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Is station trading a viable profession?

Author
Chris Carlyle
The Scope
Gallente Federation
#1 - 2013-12-10 10:54:28 UTC
For the past few months I've been running security missions. I used to think this would be my primary source of income.

Browsing trough my transactions, I found that I've made most of my ISK buying and selling skills, modules, ammunition and ships. Most of it in the same trade hub.

Truth be told. I like crunching numbers and micromanaging trades almost as much as I like blowing stuff up. Is it possible to make a living from station trading alone?

Do you know who's going to inherit New Eden? Arms dealers. Because everyone else is too busy killing each other.

Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#2 - 2013-12-10 11:08:02 UTC
Yes, if you don't mind an activity even more repetitive and less complex than security missions.
Rhivre
TarNec
Invisible Exchequer
#3 - 2013-12-10 11:54:22 UTC
Yes.

The repetitiveness of it depends on what type of station trading you do, it can range from manipulations (less repetitive) to 0.01ing at the other end.

Most people consider station trading to be only 0.01ing.
Most people are wrong :p
Lord LazyGhost
Sebiestor Tribe
Minmatar Republic
#4 - 2013-12-10 12:01:56 UTC
Rhivre wrote:
Yes.

The repetitiveness of it depends on what type of station trading you do, it can range from manipulations (less repetitive) to 0.01ing at the other end.

Most people consider station trading to be only 0.01ing.
Most people are wrong :p



i agree :) and my large bed of isk agrees :)
Chris Carlyle
The Scope
Gallente Federation
#5 - 2013-12-10 12:07:44 UTC  |  Edited by: Percival Rose
Thanks for the replies :)

I agree that trying to undercut the competition by 0.01 isk can be very repetitive. I guess I am doing it wrong.

How does market manipulation work? And can you do it with ~1b isk?

Do you know who's going to inherit New Eden? Arms dealers. Because everyone else is too busy killing each other.

Lord LazyGhost
Sebiestor Tribe
Minmatar Republic
#6 - 2013-12-10 12:14:16 UTC
Chris Carlyle wrote:
Thanks for the replies :)

I agree that trying to undercut the competition by 0.01 isk can be very repetitive. I guess I am doing it wrong.

How does market manipulation work? And can you do it with ~1b isk?


yes and know. its basicly artificialy changeing the prices of things be it running the price down with ur order taking chuncks off the sell price. when people follow you down in price keep going until ur hapy then buy up all the sell orders and then relist :) same with buh orders pricethm up people folow you until ur happy then dump ur stock on the market :)
Chris Carlyle
The Scope
Gallente Federation
#7 - 2013-12-10 12:35:09 UTC
Lord LazyGhost wrote:
its basicly artificialy changeing the prices of things be it running the price down with ur order taking chuncks off the sell price. when people follow you down in price keep going until ur hapy then buy up all the sell orders and then relist :) same with buh orders pricethm up people folow you until ur happy then dump ur stock on the market :)


That explains a lot. Thank you.

Do you know who's going to inherit New Eden? Arms dealers. Because everyone else is too busy killing each other.

Lord LazyGhost
Sebiestor Tribe
Minmatar Republic
#8 - 2013-12-10 13:12:11 UTC
Chris Carlyle wrote:
Lord LazyGhost wrote:
its basicly artificialy changeing the prices of things be it running the price down with ur order taking chuncks off the sell price. when people follow you down in price keep going until ur hapy then buy up all the sell orders and then relist :) same with buh orders pricethm up people folow you until ur happy then dump ur stock on the market :)


That explains a lot. Thank you.



thereis a lot more to it but tryed to break it do to doh level :). its realy a learn as you go thing trading you going to loose some money to start with and gain some. I sugest you start with x amount say 500m or a 1bil if ya got it spare tho ya realy dont need that much. i started with 100m isk now got around 20b liquid over the space of a year or so and i dont trade 24/7 jsut when i can and i try to stay away from 0.01 isking becasue that drives me mad. buy it low sell it at a mark up iam happy with and just leave it to sell adusting if needed.
Oska Rus
Free Ice Cream People
#9 - 2013-12-10 14:34:46 UTC
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.
Sabriz Adoudel
Move along there is nothing here
#10 - 2013-12-11 00:15:20 UTC
Oska Rus wrote:
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.


