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No isk untill stock of items built up?
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Theron Urian
Caldari Provisions
Caldari State
#1 - 2013-03-30 14:48:54 UTC
Hello all, I recently took the plunge and made a station trade alt after posting questions on here a long time ago.

I have a concern that you maybe can lay to rest. I have an "ok" amount of capital (600m) on my trader and am in Amarr buying and selling (more buying as I have no stock X ). I have made sure to only trade in items with at least 50+ per day moved but mostly in the 100 and 150+ range.

My purchased items are rolling in so slow even with keeping buy orders on top of the list that I can make more money from going out in my tinny little venture from the starter business missions, does it get better once I have a base stock of items built up or is this an issue of not enough capital?

Basically should I calm down and relax or does some thing I am doing need to change?
Blueprint Seller
Bring Me Sunshine
#2 - 2013-03-30 15:02:47 UTC
Have you trained margin trading yet?
Theron Urian
Caldari Provisions
Caldari State
#3 - 2013-03-30 15:13:27 UTC  |  Edited by: Theron Urian
Blueprint Seller wrote:
Have you trained margin trading yet?


Not yet, he is fairly new so mostly just the basics Trade, Retail, Accounting and Broker relations.

I am guessing margin trading would be a significant capital boost, as long as I keep a watch over my wallet.

I guess I am just in the zone of not enough active orders and capital maybe.
Rhivre
TarNec
Invisible Exchequer
#4 - 2013-03-30 15:24:43 UTC
It can take a bit of time, most of my station traders started out with 1-2m, and at first, it seemed to go so slowly.

You can always do T2 trading, as those items move a bit faster.

Sometimes it is not about volume, but about margin. Those items take time to find, and are quite nerve-wracking with hoping others do not spot what you just found before you get to cash in.

Neither capital, nor stock is the issue, although of course, both can help, but 600m is more than enough to be starting out with, even if you are limited to items with 10% margin due to sucky standings

Take another look through the market, and keep your stock rotating, stuff sitting in the hanger is not earning you isk as a station trader.

Fluffy Bunny Pic!

Blueprint Seller
Bring Me Sunshine
#5 - 2013-03-30 15:25:13 UTC
Theron Urian wrote:
Blueprint Seller wrote:
Have you trained margin trading yet?


Not yet, he is fairly new so mostly just the basics Trade, Retail, Accounting and Broker relations.

I am guessing margin trading would be a significant capital boost, as long as I keep a watch over my wallet.

I guess I am just in the zone of not enough active orders and capital maybe.

As you have limited isk and are finding that your buy orders are filling slowly, that is an ideal case for training margin trading so you can place many more buy orders with the same amount of isk.

In addition, review the items you are trading. You said you looked for items with 50+ daily movement, but you didn't say how much of that movement was into buy orders (and thereby available for you to purchase). Look at the market graph, see where the yellow dots land inside the channel. If the yellow dot is at the top then all the action is at sell price, making it hard for you to acquire this item through your buy orders. If the yellow dot is further down then there is some action at the buy price, which is what you will need in order to station trade it. You don't want items where all the action is at buy price either.
Theron Urian
Caldari Provisions
Caldari State
#6 - 2013-03-30 15:34:29 UTC  |  Edited by: Theron Urian
Blueprint Seller wrote:
Theron Urian wrote:
Blueprint Seller wrote:
Have you trained margin trading yet?


Not yet, he is fairly new so mostly just the basics Trade, Retail, Accounting and Broker relations.

I am guessing margin trading would be a significant capital boost, as long as I keep a watch over my wallet.

I guess I am just in the zone of not enough active orders and capital maybe.

As you have limited isk and are finding that your buy orders are filling slowly, that is an ideal case for training margin trading so you can place many more buy orders with the same amount of isk.

In addition, review the items you are trading. You said you looked for items with 50+ daily movement, but you didn't say how much of that movement was into buy orders (and thereby available for you to purchase). Look at the market graph, see where the yellow dots land inside the channel. If the yellow dot is at the top then all the action is at sell price, making it hard for you to acquire this item through your buy orders. If the yellow dot is further down then there is some action at the buy price, which is what you will need in order to station trade it. You don't want items where all the action is at buy price either.


