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Station Trading 101

Author
Doggfather san
420 Enterprises.
Tactical Supremacy
#1 - 2012-04-19 02:53:19 UTC  |  Edited by: Doggfather san
Hey guys

im brand new to eve (well about 2 months old now) but i started with 0 isk when i bought the game. no friends, no help.

In just over 6 weeks i hit my first billion. I know people have done it faster but this is with 0 knowledge and 0 money.

check out my training blog on how i got there. It shall be updated on a weekly basis and give you a good idea on how to make some good money and a few items you could be trading.

fly safe, trade hard.


Edit: Changed timeframe just for you! All transparency here guys Big smile

http://420enterprises.com

Cedo Nulli
Royal Amarr Institute
Amarr Empire
#2 - 2012-04-19 03:02:11 UTC
Sure you are .. and sure you did.

Afterall everyone who starts the game fresh is aiming to make a "look how awesome I am" blog from the getgo.
Dennmoth Ferdier
Zero Gravity Productions
#3 - 2012-04-19 03:06:03 UTC
I'll be following what you have to say. However, go in to detail how much time you invest per day and how many days a week.

These things always shock people, thinking that's alot really fast, when the truth could be this person has been sitting 24/7 clicking 0.01 isk updates on 1500 orders, where the person at awe of your progress is updating 10 orders once per day a few days a week.

I'm just saying, as little exaggerating (or rounding numbers) and as much facts as possible and I'll stay a happy panda checking out your blog with interest <3
Stigman Zuwadza
Deep Core Mining Inc.
Caldari State
#4 - 2012-04-19 05:16:02 UTC  |  Edited by: Stigman Zuwadza
Doggfather san wrote:
In just over 4 weeks i hit my first billion. I know people have done it faster but this is with 0 knowledge and 0 money.


I turned my 0 isk wealth into 1 billion isk in just over 6 weeks. <--- from your blog.

Butterfingers, you seemed to of dropped 2 weeks. Big smile

Plus you start with 5k ISK, otherwise you would of done rather well trading with 0 ISK and turning it into 1b.

My 5 week old Jita trading toon is up to 1.1b (liquid isk + stock) trading from his 5k inheritence, he has 55074 SP and I trade with him for a few hours at a time on a Saturday and Sunday.

Its doable. Big smile

That aside, people love to read but I'd suggest not fabricating things, you'll only get found out.

Fly safe. o7

It's broken and it's been broken for a long time and it'll be broken for some time to come.

Leana Darkrider
Creatio -ex- nihilo
The Donkey Rollers
#5 - 2012-04-19 09:37:03 UTC
Congrats on your first bil!

But what I would like to say is, everybody starts with 0 isk and most people also with 0 experience. So you're not an exception on that.
Making a bil in that ammount of time, not many people will achieve that, most of them need more time to make their first billion. so props for that

What's been said before, you should tell people how much time you've put into trading.

I can make a bil on a single day if I want, but that would mean I have to invest some time.
Since time is money, how much time did you invest for your first bil??

Cheers,

LD

Kara Books
Deal with IT.
#6 - 2012-04-19 10:46:21 UTC
Doggfather san wrote:
Hey guys

im brand new to eve (well about 2 months old now) but i started with 0 isk when i bought the game. no friends, no help.

In just over 4 weeks i hit my first billion. I know people have done it faster but this is with 0 knowledge and 0 money.

check out my training blog on how i got there. It shall be updated on a weekly basis and give you a good idea on how to make some good money and a few items you could be trading.

fly safe, trade hard


2 months sounds like my story, I bet its bin allot of hard work.
Doggfather san
420 Enterprises.
Tactical Supremacy
#7 - 2012-04-20 04:02:52 UTC
Hey guys,

Thanks for following my blog and for the advice, suggestions and criticism. Before I reply to you all I just wanted to wish you all a Happy 4 - 20 (April 20th). I hope you have a great day and some of you Pause for the Cause.

To be honest I think none of us would really care if we turned over our first billion in 4 or 6 weeks.I do mention that it was just over 4 weeks which gives me some leeway. But you are right.

I am not here to trick anybody just here to pass on my experiences and how I achieved said results.

Yes you start with 5000 isk and you make about 3 - 5 million from the tutorial missions. I am assuming new players are smart enough to run through them otherwise you have no clue about the game anyway and all the trading knowledge in the world won't help you undock from the station without having done the tutorials.

