Mark Democratic
   |
Posted - 2010.07.09 21:29:00 -
[1]
Dissatisfied with all other careers in EVE ( and I've tried them all in my 3 years of playing) I have decided to try the only career I have not delved into, that also interests me the most...trading.
Now, I like to think of myself as a smart person, give me a university math problem and I will solve it for you, but in regards to anything about markets, I am a complete IDIOT. I understand that the principle of Trading is "Buy Low, Sell High" so I have tried doing that, but its particularly hard to find sell orders that are low enough to sell to buy orders with a profit. Thus I come to my first set of questions.
1. Do I set up my own Sell Orders, as supposed to selling to buy orders?
2. Where Do I set up my Sell Orders, mission hubs, trade hubs, less-populated regions, maybe even low or null sec?
Now I have heard of this fad called "station-trading", where ( In Jita at least) one micromanages his sell orders, since the competition will just undercut you by a penny every 5 minutes. Now, I cannot allocate the time required to "station-trade" in this manner, so my next question is...
3. How do I deal with competition (even when not station- trading, competition in general)?
Another thing I have been wondering, is about these trade hubs. Whats the "trading rule" surrounding them, what I mean is...
4. Are trade hubs good place to get cheap goods, as the competition is high there.
5. And if #4 is true, then logically the outer, less populated regions are a good place to sell at higher prices?
One thing thats REALLY been bugging me is with this new PI mechanic, and its effect on the market. I have read on the forum about people who, after PI came out, purchased alot of these commodities that used to be sold by the NPC stations at low prices, and now have sold them at higher prices (since the price of these commodities have gone up, due to the labor of pilots involved to extract them). People made billions off this. I never even thought of that. How does one predict things such as these. Another example, if two major alliances begin fighting eachother, will this effect the market, and how will I know which items it will effect. My big question here is...
6. How does one predict curves, trends and the overall changes in the market? (Any examples would be appreciated)
But perhaps my biggest question yet, "What type of things should I trade?". Items with small volume? I have tried to sell Minerals like Zydrine in bulk, going from region to region, marking down the prices, and seeing if a buy order is higher than a sell order in another region, and selling like this to make a profit. But I havn't found that to be very successful, what else? Drones, ammo? Is this what traders make billions out of? I don't think so
7. What sort of things should a aspiring trader sell.
I cannot say I am a rich person, I have always been very spendy. In my three years of playing, never have I had a wealth that exceeded 200mil. I hope to change that. At this moment I have around 100mil I am willing to invest in trading. And I am NOT willing to do PLEX. I would like to see if I can become a billionaire without resorting to PLEX ( kind of feels like cheating to be honest)
Any help would be VERY well appreciated and recieved.
Thank You
|