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Bouncer Ricdic
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Posted - 2008.01.16 15:20:00 -
[1]
In another thread a person came under fire as people believed it was impossible to earn 3b in 3 months. I decided to attempt a similar challenge for no other reason but to test myself.
Bouncer Ricdic is a few days old. He only has Trade 3 and refining level 4 (noob starter skills for a research toon). He will be training skills.
The Goal
To turn 5,000 isk into 1,000,000,000 isk over a 1 month period
The Rules
- Starting with a 5k wallet (not using the damage control)
- Only allowed to use player trades (not npc)
- Not allowed to scam
- Not allowed to accept loans or cash injections of any sort
- Full tracking through EMMA (Ambo's software)
- All trading done out of Jita
- No spaceship command skills to be trained
Why Bother?
To see if it can be done. Furthermore to see what next month brings in terms of if I reach my 1b goal, can I turn that into 5b the following month? 25b the month thereafter? We all know you need isk to make isk. We also know that there are certain points where it becomes far harder to double/triple your isk as your wallet hits the heights of the bell curve.
Will you allow shareholders?
No, I don't see any point. Allowing shareholders means injecting capital and defeating the purpose.
Why do we care?
Well if you don't care you shouldn't have opened this thread. It's a market experiment. I believe the market has tons of profit opportunities and want to take part from a noob's view.
You have been playing years so have an advantage!
Not necessarily. I am simply going through the market, finding high volume trades and working on them. At this point nothing (short of mental trading skills, economics 101 etc) is giving me an unfair advantage
Precisely 24 hours ago the project started. My next post will outline where I am at right now and where I expect to be this time tomorrow.
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Kirjava
Lothian Quay Industries
Zzz
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Posted - 2008.01.16 15:22:00 -
[2]
Will follow this with interest.
~Nyron
 Originally by: Minerva Vulcan
But poor victimized Ulf...I weep lavender scented tears for you.
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Giovanni F
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Posted - 2008.01.16 15:23:00 -
[3]
This is gonna be interesting. I wish you all the luck Ricky D
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Relyen
Caldari
Digital Fury Corporation
Digital Renegades
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Posted - 2008.01.16 15:28:00 -
[4]
Will be watching this thread as well. Looks to be very interesting :)
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Svanna Gulmi
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Posted - 2008.01.16 15:29:00 -
[5]
If you have the time you'll do it! Although it'll be getting above 4/5 mill that'll be the toughest i bet
I was making 100-150mill in about 2-4 hours per night at my best, but those opertunities have long gone now
I imagine there are ways of printing isk if you have enough to start with
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Astorothe
Aperture Science Industries
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Posted - 2008.01.16 15:29:00 -
[6]
Fun project - I don't mind saying that I'm sceptical it can be achieved - so will be interesting to watch.
Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2008.01.16 15:34:00 -
[7]
From 5k to 1 bil like somebody said, the greatest problem (taking longest) will be getting to 5-10 mil first.
I somehow doubt it's "doable" in 1 month, due to the sheer volume of full capital "resales" you need to be doing even if you could get a hefty margin constantly.
Would you be starting with 1 mil or even 5 mil, I'd say definetely doable. But 5k ? In one month ? I really doubt it.
1|2|3|4|5. |
Midas Man
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Posted - 2008.01.16 15:36:00 -
[8]
Very Very possible i would imagine, I transfered 10mil from my main to an alt a few months back and used it to see if you could make as much as people said in the forum's.
I wasn't trading in Jita or any of the other major trade hubs. I was trading in a mission hub with a little over 100 people in Local. After my first month i had a wallet of 300mil, 400mil in buy orders and a few hundred mill in stock. In fact most of my jita trading with this alt now is just to Clear excess stock from my main trade zone or to acuire stock that there is more demand for than i get through buy orders.
Good luck with this project but with your knowledge of EveMarket i'm sure no luck will be needed. Now should i move all my liquid funds to my Jita alt andtry to make thing a bit more challenging for you. hehe must aim for all items under 5k in value.
