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So if I want to make some money on trading...
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Boern Leedah
Ministry of War
Amarr Empire
#1 - 2011-11-08 21:55:09 UTC  |  Edited by: Boern Leedah
Do I have to be a cutthroat, undercut-other-traders-all-the-time person? Or can I make good money just doing margin trades to carebears and lazy PVPers?

Considering plopping an alt's ass in Jita and playing the market for some more income, but if I have to be on him all the time making trades, I suppose I'm not up for that.
Mantra Achura
Stammtisch
#2 - 2011-11-08 22:01:03 UTC
Boern Leedah wrote:
Do I have to be a cutthroat, undercut-other-traders-all-the-time person? Or can I make good money just doing margin trades to carebears and lazy PVPers?

Considering plopping an alt's ass in Jita and playing the market for some more income, but if I have to be on him all the time making trades, I suppose I'm not up for that.


Even in Jita you can make plenty of money with orders just updated twice a day. Fast trading short term wise and with prices fluctuations med time wise, both works fine.
Kara Books
Deal with IT.
#3 - 2011-11-09 11:19:44 UTC
Once upon a time I had a merchant in jita with but 4-5 hours of skill training put on it.

I updated orders every 3-6 hours and would come out with something like 300-750M per month working with less then 200M pretty much the whole time.

yes, you do have to have best price for buy and sell orders, or you get nothing.


ATM im working on a PERFECT jita alt, planning on plopping 10-20 billion when it comes out of schooling, so yes, Jita is a good iskies maker.

Bots, learn as many tricks as possible to either use them to make profits or just chase them away into zero profit land when they get into your way, there is no other way if you plan on running 200 some odd orders at the same time.
Thur Barbek
Republic University
Minmatar Republic
#4 - 2011-11-09 15:35:12 UTC
Kara Books wrote:
Once upon a time I had a merchant in jita with but 4-5 hours of skill training put on it.

I updated orders every 3-6 hours and would come out with something like 300-750M per month working with less then 200M pretty much the whole time.

yes, you do have to have best price for buy and sell orders, or you get nothing.


ATM im working on a PERFECT jita alt, planning on plopping 10-20 billion when it comes out of schooling, so yes, Jita is a good iskies maker.

Bots, learn as many tricks as possible to either use them to make profits or just chase them away into zero profit land when they get into your way, there is no other way if you plan on running 200 some odd orders at the same time.


lol... I update orders once per day, sometimes every two days if im lazy. Probably make around 150m / day.
Mantra Achura
Stammtisch
#5 - 2011-11-09 18:25:03 UTC
Thur Barbek wrote:
Kara Books wrote:
Once upon a time I had a merchant in jita with but 4-5 hours of skill training put on it.

I updated orders every 3-6 hours and would come out with something like 300-750M per month working with less then 200M pretty much the whole time.

yes, you do have to have best price for buy and sell orders, or you get nothing.


ATM im working on a PERFECT jita alt, planning on plopping 10-20 billion when it comes out of schooling, so yes, Jita is a good iskies maker.

Bots, learn as many tricks as possible to either use them to make profits or just chase them away into zero profit land when they get into your way, there is no other way if you plan on running 200 some odd orders at the same time.


lol... I update orders once per day, sometimes every two days if im lazy. Probably make around 150m / day.


That's indeed good enough for beeing lazy in updating. Big smile
If enough money is spread out in different item types you can maximize your profits. And if no free orders are available increase your order volume.
Atomik Harmonik
Working Girls
#6 - 2011-11-10 00:19:59 UTC
Boern Leedah wrote:
Do I have to be a cutthroat, undercut-other-traders-all-the-time person? Or can I make good money just doing margin trades to carebears and lazy PVPers?

Considering plopping an alt's ass in Jita and playing the market for some more income, but if I have to be on him all the time making trades, I suppose I'm not up for that.



YES to both questions, you can play it either way.

If you want to do 'lazy' marketing, I'd suggest going somewhere else than Jita and keep your eyes out for opportunities
Companion Qube
Pator Tech School
Minmatar Republic
#7 - 2011-11-10 07:25:42 UTC
Boern Leedah wrote:
Do I have to be a cutthroat, undercut-other-traders-all-the-time person? Or can I make good money just doing margin trades to carebears and lazy PVPers?

Considering plopping an alt's ass in Jita and playing the market for some more income, but if I have to be on him all the time making trades, I suppose I'm not up for that.

Buy high and sell low!
Revolution Rising
Last-Light Holdings
#8 - 2011-11-10 11:11:37 UTC
Hedging is good in major hubs, if you're also producing, that also helps.

Joining a toon to a 0.0 alliance also will net in some decent percentages on goods that are commonly used.

.
GreasyCarl Semah
A Game as Old as Empire
#9 - 2011-11-11 20:03:39 UTC
Trading is one thing but don't forget simple arbitrage, you can often buy in Jita or Rens and ship the goods off to a secondary trade hub, one within a few jumps but in a different region (such as Hek in relation to Rens) and make a tidy profit on certain goods. I have seen a 300% price variation on certain items on more than a few occasions.

Many people overlook arbitrage because of the work it involves.
Panse Puss
Imperial Academy
Amarr Empire
#10 - 2011-11-12 11:21:35 UTC
You will still need to find a way to beat some guys who keep refreshed a huge amount of orders. GL
Example:
http://imageshack.us/photo/my-images/715/crazymfmarketorders.jpg
http://imageshack.us/photo/my-images/263/f462marketorders.jpg
Dane El
Negative Density
#11 - 2011-11-12 14:09:57 UTC
The way to beat traders who obsessively update their orders without joining in the game is either trade in items or stations they aren't in or be patient and wait for market shifts to uncover your orders. You'll probably have to accept lower volume and orders that sometimes stagnate for weeks. I update orders once or twice a week. I replace fulfilled orders 2 or 3 times a week and manage to make a good income.

Problems with this type of trading is that you have to invest more isk rather than more of your time. If you have the isk and patience its a much easier operation to run. If you need high turnover to meet your goals, its probably not an ideal way to trade.

I don't have the time to play Eve every day. Much less log in 2 or 3 times a day to update orders. I still make nearly all my income from the market and I think I do OK. It took a while to build up a sufficient amount of isk and a list of items with little competition but decent returns but once there its smooth sailing. I put maybe 3 hours a week into trading and pull several billion a month in profit.
Tasko Pal
Spallated Garniferous Schist
#12 - 2011-11-12 15:15:36 UTC
Dane El wrote:
The way to beat traders who obsessively update their orders without joining in the game


You do realize that "the game" is merely demand for my quality goods and services?
Radelix Cisko
JUMP DRIVE ACTIVE
#13 - 2011-11-16 00:34:26 UTC
GreasyCarl Semah wrote:
Trading is one thing but don't forget simple arbitrage, you can often buy in Jita or Rens and ship the goods off to a secondary trade hub, one within a few jumps but in a different region (such as Hek in relation to Rens) and make a tidy profit on certain goods. I have seen a 300% price variation on certain items on more than a few occasions.

Many people overlook arbitrage because of the work it involves.



Most of my income is arbitrage. Though I am patient enough to watch my Badger crawl through space

Despite my posting prowess I really am terrible at this game