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The Ultimate Project - Turning 5k into 1b in 1 month using market only

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La Hafiz Rubra Libertas Militia Phalanx Alliance	Posted - 2008.01.20 00:19:00 - [151] Hell, I have 11 mill and I have trouble getting to 13 mill with this.
Dunpeal Caldari Caldari Provisions	Posted - 2008.01.20 01:12:00 - [152] Originally by: La Hafiz Hell, I have 11 mill and I have trouble getting to 13 mill with this. With a bit of researching on items that are good to trade with, you should have no trouble to AT LEAST get like a 20% profit margin in 2-3 days, and i say AT LEAST. I'm also just getting my feet wet in trading started like a month ago but already did make a break, but in my first week in it i turned 60mill into 250mill, and i had 0 knowledge on economics, but if you put yourself really into it and spend a bit looking for good stock to trade with, it gets kinda funny how easy it is to make money with your money using the simple rule of buy extremelly low sell crazy high Actually the lower you are the bigger the gap between buy price and sell price and thus profit on said item trade... I'm actually really ashamed to say i made that crappy of a performance in this thread, i mean... i am amazed, i knew people out there could do much much MUCH better than what i was doing, but then i'm really laid back with my aproach to the game, trying never to get too tired of it, but really THIS much better i don't even deserve the title of "initiated stupid noob trader" next to this guys For those that are not getting real profit, try harder, once you get the hang of it you'll be breezing through, with only the undercutting stoping you http://draken.com.sapo.pt/Backstory.htm http://www.save-evetv.com/
Bouncer Ricdic	Posted - 2008.01.20 02:38:00 - [153] Sorry for the delay, I just got back into work from holidays and my first day back involved a crapload of overtime and trackwork on our rail lines. Just another complexity in the challenge I guess. Anyway, things are doing ok with the project, I will post full NAV info for both days after downtime today
Nyphur Pillowsoft	Posted - 2008.01.20 02:45:00 - [154] Originally by: Bouncer Ricdic Sorry for the delay, I just got back into work from holidays and my first day back involved a crapload of overtime and trackwork on our rail lines. Just another complexity in the challenge I guess. Anyway, things are doing ok with the project, I will post full NAV info for both days after downtime today I need to speak to you ASAP about Ebank. Eve-Tanking.com - We're sorry, something happened.
Block Ukx KDM Corp Firmus Ixion	Posted - 2008.01.20 04:17:00 - [155] Edited by: Block Ukx on 20/01/2008 04:18:08 As of1/20/08 3:58 AM Gross Sales 25,886,753.91 Purchases (14,937,409.95) Transaction Taxes (258,867.62) Broker Fees (584,119.55) Expendables (108,000.00) Net Profits 9,998,356.79 Estimated Inventory 2,139,884.64 Intrinsic NAV 12,138,241.43 Projected Gross Sales 12,851,876.67 Cost of goods (5,017,953.67) Book Value 17,832,279.79 TRADE STATISTICS Total ISK Traded 41,067,163.86 Number of clients 503 BSAC Mineral Market Manipulation (MinMa) Information Desk
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.20 04:55:00 - [156] Originally by: Nyphur I need to speak to you ASAP about Ebank. You can catch me via msn or email at [[email protected]] (works for both). That goes for anyone needing to contact me. I won't be back online until an hour after downtime tonight though so this alternate contact is a far better option.
Ramblin Man Empyreum	Posted - 2008.01.20 05:20:00 - [157] Wow, the opportunity cost of this thread is staggering. I might run one of my own in a different hub, although I doubt I could best you even if I traded in Jita. Salute, and best of luck. Welcome to the dark side old friend. .Shar Where we hate people through words.
champinoman	Posted - 2008.01.20 06:03:00 - [158] Originally by: EBANK Ricdic Thought I would give you guys a tidbit. Most of my stock in this item is sold and it's profit margins have dropped considerably. Someone manipulated the market in this item and allowed it to hold price (and still reach sales) over a good 1 week. This helped Bouncer Ricdic get from 5k to 700k in 1 day immensely, and there are hundreds of items on the market just like it. Question is, will you find them before I do? Just a quick question relating to that. why would anyone sell the item to you for 2,791isk when they could put a sell order up and get a significant amount more?