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Bouncer Ricdic
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Posted - 2008.01.16 15:36:00 -
[9]
24 hours later
Buy Orders
Orders Remaining: 2 out of 17 max open Orders<br>Total in Escrow: 147,698.71 ISK (additional -0.01 ISK to cover)<br>Base Broker Fee: 1.0% of order value<br>Transaction Tax: 1.0% of sales value
Sell Orders
4 orders currently in play, valued at 147,319.11
Assets on hand valued at 457,714.07
Current NAV : 752,731.89
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2008.01.16 15:40:00 -
[10]
Originally by: Bouncer Ricdic
24 hours later[...]
Current NAV : 752,731.89
Holy *bleep* !
1|2|3|4|5. |
Block Ukx
KDM Corp
Firmus Ixion
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Posted - 2008.01.16 15:42:00 -
[11]
Could you post details about how did you went from 5K to 1 Mil?
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Bouncer Ricdic
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Posted - 2008.01.16 15:45:00 -
[12]
Originally by: Block Ukx
Could you post details about how did you went from 5K to 1 Mil?
When I get there sure. But a lot of the items I am trading now are things I will keep trading for a while so I don't really want to give them up. I can do an export on EMMA if one or two people want a copy to see what I am doing
Basically just the old rule, of buy low (order) sell high (order). I have started moving into longer range orders as well with courier missions etc providing deliveries. I will try and get a report up from EMMA that can be publically listed.
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.16 15:49:00 -
[13]
Not looking for exacting details as to how you did it, but I am very interested in that export if you're willing to send me a copy. Reason I ask is because I have a nagging feeling that my complaining in the latest IPO thread might have had something to do with this business venture. As such I'm very interested to see how you did it. Contact me ingame and I'll provide an e-mail address that you can reach me at. |
Mtber
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Posted - 2008.01.16 15:50:00 -
[14]
Originally by: Bouncer Ricdic
In another thread a person came under fire as people believed it was impossible to earn 3b in 3 months. I decided to attempt a similar challenge for no other reason but to test myself.
Bouncer Ricdic is a few days old. He only has Trade 3 and refining level 4 (noob starter skills for a research toon). He will be training skills.
The Goal
To turn 5,000 isk into 1,000,000,000 isk over a 1 month period
The Rules
- Starting with a 5k wallet (not using the damage control)
- Only allowed to use player trades (not npc)
- Not allowed to scam
- Not allowed to accept loans or cash injections of any sort
- Full tracking through EMMA (Ambo's software)
- All trading done out of Jita
- No spaceship command skills to be trained
Why Bother?
To see if it can be done. Furthermore to see what next month brings in terms of if I reach my 1b goal, can I turn that into 5b the following month? 25b the month thereafter? We all know you need isk to make isk. We also know that there are certain points where it becomes far harder to double/triple your isk as your wallet hits the heights of the bell curve.
Will you allow shareholders?
No, I don't see any point. Allowing shareholders means injecting capital and defeating the purpose.
Why do we care?
Well if you don't care you shouldn't have opened this thread. It's a market experiment. I believe the market has tons of profit opportunities and want to take part from a noob's view.
You have been playing years so have an advantage!
Not necessarily. I am simply going through the market, finding high volume trades and working on them. At this point nothing (short of mental trading skills, economics 101 etc) is giving me an unfair advantage
Precisely 24 hours ago the project started. My next post will outline where I am at right now and where I expect to be this time tomorrow.
If you created a thoroughbred trading character you would start with 57 orders which would probably make your life a lot easier.
I'm probably doing much the same as you but ofc I started with 100m.
i still need a 1bill loan btw since i'm not engaged in any kind of experiment. 
I just want to get back to where I was before and venture into new territory as quickly as possible.
