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The unwritten Trade Law
Author
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Samroski
Middle-Earth
#1 - 2012-03-20 21:12:08 UTC
Thou shalt not reveal thy trade secrets.

Any colour you like.
Dirk Decibel
Pator Tech School
Minmatar Republic
#2 - 2012-03-20 21:23:45 UTC
Buy low, sell high. There, I ruined trading for everyone!
Jake Andarius
Andarius Trading Corp.
#3 - 2012-03-20 21:30:04 UTC
I wish it were "Do not ruin the margins" instead. >_<

Andarius Trading Corp. | MD Borrowers and Trustees
TornSoul
BIG
#4 - 2012-03-20 22:03:50 UTC
I've heard of self fulfilling prophecies.

The opposite of that would have to be what the OP just managed to do P
Darth Tickles
Doomheim
#5 - 2012-03-20 22:08:32 UTC
Don't eat the yellow snow.
Dennmoth Ferdier
Zero Gravity Productions
#6 - 2012-03-20 22:23:41 UTC
"Buy waffels."
enterprisePSI
#7 - 2012-03-20 22:35:53 UTC
do not put "100 * items" buy order
Put "50 * item " order twice ;)

The tears of the many, outweigh the tears of the few. Or the one. enterprise-psi©
Temporary Amnesia
EVE Corporation 98582134
#8 - 2012-03-21 00:12:24 UTC
enterprisePSI wrote:
do not put "100 * items" buy order
Put "50 * item " order twice ;)

shush your ruining it
enterprisePSI
#9 - 2012-03-21 06:43:11 UTC
I am surprised someone understood what i wrote. Lol

The tears of the many, outweigh the tears of the few. Or the one. enterprise-psi©
Wyke Mossari
Staner Industries
#10 - 2012-03-21 07:37:30 UTC
Samroski wrote:
Thou shalt not reveal thy trade secrets.


Unless, you have a trade secret that trumps it.
Scott Ryder
Ministry of War
Amarr Empire
#11 - 2012-03-21 13:20:44 UTC
Jake Andarius wrote:
I wish it were "Do not ruin the margins" instead. >_<



I find pleasure in ruining margins Shocked
Darth Tickles
Doomheim
#12 - 2012-03-21 13:43:01 UTC
Don't get high on your own supply.
Solstice Project
Sebiestor Tribe
Minmatar Republic
#13 - 2012-03-21 16:05:25 UTC
enterprisePSI wrote:
do not put "100 * items" buy order
Put "50 * item " order twice ;)

Wow, i understood that. O_O

Scott Ryder wrote:
Jake Andarius wrote:
I wish it were "Do not ruin the margins" instead. >_<



I find pleasure in ruining margins Shocked

*lol* same for me.


Hm, let's see if i have one to add ...

Reprocessing V
Refinery Efficiency V
Scrapmetal processing V, if it's worth your time.

There's a bit more to tell, but i'll leave that as an exercise.
Probably not every kind of trader will see a need for these.

For those who wonder: It's really is directly connected to trading for me.
BuzzWords: Margin, Mineral Prices, Push competitor off the market.


Wow, i had something (well, imho at least) valuable to contribute ! :D
VaMei
Meafi Corp
#14 - 2012-03-21 18:49:40 UTC
Samroski wrote:
Thou shalt not reveal thy trade secrets.


... unless you can profit from having others choose to do grunt work you didn't want to deal with from the start.
Tekota
The Freighter Factory
#15 - 2012-03-21 19:25:48 UTC
Multiply everything by 1.03

Whilst my personal costs are about 1.15% at present I figure factoring a 3% break-even gives enough wiggle room for competition/minor shifts/alien invasion etc.

So take a product, multiply price by 1.03, if you can sell for more than that figure: buy it.
clamslayer
Doomheim
#16 - 2012-03-21 21:45:14 UTC
Samroski wrote:
Thou shalt not reveal thy trade secrets.



if only every trader followed this unwritten rule, we would all have more isk, and have spent less time earning it.
Nerath Naaris
Pink Winged Unicorns for Peace Love and Anarchy
#17 - 2012-03-21 22:50:58 UTC
Actually, it´s much more simple: "You have to enjoy playing the market."

There!
If you do, everything will eventually come in time, if you don´t, you will fail.

Je suis Paris // Köln // Brüssel // Orlando // Nice // Würzburg, München, Ansbach // Saint-Étienne-du-Rouvray

Je suis Berlin // Fort Lauderdale // London // St. Petersburg // Stockholm

Je suis [?]
DoraTheExplora Taft
Hoover Inc.
Snuffed Out
#18 - 2012-03-21 23:42:22 UTC
Jake Andarius wrote:
I wish it were "Do not ruin the margins" instead. >_<

HA yes this. especially when it seems like it takes more keystrokes than just .01 isking
DoraTheExplora Taft
Hoover Inc.
Snuffed Out
#19 - 2012-03-21 23:43:59 UTC
Tekota wrote:
Multiply everything by 1.03

Whilst my personal costs are about 1.15% at present I figure factoring a 3% break-even gives enough wiggle room for competition/minor shifts/alien invasion etc.

So take a product, multiply price by 1.03, if you can sell for more than that figure: buy it.

how does this factor in brokers fees and taxes? I think those are going to add another 2.5 percent on top; so would the rule be 1.055 then?
DoraTheExplora Taft
Hoover Inc.
Snuffed Out
#20 - 2012-03-21 23:49:32 UTC
Solstice Project wrote:
enterprisePSI wrote:
do not put "100 * items" buy order
Put "50 * item " order twice ;)

Wow, i understood that. O_O

Scott Ryder wrote:
Jake Andarius wrote:
I wish it were "Do not ruin the margins" instead. >_<



I find pleasure in ruining margins Shocked

*lol* same for me.


Hm, let's see if i have one to add ...

Reprocessing V
Refinery Efficiency V
Scrapmetal processing V, if it's worth your time.

There's a bit more to tell, but i'll leave that as an exercise.
Probably not every kind of trader will see a need for these.

For those who wonder: It's really is directly connected to trading for me.
BuzzWords: Margin, Mineral Prices, Push competitor off the market.


Wow, i had something (well, imho at least) valuable to contribute ! :D

I was running a reprocessing business for a while. I did a lot of mission running and realized how far the buy prices are from the reprocessing value for crap loot noone wants to buy. I just set up large orders for 45 or so different of these crap products and reprocessed, sold minerals. Some of the margins were really nice. Things like mods that I bought at 1k and could reprocess for 18k. You get volume of several hundred on each item and even if all of them aren't killers you can make good money. The problem I ended up having was it only amounted to maybe 60 mill a day on a good day of constant order tracking so I abandoned the idea.
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