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New trading alt - TIps please.
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King Khaan
Doomheim
#1 - 2012-05-14 03:24:00 UTC
Hi there,

I am bored with what i am doing in eve till now and so decided to try something new. I have never done any mining/manufacturing/research or trading till now. So i am planning to try some trading.

Since this is just to try out something new, I am not aiming for astounding profits.

I will be rolling out a new alt for this so i want to know the skill i that will help me. Obviously the trading skills, but will a freighter help in any way? or social skills? or refining skills etc?

I assume station trading is a bit more complicated than inter region trading?

Isk is not an issue her, i can invest from my other chars but what would you say a reasonable amount to invest in?

Any other help would be much appreciated. I know the scams, know the basics and i am doing this for fun so any tips to make trading enjoyable is more useful for me.
Gettinsome
Dawn Trading
#2 - 2012-05-14 04:20:46 UTC
Just get those trading skills to V, have a good spread of items and hope for the best that CCP or major alliances don't ruin that for you in some way. Station trading is very competitive but in my opinion safer as your never gonna get ganked for your cargo. Try a small trading hub, only use a portion of your isk incase it goes pair shaped. Jita and Amarr are ripe with 0.1 iskers and its hard to get a start sometimes.

My 2 cents
Mila Chancel
Fungibility Inc.
Invisible Exchequer
#3 - 2012-05-14 06:47:17 UTC
You do not need too many skills to start out, I moved this char to Jita pretty much straight after the tutorials, so she now has 1.2m skills total, of which 900k are in trade.

Head towards Accounting and Broker Relations ASAP, I also got margin trading up to IV as soon as possible.

As to which hub? That depends on your playstyle. Jita caters to both the hectic active at the keyboard trading, and the fire and forget trading style (although the latter requires more research to find). The bonus of jita is everything sells, eventually. Smaller trade hubs do not have the volume, but are definitely profitable.

Starting ISK gives you a boost, and means you do not have to do the "Buy 10 drones, sell, buy 15 drones, sell, buy 20 drones, sell" build up.
I started in Jita with around 1m, but that is just because my main is tight and never sends iskies ^^

My advice would be give it a go for a couple of days in a couple of locations, find one which suits your style of trading :)


Inter-regional trade can also be profitable, but it is not something I have ever gotten into
cigarellos
#4 - 2012-05-14 06:54:01 UTC
There are many different trading styles and I'm sure a lot of people will disagree with my advice, but either way, it works for me.

What you need

  • Accounting and Broker Relations to level 5 (be patient)

  • Raise Caldari Navy and Caldari State standings so your broker fees are low and you can trade with very thin margins. (this is the #1 thing people overlook and why they complain they can't make ISK in a heavy competitive market like Jita. If you have better skills than the competition he won't be able to follow you when you undercut him and you will still make profit, provided he is using buy orders like you, of course)

    • (There's a few ways to raise standings very fast without killing yourself in a very short time. You should be grinding those while you wait for the skills to be done.)

    Where to go?

  • Go to Jita and never undock. One station to rule them all.

    • (Yes, you get competition like every other place. But if you want to make ISK fast, Jita is the way to go as long as you take care of the skills and standings first. Some items get 0 competition during certain hours or even a full day, but if you go straight for say "Damage Control II" or any other popular module, of course you'll get outbid in less than 1 min. However, if you baby sit the order for some minutes, most of the time the competition takes a break or is not paying attention and lets you grab a few items. Sometimes they just give up completely after only 3-4 updates (15-20 minutes) Rinse and repeat with both buy/sell.

  • Forget about buying a freighter. Use other people's freighter AND time. (Freighter services, I use Red Frog, or a friend and always use collateral) Buy stuff in outer hubs with an alt and send it back to Jita, instead of shipping out of Jita and sitting 5 hours on those Warrior IIs or Nanite Repair Paste when they could've been long gone 4 hours ago if it was in Jita.

    • That's how I do it.

    If the Jita dragon defeats you, then you can do what the other poster said. Go to a minor hub with less competition where the spread is bigger. That way you won't need perfect skills/standings and still make some profit. Keep in mind the selling/buying will go slower though.

    Other than station trading:

  • You can trade between hubs, between regions. (Use http://eve-central.com/tradetool/ to see profitable routes between stations and systems. You might want to double check with an alt in case the price/order is outdated) In this case, you can pretty much buy anything in Jita and sell elsewhere for a profit, but like I said, at a slower rate.

  • You can also put system and region wide orders, but I have no experience with this.

  • Look for manufacturers to sell you stuff so you can re-sell it at a profit.

  • Stock popular low-sec systems with pvp modules and drones,ammo like Amamake or Tama (very easy and safe to do with a cloaky transport)

  • Join the mailing list "Bulk Trade" where people lately sell .1 isk cheaper than Jita sale price, but sometimes you can grab good deals.

    • I'm sure I'm missing a lot more stuff but that's all I can think of now.

    Bottom line is, you want to make ISK by taking advantage of other people's time. I have tried the majority of what I listed and my opinion is Jita is best.

    Good luck,

    -cig
    Rengerel en Distel
    #5 - 2012-05-14 11:35:00 UTC
    The biggest thing new traders seem to forget is that with buy orders, you only need to be the one on top in the selection you're buying from. If you're in a station and your range is a station and someone 10 hops away buying from a station is higher than you, it doesn't matter.

    Also, you only need to be 0.01 isk higher than your competition. The only time you shouldn't 0.01 isk a buy order is if you're trying to shake off competition by slashing profit. If the buy is 190000 and you raise it to 190100, you're just throwing away isk, as you're not going to throw off anyone. The mouse scroll wheel goes in 0.01 isk increments for a reason.

    Clicking the box to show your orders in the market settings is also a nice change that simplifies everything.

    With the increase in shiptoasting, the Report timer needs to be shortened.
    Doggfather san
    420 Enterprises.
    #6 - 2012-05-14 12:02:57 UTC
    King Khaan wrote:
    Hi there,

    I am bored with what i am doing in eve till now and so decided to try something new. I have never done any mining/manufacturing/research or trading till now. So i am planning to try some trading.

    Since this is just to try out something new, I am not aiming for astounding profits.

    I will be rolling out a new alt for this so i want to know the skill i that will help me. Obviously the trading skills, but will a freighter help in any way? or social skills? or refining skills etc?

    I assume station trading is a bit more complicated than inter region trading?

    Isk is not an issue her, i can invest from my other chars but what would you say a reasonable amount to invest in?

    Any other help would be much appreciated. I know the scams, know the basics and i am doing this for fun so any tips to make trading enjoyable is more useful for me.



    Hey good to have you in the trading game. Check out our Trading Training Blog on our website http://420enterprises.weebly.com

    http://420enterprises.com