As I work fulltime in real life my time commitment to the trading was about 1 - 3 hours per day with obviously some marathon-ing done on weekends. This means new guys will definitely be able to make this money much quicker than me. And i hope they do. I am not claiming to be an expert as there are always things we need to learn. This should get you under way though. Also while playing those 1 -3 hrs a day I was also running some missions on the side to increase my standing with Caldari Navy in order to get the Brokerage Fees down. I have posted another blog update up, which talks all about taxes and skills one should train.

Cedo Nulli, I am not sure what you are trying to get at? You are welcome to look me up in-game if you do not believe my age, however as I said above I am not here to trick people but rather to help them. I would welcome more traders to the industry as it will make the market more competitive and push those out who aren't as serious. Maybe it will also teach some people not to undercut prices by 20,000.00 isk when 0.01 will have the same result.

Dennmoth I will give you as much detail as possible without putting people to sleep. As it stands I am still only able to have 53 orders up at any one time so I am certainly no wholesaler or tycoon. <-- although I am a couple of days off Wholesaler.

Stigman - Good work!! I hope new players will read your comment and know that I am not fabricating my results but rather that I have been almost slow in having made my money.

Kara - Yes hard work some times. It does get old quite quickly having to change your 0.01's continually but when you find a good item to trade, motivation returns quickly.

Leana - True, most people start with no experience and/or money but with the current buddy system we have 1 day old recruits in our corp worth more than 400 million. I just wanted to make sure people knew that I did not have an unfair advantage in that sense. Since my first 400 million took infinitely longer than my second 400.

Thanks again for reading my blog. I hope it has helped some of you.

Fly Safe, Trade Hard, Happy 420

Doggfather san.

http://420enterprises.com

Pyotr Kamarovi
Kamarov Financial
#8 - 2012-04-20 06:03:14 UTC
I don't know about you guys but the original post in this thread reminded me so much of all those "Stay at home mum makes $7,000 A WEEK on the internet!" ads.... but, I assume, it's actually legit. Congratulations :)
Doggfather san
420 Enterprises.
Tactical Supremacy
#9 - 2012-04-20 06:37:27 UTC
Pyotr Kamarovi wrote:
I don't know about you guys but the original post in this thread reminded me so much of all those "Stay at home mum makes $7,000 A WEEK on the internet!" ads.... but, I assume, it's actually legit. Congratulations :)




haha thanks! on a side not please check out my pyramid scheme website :)

http://420enterprises.com

clamslayer
Doomheim
#10 - 2012-04-20 06:59:03 UTC  |  Edited by: clamslayer
Doggfather san wrote:
Hey guys

im brand new to eve (well about 2 months old now) but i started with 0 isk when i bought the game. no friends, no help.

In just over 6 weeks i hit my first billion. I know people have done it faster but this is with 0 knowledge and 0 money.

check out my training blog on how i got there. It shall be updated on a weekly basis and give you a good idea on how to make some good money and a few items you could be trading.

fly safe, trade hard.


Edit: Changed timeframe just for you! All transparency here guys Big smile



if you have made your first billion in six weeks with no help you are among the few. some advice, i have not looked at your blog or care to, but if you give out any hints about how you make your isk, you are an idiot and you can expect more and more competition.
Vaerah Vahrokha
Vahrokh Consulting
#11 - 2012-04-20 07:03:19 UTC
clamslayer wrote:

if you have made your first billion in six weeks with no help you are among the few.


I did not find it to be particularly hard when I have done that myself. It's time consuming though.
Doggfather san
420 Enterprises.
Tactical Supremacy
#12 - 2012-04-20 07:36:38 UTC
Vaerah Vahrokha wrote:
clamslayer wrote:

if you have made your first billion in six weeks with no help you are among the few.


I did not find it to be particularly hard when I have done that myself. It's time consuming though.



helps a lot though, imho, that if you have help and people tell you what to trade and what not to trade then you can speed the whole process up. Like in real life a Mentor is key

http://420enterprises.com

Goran Konjich
Krompany
#13 - 2012-04-20 09:23:50 UTC
i make like 4 ISK per day and couldn't care less Bear

Big smile

I'm a diplomat. Sometimes i throw 425mm wide briefcases at enemy. Such is EVE.

