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Lo Lightshard
LEG1ON Coalition Of Empires
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Posted - 2008.02.19 04:33:00 -
[301]
Here's the top 10 items by actual profit made:
- Prototype Diagram: 120,360,519 ISK (+27%)
- 'Arbalest' Cruise Launcher I: 76,733,137 ISK (+8%)
- Drake: 33,358,225 ISK (+9%)
- Hardwiring - Eifyr and Co. 'Rogue' MY-1: 24,492,218 ISK (+16%)
- Modulated Strip Miner II: 23,014,371 ISK (+31%)
- Cap Booster 800: 22,145,227 ISK (+35%)
- Moa: 18,673,368 ISK (+8%)
- Retriever: 15,614,669 ISK (+11%)
- Medium 'Arup' I Remote Bulwark Reconstruction: 12,994,494 ISK (+143%)
- Prototype I Sensor Booster: 12,715,118 ISK (+3872%)
(The percent is the markup from the average purchase price.)
Ricdic, in some cases you sold more items than you bought -- is this due to buying off contracts or are there some transactions missing?
[IMA6E REMOVED] |
Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2008.02.21 09:00:00 -
[302]
Originally by: Lo Lightshard Ricdic, in some cases you sold more items than you bought -- is this due to buying off contracts or are there some transactions missing?
Nice categorisation. If you check the personal wallet on that API it should have the missing orders
http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE! |
Danari
Amarr Viper Squad Triumvirate.
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Posted - 2008.02.21 21:51:00 -
[303]
Originally by: Alvara
Best I've ever done is 1 bil in 1 night of 7-8 hrs. It is no longer farmable, and for a long time before it was disabled some jerks took over the camp making it unworthwhile to camp it.
Ah the days of long limbed roes... Yeah Martin Gore can be a real ****.
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Lo Lightshard
LEG1ON Coalition Of Empires
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Posted - 2008.02.22 01:28:00 -
[304]
Originally by: Ricdic If you check the personal wallet on that API it should have the missing orders
I included those.
For example, you bought 163 "250mm Compressed Coil Gun I" and sold 183; bought 92 "Cold-Gas I Arcjet Thrusters" and sold 135; bought 6 "'Arbalest' Rocket Launcher I" and sold 7 etc.
Just interested?
[IMA6E REMOVED] |
Takimi Star
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Posted - 2008.02.22 02:42:00 -
[305]
I wonder if it has something to do with the dual api tracking?
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Danari
Amarr Viper Squad Triumvirate.
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Posted - 2008.02.22 08:39:00 -
[306]
Originally by: Trade Tricks
Originally by: Danari Do you plan to be transparent on how you select modules to trade?
i hope he'S not too transparent. you lazy bastards, use your own brain FTW OMG WTF.
And I hope a complete nothing like you learns who the **** you're posting to before you call him lazy in the future.
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Daallie
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Posted - 2008.02.22 16:31:00 -
[307]
Edited by: Daallie on 22/02/2008 16:35:05 It is not terribly difficult to achieve that kind of income. 5k is a really low starting point especially only using player trades. I personally know that it is easy in a day to double your money especially on weekends its easy to approach tripling your money but that includes npc trading. I am honestly impressed by your first day though forming a rate of 150x. The first day was key and you achieved that so I congratulate you ahead of time on achieving the 1bn in a month with a starting income of 5k. The man knows how to work the market, I give him that.
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Rhiraven
Gallente Millennion Organization
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Posted - 2008.02.22 16:31:00 -
[308]
I think this project got derailed, but it still ended up in a good place.
I for one will be inspecting the Sexy Wallet intensively, and I'm sure this helped Takimi quite a bit, too. I learned a great deal about how to manage the market from getting an early loan from Ricdic myself. The difference between working with 50m and with 500m is intense.