Good luck with your venture. I'm happy to say I'm not operating in Forge
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Bouncer Ricdic
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Posted - 2008.01.16 15:51:00 -
[15]
I prefer someone who isn't quite as noob as you to provide the report too. Non-noobs won't bother with these kinds of trades, they aren't worth the time. Actual noobs would just buy into all the things I am buying into
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.16 15:56:00 -
[16]
Originally by: Bouncer Ricdic
I prefer someone who isn't quite as noob as you to provide the report too. Non-noobs won't bother with these kinds of trades, they aren't worth the time. Actual noobs would just buy into all the things I am buying into
Isn't that kind of the point, though? :) So that us noobs can learn the basics on where to start for market trading? |
Bouncer Ricdic
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Posted - 2008.01.16 15:59:00 -
[17]
Edited by: Bouncer Ricdic on 16/01/2008 16:01:20
Originally by: Tobin Shalim
Isn't that kind of the point, though? :) So that us noobs can learn the basics on where to start for market trading?
Once the project is finished, or those items specifically aren't helping me achieve my goals you can have the lists of them. But if you start working with them now my profit margins drop and I risk missing my goal. If things go to plan I would like to be at 2m over the next 1-2 hours before bed.
Then tomorrow the aim will be to convert that to 10-15m.
edit: My problem at this point is that I have all my orders in use, training Retail Level 1 now. However the road to retail will be long with my Charisma 3 and Willpower 6 attributes. I have definetly disadvantaged myself coming into this project but it just makes the challenge more worthwhile. I gotta get taxes reduced a bit as well 
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Shuan Jedai
Eve University
Ivy League
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Posted - 2008.01.16 15:59:00 -
[18]
Interesting experiment.
One other dimension I'd like to see is how much "Real Time" is spent doing this. Would you care to track as well ?
I think it's much better compare the income of the project to hours worked than to calendar time. Would be interesting to see how the ISK/hr develops as capital grows. That said, impressive results already.
Oh, and I believe our gang passed you hovering on some low sec gate in a newbie ship yesterday =)
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Block Ukx
KDM Corp
Firmus Ixion
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Posted - 2008.01.16 16:03:00 -
[19]
I would like to see a report once you stop trading the items you are trading to reach the 1 Mil mark. I assume they are no use when going from 1B to 5 B. It should be a nice trading guide for new traders and would make this a useful thread.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Bouncer Ricdic
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Posted - 2008.01.16 16:04:00 -
[20]
Originally by: Shuan Jedai
Oh, and I believe our gang passed you hovering on some low sec gate in a newbie ship yesterday =)
Yeh, in terms of time I would put about 3 hours to the past 24 hours of dedicated trading time.
As for the above quoted thing, yeh I set autopilot and went off in my trusty Ibis forgetting that CCP have lowsec on by default for noob characters. In an effort to improve the new player experience one would think "hisec by default" would be wiser. Hell I am a seasoned vet and didn't realise.
Surprisingly whilst someone killed my empty ibis (replaced in station :)) no-one actually podded the toon. He was sat there in space in Tasti (0.3 iirc) for 3 hours in a pod and no-one killed it 
Anyway I have since fixed the autopilot
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.16 16:06:00 -
[21]
Originally by: Bouncer Ricdic
Edited by: Bouncer Ricdic on 16/01/2008 16:01:20
Once the project is finished, or those items specifically aren't helping me achieve my goals you can have the lists of them. But if you start working with them now my profit margins drop and I risk missing my goal. If things go to plan I would like to be at 2m over the next 1-2 hours before bed.
Then tomorrow the aim will be to convert that to 10-15m.
edit: My problem at this point is that I have all my orders in use, training Retail Level 1 now. However the road to retail will be long with my Charisma 3 and Willpower 6 attributes. I have definetly disadvantaged myself coming into this project but it just makes the challenge more worthwhile. I gotta get taxes reduced a bit as well
I would greatly appreciate that info if you're willing to share :)
When I first read this thread, I didn't think that such a venture would be possible, but seeing as how you're aiming to break 10-15mil in just a few days of doing nothing but trading (and seeing your success thus far) I think that perhaps I should take a second look at thinking that trading like that is impossible.
One question I hope you might be willing to answer: are you doing all your trading from just the Jita system, or are you having to run orders around to various systems for buying/selling? |
Bouncer Ricdic
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Posted - 2008.01.16 16:07:00 -
[22]
Block if you come online or provide a contact email address I can pass you the characters API details so you can track it if you want . Alternatively I can send the export to you from EMMA but I think some of it's reports aren't showing proper data.
