Robacz
Essence Trade
Essence Enterprises
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Posted - 2008.02.20 11:44:00 -
[1]
Edited by: Robacz on 20/02/2008 11:46:02
 Originally by: Freya Dawn
1.) Long-term trading or Daytrading?
Depends on your wealth IMO. When my wallet was limited, I tried to avoid long-term trades. Maybe you can make extra 10% from some stuff if you hold it for few days, but if you used same money for 5 fast trades you would probably make more. However if you have more funds than you can effective use, there is no reason to rush and you can wait for better prices.
It also helps to trade more items, even when your cash is not high. When you always trade 10-20 items you don't have to care about every order, becouse even if 5 of them got cut, you still have others generating revenue. If you trade only few items your risk zero revenue if you are unlucky and someone cut you just after you log off.
Originally by: Freya Dawn
2.) How can one trade on a large scale?
This is problem of every trader. One day you will reach point, where you have more ISK than you can use with reasonable profit and time reqiured to maintain your orders. However I think this point is significantly higher than 1 Billion. Your item portfolio should change as your wallet grows - items should be more expensive, producing higher per item profits. I had trouble leaving some good profitable items which started me as trader, but it is necessary if you dont want to end with 500 active orders and 2hr long update run. Your effectivity will drop though, becouse cheaper items often provide higher profits by percentage (becouse of people who think like: "Oh look, 1B implant, I resold it for 50M profit, isnt that great?" and do not realize that 50M is just tiny 5% profit).
But even with lower profit percentage, you will make more with 100B invested in expensive items than with 10B invested in cheaper items. Besides, it is less work as higher price reduces number of trade items required to use your money. I also recommend to trade in multiple regions, it lets you choose only the best items/areas to trade. Price is some extra time required for character switching.
Originally by: Freya Dawn
3.) How can an aspiring trader entice a successful veteran to help?
I had some apprentices, but it didn't work very well. They wanted to help me and learn, but I never knew what should I let them to do. Besides, there were two type of people - one had market in their blood and just needed some initial introduction. After few chats they were successfully trading and competing with my alts (they didn't know it though). Other people required a lot of explaining but still were not able to identify and use trade opportunities. It just wasn't their cup of tea, so they usually went back to their old profession.
IMO it is thing that everyone need to learn by themselves. Some basic info how market works can speed up the process, but since then everyone should be able to proceed on their own. Trading in Eve is usually not a team business.
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