 (zero) to eatch number would give me the profit i am looking for. By 100 1mil isk modules and sell them for 1.5mil and get a me a 50mil profit. And that could actually be good as a start profit every 2 weeks. But hey that will never work ofcourse. I will never find 10 modules and buy 10 of eatch that give me a 500k isk profit. I have spent time looking fore them but i really hope that i have missed them badly.
I think you are setting really high expectations for your profit margins. The idea is you setup multiple orders staggered over time. Then you have continuous income from your orders. Then you just need to keep them going.
I really laugh at the idea that you think you deserve 5mill for moving modules to another region. If the market will bare it, sure , fine and dandy, but it won't. A reasonable markup on that might be 100k per item. If people buy for that price, raise it the next time you do the trade.
Check out the Market History OCR Project here |
Sammiel
Ars Caelestis
Imperium Alliance
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Posted - 2007.01.11 14:48:00 -
[15]
You are also putting too great an emphases on margins. If you can move 100 units with a margin of 100k, that is better than 5 units at 1m. If you aren't doing region wide buy orders, you should be concerned with the (margin * the sales per unit of time). Region wide buy orders get trickier since you need to haul all the stuff that is bought.
DEATHLEY > why dont u remain silent like prominent alliances like our band of brothers do |
Lina Smith
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Posted - 2007.01.11 15:20:00 -
[16]
yes i think i am setting way to high profit in this.
I did actually think that i should be able to just start making isk right away without not to mutch job before.
I tryed again and did not find a singel module that was worth trading with imo. But then i was looking for profits more than 100k. And with the wallet i have now i wont reatch the weekly income that i want by just trading with the small profit between hubs.
I really need to fins some way to get my wallet to grow and as it looks now i wont be trading. But trading is the only option i have left so i will probably try a few times more.
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Sainsburys
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Posted - 2007.01.11 15:47:00 -
[17]
give me your 600 million for a week.
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Lee Walker
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Posted - 2007.01.11 15:50:00 -
[18]
Originally by: Clytamar
I stopped NPC trading when I had 200M and never looked back.
My profits skyrocketed immediately In retrospect, I should have started at 20M.
I think this statement requires clarification. NPC trading is awesome if you want the very easy AFK isk. Hisec NPC trading is hands down the easiest way to make isk unattended other than resorting to macro mining or some such.
I can spend a few minutes looking for "the usual suspects" when it comes to trade goods, then fill up my ship, set it on autopilot, and come back half an hour later to dock with the destination station for a 4mil profit which required no buy orders, no sell orders, no attendance.
Yes, profits and earings per time unit are higher in module trades, but the downside is that you actually have to put in time to make your isk grow.
When I come home from work I run a few of those NPC routes while I do other stuff around the house, and at the end of the evening I am going home with 20mil and less than 30 minutes of time invested. Technically that would be 40mil/hour then, some NPC ratters earn more, good miners earn more for sure, and good traders earn more than that as well, but all of them have to attend their computer almost 100% of the time, while I don't. That's where NPC trading comes in handy.
In the end the question is not how much isk one can earn doing this or that, the question is what is one's real life time worth?
Lee Walker speaks out as to what really happened to EVE-Trader.net |
Dagam
Dagam Corp
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Posted - 2007.01.11 16:14:00 -
[19]
Diversify! A buy order of 100 of one unit will not fill out as fast as 100 buy orders of 1. Perhaps you need more max orders. I have around 150 max orders and never have any free. Trade named modules to hubs that seem not to have much intake of mission runners or ratters. Gelfiven, Molten Heath seems pretty good, I use another but if I didn't use it, I'd sell at Gelfiven. It's a high population system in a region with lots of low sec, so I doubt there is much influx of modules from ratting. Missions, maybe. Think about what rats in the region drop. It's in a Minmatar region with Angels right? Angels drop lots of propulsion modules, webs, projectiles, sometimes missiles. Think about what the average pilot in Gelfiven. Majority of them would fly Minmatar. Try running armor modules as I don't think Angels drop too many of those. Named armor plates, named armor hardeners, maybe named armor reps (although T2 rep has low reqs). Try running named nosferatus and electrochemical cap injectors. You might have luck trading shield mods. Skillbooks might be nice too, but don't expect them to sell very quickly.
This is the thought process I go through when I trade, and I make a couple billion per month this way.