I don't think it's a bad thing that a lot of Ricdic's experiments turn into n00b training sessions. Not for me, anyway, and definitely not for Takimi. And seriously, if my main source of competition comes from guys like Takimi instead of YouGotRipped I'm all for it
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Klavayne
Free Mercenaries Union
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Posted - 2008.02.22 23:53:00 -
[309]
Originally by: Daallie Edited by: Daallie on 22/02/2008 16:35:05 It is not terribly difficult to achieve that kind of income. 5k is a really low starting point especially only using player trades. I personally know that it is easy in a day to double your money especially on weekends its easy to approach tripling your money but that includes npc trading. I am honestly impressed by your first day though forming a rate of 150x. The first day was key and you achieved that so I congratulate you ahead of time on achieving the 1bn in a month with a starting income of 5k. The man knows how to work the market, I give him that.
Read the whole thread next time please. The 30days is already up, it was over a week ago. The target was also not met, total NAV was around 500mil or something at the end of the experiment i think.
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Devian 666
Igneus Auctorita GoonSwarm
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Posted - 2008.02.23 00:05:00 -
[310]
This was an interesting project to follow. The most difficult part was the limitation of the capital investment being the 5k nub starting isk.
Good work making 500m from 5k inside the month, despite losses etc.
Originally by: Darkrydar Oh and killboard loss arguments are so 2005.
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Takimi Star
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Posted - 2008.02.23 00:26:00 -
[311]
Originally by: Devian 666 This was an interesting project to follow. The most difficult part was the limitation of the capital investment being the 5k nub starting isk.
Good work making 500m from 5k inside the month, despite losses etc.
I am actually disappointed by the 500m because we were upto 600m, and through a couple mistakes ( that I learned from ) we worked it back up to 500m. I would hope that if I did it again today I would have better results.
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Takimi Star
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Posted - 2008.02.23 00:27:00 -
[312]
Originally by: Rhiraven if my main source of competition comes from guys like Takimi instead of YouGotRipped I'm all for it
Thank you. I appreciate this complement.
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Letrange
Minmatar Chaosstorm Corporation Apoapsis Multiversal Consortium
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Posted - 2008.02.25 15:50:00 -
[313]
What makes this really interesting is that although the objective was not achieved, the results were never the less very respectable. Lord knows I didn't have as much isk after playing for a month.
Mind you once I had my own corp I did run into a small Domination Control Tower BPC (of course it happend AFTER we had already bought one off the market). That solved a lot of liquidity problems and allowed me to acquire a Cyclone BPO. It's currently sitting at 10/10 waiting for the rest of the BPO collection to be researched before further work. The Cyclones are selling nicely mind you.
At any rate congratulations to Ricdic and Takimi for an excellent experiment. If you had to do it a 2nd time, what would you change?
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Avtambaram
C0RSAIRS
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Posted - 2008.03.26 23:56:00 -
[314]
I tried to visit the "Sexy Wallet" link that Ricdic had posted, but it didn't work. It would be wicked awesome if you shared the wallet again please. This is a very encouraging thread, with a very encouraging experiment. I'm much glad you guys took this on. Thanks to Ricdic, Takimi, and all others who made really great posts.
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Serenity Steele
Dynamic Data Distribution Ministry of Information
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Posted - 2008.03.27 00:13:00 -
[315]
Great experiment, and good to see that you saw it through.
I don't know how exciting an new eve-life would be just trading every day and not undocking, but if combined with training learning skills (and knocking your profit back to 500m with implants), that would make a solid 1st month start.
≡v≡ Strategic Maps - Outposts & Sov - Alliance Rank |
Ninim
Ninim Corp
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Posted - 2008.03.27 09:11:00 -
[316]
u should be able to do it i started this month with trading too made 800 mil profit and i am a noobi in this trading stuff
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Duckeye
Empire of Duckeye
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Posted - 2008.03.27 11:07:00 -
[317]
It's not that difficult to trade, I found an untapped niche in the market about half a year ago and made 7 billion isk in a month starting from a couple of million after having just bought a freighter, being dirt poor again.
But I don't even have to fly it anymore since things are a lot easier now, I brought in people I trust to haul all sellable items for me on freighter alts to set destinations...and they get 3% of my total profit.
All I got to do is boot up an alt, check on my courier contracts, post my items for sale while trying to keep as much attention to my selling positions as small as possible while I pvp on my main.
