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Is Jita for the Hradcore traders or is it just the weekend?
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MunnyRabbit
Native Freshfood
Minmatar Republic
#1 - 2012-06-17 20:27:30 UTC
I was doing decently well in JITA until the weekend came where price margins droped from 30% to about 10% making it almost pointless for me due to skill level atm. I also have no desire to spend all day changing orders where as during the week i felt it wasn't near as bad.

So i ask is it the weekend activity bringing the people out should i look to move to a more casual hub like amarr?
corestwo
Goonfleet Investment Banking
#2 - 2012-06-17 21:08:29 UTC
You're crying because people noticed your market and now you're only getting 10% margins? Do you have any idea how good a 10% margin actually is? Straight

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
MunnyRabbit
Native Freshfood
Minmatar Republic
#3 - 2012-06-17 21:12:35 UTC  |  Edited by: MunnyRabbit
haha more of a exaggeration but its around 3% now hah and with taxs ect its almost not worth it to even be in that specific items market but its my first few days on the market ill just wait and see how it is mid week.
Rykker Bow
Center for Advanced Studies
#4 - 2012-06-17 22:09:25 UTC  |  Edited by: Rykker Bow
Weekends breed more trader activity which produces more competition which causes prices to fluctuate and margins to shrink I've found. Compounding this is the mentality of some weekend only traders that want or need to make as much as possible in a little amount of time that when they get frustrated, start making drastic price changes further shrinking the margins.

One strategy to this is identify the items that fluctuate the most, prepare for it and profit. This is a bit difficult for the newer daily trader, usually your capital is limited and is better spent trading through the weekend. If you play through the weekend, play cautiously and try to keep your inventory moving and not overstock.

As far as your original question: Yes, the weekend brings out lots of traders, some of them who only trade on the weekend. For daily traders a changing strategy is needed to get you through the dynamic market that is Jita. Keep a large protfolio of potential items to trade and cycle through them, some are bound to still be profitable through the weekend. Stay alert for sell orders that fall too low, if the weekend is coming to a close it may be profitable to buy them up and relist them. Also beware of placing buy orders that go too high; you may find yourself owning something that is over valued and hard to sell if the market adjusts itself.

edit: there are methods of preying on the weekend trader. Learn the personalities of the items you trade as well as the people who trade them; using this information along with strategies for manipulating the market can yield good returns. Pay special mind to orders below you, both in quantities and prices; knowing those can be benificial Big smile

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Kara Books
Deal with IT.
#5 - 2012-06-17 22:57:46 UTC
MunnyRabbit wrote:
I was doing decently well in JITA until the weekend came where price margins droped from 30% to about 10% making it almost pointless for me due to skill level atm. I also have no desire to spend all day changing orders where as during the week i felt it wasn't near as bad.

So i ask is it the weekend activity bringing the people out should i look to move to a more casual hub like amarr?


Chances are you did something and a competitor lost their cool, use your knogin, dont forget to share and have fun, its not all about penny's
Litair
Nleesh
#6 - 2012-06-18 03:02:36 UTC
Kara Books wrote:
MunnyRabbit wrote:
I was doing decently well in JITA until the weekend came where price margins droped from 30% to about 10% making it almost pointless for me due to skill level atm. I also have no desire to spend all day changing orders where as during the week i felt it wasn't near as bad.

So i ask is it the weekend activity bringing the people out should i look to move to a more casual hub like amarr?


Chances are you did something and a competitor lost their cool, use your knogin, dont forget to share and have fun, its not all about penny's


Indeed, I would often be careful about pressuring my competitors too much, because they might freak out and do something desperate which would ruin the profit for both them and me, like on a buy order not just raise the price by 0.01 as usual, but suddenly notch it up ten million in a furious fit.

With that said, yes things go nuts during weekends, especially sunday night. I'm not entirely sure why, but this is where buy orders go mad as all the slumbering station traders wake up.. You may want to hold it and wait until monday before making any great deals, unless you're experienced and can see what's going on and what will likely happen. One of my favorites, the caldari Hookbill frigate, went from a profit of 25mil in the morning to 0.5mil at the end of the day when I finally got one, **** :p