| Pages: [1] :: one page |
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
ToranagaSama
   |
Posted - 2007.04.14 01:02:00 -
[1]
It cost 11 million isk plus. That's about a third of my present bank.
Is it worth the cost for active Traders?
I adjust prices at least twice a day. Presently, I sell in two systems within 2 jumps of each other. I'd like to sell in more systems (if I can manage to increase my max orders that is). Eventually, I plan to move out to 0.0.
In any event, it would be real convenient NOT to have to travel from system to system just to adjust prices; but I'm not sure the convenience is worth 11 million isk.
Thoughts? The main question is, does it help you to make more isk?! Or, make isk faster, which translates into more isk. Or, simply will I save time?
How do you all use this skill?
Thanks in advance!
|
Ungrim Redmane
|
Posted - 2007.04.14 02:04:00 -
[2]
Try paying 60mil+ for a specific connections book...you won't complain about 11mil books again.
|
Konquera McCall
|
Posted - 2007.04.14 02:15:00 -
[3]
 Originally by: ToranagaSama
It cost 11 million isk plus. That's about a third of my present bank.
Is it worth the cost for active Traders?
Yes. In my opinion anything that saves real life time and makes game play more convenient is worth a wad of ISK. No need to rush in, though, if it's a substantial chunk of your cash.
It's definitely saved me some time and has increased my cash flow by allowing modifications of my orders w/o all the flying about. And as an explorer, it's convenient to be able to modify orders when floating around in space waiting for the probe analysis to end.
|
Salpad
|
Posted - 2007.04.14 06:53:00 -
[4]
Originally by: ToranagaSama
It cost 11 million isk plus. That's about a third of my present bank.
Is it worth the cost for active Traders?
I haven't bought that skill yet, but it is on my to-buy-and-learn list.
As for you, I think it may be too early for you to buy it, if you only have 30M-35M ISK. Earn some more money first. If you're on the same biz as I am, more or less, then you'll want to maintain a lot of liquid assets that you can invest in "buy orders".
Blowing 30%-35% of your liquid assets on a nifty skill is a mistake. Keep earning steadily, until you have something like 60M to 75M ISK. Then you can buy the skill.
As for adjusting prices, get yourself a Shuttle (Caldiri Shuttles are the best, of course) and zoom around. As long as it is high-sec only (0.5 and higher) it is perfectly safe.
Salpad the Trader |
Vikram Dasari
Gallente
University of Caille
|
Posted - 2007.04.14 08:53:00 -
[5]
Daytrading is definitely worth it for active traders, since it saves you a lot of time and trouble, especially when you are expanding and selling your goods across different regions.
Personally, I could not imagine getting by without it any more. Daytrading makes it very easy to adjust my prices in different regions without having to make long trips to the market hubs in each, I can simply stay in systems near the regional border and change prices everywhere with only a handful of jumps required. It gives you a definite edge, especially in contested markets.
A different question, of course, is whether it is worth it, to you, at this point. As a trader, you need money to make money, and using those 11 million isk to acquire more goods to trade may actually help you more in the short run.
So, basically, it comes down to whether you have the 11 million to spare for the convenience without cutting into your business. If you do, then you won't regret buying the skill.
|
Iria Ahrens
|
Posted - 2007.04.18 03:08:00 -
[6]
Edited by: Iria Ahrens on 18/04/2007 03:09:10
Well, speaking as another person with similar capital. I'd say not yet.
There are two things to consider. Profit per item and profit per unit of time.
At my current state in the game, I find the opportunity cost of puttting up any buy or sell order too great unless I'm logging off. I keep 2/3 of my capital available for moving inventory. I'd much rather make 5 trades worth 5m each, than make 1 trade and put up a sell order for 10m and adjust it repeatedly. Especially, when it doesn't really work out to 5 trades of 5m each, it usually works out to 1 trade for 5m, one trade for 7m, one trade for 10m, one trade for 12m, and one trade for 12m.
At some point, I will have more capital than I can invest in moving stock, at that point daytrading will be awesome. For now, the only time I put an order up is when I arrive at my destination station right before logging off. Then I'll price match someone else's sell order and log off to maximize my profits for that particular trade.
Until I reach that point, It pays better per unit of time to avoid buy and sell orders entirely. Maximizing profits per trade is a waste of resources when available capital is so low.