If you have under 1b in capital, spam scamming is the most lucrative profession.

If you have 1b-50b, station and/or region trading is one of the two best professions, and the other one is 'deep trust' scamming (corp infiltration and theft, Ponzi schemes, etc).

Beyond ~50b, trading superrare items is probably the most lucrative (t2 BPOs, supercarriers, AT ships, titan pilots, etc), although deep trust scamming works too.

I support the New Order and CODE. alliance. www.minerbumping.com

SJ Astralana
Syncore
#11 - 2013-12-11 08:45:24 UTC  |  Edited by: SJ Astralana
Oska Rus wrote:
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.


No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff.

Hyperdrive your production business: Eve Production Manager

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#12 - 2013-12-11 09:01:40 UTC
Sabriz Adoudel wrote:
If you have under 1b in capital, spam scamming is the most lucrative profession.
Have you any numbers to back that up?

Sabriz Adoudel wrote:
corp infiltration and theft, Ponzi schemes, etc
While these can pay out big, they generally take quite a lot of time and effort to pull off with any reliability. As a result the isk/hour isn't actually that great.
Chris Carlyle
The Scope
Gallente Federation
#13 - 2013-12-11 09:36:03 UTC  |  Edited by: Percival Rose
SJ Astralana wrote:
Oska Rus wrote:
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.

No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff.

The lack of actual figures lead me to believe it may not have been a good idea to get into station trading. I'm glad that's not the case :)

Sabriz Adoudel wrote:
If you have under 1b in capital, spam scamming is the most lucrative profession.

I want to stay away from scams. With so many scammers around, honesty and trust may turn out to be invaluable in the long run.

Lord LazyGhost wrote:

thereis a lot more to it but tryed to break it do to doh level :). its realy a learn as you go thing trading you going to loose some money to start with and gain some. I sugest you start with x amount say 500m or a 1bil if ya got it spare tho ya realy dont need that much. i started with 100m isk now got around 20b liquid over the space of a year or so and i dont trade 24/7 jsut when i can and i try to stay away from 0.01 isking becasue that drives me mad. buy it low sell it at a mark up iam happy with and just leave it to sell adusting if needed.

20b sounds like music to my ears. I made myself a list of high-volume and high-margin items and I made about 100m yesterday.
I've also been looking at very expensive low-volume items like faction mods. I suppose I should stay away from those for the time being?

Do you know who's going to inherit New Eden? Arms dealers. Because everyone else is too busy killing each other.

Wafflehead
Garoun Investment Bank
Gallente Federation
#14 - 2013-12-11 10:09:41 UTC
SJ Astralana wrote:
Oska Rus wrote:
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.


No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff.


There are plenty of figures... Go check eve-mogul's leaderboard, check eve-profit. Check the various loan threads and you will see reports of profit.

Yes it is a viable profession, at the moment.
Oska Rus
Free Ice Cream People
#15 - 2013-12-11 10:16:02 UTC
Numbers? See greedy goblins page. ;-) My current profits are around 1-2% a day on capital. which is 30-100M on my humble 3B with simplest station trading imaginable. (one staion, one alt, about 50-100 items)
Lord LazyGhost
Sebiestor Tribe
Minmatar Republic
#16 - 2013-12-11 10:25:42 UTC
Chris Carlyle wrote:
SJ Astralana wrote:
Oska Rus wrote:
Current consensus is that station/interstation trading is the most proffitable proffesion in eve if you have enough capital.

No idea how you can consider it a consensus when nobody cares to disclose actual figures -- isk/month and isk/hour and ROI. Traders who know little else other than comparing to missioners/miners/etc who grind like suckers swear by it, others scoff.

The lack of actual figures lead me to believe it may not have been a good idea to get into station trading. I'm glad that's not the case :)

Sabriz Adoudel wrote:
If you have under 1b in capital, spam scamming is the most lucrative profession.

I want to stay away from scams. With so many scammers around, honesty and trust may turn out to be invaluable in the long run.

