Market Discussions

Hi,

I have read multiple threads on trading but I kind of get the overall message of it, but when it comes to looking for that item or items to buy low and sell high, I have a problem and can't really figure out the trading aspect of it. I'm not asking you guys/girls to give me your items that make you profitable, I'm just asking what should I be looking for and how should I be looking for it to know its a good trade or not, and if it will sell fast or not.

If you do not wish to respond due to having a secret in this thread that is completely fine, but if you're willing to help me out to point out somethings to get me started and to get me understanding how exactly you guys/girls trade I would greatly appreciate it.

If you don't want to say anything out loud feel free to add me ingame and we can have a private conversation. I'm really trying to get into trading but I have no idea where to start. I've done some NPC trading but it isn't as profitable as I like it to be since I could make more money mining than selling to npc's. But that's all I know for trading really.

Thanks in advance,

Maykid

Let me just say this:
There are 2 aspects of trading, one being making money or profit, or related income, etc... And the list goes on and on...

The second is how to find the deals, offers, opportunities, etc, even though they are not transacted, and so perhaps never benefited from financially.

I don't know exactly why yet, but I started different Pilots styles and the Trader one was the most efficient for me so far.

After more than 6 months of inactivity, the pilot seems to start loosing ground to the competition.
Which, to me, means that I can gain ground on or relative to others again if I reactivate it.

As for your example of refering to buying low and selling high, you first have to find those offers.
1st, you'd need to find the offer of buying low, which has to mean that it is lower than average sell or buy price.

As for the 2nd part of selling high, you have to find a buyer that is willing to pay more due to location or other reasons.
Normally, the transaction goes to the lowest bidder first.
In auctions, which can be held in the forums, the transaction is meant to go to the highest bidder, although fixed rates can be applied.

I never made more ISK than others to achieve more success as a trader.
Only the learning curve ratio was what made me more efficient.

I only sell what I have and therefore don't spend money on buying.
I also sell what I produce.

Granted, it does take a bit of hauling and price checking but that also costs time and transport.
I often cut down on those expenses or resource cost and sell at the closest points only comparing the 3 nearest costs.

You have to make sure that the same transaction is not going to go 3x more 2 jumps away.
In which case , the next trader will buy your sale, and get the 3x jump on you by reselling your work.

Anyways, good luck trading, and I believe it is possible to increase the market value by adding traders if done correctly.
The game currently needs Explorers which have valuables to sell (Odysee).
Trading monopolies can be strong but (can) also lead to warfare and spoils of war.

I am developing interfaces in MS Paint to try to solve some of the problems encountered with Trading.
I found more than 5 or 10 so far.

I am also trying to design some way to take advantages of the opportunities available and potential opportunities.

There are links to help with quotes, like http://eve-marketdata.com .

(Btw, the PLEx were 542m ISK, 544m, now 575 from low 498m...)

Oh, and public courier contracts ftw.

http://eve-marketdata.com/price_check.php?step=Show&type_id=29668&region_id=&solarsystem_id=&type=buy
2 @ 588m in Jita
+ 73 @ 587m in Jita
I bought one at 580m and got around 576m to 572m for it after taxes.
That was selling with a low trader skills pilot (my second best).
Still a lot better than my average 500m.

To 2 @ 593m all time high for me so far in Lonetrek - Kakakela (20 jumps from Jita) and Funtanainen (1 each).
+ 138 @ 588m in Jita compared to 2 earlier today.

How much does it costs then?

Decide if you are station trading (i.e. buy in Amarr via buy orders, sell in Amarr via buy orders), region trading (i.e. buy in Sinq Laison via a regionwide order, sell some of the stuff where you get it, and transport the rest and sell it in Dodixie), or hub-to-hub trading (i.e. buy in Amarr, sell in Hek), short term speculative trading (buy an item Tuesday and sell it Sunday when you predict the price will be higher) or long term speculative trading (buy an item today,sell in in 12 months).

They require different skill allocations (e.g. Tycoon 3 or 4 is important for region trading, while Wholesale 3 will do for hub-to-hub, but a hub-to-hub trader might want to be able to pilot a Freighter; a station trader absolutely needs Accounting 5 and Broker Relations 5). Speculative trading requires a lot of knowledge of game mechanics and the EVE metagame, but can pay off very well (I traded over 1000 Exequrors and Phased Muon Sensor Disruptors at enormous profit during the TEST/Goons war and got rid of all my stock before the post-war price fall).

Then work out which parts of the job you can get useful idiots to do for you cheaply. I am constantly flabbergasted at how cheaply people will do courier contracts to move small items around empire. Why buy a warp scrambler in a trade hub for 2750k when you can buy it 4j away in highsec for 2300, then pay a useful idiot 60k via an overcollateralized courier contract to bring it to you?

Just do what you're meant to do, that is buy LOW then...? And then sell high, if you don't get that, then you're doing it wrong. Its no good buying something when its above what the regional average lowest/high selling price was 2 weeks ago, when it could likely drop back down in the 0.01isk fight by all those perceiving a nice large margin that suddenly collapses. But that of course depends on trend, all information you need is in the price history.

I tend to spread over many different things, I slowed down my order updating while I work hard on standings to reduce my broker fees to a minimal level, so I've only picked things which are relatively stable moving between a low and higher average over 1 - 2 weeks. So I set my orders according to my predictions, its risky, it does not make as much isk over time but it allows me to go work on my standings grinding lvl 3's 1 jump over from jita and the occasional daily update in between when I can be bothered. Some items I've been able to sell directly to buy orders because I've left them for 1 week and watched the price creep back up, which is all cool by me