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so whats the best trade you did

Author
Manny Moons
Aliastra
Gallente Federation
#41 - 2013-05-14 16:45:09 UTC
TheSmokingHertog wrote:
Its called a margin trading scam.

Auduin Samson wrote:
I hate to tell you this, but you were duped...

No, really, I'm sure it's legit.. CCP would never allow the market system to become contaminated with fraudulent orders. Roll
Zor Isu
Cajun Fast Mart
#42 - 2013-05-15 16:40:37 UTC
My First Jump Freighter cost me 2.2 billion isk, i sold it a year and a half later for triple that cost.

www.eveblackjack.com

how to get started tutorial  http://youtu.be/6OLJmTuvqlM

Harry Forever
SpaceJunkys
#43 - 2013-05-15 17:21:45 UTC
Auduin Samson wrote:
Manny Moons wrote:
Samroski wrote:
My first "best" trade was when I bought an officer shield module for 600m and flipped it the next day for 2b.

I did that same trade! Well, I haven't actually sold it yet because there was some kind of glitch with the buy order and it disappeared when I tried to sell. But I'm certain it's just a matter of time before the ISK rolls in...



I hate to tell you this, but you were duped. Scammers will put up a false (highly inflated) buy order for an obscure item and a set number of units that you must have to sell. Then they'll put that item in a contract for an equally inflated price, but slightly lower than the buy order. You check the market, see a massive buy order, then snatch up the item only to see the buy order vanish the moment the contract clears.

TL;DR: If you see a contract selling for a lower price than a buy order, it's a scam. Better luck next time.


I did not get it, so the market buy orders can be a scam? or just the contracts?
Rhivre
TarNec
Invisible Exchequer
#44 - 2013-05-15 17:40:37 UTC
Harry Forever wrote:


I did not get it, so the market buy orders can be a scam? or just the contracts?


Both

The buy order has an extremely high "minimum qty" or an extremely "good" buy order price for an item.

The person selling it has margin trading trained, and does not have enough isk in their wallet to pay for the order (As margin trading reduces the % of isk you need in escrow)

When you try to sell to their buy order, there is insufficient isk to cover the order, and the order cancels.

The contract is usually set up by the same person, who has overpriced the item, so you end up holding an overpriced (usually) crappy item, or a whole load of useless stuff.
Harry Forever
SpaceJunkys
#45 - 2013-05-15 17:52:59 UTC
Rhivre wrote:
Harry Forever wrote:


I did not get it, so the market buy orders can be a scam? or just the contracts?


Both

The buy order has an extremely high "minimum qty" or an extremely "good" buy order price for an item.

The person selling it has margin trading trained, and does not have enough isk in their wallet to pay for the order (As margin trading reduces the % of isk you need in escrow)

When you try to sell to their buy order, there is insufficient isk to cover the order, and the order cancels.

The contract is usually set up by the same person, who has overpriced the item, so you end up holding an overpriced (usually) crappy item, or a whole load of useless stuff.


ok cool, i thought you would be able to sell something and loose the item without getting the money, but it seems the only thing we need to pay attention is to not buy overpriced because of some fake market buy orders
Mara Villoso
Long Jump.
#46 - 2013-05-15 18:47:07 UTC
One day I'll become fabulously wealthy from my giant collection of Slaver Hounds. One day.
Adel Stevens
Nuclear Biomass Destruction
#47 - 2013-05-15 19:40:13 UTC
I once traded my friend a pack of cigarettes to ride his new Green Machine.
Kazuma Gaterau
The Scope
Gallente Federation
#48 - 2013-05-15 20:56:44 UTC
My best trade, profit percentage wide, was I bought a few hundred mining lasers for 140k each and sold them for 450k each, and one guy bought one for 14 million ISK and freaked out and put a 1m bounty on me.

not bad ratio, buying an item for 140k and selling it for 14 million
Drachiel
Mercury LLC
#49 - 2013-05-15 21:10:10 UTC
Either the time I grabbed a Scorch Bomb BPO for 300k (buy order) or the time I sold a Thrasher for 780M (buyer mistake, mine were lowest on market listed at ~1M)
Kuga
Viziam
Amarr Empire
#50 - 2013-05-15 21:21:34 UTC
Sold a Pithum C-Type Kinetic Deflection Amplifier for 13.5B
Daniel Plain
Doomheim
#51 - 2013-05-15 21:56:06 UTC
Kuga wrote:
Sold a Pithum C-Type Kinetic Deflection Amplifier for 13.5B

oh lordy...