As for March I pulled in about 26 billion isk by myself...and not a damn thing to spend it on lol, I consider myself an isk sink hole. I got a picture of my wallet around here somewhere... (I love money that much lol)
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Avtambaram
C0RSAIRS
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Posted - 2008.04.03 15:31:00 -
[318]
This is very encouraging to me. A thank you to everyone for sharing their experiences and helping the newbie traders.
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jcoutepascher
Minmatar
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Posted - 2008.04.11 06:15:00 -
[319]
Well if you guys are looking for a sink hole for your isk my wallet is open to donations :-)
btw good job ! at least now i know i can pay my account by selling isk buying GTC...
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Saori Rei
Gallente Cruoris Seraphim
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Posted - 2008.04.11 18:45:00 -
[320]
Day 0 - 5,000 Day 1 - 752,731
I see this then I see the rest of your profit increases being nothing compared to this. Any reason you're not repeating this over and over. Surely repeating this with each of your 5000 would net the billion VERY quickly.
I'll admit that I haven't read the whole post but this is mostly out of curiosity, what sort of thing did you do here because it looks like a fluke.
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Wieting Foyu
Azteca Transportation Unlimited Gunboat Diplomacy
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Posted - 2008.04.13 17:11:00 -
[321]
Originally by: Saori Rei Day 0 - 5,000 Day 1 - 752,731
I see this then I see the rest of your profit increases being nothing compared to this. Any reason you're not repeating this over and over. Surely repeating this with each of your 5000 would net the billion VERY quickly.
I'll admit that I haven't read the whole post but this is mostly out of curiosity, what sort of thing did you do here because it looks like a fluke.
Wow if it were only that easy.. Problem is you would need a billion of that item for the same buy/sell price. While it is fairly easy to get 1500% return on 5k, its much harder to keep that ROI as your capital grows.
Think of it this way. While you can buy a candy bar at a store for 50 cents then take it to a sports concession stand and sell for a dollar you can double your investment. On higher priced items say like cars you can't really buy one for 10k and then relist for 20k to get same return. And if you wanted to use the 10k to buy 20k candy bars now you need to find 20k people willing to buy it.
You can only sell so many items for so much before you stop making money.
Rounded up that is only 750k profit in a day. Much more items offer more than that per item, let alone per day of trading that item.
Wieting Foyu Foyu Investments
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Draft Wise
Forgotten League
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Posted - 2008.04.15 14:24:00 -
[322]
Any news on this?
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Cyberflush
Syrkos Technologies
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Posted - 2008.04.15 21:43:00 -
[323]
Originally by: Draft Wise Any news on this?
What news are you looking for? The experiment has be completed for quite some time now.
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Malice Shecktily
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Posted - 2008.04.15 23:13:00 -
[324]
So, What's next? :-))
Have to say this is one of the most interesting threads I've read in a long while - well done to Ricdic for such an interesting experiment - as a (relatively) noob trader I'm impressed - taken me 3 months to go from 10m to approx 2.5Bn NAV at 1-2 hrs / day and I was wondering just how good I was...?
Answer - still a lot to learn!
So, starter for ten on next challenge (perhaps there could be a rival challenge to the PVP Championships):-
Fastest route to 1Bn ISK using all (legal) methods available for a single noob character with no support, character selected as to be as diverse as possible, with no donations/ alt support. Can use missioning , mining , pirating - basically anything allowed by the game mechanics without breaking the EULA or the spirit in which Ricdic set himself this one - no griping about RL influences too - we all know it happens!
Any takers? perhaps we could specify on the starting character setup
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Balrog Poop
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Posted - 2008.04.16 14:53:00 -
[325]
Any chance of getting the wallet reposted? I get an error page when I click the link. Thanks
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Krathos Morpheus
Gallente Gates of nim
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Posted - 2008.05.06 02:25:00 -
[326]
Originally by: Balrog **** Any chance of getting the wallet reposted? I get an error page when I click the link. Thanks
I've read all the thread trough various days and now that i get to the end it's frustrating i can not see the wallet... Very interesting thread, my congrats for it even if the objetive haven't been reached. The important thing in this is the way, not the destiny. If only i could see the wallet...