Dr Slurm General Commodities	Posted - 2008.01.20 06:07:00 - [159] Originally by: champinoman Originally by: EBANK Ricdic Thought I would give you guys a tidbit. Most of my stock in this item is sold and it's profit margins have dropped considerably. Someone manipulated the market in this item and allowed it to hold price (and still reach sales) over a good 1 week. This helped Bouncer Ricdic get from 5k to 700k in 1 day immensely, and there are hundreds of items on the market just like it. Question is, will you find them before I do? Just a quick question relating to that. why would anyone sell the item to you for 2,791isk when they could put a sell order up and get a significant amount more? Time is money.(or isk) It's better then Quafe!
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.20 06:26:00 - [160] Originally by: champinoman Just a quick question relating to that. why would anyone sell the item to you for 2,791isk when they could put a sell order up and get a significant amount more? It's a perfect example of just how many people don't think before they act. I have 40 other orders in the same fashion. For that specific item I purchased 55 of them, and have been reselling them between 40-80k each. So in 4 days that's likely 55 different people willing to sell at a mass markdown. Kinda puts into perspective just how much opportunity is on the market. That item in question is just a single one, there are tons more just like it
Vested Interest	Posted - 2008.01.20 08:35:00 - [161] Maybe I missed it but are you training up supporting Trade skills while running this?
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.20 08:58:00 - [162] Originally by: Vested Interest Maybe I missed it but are you training up supporting Trade skills while running this? Yes very slowly. My character has really crappy attributes for trading and no standings at all. Skill training is occuring but extremely slow. I have traded the following skills since we started: 1) Retail from 0 to 4 (Level 4 finishes in 5 days) 2) Social from 0 to 1 3) Contracting from 0 to 2 I will probably get trade up to 4 soon so I can train accounting and margin trading etc but then the long haul will be to get wholesale etc. Either way I don't expect a major amount of skills to be in place by the time the project finishes. If I do a phase 2 (1b-5b etc) then hopefully I will have decent skills coming into it.
Nicole Maher	Posted - 2008.01.20 09:33:00 - [163] Even noobs know about learning skills Ric! :p All your ore and ice are belong to us. :) --- freighter for hire, evemail me.
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.20 10:47:00 - [164] Originally by: Nicole Maher Even noobs know about learning skills Ric! :p Do you know how expensive learning skills are
Kara Rhane Gallente Rhane's Research and Development Labs.	Posted - 2008.01.20 11:44:00 - [165] Originally by: EBANK Ricdic Originally by: Nicole Maher Even noobs know about learning skills Ric! :p Do you know how expensive learning skills are For the lvl 1's? Very cheap, like what? 60k each? ^_^ Good luck with this project ricdic hope you hit your goal. -Kara ***** Rhane's Research and Development LabsÖ Click to search our Ammo's, Missiles, and Drone BPO sets.
Klavayne Free Mercenaries Union FreeFall Securities	Posted - 2008.01.20 12:31:00 - [166] Due to the limited time of this project, i doubt all but a couple of learning skills would be of any benefit. The payoff between the time used up and the increased learning speed probably isnt enough at the rate he's going.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.20 12:33:00 - [167] Originally by: Klavayne Due to the limited time of this project, i doubt all but a couple of learning skills would be of any benefit. The payoff between the time used up and the increased learning speed probably isnt enough at the rate he's going. that very well might be, but getting the skills up to use +3 implants I think will pay off. Thats just a gut feeling no math behind it. --
Klavayne Free Mercenaries Union FreeFall Securities	Posted - 2008.01.20 13:08:00 - [168] Originally by: Treelox Originally by: Klavayne Due to the limited time of this project, i doubt all but a couple of learning skills would be of any benefit. The payoff between the time used up and the increased learning speed probably isnt enough at the rate he's going. that very well might be, but getting the skills up to use +3 implants I think will pay off. Thats just a gut feeling no math behind it. I dont doubt the time would pay off skill-wise. But could he justify the isk on a several +3 implants? When he could instead maybe make x amount of money with it. I guess it might be viable at the 100mil+ isk point since charisma implants are trTs cheap.
Bouncer Ricdic	Posted - 2008.01.20 14:32:00 - [169] Yeh it's a hard compromise. The 3m or so on implants would put a large dent in my capital available for trade. I really need to be in a more stable position to do so, at which point some would question if there was any point bothering.