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Pang Grohl
Gallente
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Posted - 2007.01.11 22:17:00 -
[20]
The most important thing I can suggest is that volume is king when it comes to trading. The faster you sell items the faster you can get your money re-invested.
As a reseller, you will have a hard time find 100k isk per unit margins on anything smaller than a cruiser. Rather than look at profits per unit, I look at profit per m3 when considering the value of moving something myself.
The closest you can get to risk free trading is NPC trade goods, but the turn over time on those is very long.
Si non adjuvas, noces
(If you're not helping, you're hurting) |
Lina Smith
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Posted - 2007.01.11 23:05:00 -
[21]
I have now invested 300mil in diffrent t2/named modules
I have all set on a profit of 200k+ per unit and i am still the lowest order in the hub.
But ofc everything isent perfect... Selling going slow and after 6 hours up i havent sold anything. But hopefully the weekend will give me some action on them.
About NPC trading... is it 100% NPC trading... I buy ex. construction blocks at one hub and then NPC have buy orders so i can sell my things at another hub for a better price? Or do i still need to set up sell orders and hope that players decide to buy it?
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Nimie
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Posted - 2007.01.11 23:53:00 -
[22]
i haven't read most of this, but for npc goods, the answer is both. you can sell it to npc and to other players. for instance, you can sell super conductors to jita for 1.5k ea while buying them for 1k ea. if you sold to npc in jita, you'll only get 1k. npc goods is really only good for new players(like 100m<) since the profit margins on them can be pretty good, but after that, the weight and how spread out goods are is too much to be worth dealing with.
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Pang Grohl
Gallente
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Posted - 2007.01.12 00:48:00 -
[23]
Originally by: Nimie
i haven't read most of this, but for npc goods, the answer is both. you can sell it to npc and to other players. for instance, you can sell super conductors to jita for 1.5k ea while buying them for 1k ea. if you sold to npc in jita, you'll only get 1k. npc goods is really only good for new players(like 100m<) since the profit margins on them can be pretty good, but after that, the weight and how spread out goods are is too much to be worth dealing with.
To expand on this some. Certain NPC goods are used as POS and Outpost fuel, and can be very lucrative in the right markets.
Si non adjuvas, noces
(If you're not helping, you're hurting) |
Lina Smith
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Posted - 2007.01.12 05:58:00 -
[24]
A This was not very nice... still havent sold a singel thing of my orders... and ofcourse right after i changed the price to the lowest in sys someone els is there to change there price under me... soon i wont be able to go any lower if i want to atleast go +-0 on this one.
Before i look at NPC trading i have to clean my orders and be sure that i atleast got back my isk that i spent on all this stuff.
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Sainsburys
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Posted - 2007.01.12 08:44:00 -
[25]
Edited by: Sainsburys on 12/01/2007 08:42:40
Lina Lina Lina
What to do with you?
Make sure your sell orders are for no more than the daily number of items that sell there in the hub you're trading in. Use the market history tab to check these figures.
If you're trading in any of my hubs, i'll slaughter your prices - it really is a very cutthroat business because the rewards can be so great.
You must accept calculated loss as well as incredible profit.
Make sure you pick the right modules - just because there's a 200k price diference at one time of day between two regions does not mean:
a) that it will still be 200k, 1, 2, 10, or 24 hours later.
b) that the item will sell with 200k of profit on it.
c) no one else has seen this, noticed it and is shipping modules there right now to capitalise on it.
You really should give your money to someone who can do this as I don't think sadly that you have the "edge" needed to trade in this very aggressive way.
I call it PvM - Player versus Marketplace - it's a very competitive type of PvP, which I sadly, rather enjoy.
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MrTriggerHappy
Caldari
Interstellar eXodus
R0ADKILL
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Posted - 2007.01.12 12:21:00 -
[26]
Ok.. i'm going to give you guys the mother of all secrets to massive profit!
Set your freighters/massive indy's AP to AGIL!
For those of you who have ever visited the lonley concord station in Agil, you will know the market leaves somewhat a gap where a monopolistic person could successfully clean up, but why you may ask:
1. Agil is a few jumps away from 0.0, HED-6P or GP cant remember off hand is a major place for camps.. many a ship lost there.. so PvP'ers always need new ships and fittings!