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Arkham Lerouge
Osiris Entreprises
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Posted - 2008.05.06 12:00:00 -
[327]
Congratz! 5k to 300/500m in a month, is a great achievement if you ask me :-D
I'd love to see the wallet, it seems down at the moment, or the link is broken?
I personnally didn't know anything about this initiative before today, and spent roughly an hour reading all the posts in this thread, very interesting indeed!
I started an alt (full trade, won't train any skills, at least not in the short term) just to test exactly this kind of thing : how much am I able to make with a given amount of isk, and in how long.
I'm still a newcomer to trade, even though i started playing a bit with the market a few months ago, and read a _lot_ of the posts in this forum. I managed to go from 500m to roughly 800m in approximately one month : 1/ used a production alt to manufacture a few T1 non named items, and a few ships (ruptures, cyclones and typhoons, from the minerals i'd have bought through buy orders) 2/ used this same production alt to reprocess some of the "too cheap" items i could buy 3/ also did a few hacking/archaeology sites, for maybe something between 30 and 50m in the meantime 4/ played in average less than an hour a day 5/ never went below the initial 500m i had (for safety reasons, didn't want to go broke on stupid mistakes) 6/ no regional orders, only "in station trading" (and thus, no hauling)
I would say it's rather easy to make isk from trading, but, here i some of my thoughts : 1/ not always very easy (even with EMMA/Ray's offline wallet/Eve IMonitor) to track exactly what is profitable and what isn't (given the fees, volumes, margins... and also the extra isk coming from side activities) 2/ there's no tool i know of which allows the tracking of efficiency/margins when trading AND producing at the same time (buying minerals, then producing and selling) 3/ there's a lot of simple and easy mistakes that can cost you a lot of isk/burden (might post in a separate thread when i'm motivated enough ;)
Point 1/ above made me create this trading alt i talked about in the first place, it's the third day now, and having played it roughly two hours (1 hour for the first storyline mission, which took me from 5k to 400k and a probe+2 cargo expanders), I just about doubled the 400k. Not quite comparable to what Ric and Takimi achieved, but not quite the same amount of experience and playtime : it's definitely for a noob to earn isk!
Point 3/ : i'd love to read more about mistakes and failures, as it'll help me avoid them myself! More often than not I read very successful stories, but rarely anything on failures and mistakes. BTW, could you please tell us, Takimi, which one was yours?
Sorry for this extra long maybe useless post, i'll try to do better next time (and then, maybe people in this community will come to know me better, as I realize i've been hanging around reading loads of stuff, but never contributed before). |
SencneS
Amarr Rebellion Against big Irreversible Dinks
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Posted - 2008.05.06 13:16:00 -
[328]
Twice this thread has been necrod and the second time it was almost autolocked
This project is long dead people, nothing else to see here move along. |
Arkham Lerouge
Osiris Entreprises
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Posted - 2008.05.06 13:20:00 -
[329]
sorry for reanimating the dead :D
My main question (and some of others) remains : will the wallet be available for viewing? I'd love to understand what I could do to improve my trading :D |
Midas Man
Caldari Dzark Asylum
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Posted - 2008.05.06 13:30:00 -
[330]
Originally by: Arkham Lerouge sorry for reanimating the dead :D
My main question (and some of others) remains : will the wallet be available for viewing? I'd love to understand what I could do to improve my trading :D
Do your own research
bit of a blunt responce I know, but by coping other peoples trading activities you will only saturate the markets and so won't have improved much. Other than simply selling stuff for more than you paid for it everything else is just detail and can change very quickly. For instance you might find a nice line buying XXXXX from XXXX and Couriering to XXXX but once 2-3 people start doing it the price in XXXX and XXXX will be negligable and so not worth doing anymore. You might carve out a nice margin on XXXX in Jita 4-4 but once 2-3 other traders realise the margin will brought back to a level where further trade isn't worthwhile.
So do some research and be diverse in your trade lines and you will do well and from this you will learn how to do better and better. |
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