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Jack Freely
Caldari Trading Corp
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Posted - 2008.01.16 16:08:00 -
[23]
I'm somewhat new to the game and I like this project. Remember to teach others to fish so they can feed themselves.
Please don't post the trades just post the hows and the skills needed. I will be following this thread.
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Bouncer Ricdic
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Posted - 2008.01.16 16:11:00 -
[24]
Originally by: Tobin Shalim
One question I hope you might be willing to answer: are you doing all your trading from just the Jita system, or are you having to run orders around to various systems for buying/selling?
To start I couldn't afford the 1000 isk minimum reward for the courier system so I couldn't utilise that. Plus when starting it was barely worthwhile with most trades.
My buy orders mostly have 5 jump ranges out of Jita, but it all depends on the way the buy is structured. Generally buy orders in Jita station are decent and profits are minimal as people just resell there. However usually getting a 5 jump range allows far higher markups on produce (ie paying 100 isk for items you can sell for 10,000 isk, or melt for 1,800 isk with no skills.
So I am starting to get into the courier mission type setup, but at this point mostly just a little fly around here and there in my trusty Ibis, mainly because I don't have a lot of orders to manage etc. Once I am getting decent quantities of buys in various locations I will look at couriers and minimalise the whole undocking aspect.
With a 5k start there's no room for error and 1,000 isk on a courier contract (plus a 1000 isk contract broker fee) is just way too steep.
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SencneS
Amarr
Spartan Industrial Manufacturing
SMASH Alliance
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Posted - 2008.01.16 16:37:00 -
[25]
I got 10mil says he'll do with 10% or more over the 1bil objective.
Anyone going to take that bet?
Amarr for Life |
Jackie Fisher
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Posted - 2008.01.16 16:45:00 -
[26]
Originally by: SencneS
I got 10mil says he'll do with 10% or more over the 1bil objective.
Anyone going to take that bet?
10 mil that he will pass 1.1 bil in the month?
I'll take you up on that if you are willing to gamble with a stranger.
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Bouncer Ricdic
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Posted - 2008.01.16 16:56:00 -
[27]
People always find a way to make money off me in some way or other. It's a good bet to make though either for or against. I know what I want to do but don't know which side I would want to be betting on
Come on SencneS. Only 10m..... Raise the ante a bit
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Bouncer Ricdic
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Posted - 2008.01.16 17:00:00 -
[28]
Edited by: Bouncer Ricdic on 16/01/2008 17:00:20
Should give an idea on how some of this is going
On one of the items I am buying, here are the options:
1,035.52 BUY (price I bought at)
185,763.32 REPO (price I get if I reprocess with my crap repo skills)
568,828.16 SELL (price I get if I can resell with lowest sell order on market)
So I can make a dead easy 1000% markup on a reprocess
Or I can take some time to try and get the item sold (quantity of 65 atm) for a higher profit.
Basically that's what I will do. I will try to sell as much on market for 5000% profit margins (quite needed to get to my goals) but if the quantity seems to be coming in faster than I can resell I will settle for 1000% profit margins.
At this point it does look like the incoming far exceeds the outgoing so I might be putting my reprocessing boots on. I am losing quite a bit of mins with only refining level 4 and zero standings but the above numbers take that into consideration
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Mr McCargo
The Paradox Continium
Zzz
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Posted - 2008.01.16 17:30:00 -
[29]
Edited by: Mr McCargo on 16/01/2008 17:32:44
So you really are trying to achieve this goal, huh?
It would have been easier had you made a trader character not an industrialist. But I can see you're doing fairly well. Well, keep it going!
Edit: Oh, and I'll bet 1b he'll make it. Anyone wanna accept the bet with odds 10:1?
- Mr C |
Jon Asus
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Posted - 2008.01.16 17:52:00 -
[30]
Originally by: Mr McCargo
Edited by: Mr McCargo on 16/01/2008 17:32:44
Edit: Oh, and I'll bet 1b he'll make it. Anyone wanna accept the bet with odds 10:1?
My 100mil that he wont do it against your billion saying he will?
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