I should buy an Ishtar.

Quinzel Nikulainen
Kokako Acquisitions
#52 - 2013-05-17 11:01:04 UTC
Traded a short story about financial innovation and riches for some B.

Traded a few dozen Amarr Shuttles and a bit of ISK to set up some contracts again for some B.

Traded about an hour of precious sleep fast-talking my way into 200M and a Mackinaw, too.

Decimal place trades here and there, made about a B off of Adaptive Invulnerability Field IIs.

I haven't done anything really special but I enjoy my little successes.

My best item passively earns me about 25M/slot (50M/day, one buy one sell) despite moving good volume with great (350%) margins. 'Passive' because I have no competition whatsoever in it. Which alone means I can fund PLEX with no other Market activities. I kind of laugh about that, but I don't consider it to be noteworthy.

I'm envious of all the skilled M&D-famous folk who have such great stories. :P



Ex-Kaalakiota citizen. Ex-Hyasyoda citizen. CEO of KŌKAK, a Nugoeihuvi affiliate corporation.

RavenPaine
RaVeN Alliance
#53 - 2013-05-18 15:20:12 UTC
When the mining forman mindlinks jumped up in price, I flew all over Eden finding them at cheap sell prices. 1 here ,2 there. I found 7 or 8, and I had 3 of my own in some random station can.

Also once, I found 4 Eos' for 50 mil each. Sadly it took me over 4 months to get rid of them, but I tripled my isk. (No wonder the guy dumped them)
Kaaii
Kaaii-Net Research Labs
#54 - 2013-05-18 23:29:57 UTC



Amateurs....,,,,, Blink

Koj 'Jok
Perkone
Caldari State
#55 - 2013-05-19 00:28:50 UTC
About 2 months after starting Eve I set up a region buy order for harvester mining drones in Lonetrek. Someone sold me 3 at 90m each in Sobaseki, whcih I flew 1 jump to Jita and sold at about 170m each. That was the start of my still young trading career.
Babyface Eighteen
School of Applied Knowledge
Caldari State
#56 - 2013-05-20 09:10:12 UTC
Jita direct sales. For thoose who don't remember. They would buy items between sell and buy orders.

I was producing and easily manufactered item that cost like 8mill to make. Buy orders was like 9.5mill and someone had bought up the sell orders, so the sell price was around 14-15mill. I put up a fake buy order for around 10mill, contact my jita direct sales guy. Unloaded 1k items, for something between sell and buy(11mill prob).

I know the price will crash within the next few days, so I fill the buy orders while im at it. Pretty sure he bought some of my sell orders also to keep the price from dumping.
Rual Storge
Caldari Provisions
Caldari State
#57 - 2013-05-20 09:14:00 UTC
i made once 81b profit in a week with 10 minuts of time. Unfortualy i cant tell how.
Quinzel Nikulainen
Kokako Acquisitions
#58 - 2013-05-20 09:34:58 UTC
Rual Storge wrote:
i made once 81b profit in a week with 10 minuts of time. Unfortualy i cant tell how.


I'm guessing it involved the line 'Hey guy, give you 100m to let me take your Titan for a spin?'

Ex-Kaalakiota citizen. Ex-Hyasyoda citizen. CEO of KŌKAK, a Nugoeihuvi affiliate corporation.

Vaerah Vahrokha
Vahrokh Consulting
#59 - 2013-05-20 10:23:42 UTC
Minerals and ices.

I love people discussing how it's impossible to turn up a profit over Trit sales and similar, when it's easy to make 10-20% and the market liquidity allows to dump tons of stock with little notice.
Quinzel Nikulainen
Kokako Acquisitions
#60 - 2013-05-20 12:25:19 UTC
Vaerah Vahrokha wrote:

I love people discussing how it's impossible to turn up a profit over Trit sales and similar, when it's easy to make 10-20% and the market liquidity allows to dump tons of stock with little notice.


Who said that in the history of ever?

Ex-Kaalakiota citizen. Ex-Hyasyoda citizen. CEO of KŌKAK, a Nugoeihuvi affiliate corporation.