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New to Trade, Advice Needed
Author
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Julian Darklight
Dog Soldier Collective
#1 - 2013-01-26 02:05:56 UTC
I have been a mostly PVP and PVE char until now and I want to try trading to make isk. It seems to be more casual and would leave more time to PVP since I have limited time to begin with. What skills would I need to make this faster and any other advice on this topic would be much appreciated.
Cooyaw
State War Academy
Caldari State
#2 - 2013-01-26 03:00:46 UTC
Claire Coffee
Coffee Inc
#3 - 2013-01-26 04:11:06 UTC  |  Edited by: Claire Coffee
TL;DR

- Patience 5 / MD Compensations 5
- Accounting 5 (less tax)
- Broker relations 5 (less fee)
- Margin Trading 5 (well 4 is fine if you have enough iskies)
- Corp / Faction standings (assuming it's Jita then CN + CS)
- Trade / Retail / Wholesale / Tycoon - 4 (unless you need gazillion buy/sell slots)

Rest are the skills that allow you to buy/sell/modify distantly.
- Starting cash. Like uh.. 5b? Okay for a start. You may start with much less, just keep in mind that 10% profit is a good profit in the end of the day. Some nuttcracks do billions, but I'm not that much into Garage sales on a sunny day :-)
- Finding a decent niche.
- Market research on items, margin, TZ movement spikes, mineral speculations, upcoming patches with changes etc.
- Friendly haulers if you plan crosshub trading, but then again you need alts to save you time running around.

When you're quite comfortable with all this, you may try manipulations and trolling on MD.

GLHF!

[b]DRINK COFFEE Do stupid things Faster with More Energy[/b]
Alex Grison
Grison Universal
#4 - 2013-01-26 05:46:44 UTC
Buy things for less than you sell them for.

in reverse.

while wearing a tutu.

send me pictures ok?

yes
Arronicus
State War Academy
Caldari State
#5 - 2013-01-26 09:54:08 UTC
Don't sample your own product.
Rengerel en Distel
#6 - 2013-01-26 15:10:37 UTC
I don't believe casual traders make much isk, unless you're going into it with a lot of funds to begin with and can manipulate the market. You get more pvp per hour in the market than anywhere else in the game.

With the increase in shiptoasting, the Report timer needs to be shortened.
Varius Xeral
Doomheim
#7 - 2013-01-26 16:08:56 UTC
Rengerel en Distel wrote:
I don't believe casual traders make much isk, unless you're going into it with a lot of funds to begin with and can manipulate the market. You get more pvp per hour in the market than anywhere else in the game.


You're wrong.

Official Representative of The Nullsec Zealot Cabal
Cooyaw
State War Academy
Caldari State
#8 - 2013-01-26 17:10:29 UTC
Rengerel en Distel wrote:
I don't believe casual traders make much isk, unless you're going into it with a lot of funds to begin with and can manipulate the market. You get more pvp per hour in the market than anywhere else in the game.


oh contrare', market manipulation? really? if that were true then there'd only be a few successful traders in the whole universe.
Kara Books
Deal with IT.
#9 - 2013-01-26 18:06:30 UTC
Claire Coffee wrote:
TL;DR

- Patience 5 / MD Compensations 5
- Accounting 5 (less tax)
- Broker relations 5 (less fee)
- Margin Trading 5 (well 4 is fine if you have enough iskies)
- Corp / Faction standings (assuming it's Jita then CN + CS)
- Trade / Retail / Wholesale / Tycoon - 4 (unless you need gazillion buy/sell slots)

Rest are the skills that allow you to buy/sell/modify distantly.
- Starting cash. Like uh.. 5b? Okay for a start. You may start with much less, just keep in mind that 10% profit is a good profit in the end of the day. Some nuttcracks do billions, but I'm not that much into Garage sales on a sunny day :-)
- Finding a decent niche.
- Market research on items, margin, TZ movement spikes, mineral speculations, upcoming patches with changes etc.
- Friendly haulers if you plan crosshub trading, but then again you need alts to save you time running around.

When you're quite comfortable with all this, you may try manipulations and trolling on MD.

GLHF!


^ what she said
Alex Grison
Grison Universal
#10 - 2013-01-26 18:34:45 UTC
Arronicus wrote:
Don't sample your own product.



