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Author |
Thread Statistics | Show CCP posts - 1 post(s) |
Azura Oramara
Deep Core Mining Inc. Caldari State
0
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Posted - 2017.03.23 15:21:25 -
[1] - Quote
So I got 1b to trade, but I have issues with turning over orders. Mainly focusing on T2 and faction items. In the entire day I may have only bought 3 or 4 items and made about 10m which is nothing with my capital. But the orders are just sitting there... I update them fairly regularly as well but you cant compete against bot undercutters.
What am I doing wrong? im only trading about 6/7 items, should I be trading more like 30/40 items with that sort of capital if I want faster turnover?
Thanks for any tips in advance :) |
TheSmokingHertog
Julia's Interstellar Trade Emperium
467
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Posted - 2017.03.23 16:03:07 -
[2] - Quote
What is the time horizon you have set for your turnover based on isk?
If going for short time turnover, you need high faction standings and have to buy from offshore orders and then sell on the hub on a spot that is within daily volumes (see table) but still gives you a margin (don't 0.01 isk).
For long term turnover you just wait for market waves to eat your orders on the profit margin you are comfortable with.
"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X
"Schrödinger's Missile. I dig it." ~ Makari Aeron
-= "Brain in a Box on Singularity" - April 2015 =-
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Cista2
Caldari Provisions Caldari State
303
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Posted - 2017.03.23 17:37:29 -
[3] - Quote
10 million per day is 1% per day. If you compund that interest over a year you will have 50 bn.
You can thank me by giving me 10 bn when the year is done.
My channel: "Signatures"
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William Ormono
Regional Rat Control Ltd.
4
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Posted - 2017.03.23 19:55:31 -
[4] - Quote
1,000,000,000 in capital at 1% return per day will net 37,783,434,332.89 after a year. Still not a bad return, but you might want to think twice about affording that 10 billion ISK "thank you"
I, however, accept single Plex's as thanks |
Scialt
Universal Sanitation Corporation
66
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Posted - 2017.03.23 20:06:34 -
[5] - Quote
This reminds me of an interview I heard from a professional poker player once.
He said he would talk to people at the tables in Vegas and ask what they were hoping to make playing poker for a weekend visit to Vegas and they'd say things like "I'd be happy if I just doubled my money." He then talked about how if they make 15% A YEAR in a stock investment they'd consider themselves geniuses... but they wanted to make 100% in two nights in Vegas.
Making 1-2% a day is pretty solid as others have pointed out. |
Peta Chieve
White Partyhat Trading Company Hld.
2
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Posted - 2017.03.24 06:03:33 -
[6] - Quote
Pay attention to the volume of an item, if it's volume is low, you're likely to not move much. Even if the margin is low, so long as you keep the items turning over, you're at the very least, not wasting your time. I would suggest finding an item with decent volumes and very few buy and sell orders. Bots can be a pain, and when e become suspicions of a bot i usually just liquidate and move on. Always remember that you can manipulate the buy orders to your advantage aswell, say an items sell price is crashing fast and you just can't maintain the top bid, start trying to run the buy orders up and then sell into buy orders, so long as you are profiting, regardless of how small or slowly, you are moving forward with it and learning more about the market.
Proud CEO of White Partyhat Trading Company
To contact us, feel free to join our discord: White Partyhat Trading Company
We hope you have a profitable day
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Lord Harrowmont
Quantum Decoherence
25
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Posted - 2017.03.27 07:37:50 -
[7] - Quote
Azura Oramara wrote:So I got 1b to trade, but I have issues with turning over orders. Mainly focusing on T2 and faction items. In the entire day I may have only bought 3 or 4 items and made about 10m which is nothing with my capital. But the orders are just sitting there... I update them fairly regularly as well but you cant compete against bot undercutters.
What am I doing wrong? im only trading about 6/7 items, should I be trading more like 30/40 items with that sort of capital if I want faster turnover?
Thanks for any tips in advance :)
Invest your capital in items with higher trade volumes. You can view this by going to Price History in the Market tab. Then select Show Table. This should give you a good idea on how viable it is. |
YeuxVerts Belle
Catastrophic Operations The Bastion
56
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Posted - 2017.03.30 07:37:17 -
[8] - Quote
As others have said, 10M per day isn't bad. It can be better, but it's not bad.
Azura Oramara wrote:Mainly focusing on T2 and faction items
I think your key problem is here. You'll typically make money by buying low and selling high, and this happens more often when you buy from people who sell items they don't know the value of. T2 items are rarely such items. Those using them are usually aware of their value.
The above message presents my opinions on the topic at hand. If there is a conflict between my views and reality, consider reality to be correct until proven otherwise.
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Azura Oramara
Deep Core Mining Inc. Caldari State
0
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Posted - 2017.03.30 11:27:47 -
[9] - Quote
Thanks for all the advice. Now I'm making more like 30m a day, by diversifying over different types of items and also using eve mogul for profit tracking. On my way to 10b in a few months! |
Rhivre
TarNec Invisible Exchequer
947
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Posted - 2017.03.30 18:23:07 -
[10] - Quote
YeuxVerts Belle wrote:As others have said, 10M per day isn't bad. It can be better, but it's not bad. Azura Oramara wrote:Mainly focusing on T2 and faction items I think your key problem is here. You'll typically make money by buying low and selling high, and this happens more often when you buy from people who sell items they don't know the value of. T2 items are rarely such items. Those using them are usually aware of their value.
T2 items are very tradeable, and provided you select ones with a good volume, then you have no problem trading them day to day.
Faction items are more tricky, because FOTM depends on what CCP are up to at the moment, as well as what fits are being recommended and what areas of space are seeing a lot of activity. People will buy any faction item, but, some are much more used than others.
Fluffy Bunny Pic!
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Azura Oramara
Deep Core Mining Inc. Caldari State
0
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Posted - 2017.04.01 01:24:19 -
[11] - Quote
Im up to around 35m a day now with limited effort, I feel like I could move up my order amount and spend more time updating orders but sooo boring. Made a decent amount off swing trading for a couple of items. Im currently investing in T2 items, faction/deadspace and implants. any other suggestions such as ships, rigs, materials for my level of capital (~1.3b) ? I tried some T2/faction drones but they are moving very slowly.
Thanks! |
The Fukuzawa
New Eden Trade Group
43
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Posted - 2017.04.05 02:20:37 -
[12] - Quote
Azura Oramara wrote:Im up to around 35m a day now with limited effort, I feel like I could move up my order amount and spend more time updating orders but sooo boring. Made a decent amount off swing trading for a couple of items. Im currently investing in T2 items, faction/deadspace and implants. any other suggestions such as ships, rigs, materials for my level of capital (~1.3b) ? I tried some T2/faction drones but they are moving very slowly.
Thanks!
To uncover the limited effort opportunities you have to exercise trial and error, start trying new things. Continue with the profitable strategies, cut out the not so profitable ones.
Throw **** at the wall see what sticks
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
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