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Drona Renta
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Posted - 2008.11.10 07:22:00 -
[1]
im interrested in hearing what kind of income your making from station trading, that is buy low sell high and never leave the station, and what kind of fund you have to support it.
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Dennmoth Ferdier
Scoopex
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Posted - 2008.11.10 08:51:00 -
[2]
Depends what you consider income, and income is dependent on the amount of funds you have available for investing in to the market.
I once started with 100 mil. With casual playing I had 200 mil a week later. If you have a billion, I can imagine you'd have 200/300 mil more a week later (with casual playing).
if you're packing multi-billion wallet, then it's good money but also a horrible 0.1 war on numerous orders.
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Heart for isk, Balls for risk. |
Amazing Grace
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Posted - 2008.11.10 12:35:00 -
[3]
Edited by: Amazing Grace on 10/11/2008 12:36:23
 Originally by: Dennmoth Ferdier
Depends what you consider income, and income is dependent on the amount of funds you have available for investing in to the market.
I once started with 100 mil. With casual playing I had 200 mil a week later. If you have a billion, I can imagine you'd have 200/300 mil more a week later (with casual playing).
if you're packing multi-billion wallet, then it's good money but also a horrible 0.1 war on numerous orders.
Man speaketh gospel 
If you're playing with 100 mill then it's relatively easy to have buy and sell orders on a few specific items, particular at a high quality mission station.
Sadly profitability does not scale up as there is not enough volume traded, even at Jita 4 M4, to make good use of multi-billions and so the more ISK you want to put into it, the harder it is to find items that trade in sufficient volumes to fully utilise your capital input.
Now when we have 500,000 players in Jita, then we could do some serious trading 
Edit: Typo
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Wadaya
Caldari
Trailerpark Industries
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Posted - 2008.11.10 19:33:00 -
[4]
More order slots = more potential income
Wad
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Asuna Otonashi
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Posted - 2008.11.14 21:47:00 -
[5]
was wondering if most traders do station trading og buy one place and haul to other hub and sell, and the other way around when going back. seem alot fast becaues you only have to w8 for the orders to sell, not w8 for your buy orders til fill first |
SencneS
Amarr
Rebellion Against big Irreversible Dinks
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Posted - 2008.11.14 23:18:00 -
[6]
Use a database, take the time to make one to track your buy and sell orders it makes it a very viable option.
On one product over the space of a week I turned 300mil into about 450mil with minimal bid wars (0.01 trade) and little effort. I did use about 10-15 market slots with just one Product, and the buy orders where placed at the station (No range).
On the flip-side before I stopped I had manipulated the price on the down slide, so I took 400mil purchased as much as I can, went exploring did some other stuff here and there, came back about three weeks later and sold it all for about 750mil. So my experience is long term/short term station trading is about the same.
So I just do long term now as it allows me to do other things. Although I could have made more in those three weeks, I would have also been stuck in the station for that time. |
Shar Tegral
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Posted - 2008.11.14 23:30:00 -
[7]
Originally by: SencneS
So I just do long term now as it allows me to do other things. Although I could have made more in those three weeks, I would have also been stuck in the station for that time.
OMFG This. Station trading is, imho, more mind numbing then ice mining or gas harvesting. I know this to be true since I've stopped station trading and went out and found other things to do in Eve. I might get my MD-ness revoked by unpopular acclaim but Eve is not about making isk or maximizing isk generation. Eve is a game and the truest thing each player can do is to maximize their game experience. Station trading may get you a bit of isk over time but the opportunity cost of doing so makes it a very poor activity in my book. |
ofstrife
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Posted - 2008.11.15 01:09:00 -
[8]
Originally by: Shar Tegral
Station trading is, imho, more mind numbing then ice mining or gas harvesting. I know this to be true since I've stopped station trading and went out and found other things to do in Eve.
Shar, I couldn't agree with you more.
EVE is a game, play it how you want to play it. If you have fun station trading, then go for it. Trading will make you a ton of money for sure, but it might also drive you bat**** crazy if you don't do other things too. |
Lady Valory
Caldari
Caldari Strike Force
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Posted - 2008.11.15 12:01:00 -
[9]
I just made 1.7 billion off manipulating the chromium market in jita. WHEE!
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YouGotRipped
Ewigkeit
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Posted - 2008.11.15 16:12:00 -
[10]
Originally by: Lady Valory
I just made 1.7 billion off manipulating the chromium market in jita. WHEE!
lol
Audits 101 - Mandatory prerequisites for receiving investment |
CornerStoner
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Posted - 2008.11.15 17:00:00 -
[11]
I tried station trading for a few weeks and allthough I made some substantial profits the micro-management aspect of it was too much work for the rewards. (read: Rewards=gameplay/entertainment).
I have since moved on to greener pastures.
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Tellathi
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Posted - 2008.11.15 23:08:00 -
[12]
Originally by: Shar Tegral
Station trading is, imho, more mind numbing then ice mining or gas harvesting. I know this to be true since I've stopped station trading and went out and found other things to do in Eve.