This.

ESPECIALLY if you are a sperm donor.

yes
Lavitakus Bromier
WTF Bunnies
#11 - 2013-01-27 17:11:58 UTC
Alex Grison wrote:
Arronicus wrote:
Don't sample your own product.



This.

ESPECIALLY if you are a sperm donor.



Wrong on so,many levels...
Rengerel en Distel
#12 - 2013-01-27 17:21:04 UTC
Varius Xeral wrote:
Rengerel en Distel wrote:
I don't believe casual traders make much isk, unless you're going into it with a lot of funds to begin with and can manipulate the market. You get more pvp per hour in the market than anywhere else in the game.


You're wrong.


I'm right. See? I can post something without contributing to the thread too.

With the increase in shiptoasting, the Report timer needs to be shortened.
Rengerel en Distel
#13 - 2013-01-27 17:26:28 UTC
Cooyaw wrote:
Rengerel en Distel wrote:
I don't believe casual traders make much isk, unless you're going into it with a lot of funds to begin with and can manipulate the market. You get more pvp per hour in the market than anywhere else in the game.


oh contrare', market manipulation? really? if that were true then there'd only be a few successful traders in the whole universe.


Perhaps if you simply say a "successful" trader is one that makes more money than they spend, yes, you can casually trade in the game. If you're talking about those that make a significant amount of money in the market, I don't believe you can do that casually without a lot of isk involved.

With the increase in shiptoasting, the Report timer needs to be shortened.
Varius Xeral
Doomheim
#14 - 2013-01-27 17:26:59 UTC
Rengerel en Distel wrote:
See? I can post something without contributing to the thread too.


You already did when you shared your obviously uninformed opinion the first time.

Official Representative of The Nullsec Zealot Cabal
Rengerel en Distel
#15 - 2013-01-27 20:31:53 UTC
Varius Xeral wrote:
Rengerel en Distel wrote:
See? I can post something without contributing to the thread too.


You already did when you shared your obviously uninformed opinion the first time.


Do you have anything to actually contribute to the thread, or just trolling on a lazy sunday?

With the increase in shiptoasting, the Report timer needs to be shortened.
Varius Xeral
Doomheim
#16 - 2013-01-27 20:45:49 UTC
Rengerel en Distel wrote:
Do you have anything to actually contribute to the thread..?


Do you?

Official Representative of The Nullsec Zealot Cabal
Jarkovii
7 Corners Trading
#17 - 2013-01-29 04:29:54 UTC
Julian, how much isk do you have "available" to throw at the market?
Andracin
Brutor Tribe
Minmatar Republic
#18 - 2013-01-29 08:02:40 UTC
Jeronica in my alliance recently release EVE MOGUL. It runs off your api and lets you track profit %. I find it quite useful...some small number items done in bulk have a much better profit margin than larger isk items.
Also it seems everyone goes to Jita to trade...I would suggest a smaller regional hub to start with until you have around 5b isk so you can compete with average traders.
If you do go to Jita don't get sucked into wild market swings...keep your buy orders average market price...it is only a matter of time before the market gets re-flooded and your stuck with a pile of items you have to sit on praying the market gets manipulated again.
Alex Grison
Grison Universal
#19 - 2013-01-29 16:47:12 UTC
Rengerel en Distel wrote:
Cooyaw wrote:
Rengerel en Distel wrote:
I don't believe casual traders make much isk, unless you're going into it with a lot of funds to begin with and can manipulate the market. You get more pvp per hour in the market than anywhere else in the game.


oh contrare', market manipulation? really? if that were true then there'd only be a few successful traders in the whole universe.


Perhaps if you simply say a "successful" trader is one that makes more money than they spend, yes, you can casually trade in the game. If you're talking about those that make a significant amount of money in the market, I don't believe you can do that casually without a lot of isk involved.




define "a lot of isk involved"

yes
Claire Coffee
Coffee Inc
#20 - 2013-01-29 17:12:55 UTC
Alex Grison wrote:

define "a lot of isk involved"


over 9000? speaking in 2010 terms.

[b]DRINK COFFEE Do stupid things Faster with More Energy[/b]
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