Bouncer Ricdic	Posted - 2008.01.20 15:18:00 - [170] End of Day 4 & 5 Report Orders Remaining: 25 out of 41 max open Orders<br>Total in Escrow: 5,579,840.07 ISK (additional -0.00 ISK to cover)<br>Base Broker Fee: 1.0% of order value<br>Transaction Tax: 1.0% of sales value NAV Buy Orders - 6,289,108 Cash - 671,061 Assets Jita - 1,600,000 Assets Other - 9,739,000 Sell Orders - 6,070,000 Total NAV - 24,369,168 (Due to my lack of reporting yesterday I will split earnings by 50% in my first post. It won't be precise but is a lot more encouraging than calculating the difference on every item traded in the past 24 hours. Now, my trading has been severely limited with my being back at work (not to mention a promotion) and you can see the lack of orders in use. This isn't necessarily due to laziness, but in my trying to get a break with a few higher priced items. If they sell off it will add a lot of extra capital allowing me to stage myself a bit higher again. Still, I dislike my time restrictions as I feel I could have broken 35m today had I not been back at work. Anyway I will do what I can with the time I have left. I have a spreadsheet showing my bare minimums needed to achieve after each day. Based on that spreadsheet on day 6 I need 23.5m so I am achieving a day in advance of my projections. I definetly do need to get more of a foot up as the projected income gets a lot higher each day (day 29 requires 120m profit in 24h) See you guys tomorrow
Nyphur Pillowsoft	Posted - 2008.01.20 16:06:00 - [171] Originally by: EBANK Ricdic snip - Please do not give out personal information on the forums - Mitnal No problem, Ricdic. I got your info from the eve-search cache of this page. Eve-search ftw :) Eve-Tanking.com - We're sorry, something happened.
Vie Victus Gadrel Heavy Industries	Posted - 2008.01.20 21:11:00 - [172] I've never really bothered much with market play, preferring instead ship/module construction. But with a few of the ideas from this post I've been able to turn a roughly 1000% profit on about 25m capital in a backwards empire region with few competitors. I doubt I could leverage much more capital, but what ricdic is doing is definitely possible with the right market knowledge. It's a very interesting project, Ricdic, and I enjoy watching your progress.
Kaelor Minmatar Freelancing Corp Confederation of Independent Corporations	Posted - 2008.01.21 00:45:00 - [173] Edited by: Kaelor on 21/01/2008 00:50:45 Tbh 5K to 1bil isnt that hard, esp in Jita - provided you have the time to play it. The fact you are working at the same time makes it harder, but I have no doubt you will do it. 30 days is a long time if you can play 10hrs a day but if you can only play 4 then not so much ;) Once you get past 500mil I think it will be a breeze. In fact wouldnt be surprised to see you more near 1.5-2bil at the en of 30 days. Godd luck!
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.21 03:24:00 - [174] Yeh it's a bit touch and go at the moment. Whilst I am meeting projections the lower end targets are relatively easy to achieve. I have Jury Duty starting on the 4th of February (depends on if they end up needing me or not) so it's hard to tell where we will be at that point.
Shadarle	Posted - 2008.01.21 03:29:00 - [175] Originally by: EBANK Ricdic Yeh it's a bit touch and go at the moment. Whilst I am meeting projections the lower end targets are relatively easy to achieve. I have Jury Duty starting on the 4th of February (depends on if they end up needing me or not) so it's hard to tell where we will be at that point. You could pull all orders off the market, stop training skills, etc and pause for a few days. I see no reason why this would be a problem. Tanking Setups Compared Stacking Penalty / Resists Explained
Slade Trillgon Siorai Iontach Brotherhood of the Spider	Posted - 2008.01.21 12:13:00 - [176] Edited by: Slade Trillgon on 21/01/2008 12:15:25 Keep it up Ricdic!!! Good numbers so far!!! I tried to resist coming back at this but since I was juming on to give a shout out after a weekend away from the forums I could not resist. I hate it when my attmepts at humor get taken seriously. Originally by: Daeva Vios Originally by: Slade Trillgon Originally by: Ciuby for the guys that think market play is "cute", wait until you have to update your orders once at every 5 minutes because you are underbid... don't think it's all milk and sugar ;) Ding Ding Ding. QFT!!! I know I could accomplish what Bouncer is trying with a trade toon, had the time, and my perscription of adderall filled for the month. Unfortunately I have none of those, so I will have to let BR do it for me. Get It Ricdic!!! All you need to do now is double up every 3.2 - 3.3 days if my numbers are right. Up Up You Go. Others do not lack the knowledge that you lack. Sufficiently motivated new