| Pages: [1] 2 :: one page |
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Re Seller
   |
Posted - 2008.08.07 10:47:00 -
[1]
Ok, so i have an indy alt. She started with 50 mil, enough to make one and a half polycarb back in the days.
She got into rig production, got herself nice rig bpo set (nto a full set, i ain't that rich). I had and lost 2 macks (damn you Goons), i own a Hulk now.
At one point i had over half bil in pocket, now i'm sitting at cca. 350 mil.
Around 200 mil is in my orders, both sell and buy.
Only lately i've been dabbling into trading, with mixed results. I like it.
Now, i dont' consider myself trader in soul. It took me quite a long time to get it, and i still have shady areas, although i'm developing really deep love for it.
Economy has started to fascinate me.
So, can i consider myself successful? I read around about ppl doubnling their isk in weeks, earnin earnign bilions. Am i slow for may age (alt's maybe 2 months active, with 2 more months of not playing, only training skills)? Am i doing allright?
I'm struggling all the time, and am not sure... Am i doing it wrong?
ty for your input
|
Ambo
Dirty Deeds Corp.
Axiom Empire
|
Posted - 2008.08.07 11:13:00 -
[2]
I don't really understand. Why do you care if I think you'r successfull or not?
Compared to me. No, you're not successull. Compared to many others you're doing pretty well though. The question is are you having fun? If the answer is no then it does not matter how many billions are in your wallet.
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Joxxy
|
Posted - 2008.08.07 11:20:00 -
[3]
Are you making profit ?
Your a success.
|
Re Seller
|
Posted - 2008.08.07 11:35:00 -
[4]
Edited by: Re Seller on 07/08/2008 11:35:53
 Originally by: Ambo
I don't really understand. Why do you care if I think you'r successfull or not?
Compared to me. No, you're not successull. Compared to many others you're doing pretty well though. The question is are you having fun? If the answer is no then it does not matter how many billions are in your wallet.
because i want you to push me in the right direction. That's why i've given all those details.
Generally, what do you do to be so much more successful?
i would very much appreciate any and all pointers i get...
|
lilija
Capital Innovations
|
Posted - 2008.08.07 11:36:00 -
[5]
Positive null is success 
|
AntonioBanderas
The Bastards
|
Posted - 2008.08.07 11:41:00 -
[6]
Edited by: AntonioBanderas on 07/08/2008 11:41:27
meh
__________________________________________________
I can say ASS!!! And SHIT!!!! \o/
|
Re Seller
|
Posted - 2008.08.07 11:42:00 -
[7]
the thign is, i read about ppl making crazy isk.
what am i doing wrong?
|
Re Seller
|
Posted - 2008.08.07 11:45:00 -
[8]
Originally by: Ambo
I don't really understand....
here's why:
Originally by: Riho
i dont get why ppl bother to steal like 2 bil isk worth of crap.
2 could be made half asleep in a week doing trades.
How the ****?
|
Joxxy
|
Posted - 2008.08.07 11:58:00 -
[9]
I guess you could do 1 bil a week, but with some 10 bil invested.
Its like RL - money loves money 
|
northwesten
Amarr
Trinity Corporate Services
|
Posted - 2008.08.07 12:04:00 -
[10]
For me to be successful
Not to burn out.
Gain good reputation.
Also providing good service to share holders.
Meeting your personal goals.
Meeting your corporate goals.
And last and most important having fun doing it :
Trinity Corporate Services
|
Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2008.08.07 12:07:00 -
[11]
I once made 20b isk in an hour
ofc I lost 20.5b isk in the next hour
I am not a succes
epeen contest satisfied?
--
|
Re Seller
|
Posted - 2008.08.07 12:25:00 -
[12]
Originally by: Treelox
I once made 20b isk in an hour
ofc I lost 20.5b isk in the next hour
I am not a succes
epeen contest satisfied?
not at all epeen contest. i don't need your numbers, iall i need is 'you're doing it wrong/righ'
|
Re Seller
|
Posted - 2008.08.07 12:35:00 -
[13]
Originally by: northwesten
...
Gain good reputation.
Also providing good service to share holders.
Meeting your corporate goals.
Oh, i'm not big enough to go there. I'm still small fish, going solo for myself.
And yeah, i'm having fun.
|
KtoJest
Minmatar
|
Posted - 2008.08.07 13:43:00 -
[14]
Quote:
although i'm developing really deep love for it. Economy has started to fascinate me.