Lord LazyGhost wrote:

thereis a lot more to it but tryed to break it do to doh level :). its realy a learn as you go thing trading you going to loose some money to start with and gain some. I sugest you start with x amount say 500m or a 1bil if ya got it spare tho ya realy dont need that much. i started with 100m isk now got around 20b liquid over the space of a year or so and i dont trade 24/7 jsut when i can and i try to stay away from 0.01 isking becasue that drives me mad. buy it low sell it at a mark up iam happy with and just leave it to sell adusting if needed.

20b sounds like music to my ears. I made myself a list of high-volume and high-margin items and I made about 100m yesterday.
I've also been looking at very expensive low-volume items like faction mods. I suppose I should stay away from those for the time being?


faction items are great but can be really slow turn around. when your starting out you want fast turn around items looking at 5-10% mark that sell 100+ a day or larger. you can make more selling more expensive things.

say i make 1mil profit on one item or i make 70m on another item it may be better to sell that item i make 1m profit at.

say that item sells 200 a day on average where as the 70m profit item may not sell for a week. your better off selling the lesser profit item but just more of them in the same time.

some people scoff at 1-3% mark up i look at it the other way all profit is profit be it 1% or 100% it all adds up if you have 10 items makeing you 10% or you have 300 items all makeing 1-3% i know what i would rather go with...

and the faction stuff you do when you have spare isk to sit there for the big pay offs :)
Jori McKie
Hedion University
Amarr Empire
#17 - 2013-12-11 10:31:10 UTC  |  Edited by: Jori McKie
There are two types of trading, you can break it down to
- High volume items
- Low volume items

Low volume items have two big advantages, nearly no 0.01ing and easier to manipulate. They're perfect for medium/long term trading between different trade hubs.
High volume items are for the most part t1, t2 stuff and materials, if you aren't producing t1 and t2 yourself i won't trade with them. Materials on the other hand are easier to trade with, example are Isotopes like clockwork they are manipulated on Friday morning to get a higher sell price for the weekend. This sort of manipulation is wide spread among many high volume items.

I spend 1h per day actively trading with low volume items, that is 7h per week. My weekly profit is between 5b to 7b, so 714m to 1b per hour. You won't get that numbers from the get go, but 200m per hour are easy once you set up shop.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Sabriz Adoudel
Move along there is nothing here
#18 - 2013-12-12 00:10:57 UTC
I know people that run regular deep trust scams (not super deep), primarily targetting wormhole corps, and will often put out a call 'need Archon/Moros pilots to steal ten capitals, will pay good ISK'. A week to select a target and implant a character, a second week the build trust, then boom, you steal 25b of stuff (although usually the capital pilots get paid 25-50% and occasionally they steal the ships from you). This requires capital - once your characters get a filthy name you need to sell them and buy new ones; you need faction/deadspace T3s or carriers to have something real to offer to the corps you are applying to, and so on.

By contrast, I don't have the uninterrupted playtime needed to do that, so I engage in market trades and tech 2 production, and make perhaps a billion a month from the former and a very market-dependant amount (500m usually, can hit 2500m if stars align like they recently did with Oneiros hulls) a month from the latter. With more capital behind me I could make more - for instance I would have spent 20b instead of 2b buying up Photon Microprocessors a fortnight ago when I could see their price was going up.

I support the New Order and CODE. alliance. www.minerbumping.com

Lord Jita
Lord Jita's Big Gay Corp
#19 - 2013-12-13 02:44:18 UTC
Quote:
Is it possible to make a living from station trading alone?


No. Go away.
Block Ukx
420 Enterprises.
#20 - 2013-12-13 02:56:02 UTC
Bad Bobby wrote:
Sabriz Adoudel wrote:
If you have under 1b in capital, spam scamming is the most lucrative profession.
Have you any numbers to back that up?

Sabriz Adoudel wrote:
corp infiltration and theft, Ponzi schemes, etc
While these can pay out big, they generally take quite a lot of time and effort to pull off with any reliability. As a result the isk/hour isn't actually that great.



Perhaps you should teach him how its done. A great master you are!



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