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Station Trading - How do you know how much money you have made?
Author
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Tina Tyrion Lanister
Royal Amarr Institute
Amarr Empire
#1 - 2013-09-12 10:31:42 UTC  |  Edited by: Tina Tyrion Lanister
Without meticulous record keeping I have a hard time "seeing" my actual profits. Between he ISK in my wallet, the value of my various (which may or may not fill) , the estimated value of my inventory, and everything else. Is there some relatively "easy" way that you have found helps to keep track of this?
arabella blood
Keyboard Jihad
#2 - 2013-09-12 10:45:47 UTC
A calculator.

There are many 3rd party softwares and apps to calculate it. Use google.

Troll for hire. Cheap prices.

Takanuro
Eve Faction Trade Exchange
#3 - 2013-09-12 11:23:30 UTC
I just do some casual trading stuff and the advanced features on Evemon fit my needs. There are probably more advanced tools for detailed trading set-up you look around.

Yes, we're going to die, but you're coming with us!
Rhivre
TarNec
Invisible Exchequer
#4 - 2013-09-12 11:25:43 UTC
check NAV once in a while, either by quick excel, or Jeve Assets

Fluffy Bunny Pic!

Wafflehead
Garoun Investment Bank
Gallente Federation
#5 - 2013-09-12 16:28:43 UTC
N.E.A.T. Eve Accounting Tool - http://pwning.de/neat/
Eve-Profit (Reborn) - http://192.40.57.168/war/EVE-Profit/
Eve-Mogul - https://www.eve-mogul.com/
Mycool Jahksn
Viziam
Amarr Empire
#6 - 2013-09-13 23:42:44 UTC
If you buy something for 100 isk p/u say 50.000.000 units and then sell them for 105 isk that means you've made 250 mil.

That's pretty much it and if you cant see that 250 mil then I suggest you go see an optician for some glasses.

My interests include but are not limited to throwing rocks at bee hives.

There are more stars in the universe than all of the grains of sand on earth.
Baggo Hammers
#7 - 2013-09-14 03:20:45 UTC
Your journal?

If you don't know where you're going, any road will take you there.
Wafflehead
Garoun Investment Bank
Gallente Federation
#8 - 2013-09-14 10:57:02 UTC  |  Edited by: Wafflehead
Troll :P
arabella blood
Keyboard Jihad
#9 - 2013-09-14 11:16:45 UTC  |  Edited by: arabella blood
HAHA. I ROLLED SO HARD.

KARMA IS A *****.

Waffle? is 50m*105 is 7.5B ???
wtf?!?!?!?!

Edit: first rule of smack talk - always make sure you are right!

Edit 2: yeah remove that comment now, miserable fail. PRICELESS!

Troll for hire. Cheap prices.

Wafflehead
Garoun Investment Bank
Gallente Federation
#10 - 2013-09-14 11:19:56 UTC
arabella blood wrote:
HAHA. I ROLLED SO HARD.

KARMA IS A *****.

Waffle? is 50m*105 is 7.5B ???
wtf?!?!?!?!

Edit: first rule of smack talk - always make sure you are right!


2nd rule.. make sure you are fully awake ... haha
arabella blood
Keyboard Jihad
#11 - 2013-09-14 11:21:14 UTC
We still love you :)

But the net never forgets :p

Troll for hire. Cheap prices.

Elsa Freyja
Nornir Research
Nornir Empire
#12 - 2013-09-14 21:25:13 UTC  |  Edited by: Elsa Freyja
Wafflehead wrote:
Mycool Jahksn wrote:
If you buy something for 100 isk p/u say 50.000.000 units and then sell them for 105 isk that means you've made 250 mil.

That's pretty much it and if you cant see that 250 mil then I suggest you go see an optician for some glasses.
This has got to be one of the most awful posts I have ever seen in the Market Discussions forum!.



  • You need to goto an optician to get some glasses
  • You need a private tutor to teach you some maths




50.000.000 (50,000,000) 50M units at 100 isk p/u = 5.000.000.000 (5,000,000,000) or 5B
50.000.000 (50,000,000) 50M units at 105 isk p/u = 7.500.000.000 (7,500,000,000) or 7.5B

7,500,000,000
- 5,000,000,000
= 2,500,000,000

Net profit of 2,500,000,000 (2.5B)

Although this is useless as there is taxes involved with all market transactions. (Yes OP did not state if they wanted gross or net, but the only bottom line that's worth tracking is the Gross Profit)

These are the times I wish there was a thumbs down button to rate a post.


Lol
Ireland VonVicious
Vicious Trading Company
#13 - 2013-09-14 23:24:34 UTC  |  Edited by: Ireland VonVicious
Take wallet amount

Plus sell order amount

Plus isk tied up in escrows for buy orders.

= rough isk value of what you have in market.

It's rough because some taxes are already paid on the buy side and you are above the average on the sell side with work still due and adjustments to these orders are more likely to go down.


Either way take your rough number and just add it daily and see how it's moving.

That will give you a good idea of how you are doing on the market.

Everything else is just assets build up.
Adjust for asset build up / reduction v.s. market if large changes are happening.
Don't allow phony value due to over buying any given item in a given market.