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Audit

Author
Rhivre
TarNec
Invisible Exchequer
#21 - 2012-06-02 09:41:39 UTC
Maybe I am too grumpy and shouldn't post pre-coffee, but, 5 days trading does not a "competency in trading" show, any more than 5 days successful mission running shows that you know how to run missions, or 5 days pvp makes you a competent pvper.

Hrothgar Nilsson
#22 - 2012-06-02 10:16:15 UTC  |  Edited by: Hrothgar Nilsson
Rhivre wrote:
Maybe I am too grumpy and shouldn't post pre-coffee, but, 5 days trading does not a "competency in trading" show, any more than 5 days successful mission running shows that you know how to run missions, or 5 days pvp makes you a competent pvper.


It doesn't take a PhD to learn how to buy low and sell high. And I've never earned less than 100% profit on any of my trades.

Maybe you just have a very steep learning curve when it comes to learning new tasks. I don't.
Rhivre
TarNec
Invisible Exchequer
#23 - 2012-06-02 10:32:44 UTC
Hrothgar Nilsson wrote:
Rhivre wrote:
Maybe I am too grumpy and shouldn't post pre-coffee, but, 5 days trading does not a "competency in trading" show, any more than 5 days successful mission running shows that you know how to run missions, or 5 days pvp makes you a competent pvper.


It doesn't take a PhD to learn how to buy low and sell high. And I've never earned less than 100% profit on any of my trades.

Maybe you just have a very steep learning curve when it comes to learning new tasks. I don't.


Maybe, but what happens when someone comes in and dumps your 100% down to 5%? Although, I am renowned as a bear of very little brain.

You have shown that you can move items in the 100's of k, with big margins, thats trading 101. Does it scale up past 1bn? Your hulk business relies on you taking X of the pool and reinvesting it, this is in effect, a bond, albeit a small scale one.

You are basically looking for investors,

As you yourself said, this was an idea you thought up the night before you posted the hulk plan. If it is a good idea now, it will be a good idea in a month. Why the hurry and rushing through things?
Hrothgar Nilsson
#24 - 2012-06-02 10:52:59 UTC  |  Edited by: Hrothgar Nilsson
Rhivre wrote:
Maybe, but what happens when someone comes in and dumps your 100% down to 5%? Although, I am renowned as a bear of very little brain.

You have shown that you can move items in the 100's of k, with big margins, thats trading 101. Does it scale up past 1bn? Your hulk business relies on you taking X of the pool and reinvesting it, this is in effect, a bond, albeit a small scale one.

You are basically looking for investors,

As you yourself said, this was an idea you thought up the night before you posted the hulk plan. If it is a good idea now, it will be a good idea in a month. Why the hurry and rushing through things?

I'd just cancel the buy order, liquidate the stock of that particular item, and move onto another worth my while. :)

At the moment, the items I trade in are in the six to seven digit range.

I'm not how you perceive that I'm in some kind of rush with regards to anything.

As far as the hulk insurance business goes, I'm inferring that you're confusing a risk pool model with the conventional fixed payout model. The difference is night and day.
Rhivre
TarNec
Invisible Exchequer
#25 - 2012-06-02 11:09:11 UTC
The sole reason you may possibly (only by someone as confused as me of course), be perceived as in a rush is, because thus far, your schedule is:

22nd April: Start eve
27th May, start station trading
30th May, have awesome eureka moment late at night
31st May, post Hulk insurance scheme
1st June, request audit to verify that you flipped some items on a station.

You see how to the woolly minded like myself, this might be viewed as somewhat rushed, and not really planned out, or, to the more cynical bears of little brain, as a scam?
Aina Sasaki
Garoun Investment Bank
Gallente Federation
#26 - 2012-06-02 11:21:25 UTC
Hrothgar Nilsson wrote:
Rhivre wrote:
Maybe I am too grumpy and shouldn't post pre-coffee, but, 5 days trading does not a "competency in trading" show, any more than 5 days successful mission running shows that you know how to run missions, or 5 days pvp makes you a competent pvper.


It doesn't take a PhD to learn how to buy low and sell high. And I've never earned less than 100% profit on any of my trades.

Maybe you just have a very steep learning curve when it comes to learning new tasks. I don't.


I'm going to have to agree with this to some degree. Trading in this game is relatively easy to learn, though mastering it requires a gradual accumulation of experience and knowledge. But the basic gist of it can be figured out very quickly.

