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How am I to interpret market volume data?
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Lazy8s
Caldari Provisions
Caldari State
#1 - 2013-08-06 18:08:11 UTC
Ok thanks to your advice and one amazing person's in game donation to my wallet (I won't say whom unless they want the recognition), I turned a decent profit yesterday trading. I didn't earn much but about 3mil my first day felt pretty good since I kept buys to ~100 per item while I felt out the markets. However, I woke up with some questions:

One thing I am very confused about is market volume. The market data in game shows the volume, but my sales did not seem to match this. One particular item showed approximately 2000 per day. I spent almost all day/night as the lowest seller and only offloaded about 83 out of 100 units. Now, I only bought 100 units then I did not post another buy order, and I did get my 100 units rather quickly. Does that mean only a few hundred units sold but potentially 1800-1900 units were purchased through buy orders?

I'm reading all of these threads (and people in game kept bragging) about making 1bil isk per month. Given that margins decrease as volumes increase, are people actually making that much off station trading?? I can't imagine making 1bil even if I trades every item on the market!

I see plenty of buy orders for 10,000 units and sell orders for 5,000 units of low volume items. While this certainly reduces the need to place buy/sell orders it must take ages to fulfill them! Does this strategy do anything other than save time making buy/sell orders? I've tried hard to think of an advantage but I honestly can't think of anything.
Rhivre
TarNec
Invisible Exchequer
#2 - 2013-08-06 18:20:47 UTC
Random item market data table

The "Orders" is how many times someone right click bought OR right click sold the item

The "Volume" is the number of individual units of an item bought AND sold across the entire region.

The Average Price tells you whether something is going to buys or sells.

In this random item in a random region, the price is slightly closer to "High" than "Low" which means they are going to marginally more sell orders than buys.

Main Market Page for the item

The "Low" price today is 360k, and that means something has been sold to the region wide buy order. The High is 805k, which is an order out in the sticks.

When finding an item to station flip, I try find items where the "Average" is roughly equally between the high and low. In the forge the high and low price is usually Jita Sell and Jita Buy


10,000 unit orders for low volume items can be manufacturers wanting the mats/items, it can be people trying to get a stock for shipping elsewhere, or it can be margin scams.

Fluffy Bunny Pic!

Lazy8s
Caldari Provisions
Caldari State
#3 - 2013-08-06 22:08:22 UTC
Rhivre wrote:
Random item market data table

The "Orders" is how many times someone right click bought OR right click sold the item

The "Volume" is the number of individual units of an item bought AND sold across the entire region.

The Average Price tells you whether something is going to buys or sells.

In this random item in a random region, the price is slightly closer to "High" than "Low" which means they are going to marginally more sell orders than buys.

Main Market Page for the item

The "Low" price today is 360k, and that means something has been sold to the region wide buy order. The High is 805k, which is an order out in the sticks.

When finding an item to station flip, I try find items where the "Average" is roughly equally between the high and low. In the forge the high and low price is usually Jita Sell and Jita Buy


10,000 unit orders for low volume items can be manufacturers wanting the mats/items, it can be people trying to get a stock for shipping elsewhere, or it can be margin scams.


Thanks! I knew it had to be easier than I was making it!