...i think you've got the basics here.
when i spend too much time 'bean counting' my 'risk perspective' gets skewed to being too conservative - opportunities lost. ;) |
Pax Empyrean
|
Posted - 2008.08.07 13:52:00 -
[15]
Having fun is priority number one. The people who make billions have a ton of capital at their disposal. The thing about being a trader is that it scales well. You can be the most badass combat pilot in the universe and your income will still be limited by how much you can do with one ship.
On the other hand, a character with a few billion ISK, a couple hundred region-wide orders and contracts to haul stuff around will be influencing things and making money on a much wider scale.
Your character's only a couple months old, so you'll have fewer orders available and less capital to work with. Don't worry about making billions just yet. I'd suggest just getting a feel for the different markets; minerals, modules, rigs, BPs, whatever. With your background in rig production you probably have some extra insight there which might be useful.
I'd focus on training up to get more open orders until you have reached a level where most of your cash is tied up in the orders you've got, then focus on margin-increasing skills like Accounting and Broker Relations.
|
Proton Power
Amarr
Power Corrupts Tech
|
Posted - 2008.08.07 13:56:00 -
[16]
Honestly success (yea can't spell) is based on what you think, if you want 200trillion isk then honestly your probalby not a success yet, but if you want to understand trading and make isk doing it, then your successful. Its all based on your standards.
Earn Isk on your Idle Isk Today! |
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 14:55:00 -
[17]
Edited by: YouGotRipped on 07/08/2008 14:55:59
Originally by: Re Seller
Originally by: northwesten
...
Gain good reputation.
Also providing good service to share holders.
Meeting your corporate goals.
Oh, i'm not big enough to go there. I'm still small fish, going solo for myself.
And yeah, i'm having fun.
Drop me a mail if you're willing to take a more profitable approach to trading. It will quite possibly require you to relocate (you're in gallente space?) and join my corp.
|
Joey Meow
MURAKAMI INDUSTRIES
|
Posted - 2008.08.07 18:18:00 -
[18]
For me success would come when CCP allows to sell ISK for RL cash, then I could sell all my ISK and buy myself a brand new SUV.
|
Dr Missy
Fyre Industries
|
Posted - 2008.08.08 01:27:00 -
[19]
Edited by: Dr Missy on 08/08/2008 01:28:45
Deleted, as I don't want to reveal as much as I wrote.
The trick is to aim for something and work till you get it.
|
Andalusia Rohr
The Scope
|
Posted - 2008.08.08 02:28:00 -
[20]
What is success?
Two consecutive transactions in my wallet:
Bought Infrared S for 2.01 ISK
Sold Infrared S for 950 ISK
No matter what my total amount of ISK happens to be, I feel like I am a successful trader.
AR
|
Kwint Sommer
Caldari
XERCORE
|
Posted - 2008.08.08 03:43:00 -
[21]
If you're having fun and can afford to do what you want to then you're a success.
ISK isn't everything, I could afford a faction fit mothership but lately I've been having a blast zipping around Fountain in a Inty that's barely worth 50M. Lately, I've been having more fun in that Inty than any of my capital ships. In the pursuit of money and bigger toys don't forget that they are not ends unto themselves.
To answer your question, if you know what you're doing you definitely turn 1M into 1B in two months trading but you're liable to burn out if you throw yourself into it that hard. I personally pay out the better part of 2B a month to investors and make a decent bit for myself and I'm poor compared to some of my friends and many members of this board.
Purchasing and Shipping Moon Minerals |
Sicil Fioet
Minmatar
|
Posted - 2008.08.08 11:59:00 -
[22]
Imho success is when you love what you do as a trader and at the same time for same amount of effort you are making more money than most other players make with other ISK-making activities, such as ratting and mining in 0.0 space, doing missions, inventing and building, running exploration sites, pirating, mercing, and whatever else widespread ISK-making profession in EVE. The combination of those two factors would just spell out "score!"
|
Kazzac Elentria
|
Posted - 2008.08.08 13:03:00 -
[23]
Originally by: Kwint Sommer
ISK isn't everything, I could afford a faction fit mothership but lately I've been having a blast zipping around Fountain in a Inty that's barely worth 50M. Lately, I've been having more fun in that Inty than any of my capital ships. In the pursuit of money and bigger toys don't forget that they are not ends unto themselves.