I ran into similar skepticism in regards to how well I was doing with trade when I first posted here about 2 months ago. At the same time, Rhivre is right. The trading methods you are using right now (and i've got a pretty good guess as to what exactly you are doing) are much better for when you are trying to get your first billion or three, but not so much for beyond that. Until you get up to that point, for all intents and purposes you are a new trader. When you can break 10 billion or so... i'd suspect then people would take you more seriously.

Just my thoughts. :o

- Rei

Hrothgar Nilsson
#27 - 2012-06-02 11:42:04 UTC  |  Edited by: Hrothgar Nilsson
Rhivre wrote:
The sole reason you may possibly (only by someone as confused as me of course), be perceived as in a rush is, because thus far, your schedule is:

22nd April: Start eve
27th May, start station trading
30th May, have awesome eureka moment late at night
31st May, post Hulk insurance scheme
1st June, request audit to verify that you flipped some items on a station.

You see how to the woolly minded like myself, this might be viewed as somewhat rushed, and not really planned out, or, to the more cynical bears of little brain, as a scam?

This probably ends up with "you're an alt", "you're a goon", and so on.

All I asked for was an audit.

So I'll just leave it at that - I don't feel any need to further reply. I already got the answer I was looking for (from VV). I'll get one a week or two down the road as I had planned.
Rhivre
TarNec
Invisible Exchequer
#28 - 2012-06-02 12:00:32 UTC  |  Edited by: Rhivre
I would never presume to assume what another person is thinking.

A) I have no problem with goons
B) I don't think you are an alt.

I was actually thinking more along the lines of nightfreeze (true or false, it inspires many people). At no point have I either insinuated, or stated that you are either of the above, to infer that is to imply some sort of victim status, when people are merely asking questions.

Ad hominems are really not the sort of defense you should take to questions, you could have written

"Yes, I realise that people may view this as a bit hap-hazard and thrown together in 5 minutes to see if I can get people to give me isk then run, but, X, Y, Z"



"This probably ends up with "you're an alt", "you're a goon", and so on."
"Maybe you just have a very steep learning curve when it comes to learning new tasks. I don't."
is not really going to persuade people who may have been interested in your insurance scheme (having used similar ones in the past).

You are, via various methods, asking people to give you their isk, whilst the replies tend to be along the lines of a convoluted version of "lol isk making is easy in eve, you must be dumb if you question me".

At no point have I said that isk making is hard, ****, you can go 2m to 2.3bn easily in a little over a month, so I would be the last person to state it is difficult, because if someone who cannot easily learn new tasks can do that, then anyone can.
Johnny Frecko
Federal Navy Academy
Gallente Federation
#29 - 2012-06-03 00:09:58 UTC
I'll push Rhivre's point further.

People here trade, even the smallest of the traders here have billions in assets.
No one is impressed with a sub-billion return rate and your enourmes penis.

your posts break down to
1)isk making is easy.
2)the fact you doubt makes me smarter.
3)i'm generally better than you in every single way.

Please forgive my ill-fated sarcasm, and read on.

While you may be the next person to break 500 billion in the next month or so, I highly doubt it.
your responses show a fresh trader with very little experience in handling high-volumes of ISK.

A new trader always *always* brags about sub-billion profit margins, Thinking that it scales up beyond the first 3-4 billion easily.
It stops scaling at around the 2nd billion, which then becomes an *effort* to keep pushing in high margins.
After the 5th billion it becomes actual work unless you're changing your business plan.
Because station trading doesn't work for most people with so much ISK.

I'm just trying to be insightful and letting you see that while we may be sarcastic in MD, it's for relatively good reason. The people in MD have been trading for a bit longer than you.

As this is not a scam, according to you, i offer you the following advice

1)Do not brag about margins, No one cares.
2)100M a day is pretty much standard for a trader. it shows nothing special.
3)Do not hurry to defend your position with passive-aggresive means such as "you're stupid if you can't do what i do".
Infact some would call that downright aggresive.
Things like "you think i'm an alt or goon" does not look good aswell.

Just some friendly advice.
Johnny
Brock Nelson
#30 - 2012-06-04 23:57:16 UTC
I've sent a message to my mailing list "Auditors gone bad" to inform everyone that OP did not send me the 100m fee required to start the audit work on him.

Signature removed, CCP Phantom

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