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New player- Been Lurking: advice? :)
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Unity Ellecon
UCONE
#1 - 2013-02-03 09:55:55 UTC
So ive been lurking throughout the forum for the past couple days, read a quite a bit of tuts, spoke with people etc.

My question is this. buy low sell high is common sense but where to do it and how is more complicated obviously.
I would like to buy from hubs and sell in stations, either noob stations for items needed, or mining systems where there are tons of roids.

I was told by some this is stupid, and i need to buy low at systems and then sell at trading hub.

Is it stupid? I know there would be higher volume sales at hub with slimer profit margins, but i am just starting trading with not that much capital. Also, do the buy orders pop off enough in systems to gather enough to sell at hub for a steady flow of isk?

Because the relationship inverse should be true.

Trading is either making money from people that are too lazy to go to hub to buy or too lazy to go to hub to sell?

This may seem stupid, but after scowering the forums i havent been able to figure this out.

Also, is there a good way to measure a systems market volume>? because you can only see region quantity in market?

Thanks for any advice and please remember I just started 3 days ago and am a complete noob.

Spent 40 mil buying at hub and attempting to sell at tut station, have had some action, will see how it goes, will post update as well.


Unity
Pepper Mind
The Scope
Gallente Federation
#2 - 2013-02-03 13:48:41 UTC
Please keep in mind, that traders will give you that advice, which do not destroy their own tacticsRoll
Saveritrader
Sav Trading
#3 - 2013-02-03 14:06:30 UTC
Pepper Mind wrote:
Please keep in mind, that traders will give you that advice, which do not destroy their own tacticsRoll


Or satisfy in their needs, not yours.
Akira Tseo
Nebelwerfer Shipping and Holdings
#4 - 2013-02-03 14:19:26 UTC  |  Edited by: Akira Tseo
Unity Ellecon wrote:


Trading is either making money from people that are too lazy to go to hub to buy or too lazy to go to hub to sell?




Or bothBig smile

Currently I am buying large stocks of t2/best named on jita buy order and selling at a markup in another area(simply can't bring myself to reveal whereCool)

At the place where I sell my stock, prices on minerals happen to be lower than they are in Jita(only if you use buyorders though), so I purchase those here and sell them on jita sell orders while buying my next stock of goods. Rinse repeat.

I am sure this process could be stepped up if I wanted to(Buying salvage at the station where I get minerals for an example) But alas I am too lazy.

Ofc all this requires a freighter or use of a courier service.

Hope this helps
Varius Xeral
Doomheim
#5 - 2013-02-03 14:36:14 UTC
you buy junk regionally and sell it in a hub, and you buy good stuff from a hub and sell it regionally

Official Representative of The Nullsec Zealot Cabal
Perramas
DreddNaut
#6 - 2013-02-03 16:20:06 UTC
I no longer do this so here is one way to make some isk. I made some good isk by using buy orders in level 4 mission agent systems for T1 drones and T1 meta 1 and 2 weapons and armor plates. Then I transported them to Amarr or Jita where I reprocessed them and sold the minerals for a nice profit.

Great minds discuss ideas, average minds discuss events, small minds discuss people- Eleanor Roosevelt

Cooyaw
State War Academy
Caldari State
#7 - 2013-02-03 16:40:32 UTC
OP, it is my opinion that if you have a specialized market, for instance, you know where a place miners hang out and do big crazy orca/hulk fleets, if you create a specific market JUST for their needs, then yes, you will have some success there. To me when you are creating any size hub, its all about meeting the specific needs of that area.

so, if that helps.
Unity Ellecon
UCONE
#8 - 2013-02-03 19:50:59 UTC
Thank you everyone for replying. All in all the jist of the responses from what I can tell is i dont have to buy in stations and sell at hub, because the inverse is true in demand. Thats good news. However, what about my other questions? Please take the time to read them and respond. I trully do appreciate it.


Thanks!


Unity
Charlepetit LaJoie
Trust Me Ltd
#9 - 2013-02-03 21:57:04 UTC  |  Edited by: Charlepetit LaJoie
EVE University's website has some recorded class lectures on trading, hauling and industry. I think they offer a good overview on how the game economy works, and different basic trade strategies.

http://wiki.eveuniversity.org/Eve_University_Class_Library#Trading

The trading volume of different regional trading hubs:
http://www.element-43.com/market/trading/station/ranking/

EVE-Central allows you to compare prices in different regions:
http://eve-central.com/
Syds Sinclair
University of Caille
Gallente Federation
#10 - 2013-02-05 07:19:13 UTC
..My .02 ISK.

Don't start too big. When I got into station trading, I threw billions at it. Which is good because of volume, but bad because I did not know any of my markets. I was just buying low and selling high, whilst being oblivious.

My balls to the wall kamikaze trading led to burnout. I simply had way too many orders, for too small quantities each, and without any knowledge.

I suggest you do what I did after that. I allocated 500m to trading. This hard cap forced me to make good decisions I. What items I thought were winners. And once I established a profitable item, and made some profit from it, I would expand into another item.

And thus you build a portfolio of profitable markets that you have enough information to comfortable trade in.

Now I am trading with billions of ISK comfortably, but only because I walked before I tried to run.

♠ Sinclair Consulting ♠
Perramas
DreddNaut
#11 - 2013-02-05 07:53:07 UTC  |  Edited by: Perramas
Look for areas that have multiple level 4 agents close together. There you will be able to sell ammo and place buy orders. If you are selling frigates and modules look for active faction war systems and the area where the RedvsBlue alliance fight it out.

You can find agents on this site http://eve-agents.com/

Great minds discuss ideas, average minds discuss events, small minds discuss people- Eleanor Roosevelt

Samroski
Middle-Earth
#12 - 2013-02-05 10:30:44 UTC  |  Edited by: Samroski
Unity Ellecon wrote:

Is it stupid? I know there would be higher volume sales at hub with slimer profit margins, but i am just starting trading with not that much capital. Also, do the buy orders pop off enough in systems to gather enough to sell at hub for a steady flow of isk?

Because the relationship inverse should be true.

Trading is either making money from people that are too lazy to go to hub to buy or too lazy to go to hub to sell?

There are many way to trade. Making money off lazy people is a great way to get into trade. You can buy anywhere- and set up sell orders with high profit margins at minor hubs e.g. L4 agent stations, as suggested above.

As setting up buy orders and waiting for stuff to come in takes a larger investment (and time), you could consider starting with selling stuff.

The key is to anticipate the needs of the people (at the mission hub).

Quote:

Also, is there a good way to measure a systems market volume>? because you can only see region quantity in market?

There is no in-game info on system or station market volume, afaik. I suppose you could keep an eye on the orders at a station/system for a few days to get an idea. Most good stations to trade in have more than 10 docked and active pilots in them, all the time. There are many resources out of game that may be of help. Here is some one year old information that you may find useful.

Any colour you like.