2. EVERYTHING in Agil is marked up to such an extortionate rate.. you practically need to remortgage your house to fit a ship decently, leaving room for people (such as yourselfs) to clean up, by buying cheap and selling for a moderate price
3. Its like 24 jumps from Jita, if thats your main trade hub... fill the freighter and set course, sell everything for a bit more than you bought it/built it and profit assured.
My final bit of advice though.. before doing so.. check agil.. i've not been there for a while, so someone else might of flooded the market if not.. its all good and sell sell sell!
Oh and you may ask.. why didnt I do it? I'm a PvP'er and I dont own a freighter 
My Comments in no way reflect my corp or alliance |
Lina Smith
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Posted - 2007.01.12 12:45:00 -
[27]
Originally by: Sainsburys
Edited by: Sainsburys on 12/01/2007 08:42:40
Lina Lina Lina
What to do with you?
Make sure your sell orders are for no more than the daily number of items that sell there in the hub you're trading in. Use the market history tab to check these figures.
If you're trading in any of my hubs, i'll slaughter your prices - it really is a very cutthroat business because the rewards can be so great.
You must accept calculated loss as well as incredible profit.
Make sure you pick the right modules - just because there's a 200k price diference at one time of day between two regions does not mean:
a) that it will still be 200k, 1, 2, 10, or 24 hours later.
b) that the item will sell with 200k of profit on it.
c) no one else has seen this, noticed it and is shipping modules there right now to capitalise on it.
You really should give your money to someone who can do this as I don't think sadly that you have the "edge" needed to trade in this very aggressive way.
I call it PvM - Player versus Marketplace - it's a very competitive type of PvP, which I sadly, rather enjoy.
I think you are 100% right, i dont do this very well. I think wrong, i look at it wrong... But i still want to make it to wark becouse it feels like something i want to learn.
Just to make one thing clear... When i logg on my alts in diffrent hubs and start comparing prices i open the makret window and then search for the module.
I se the sell and buy price. Lets say i took a 100mn Microwarpdrive. I sort the prices so i se the lowest price in both hubs. I can now se that i can buy the module for 200k less in hub A than i can in hub B. I now think "whoo 200k profit" so i buy in hub A and move it to hub B and set up a buy order. All this is simple but it does not work if noone buy the module.
What i think i have forgot to think about is to insteed of looking at the sell and buy order tab in market i should almost only look at the price history, am i right?
If the price history over the last 5 days tells me that the module have been sold for 1mil in hub A and it have been sold for 900k in hub B noone will buy my module for 1.2mil even if there is other sell orders at that level in that hub. Am i right now??
Hope you understod what i mean... Am i on the right way... Should i use price history more?
What i tryed to say is that the orders that are up on market does not show what ppl are buying the module for. The price history shows what ppl are buying the module for. Insteed of comparing sale orders i should compare price history or maybe sale orders vs price history?
Really hope that i am on the right way here...
Just to hope that i get back my isk frome may last silly misstake.
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Sainsburys
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Posted - 2007.01.12 20:15:00 -
[28]
Yep - you're getting there Lina
The Market history tab that shows the high and low prices in a table, with the number of modules sold are the key pieces of data that you want.
Good luck!
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Shadarle
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Posted - 2007.01.12 20:34:00 -
[29]
Heh... if you want to get into module trading you better be willing to risk massive amounts of ISK. There is no "safe" way to make hundreds of millions obviously or everyone would do it.
I started with less than 100 mill isk and now have billions that I can't even find a use for other than to sit in my wallet. I figured it all out on my own... and thats why it works so well. If you follow advice from forum posts you will never reach the max profit. Why? Because the best methods are all kept secret.
I can tell you that no one has ever posted anything close to the way I trade and I've read a ton of these types of posts. I know others do the same thing I do, but we all seem to keep it a secret.
Agreeing with a post someone else made. If you try to open up shop in a region that I'm in... I feel sorry for you. You're going to have a hell of a hard road in front of ya. Unfortunately it seems almost every region has a few people in it. I know my profits jump/fall depending on how many people try to start trading in my regions. Eventually most seem to just quit and realize it's too much work.
If you want to trade you better realize to do it well it requires more time/attention than mission running or even PvP. You could call it Trade PvP if you like. It requires non stop price checks all day long to maximize profits.
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Posted - 2007.01.12 21:51:00 -
[30]
I will also point out that you're much better off placing a buy order in the cheaper system and a sell order in the target system. You seem to be buying off of sell orders, based on your description of your current system; there's no reason not to get the goods cheaper if you can.
MP
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