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Vivianai
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Posted - 2007.09.21 00:40:00 -
[1]
So I am just starting out as a kind of casual trader. I just had a quick question as to the path others take. So far I have been trading items in the 50 to 100 mil range and noticed that as I make more money I tend to trader bigger and more expensive items that don't always have the same margins.
Now as a casual trader (I am a carebear mission runner primarily and started trading while setting up my ships) I don't want to have to check my orders 4 times daily to always be the .1 isk trader. Although I have no problem with that and see it as a form of PVP like any other.
Is it generally true that more money can be made buying and selling fewer larger items or am I missing the boat and really should be setting up huge (by my standards of course) buy orders for much smaller items, lets say named large hybrid turrets or some other item.
Kind of a wandering question I know, just trying to get some advice from the experts without moving in on anyone trade secrets and what not.
Thanks, Vivianai
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Galgorth
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Posted - 2007.09.21 01:46:00 -
[2]
The profits to be made from trading have dropped a lot in recent months. I'd recommend that people actually just do mission running, as it is far more profitable on an hourly basis than trading is.
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34534bobalt3244
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Posted - 2007.09.21 02:04:00 -
[3]
Trade what will give you the overall best margin. There is no universal answer. You can do a little of both as some high volume large margin "cheap" items are virtually untouched by any other traders because of this misconception that you also seem to have gotten from somewhere.
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Beefy McSlab
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Posted - 2007.09.21 05:38:00 -
[4]
The bigger the margin the more competition.
High value items are far more prone to the .01 isk thing as far as I have seen.
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Shadarle
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Posted - 2007.09.21 06:48:00 -
[5]
Edited by: Shadarle on 21/09/2007 06:49:41
Originally by: Galgorth The profits to be made from trading have dropped a lot in recent months. I'd recommend that people actually just do mission running, as it is far more profitable on an hourly basis than trading is.
And we can only hope you take this advice yourself as well.
There isn't a player in the game who can make as much running missions as I make per hour trading. I am quite certain of that.
But then again most traders probably are lucky to pull in 50 mil/day or so... so they would indeed make more running missions if they play a good while each day. It all depends how many hours you spend trading though.
To the OP. I'd say don't worry about per item margin, worry about total ISK you make per day. Whatever yields the best average isk per day is the best thing to trade. I personally like a mix of expensive items and mid level items, so I have a lot of items selling fairly often and some that sell a few times a week. It's a nice combo for me. But I have noticed I trade very differently than most people who post on these boards... so it may not carry over to the way you trade.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Ambo
2nd Outcasters
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Posted - 2007.09.21 08:21:00 -
[6]
Personally, I've found that mid-value items gave the best isk/hour.
I've primarilly traded in things from around 100k each to 20mil each because I wanted to avoid massive volume (i.e. freighters). The best margins are definately in the lower end of that at around 100k to 2 mil some items make as much as 600% profit. However, all my top isk/hour items were in the 2-10 mil each range and, as shardale says, this is the figure that's important, not the margin.
You say you go for items in the 50-100mil range, I'm guessing this is faction mods and other non-market stuff. I don't have any experience there so I don't know how it compares margin or profit/hour wise. I'm sure there is plenty of money to be made there though as well as in the very low profit/extreme volume band. It's all about finding what is right for you so I'd recommend experimenting a little to find your prefered area.
Good luck.
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Tailhook
Caldari
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Posted - 2007.09.21 09:33:00 -
[7]
Originally by: Vivianai So I am just starting out as a kind of casual trader. I just had a quick question as to the path others take. So far I have been trading items in the 50 to 100 mil range and noticed that as I make more money I tend to trader bigger and more expensive items that don't always have the same margins.
Now as a casual trader (I am a carebear mission runner primarily and started trading while setting up my ships) I don't want to have to check my orders 4 times daily to always be the .1 isk trader. Although I have no problem with that and see it as a form of PVP like any other.
Is it generally true that more money can be made buying and selling fewer larger items or am I missing the boat and really should be setting up huge (by my standards of course) buy orders for much smaller items, lets say named large hybrid turrets or some other item.
Kind of a wandering question I know, just trying to get some advice from the experts without moving in on anyone trade secrets and what not.
Bigger is always better, if we are talking your daily earnings :) but even this may not be completly true due to risk involved.
Study the markets, you need to know daily size, profit margins and how heavy the competition is.
If you see several order updates in a few minutes, that market is probably not for you, it will need a lot of muscle to conquer, you will have to sour the margins enough to force a significant number of traders to leave, otherwise your market share will stay at 0%, making every other aspect of it irrelevant. And peolpe moving in on Jita 4-4 really should pay attention to this.
The individual price of an item is not as important as the daily total turnover, people tend to pay more attention to higher priced items, so the competition is often tougher there. The really important question for you is wether you would earn more one way or the other, and only experimentation will be able to tell that.
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damalos
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Posted - 2007.09.21 11:06:00 -
[8]
I trade a mixture of low, mid and high priced items but the key is the isk you make per sale for me rather than the % profit, trading profits have reduced but i can still make over 200m in just under an hr and a half of trading, which i dont think you could come remotly close to in any other profession.
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.09.21 11:13:00 -
[9]
Theres a nice thread about doing the docked deals.
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Vivianai
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Posted - 2007.09.21 17:50:00 -
[10]
Wow, thanks for all the responses. I think it is time to branch out to some of the more mid price stuff, my volume is definitely pretty pathetic now and I could use a bit more inventory turn over. Looks like I just need to up my personal time investment and do more market research.
Thanks again for all the responses. This thread has helped dispell some of the mean old trader forum fear I had, sometimes I think that trading is way more serious PVP then just pew pewing.
Fly safe, and have big margins Viv
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