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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.30 15:22:00 -
[1]
Awesome, it's great to see all the new budding traders coming of age and trying new things. Best of luck with your project. I guess the only advice I would have is >
Not all, but some of this should be taken into consideration
* Buy off your own buy orders
* Sell off your own sell orders
* Don't assume that you need to move all your goods for resale to a single location.
* Don't be afraid to set large radius buy orders (10 jumps, region etc) for resale in those areas or have couriers move the jobs to more centralised locations (only really useful for higher profit margin goods)
* When starting from the noobie level it's crucial to understand that you need to be making the most profit per dollar.
As an example. There's no point spending 58m on an Armageddon you can resell for 60.5m, when you can buy a cruiser at 5m and sell for 6m. The one benefit to the Armageddon is you only have one unit to sell for that profit however when you have limited funds for buy orders and stock you need to get the most bang for your buck.
1 armageddon buy @ 58 , sell @ 60.5 = 2.5m profit
10 cruiser buy @ 50, sell @ 60 = 10m profit for same capital in use.
You then need to weigh up the interest in the good. It's pointless buying up 500 units of some item that no-one will buy off you. Use the advanced market tab to help you determine numbers of items traded. The price history tab is also a good way of finding out the rough value of an item, whether it's currently being manipulated, and even being able to roughly determine if there are more buys than sells etc.
Inter-regional trading can be dangerous and rewarding at the same time however generally is best done with an alt. I would usually say to try and stay clear of this as much as possible.
To start with you should focus more on named goods. You can get some great region wide buys around the 300-800 isk mark and resell them as high as 5-15k. This is how I managed to get Bouncer Ricdic from 5k to 768k after Day 1. It also played a pretty big part in the overall result of the operation.
Train Margin Trading. This will be a godsend whilst your character is of short financial stack.
Don't use corp wallet for transactions. It adds an extra level of work when having to move all buy orders to personal wallets for resale plus it's buggy as hell where sometimes purchases take days to show up in the deliveries tab.
Make sure you value your time in options you choose. Making 2m profit by moving a few items 20 jumps won't really be considered that worthwhile if you could have sat in station and updated your orders during that time. Having said that, if you find you can make 2m profit on items purchased whilst your NAV is under the 5-10m mark then it's probably a good idea to do that.
Watch the T2 market. Sometimes you can have people (usually people getting rid of stuff they don't use anymore) selling off their stuff to the highest buy orders. Market traders don't have too much of a hold on this section of the industry.
As an example with something else I was doing I found I could have a buy order up on Viator's (or might have been Occator) at 60m and resale at 80m. I was easily the highest buy order. A lot can be said for the other goods on the market so don't think that only T1 and Named are best. Having said that, it does take longer for buy orders on T2 gear to fill compared to named and t1.
Hope this helps. I have been writing a guide that includes all this kind of thing in detail for months now but it just keeps getting longer so I don't know when it will be released.
I should get some sort of royalties from all these budding blog traders 
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.31 17:44:00 -
[2]
4m in 2 days. Quite impressive, you are pwning my one so far
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.01 04:28:00 -
[3]
 Originally by: Petyr Baelich
He did the tutorial missions, if I recall your experiment started out with pure trade, 5,000 isk and a lump of trit. Still... the fact that he did not bankrupt himself with his first day of trading is impressive enough by itself, let alone showing a profit. :)
My char wasn't at all specialised in trade so he would have had a benefit there. However he had minimal market knowledge so it's definetly an impressive result. I didn't realise the noobie tutorials netted that much isk tbh.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.03 05:43:00 -
[4]
the hexxx file is on eve-files.com
Should be able to search it from there.
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