I might get my MD-ness revoked by unpopular acclaim but Eve is not about making isk or maximizing isk generation. Eve is a game and the truest thing each player can do is to maximize their game experience.
Station trading may get you a bit of isk over time but the opportunity cost of doing so makes it a very poor activity in my book.
Still being a noob in MD-relation, I'm still new enough to find pure station trading to be fun. Looking at orders, checking and updating them is something I do imagine will grow old fast. For me searching for good trades and updating transactions in my wallet is primarily the fun part.
I am starting to sorely miss the early days when the items I traded in had little competitiion from other traders. I'm finding my profit now to be directly related with amount of time spent maintaining my orders, so I forsee a self-created cap on earnings based on how much time I bother spending.
I suppose as my wallet outpaces my ability to invest time is when I'll start seriously looking for alternatives. Until then, I'm having fun. |
Kldraina
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Posted - 2008.11.16 00:27:00 -
[13]
I can't seem to make more than 500mil a month. Every time I think I'm gonna make more, I start goofing off and having fun, which promptly reduces my income. As for capital, I have around 10-15 bil in assets, but only around a third of that is in use at any given time. I think it's around 10 bil in actual trade stuffs, and 5 bil in stuff I'm never gonna sell. (I like my collection of ships, T2 gear, and BPOs.)
Currently, I'm having fun screwing with the market in a 0.0 station, which is where most of my profits (and sell orders) are getting spent right now. I need to get an alt though, 305 max orders is not enough.
Personally, I think station trading gets more fun with more funds because the more money you have, the more you can influence the market. |
Avalaren
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Posted - 2008.11.30 03:50:00 -
[14]
Anyone know where I could find a guide to this or want to help instruct me in the ways of station trading and market manipulation? I need income, and mission and mining just dont cut it atm.
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Kwint Sommer
Caldari
XERCORE
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Posted - 2008.11.30 03:58:00 -
[15]
Originally by: Avalaren
Anyone know where I could find a guide to this or want to help instruct me in the ways of station trading and market manipulation? I need income, and mission and mining just dont cut it atm.
Sure, I'd love to give you my secrets to making money in a very limited market in exchange for nothing of comparable worth. But that seems like too much work so can I just send you a few Bil instead?
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Avalaren
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Posted - 2008.11.30 04:00:00 -
[16]
Originally by: Kwint Sommer
Originally by: Avalaren
Anyone know where I could find a guide to this or want to help instruct me in the ways of station trading and market manipulation? I need income, and mission and mining just dont cut it atm.
Sure, I'd love to give you my secrets to making money in a very limited market in exchange for nothing of comparable worth. But that seems like too much work so can I just send you a few Bil instead?
Do what ya will. lol. But hey, I realize information has a price too :P
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Dragonz Fire
The Graduates
Morsus Mihi
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Posted - 2008.12.01 14:26:00 -
[17]
Originally by: Drona Renta
im interrested in hearing what kind of income your making from station trading, that is buy low sell high and never leave the station, and what kind of fund you have to support it.
it all depends on how much effort you put into it, how much capital you have, and your patience level.
Region wide buy orders are much lower (in terms of the buy price you set) than a station buy order will have much less volume, but you also have much less work. You don't have to camp your order every 5 seconds and courier contracts do all the work for you.
Station orders will have much higher volume (depending on the items). However it can be very time consuming if you want to stay on top of your orders.
The rest depends on how much capital you have and how many order slots you have available. 40 region wide buy orders with about 2bil can bring in about 60-100mil a day, sometimes less, sometimes more.
Station buy orders can generate a billion isk a day if you REALLY try hard and you have a few bil or more in capital. But this requires a full day of sitting at your computer, researching the right items and updating your orders every few minutes. I have never made a bil in a day (my patience level is very low and I have better things to do), but I believe it is very possible.
However most traders trade cuz they are lazy asses and want to do the least amount of work and receive the most amount of money. I fit into this category. I try and aim for 100mil a day. I update my region orders once every 3-4 days and my station orders 2-3 times a day for best results.
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lacal
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Posted - 2008.12.01 20:48:00 -
[18]
Started station trading as a supplement to mission running approx 5/6 weeks ago, initial wallet was 600Mill.
I was/am a total noob so set up buy orders on about 15 items before settling on 4 that had decent profit and turnover - purely buy low and sell high, no reprocessing shenanigans due to not having the skills.
Income from trading those 4 items in the last month has been just over 600Mill - detailed post with EMMA screens here
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Kw1jybo
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Posted - 2008.12.01 23:01:00 -
[19]
I use an alt to station trade. I log in when I start playing, spend 1/2 hour selling what I acquired in buy orders, adjust prices, place new orders, then log in my main and play.
I started with 5m seed money about a month ago. I now have 11m on hand cash, 30m in escore in buy orders, 6m in sell orders.
You can make decent money, and I use it as 'passive' income while I'm busy doing other things.
And I use an excel sheet to track all cost/income so I know where my breakpoint is on each item that I am selling.
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