Fun for me has been getting being getting kill rights by getting ganked in low sec in a cheap hauler with 10 mil of cargo as bait, so I can turn around in bring in the HAC.
I win some, I lose some but it has been more fun than setting up 20 invention jobs a day, 50 manufacturing jobs every other day or so, processing 300 market orders, etc...
So I think success in EVE is undefinable since it adapts and changes to each and every persons play styles and goals for that particular moment in time. For me the success has been having the ability to do the above and not have to worry about funding for it. |
Ava Santiago
Minmatar
|
Posted - 2008.08.09 17:27:00 -
[24]
My measure of success is calculated in 2 components.
Return on Investment
Return on time
To measure ROI I look at the NAV of the orders and Isk I have invested in my trading activities. If it is greater than 5% I'm happy. (Threshold for not handing a bank my spare isk.) Ergo, if you have 100 million in trading isk and items and you make 5 million a week, you beat my basic benchmark. (Actual ROI Can be MUCH higher depending on turnover etc.)
To measure return on time: I look at the amount of isk I can make per activity based on my expected play time. If I have 30 minutes I can't run most level 4 combat missions. .. I can update my orders. Since you appear to be a miner you may want to look at the remote order skills as they would enable you to update and place orders while mining thereby improving your return on time.
With trading and most industrial activities, I would strongly suggest remembering that they scale better over the long run. In the short term, most pilots do better running missions or ratting. Once you get 4-5 businesses running at full scale, industry massively outperforms missions and ratting.
Concord doesn't provide consequences. Concord provides insurance payouts. |
Khrillian
Minmatar
Sebiestor tribe
|
Posted - 2008.08.11 22:22:00 -
[25]
You might consider doing reprocessing trading - buy stuff below mineral reprocessing value, reprocess, and sell the minerals. The advantage of this is very high liquidity - minerals sell very quickly in EVE and have small spreads, so in a pinch you can sell to buy orders and still make decent money.
Also, keep your order volumes as low as you can tolerate and train up margin trading. This way you can better manage your inventory.
If you are getting too much of an item and it's selling slowly (even though you're the lowest available order), consider lowering your buy price - you'll make more profit and control your inventory.
|
RaWBLooD
|
Posted - 2008.08.12 02:30:00 -
[26]
A success is when you achieve something whether you aim for it or not and are happy about it.
miners-you can: switch, rob, wardec, nerf, scam them, buy below market, pirate them on their way to sell. mining < trading, ratting, manufacturing from market bought minerals,they still wont go away |
Kldraina
|
Posted - 2008.08.18 00:40:00 -
[27]
For me, success is having more money than I know what to do with. Mostly because my favorite part of having money, is giving it away.
I have successfully made money, had fun, aided friends, and messed with the market.
Things I'm still working on:
Conquering the Essence Market (not gonna happen in my lifetime)
Piloting a Dreadnaught (don't have the skills or spare cash yet)
Passive shield tanking an Amarrian Dreadnaut for laughs (see above)
Passive shield tanking an Amarrian Titan for even bigger laughs (never gonna happen)
Solo funding alliance level projects (need more income)
P.S. The introduction of Capital Ships really upped the amount of income needed for me to have more money than I know what to do with.
PPS, if you make more than 10% a month trading, you're a success. I say that, because none of the bond offerings I've seen give more than that. |
Sikozu Prioris
Suns Of Korhal
Intrepid Proprietary Alliance
|
Posted - 2008.08.18 02:07:00 -
[28]
This is success;
Success
|
Astorothe
Aperture Science Industries
|
Posted - 2008.08.18 04:29:00 -
[29]
Since it's a game, I guess I would be predictable and say that as long as you are having fun, then you're sucessful.
If you want to be sucessful competively, like a lot of us, then I guess it could be measured by ISK/Time and Net worth?
Aperture Science Industries are recruiting players from Perth, Australia | Eve Online Web Design Services |
Laari Neros
|
Posted - 2008.08.18 12:52:00 -
[30]
Edited by: Laari Neros on 18/08/2008 12:51:55
thanks for your input.
According to most of you, i can call myself successful.
Plus, the fun is definitely here...
A lot of good tips here, also...
|
| |
|
| Pages: [1] 2 :: one page |
| First page | Previous page | Next page | Last page |