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Thread Statistics | Show CCP posts - 0 post(s) |
Scott Petterson
Tribal Liberation Force
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Posted - 2008.07.07 22:50:00 -
[1]
Ok, So I made a trade alt and have been experimenting with trading. I've got about 20 items I'm buying and reselling all in the same hub making 30-50% on each item (although total ISK figures are only about 15K per item). I'm slowly increasing my volume on each item as I get comfortable with the item and trading in general.
My question is not how do I trade or what should I trade, but what tools do you expert use to track your orders? Specifically how much you paid, how much you sold the item for, etc?
Any advice, tips, or pointers would be appreciated. |
Scott Petterson
Tribal Liberation Force
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Posted - 2008.07.07 23:25:00 -
[2]
I was hoping there was some fancy API program that would use the transactions logs and generate a nice report.
Right now I'm using an excel spreadsheet, but I can see how this could get time consuming, as you have to monitor your buy/sell orders and track everything purchased/sold to get accurate numbers on revenue and profit.
I'm only one day in but so far this trading stuff is kind of interesting.
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Scott Petterson
Tribal Liberation Force
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Posted - 2008.07.07 23:54:00 -
[3]
 Originally by: Roguehalo
"seat of the pants" trading is the most fun
just check the wallet occasionally
if it's going up you are doing something right 
Well right now the problem I have is that I'm setting up buy orders to buy the stuff cheap and the isk is going out faster than it's coming in. This happens because I'm waiting until I have a decent amount of each item to sell, so I'm not putting all the items being purchased up for sale.
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Scott Petterson
Tribal Liberation Force
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Posted - 2008.07.08 00:32:00 -
[4]
Originally by: Roguehalo
Originally by: Scott Petterson
Originally by: Roguehalo
"seat of the pants" trading is the most fun
just check the wallet occasionally
if it's going up you are doing something right
Well right now the problem I have is that I'm setting up buy orders to buy the stuff cheap and the isk is going out faster than it's coming in. This happens because I'm waiting until I have a decent amount of each item to sell, so I'm not putting all the items being purchased up for sale.
If you aren't selling your stuff faster than it's coming in then your sell prices are too high
On the other hand if stuff is coming in faster than you can sell it your buy order prices are too high.
basically it's just a question of balance
Thats a good piece of advice. I just setup my final sell orders of the night so the stuff is actually on the market. I'll see what happens over night and adjust my prices accordingly. I gotta say even if I don't make much ISK it's quite fun learning the workings of the eve market.
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Scott Petterson
Tribal Liberation Force
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Posted - 2008.07.08 11:04:00 -
[5]
Originally by: Pastiche
EveMEEP, EMMA, and custom spreadsheets. Knowning your product and market is kinda key though.
So after after eight hours I've finally reached a good balance on purchase rate vs selling rate for all but a couple items. For some reason those items haven't moved at all. My sell price is less than any other item by a decent amount, and when I get the volume of these items moving it shows roughly 200 or so a day.
I'm guessing that the volume shown is purchases not sales. Does anyone have any other insight on the numbers eve displays? Is that a combination of buy/sell orders or only sell or buy orders? |
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