In my opinion of course.
|
Rosalina Sarinna
KHM Corporation
|
Posted - 2007.04.18 12:21:00 -
[7]
Its a wonderful skill... but personally, I did'nt buy it until I had over 100m in my wallet.
|
Rathyn Mercer
|
Posted - 2007.04.18 12:43:00 -
[8]
As a trader I ask myself.. How old is your character and what are you selling? becuase to have a total bank of only like 30-35 mill is small IMO. All of the trading skills are worth it when you really look into them, they are all designed to do different things. I think that daytrading, and the one allowing you to lower the amount of ISK you put into escrow are the number 3-4 imortant ones. Right next to the ones that lower your brokers fee and tax rate.. the less it costs you to do business the more you make. I recommend buying it taking the hit to your pocket now it will help in the long run.
and as a note If your solly a trader you really need to look into an alt profession.(ie. Manufacturing, Exploration, science, Mining)
|
Maxpie
Split Infinity
|
Posted - 2007.04.18 21:51:00 -
[9]
Personally, I do not have this skill, nor will I get it atm and I almost always have 125 orders pending. But I rarely need to modify my orders. I do remotely set up the orders, so I'm rarely in the system where I sell and I do recommend that skill (forget which one it is).
I guess you might need this skill if you have a need to modify frequently, maybe if you are a mineral trader or something, but for me I rarely have a need to modify. Also, remember that if you really need to, you can cancel the order and then place it again (you end up paying taxes again though, but if 11 mil is one third of your isk, you probably are not setting up extremely costly orders anyway).
He put... creatures... in our bodies... to control our minds. He made us... say lies... do things. |
Pralay
Gallente
|
Posted - 2007.04.19 02:50:00 -
[10]
yes
Pralay |
Edsel
Dominus Nihil Development
|
Posted - 2007.04.19 03:14:00 -
[11]
try buying soverignty, that one hurt.
|
Zulana Chas
|
Posted - 2007.04.30 20:23:00 -
[12]
Edited by: Zulana Chas on 30/04/2007 20:22:25
Actually , early on its not just a money issue , its a time issue. If this is a dedicated trade character then its probably no big deal to take the time for day trading even at the cost. You can make so much in trades that the added convenience of changing your prices in a contested market can be make the time to train and the cost to buy the SP book more then worth it.
But if this is a Jack of All Trades Character ,, well its harder some times early on to justify the training of many skills.
FYI , at the moment I tend to run about 100 buy orders at any moment over 5 Regions.
|
JdJinator
|
Posted - 2007.05.01 10:44:00 -
[13]
I couldn't go without it, running 269 orders in one region,
needing to modify them all the time, good thing it brings
200-300 mill in my wallet daily. :)
*sig in construction* |
Teh Supah
Thorku
|
Posted - 2007.05.01 11:10:00 -
[14]
from my experience u will need all order number skills at 5 and all other trade skills at 4. It's just a matter of time and depends from how fast u will progress
|
Fitz VonHeise
United Connection's
|
Posted - 2007.05.01 19:06:00 -
[15]
Originally by: Zulana Chas
FYI , at the moment I tend to run about 100 buy orders at any moment over 5 Regions.
I thought this skill was only good for one region?
|
Ki Tarra
|
Posted - 2007.05.01 21:28:00 -
[16]
Originally by: Fitz VonHeise
Originally by: Zulana Chas
FYI , at the moment I tend to run about 100 buy orders at any moment over 5 Regions.
I thought this skill was only good for one region?
Yes, but if you only have to fly to the closest system in that region to update your orders, instead of flying all the way to the trade hub, you will quickly see the value of this skill.
Originally by: Jeffrey R. Holland
No misfortune is so bad that whining about it won't make it worse
|
Kazuo Ishiguro
|
Posted - 2007.05.01 21:47:00 -
[17]
It depends on your strategy; I prefer to operate part time, only from the largest few trade hubs in empire where turnover is highest, and there's usually just one of those per region. I clone jump between hubs every so often, but I don't use any of the remote order skills very much.
Having said that, the skill is definitely worth having if you intend to trade in 0.0; there's no telling how many poddings you'll save yourself.
------
Spreadsheets: Top speed calculation - Halo Implant tanking |
| |
|
| Pages: [1] :: one page |
| First page | Previous page | Next page | Last page |