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Disfail
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Posted - 2011.03.09 23:15:00 -
[1]
Or am I doing something wrong. I dont see how buying product A for 503,000 to sell it for 514,000 is profitable at all. Considering some variables. Theres 14 other guys .01 isk'ing against you and you hardly ever actually get a sell order filled. Then once you've finally filled one. Now your battling seller A for .01 isk less of a sell.
Now don't get me wrong, I've found a couple of nice differences where I double my money with each sale and theres not much competition. But, its things that trade maybe a volume of 3-5 a day. So I'm making money, but at a slow pace. I started with 1.4 billion a week ago. And today my total assets are wroth 1.9bil. But really, the buy/sell margin is so small... are people really make any money?
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Caldariftw123
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Posted - 2011.03.09 23:19:00 -
[2]
Originally by: Disfail Or am I doing something wrong. I dont see how buying product A for 503,000 to sell it for 514,000 is profitable at all. Considering some variables. Theres 14 other guys .01 isk'ing against you and you hardly ever actually get a sell order filled. Then once you've finally filled one. Now your battling seller A for .01 isk less of a sell.
Now don't get me wrong, I've found a couple of nice differences where I double my money with each sale and theres not much competition. But, its things that trade maybe a volume of 3-5 a day. So I'm making money, but at a slow pace. I started with 1.4 billion a week ago. And today my total assets are wroth 1.9bil. But really, the buy/sell margin is so small... are people really make any money?
33% in 1 week .. make that week after week and you'll have 4.5bill odd by the end of a month. Not so bad huh? All the extra isk you earn lets you take part in more and more market areas, and soon you can find some you can control.
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Disfail
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Posted - 2011.03.09 23:26:00 -
[3]
eh yea its actually not so bad when you put it that way.. heh
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Strrog
Caldari Caldari Provisions
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Posted - 2011.03.10 02:05:00 -
[4]
I have traded on an alt operating maybe 100 plus buy/sell orders. I had profit margins from 10% up to 45%. Trading is not for casual gamer as it requires constant attention and pretty much 24/7 updating of your orders. I have quit the trading as it was too annoying for me to update 100 plus order every 15 minutes lol.
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Tutskii
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Posted - 2011.03.10 02:07:00 -
[5]
Thats about it. Some things need more work, some less, some make more, some make less.
Find some that work for you and go nuts!
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Dynast
Osirians Of Eve Curatores Veritatis Alliance
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Posted - 2011.03.10 02:49:00 -
[6]
Originally by: Strrog I have traded on an alt operating maybe 100 plus buy/sell orders. I had profit margins from 10% up to 45%. Trading is not for casual gamer as it requires constant attention and pretty much 24/7 updating of your orders. I have quit the trading as it was too annoying for me to update 100 plus order every 15 minutes lol.
Eh, Trading is fine for the casual gamer as long as they're honest with themselves about their goals. For example, I want to pull in at least fifty mil a day to cover my near-daily BC losses, and updating orders a couple times a day is more than sufficient to cover that.
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Strrog
Caldari Zero Excavations
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Posted - 2011.03.10 02:51:00 -
[7]
Originally by: Dynast
Originally by: Strrog I have traded on an alt operating maybe 100 plus buy/sell orders. I had profit margins from 10% up to 45%. Trading is not for casual gamer as it requires constant attention and pretty much 24/7 updating of your orders. I have quit the trading as it was too annoying for me to update 100 plus order every 15 minutes lol.
Eh, Trading is fine for the casual gamer as long as they're honest with themselves about their goals. For example, I want to pull in at least fifty mil a day to cover my near-daily BC losses, and updating orders a couple times a day is more than sufficient to cover that.
Hehe have you tried hub trading? Thats where you must update orders like every 5 minutes to actually have turnover :).
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Dynast
Osirians Of Eve Curatores Veritatis Alliance
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Posted - 2011.03.10 03:22:00 -
[8]
Originally by: Strrog Hehe have you tried hub trading? Thats where you must update orders like every 5 minutes to actually have turnover :).
If by 'hub trading' you mean Jita trading, sure. Even in Amarr and Rens there's more slack to work with, and the further down the list you go the less aggressive competition gets.
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Florestan Bronstein
Amarr Taishi Combine
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Posted - 2011.03.10 08:03:00 -
[9]
Originally by: Strrog Hehe have you tried hub trading? Thats where you must update orders like every 5 minutes to actually have turnover :).
If that were true prices would never change.
Fact is prices fluctuate and every time they rise some sell orders that were not the lowest ones get bought out while each time they fall some buy orders that were not on top get filled.
And these fluctuations happen on smaller and larger cycles all the time - each day, every week.
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Bom Barley
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Posted - 2011.03.10 08:48:00 -
[10]
Advertising alert :
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Supports cache reading, igb browsing, and more !
Now five times more expensive than before, because it's so awesome !