Callduron
Dreddit
Test Alliance Please Ignore
#14 - 2012-04-20 16:43:07 UTC
I had a look. It's good advice. Station trade ammo, play the 0.01 isk game. Probably quite time consuming to make so much so quickly. Also it tops out. When you have < 1 billion capital it's quite a good return, later on it's much harder to turn over all your capital fast enough. It's probably about time to diversify into more expensive things.

I'd also add that these last 6 weeks have been a brilliant time to play the market. The price of just about everything has doubled and is set to double again.

I write http://stabbedup.blogspot.co.uk/

I post on reddit as /u/callduron.

Barakach
Caldari Provisions
Caldari State
#15 - 2012-04-20 17:05:13 UTC  |  Edited by: Barakach
Callduron wrote:
I had a look. It's good advice. Station trade ammo, play the 0.01 isk game. Probably quite time consuming to make so much so quickly. Also it tops out. When you have < 1 billion capital it's quite a good return, later on it's much harder to turn over all your capital fast enough. It's probably about time to diversify into more expensive things.

I'd also add that these last 6 weeks have been a brilliant time to play the market. The price of just about everything has doubled and is set to double again.


Going along with your point of "scale".

I remember doubling my net worth in 1-2 days a few times, but not where near 1bil in 6 weeks. I spent too much time playing around in the game, getting a feel for mining/missioning.

This is the second "I made my first N billion in N weeks" post. One of them that I read talked about how they recommend flipping ammo. That works great for that first bill, which I guess all they're really trying to accomplish, but it becomes a waste of time shortly after.

I find I tend to spread my orders, then when I eventually find certain Item(s) that have a consistent turn over, I start to prune back orders that aren't filling as regularly and I start concentrating my orders into those better moving items.

I keep dumping isk into said items until it starts to platue. At this point I've made quite a bit, so I start spreading my orders whiling keeping a healthy balance on my newly found better moving items.

Rinse and repeat.

I don't know the game that well, so I wasn't able to jump in and have a good idea on what to start trading, so I naturally fell into this pattern of Spread(discovery)->Prune+Focus->Repeat

I favor higher revenue items with regular turn over, even if not high-volume.
Doggfather san
420 Enterprises.
Tactical Supremacy
#16 - 2012-04-21 07:58:03 UTC
Hey guys,

Yes I agree your income plateaus after a while.

As i said in my blog this isn't a guide on how to do it but merely how I did it. I have significantly stepped up my operations since so the advise: Ok you may now stop trading ammo is on the horizon.

The release of this blog will be controlled so that I make sure I cover everything, new and old players will need to know to follow the path I took.

If you have not read our second post yet make sure to check it out at http://420enterprises.weebly.com

http://420enterprises.com

Adunh Slavy
#17 - 2012-04-21 08:02:54 UTC
Callduron wrote:

I'd also add that these last 6 weeks have been a brilliant time to play the market. The price of just about everything has doubled and is set to double again.



True, everyone was a genius during the dot com bubble, even blind drunk monkeys throwing darts at finance pages.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Doggfather san
420 Enterprises.
Tactical Supremacy
#18 - 2012-04-21 11:04:58 UTC
Adunh Slavy wrote:
Callduron wrote:

I'd also add that these last 6 weeks have been a brilliant time to play the market. The price of just about everything has doubled and is set to double again.



True, everyone was a genius during the dot com bubble, even blind drunk monkeys throwing darts at finance pages.



True. Meaning its the best time to get stuck in and learn. Wouldnt you agree?


If you havent read it yet check out : http://420enterprises.weebly.com/training-blog.html

http://420enterprises.com

Doggfather san
420 Enterprises.
Tactical Supremacy
#19 - 2012-05-01 07:29:57 UTC
We have a new Blog Post up.

This time it is for you guys who do not want to sit in Jita all day.

It is about Region Ship Trading. Something I am currently making a fair bit of profit on on the side.

This Post was proudly brought to you by Arakasi !!


Enjoy! Don't forget to subscribe, Like on Facebook, and leave comments as always!!

http://420enterprises.com

Doggfather san
420 Enterprises.
Tactical Supremacy
#20 - 2012-05-08 07:43:43 UTC
In response to the station trading troll who thinks we may too much money.

I agree.

But we should be paying tax to our Corporation not to SCC. 420 Enterprises would be infinitely richer than it already is

http://420enterprises.com

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