And that would explain evrey thing! Just checked the median day price on all my orders, the ones that see good movement are either at the middle to low end of the range, the ones that I have had up for days with out hardly purchasing a thing, damn near at the top.

Boy do I feel silly now for only looking at the number for movement and not the graph.

Thanks for the tips evrey one. Lol

*Edit*

I think I will also feed some more capital to my trader along with train margin trading.
Rhivre
TarNec
Invisible Exchequer
#7 - 2013-03-30 15:58:28 UTC
I personally prefer the table when selecting items for station trading, for me, it gives an easy at a glance peek at whether stuff is going to buys or sells, and an easy view of daily volume, but remember, that is region wide, not just at the hub.

Fluffy Bunny Pic!

Theron Urian
Caldari Provisions
Caldari State
#8 - 2013-03-30 16:09:36 UTC
Rhivre wrote:
I personally prefer the table when selecting items for station trading, for me, it gives an easy at a glance peek at whether stuff is going to buys or sells, and an easy view of daily volume, but remember, that is region wide, not just at the hub.


Yah I am looking at both now. I suspect when I have more isk to throw around I may go back to mostly looking at the table, as having a few buy orders moving slower would not be as much of a slow down as it is now due to the sheer bulk of buy orders the higher capital allows.
Theron Urian
Caldari Provisions
Caldari State
#9 - 2013-03-31 01:19:45 UTC
Well profit for day one of trading with 600m starting capital looks to be around 25-30m.

I don't know if that is bad or really bad.

How long did it take for some of you to start hitting your stride with trading and learning the market? I am not sure if i am being overly critical of the profit i made
Rengerel en Distel
#10 - 2013-03-31 02:16:26 UTC
Theron Urian wrote:
Well profit for day one of trading with 600m starting capital looks to be around 25-30m.

I don't know if that is bad or really bad.

How long did it take for some of you to start hitting your stride with trading and learning the market? I am not sure if i am being overly critical of the profit i made


depends on your goal ... is your goal to be able to plex that account by just trading? if so, making 900M/month does that. If your goal is to plex 2 accounts, then you're a bit low.

With the increase in shiptoasting, the Report timer needs to be shortened.
Griau 2
Science And Trade Institution
#11 - 2013-03-31 04:26:49 UTC
Theron Urian wrote:
Well profit for day one of trading with 600m starting capital looks to be around 25-30m.

I don't know if that is bad or really bad.

How long did it take for some of you to start hitting your stride with trading and learning the market? I am not sure if i am being overly critical of the profit i made


You can make yourself view at things way simplier: are you having fun while trading? If you are, goal achieved.
Theron Urian
Caldari Provisions
Caldari State
#12 - 2013-03-31 16:27:24 UTC
Rengerel en Distel wrote:
Theron Urian wrote:
Well profit for day one of trading with 600m starting capital looks to be around 25-30m.

I don't know if that is bad or really bad.

How long did it take for some of you to start hitting your stride with trading and learning the market? I am not sure if i am being overly critical of the profit i made


depends on your goal ... is your goal to be able to plex that account by just trading? if so, making 900M/month does that. If your goal is to plex 2 accounts, then you're a bit low.



I guess its not that bad considering that my income potential has no upper limits on it compared to running L4s or other forms of income.

Heck even at only 30-35 mil per day income if I add in some PI in low sec I can afford 2 plex a month and pay for both my accounts.
Theron Urian
Caldari Provisions
Caldari State
#13 - 2013-03-31 16:35:41 UTC
Griau 2 wrote:
Theron Urian wrote:
Well profit for day one of trading with 600m starting capital looks to be around 25-30m.

I don't know if that is bad or really bad.

How long did it take for some of you to start hitting your stride with trading and learning the market? I am not sure if i am being overly critical of the profit i made


You can make yourself view at things way simplier: are you having fun while trading? If you are, goal achieved.


I wouldn't say it is that exciting type of fun, but I am am enjoying the competition and trying to out think and lower the profit margins to scare away the .01 iskers while still making money myself.

Plus I can trade with fairly minimal attention letting me read and watch shows/movies, but I think I should probably do more market research instead lol.

Well thanks evrey one, maybe in a month or 2 I can post here bragging about my income. Big smile