/advertising
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.03.10 09:19:00 -
[11]
Originally by: Disfail I dont see how buying product A for 503,000 to sell it for 514,000 is profitable at all.
Well, that's not even a 2.2% margin, unskilled traders without standings would actually lose money attempting to trade it. Highly skilled and max-standings traders could make around 1.1% (~5.5k ISK per transaction pair).
Quote: I started with 1.4 billion a week ago. And today my total assets are wroth 1.9bil.
Sounds pretty decent, actually. I guess it would depend how much that means in hours spent updating orders.
Quote: But really, the buy/sell margin is so small... are people really make any money?
The real money is in high-volume items with margins well over 3%. Yes, there are items like that. Search and you will find _
Make ISK||Build||React||1k papercuts _
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Durnin Stormbrow
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Posted - 2011.03.10 14:30:00 -
[12]
Originally by: Akita T The real money is in high-volume items with margins well over 3%. Yes, there are items like that. Search and you will find
...and don't stop searching simply because you've found your cash cow. Today's cash cow will be tomorrow's dud after everyone else has jumped on it.
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Rule18
Capsuleer Races And Violent Events Inc. Taurus Quantum Dynamics
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Posted - 2011.03.10 15:00:00 -
[13]
with lower volume goods and regional trading its possible to still make decent income with as little as one update a day (PLEX -> 6bil in 2 months right here).
-----Signature----- CRAVE, taking you beyond the capsule.
"If it can be named, it can be hated." -Rule18 |
Roguehalo
Caldari Deep Core Mining Inc.
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Posted - 2011.03.10 15:51:00 -
[14]
14 other traders?
Move somehere else!!
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Simon TraderOne
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Posted - 2011.03.10 17:50:00 -
[15]
Originally by: Rule18 with lower volume goods and regional trading its possible to still make decent income with as little as one update a day (PLEX -> 6bil in 2 months right here).
Since when is plex low volume
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Baycity Kitty
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Posted - 2011.03.11 16:21:00 -
[16]
I think he meant he started with 1 plex worth of isk^
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Alexi Blue
Minmatar
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Posted - 2011.03.11 16:29:00 -
[17]
You don't have to be .01 ISK warrior to make money with trading... ---
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Rule18
Capsuleer Races And Violent Events Inc. Taurus Quantum Dynamics
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Posted - 2011.03.11 16:58:00 -
[18]
Originally by: Baycity Kitty I think he meant he started with 1 plex worth of isk^
Yes. PLEX trading can work regionally too though... just expect low low margins
-----Signature----- CRAVE, taking you beyond the capsule.
"If it can be named, it can be hated." -Rule18 |
Zesoft
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Posted - 2011.03.11 23:48:00 -
[19]
Quote: The real money is in high-volume items with margins well over 3%. Yes, there are items like that. Search and you will find
How much activity would it take you classify something as 'high-volume'?
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Roguehalo
Caldari Deep Core Mining Inc.
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Posted - 2011.03.12 15:59:00 -
[20]
Edited by: Roguehalo on 12/03/2011 16:00:26
That really depends on the category of the traded item.
Let me give you 2 tips :-
1/ Open the market window and type ii into the search box. You now have a list of every tech2 item in the game. Click on the 1st item and then click on 'price history'. Now click on 'show table' and now you have a list of 'daily volume'. I used to look for stuff with a daily volume of 50+ but where you draw the line is up to you. Ok once you have a 'possible' trading item then you have to look at the buy pane of that item to assess the competition. If you see a wall of green then you are probably in Jita(or The Forge) and competition will be intense.
2/ Move out of The Forge. Look for a region and item where you can get a decent combination of volume v competition.
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.03.12 16:49:00 -
[21]
Edited by: Akita T on 12/03/2011 16:50:11
Originally by: Zesoft
Quote: The real money is in high-volume items with margins well over 3%. Yes, there are items like that. Search and you will find
How much activity would it take you classify something as 'high-volume'?
Very rough STRICTLY PERSONAL guidelines, minimum around 1 bil ISK daily traded volume, but preferably closer to 5 bil ISK and above, the more the merrier. However, you also want at least 100 units daily traded volume, preferably much, MUCH more than that.
For instance, tritanium would be one "high volume" item (insane number of units with tiny unit value) but would usually fail the 3% margin bit (at least around hubs), so I wouldn't bother with it normally (shipping it costs a lot, so not even worth buying region-wide cheap). Marauders would also technically qualify as high volume, but I'd usually reject trading in them even if margins would be much higher than 3% because of the low unit count moved on a daily basis, making it extremely likely for a lot of competitors to undercut me before my units would eventually sell (whereas for items with more moderate unit price, the usual churn can easily exhaust competitor stockpiles and result in me selling from orders I haven't even touched after being repeatedly undercut). And so on and so forth.
_
Make ISK||Build||React||1k papercuts _
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