players do have all of the tools Ricdic has, and more. He has intentionally handicapped himself. As a new player looking to get into this, I would personally do research on it and give myself every advantage I could. You seem unwilling to believe that this could be done without updating 23/7, but I doubt you've tried very hard to figure out a way. WoWo there Chica, you did not comprehend what I was meaning or my HUMOR. Yes, maybe I should have been more clear in what I wanted quoted. "Don't think it's all milk and sugar" by Ciuby I think I said I could do this, which implies that I think it can be done. Therefore, I believe that I do have the knowledge. Due to me being ADD and Dyslexic it takes to much energy and motivation for me to WANT to struggle through it without the assist of meds. I do not like the meds and therfore I stear clear of tasks like market reseach in a numbers game. I never said that that market orders had to updated 23/7 and niether did the individual I quoted, you said it. But, depending on what and where one is trading, one may rarely have to update ones buy-sell orders or one may have to adjust them quite often. Your message makes it sound like "it is all milk and sugar" and that you hardly have to make adjustments, which I doubt is the situation for many market players. What you said, if I interpret correctly, was any sufficiently motivated player (which I said I was not) has all the same tools therefore; could succeed with this task. I would say yes "some" could have the market mind to do this in their 1st month with a non-trade toon. But to say in general that all the tools are available is dening the fact that market knowledge is a tool and that all noobs have the same market knowledge that Ricdic has from his years experiance. Yes one may get lucky and find that one or few modules that no one else has found in a, busy system, and make 1 billion in a month, but I would say this is highly unlikely, and I restate unlikely not impossible. Good Day All and once agin GOOD LUCK RICDIC!!! Edited to take out some flameage ___________________________________________________________________________________________ Slade Trillgon Siorai Iontach Brotherhood of the Spider "Never sit with your back towrads the door and always leave yourself an out."*
Bouncer Ricdic	Posted - 2008.01.22 02:02:00 - [177] End of Day 6 Report Orders Remaining: 20 out of 41 max open Orders<br>Total in Escrow: 15,988,111.75 ISK (additional -0.00 ISK to cover)<br>Base Broker Fee: 1.0% of order value<br>Transaction Tax: 1.0% of sales value NAV Buy Orders - 15,988,111 Cash - 274,842 Assets Jita - 148,000 Assets Other - 5,568,000 Sell Orders - 2,598,000 Total NAV - 24,576,953 Not much happened over the last 24 hours due to my RL work commitments etc NAV didn't go up by much. Not listed is that I have purchased some items / skills etc to help with the project. Either way today was a pretty plain day (maybe had 20 mins to spend working markets.
Astorothe Aperture Science Industries	Posted - 2008.01.22 03:41:00 - [178] Originally by: Bouncer Ricdic Not listed is that I have purchased some items / skills etc to help with the project At this point, barely a week into the long march, are you still feeling confident of reaching your goal? Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Bouncer Ricdic	Posted - 2008.01.22 04:28:00 - [179] Originally by: Astorothe Originally by: Bouncer Ricdic Not listed is that I have purchased some items / skills etc to help with the project At this point, barely a week into the long march, are you still feeling confident of reaching your goal? It's still too hard to determine. With me being back at work it is a lot harder to handle the project (only 1-2 hours a day being put into it) but my weekends may be enough to pull me through. Whats interesting to note is the difference between day 5 and day 6. You can see on day 5 I had a little to buy with a lot for sale, whilst on days 6 I have almost triple the amount on buy orders with very little for sale. This is a perfect example of my not being at the PC to get more sell orders up and sold so all my buys have just been piling up. Anyway I would probably say I am not overly confident in my ability to make this happen under the current conditions but I do have a little trick up my sleeve that will be mentioned later
YouGotRipped Gallente Ewigkeit Galactic Research	Posted - 2008.01.22 09:26:00 - [180] Edited by: YouGotRipped on 22/01/2008 09:32:05 It could be done easily for someone with more time and the right market niche but I really don't see the point of this self castigation thing. Unless you like that of course or perhaps you value too much what others think of you. Either way, good luck with your endeavor, you'll need it. ---- typo

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