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Station trading

Author
Agondray
Avenger Mercenaries
VOID Intergalactic Forces
#1 - 2014-04-01 02:53:16 UTC
Im trying my hand at station trading, with new max trade skills. Im looking at items to trade and i tried trading ice, i was made profit on trading a 10K stack of caldari fuel blocks so i spent the isk on 100K and dropped them on the market at 250ISK profit per block but than people panicked and prices collapsed from a 250isk profit to 100isk profit per block and i guess because of taxes i actually lost isk in the transfer.

My taxes are 0.9% at jita
my Broker fee says 0.8% on the trade window and 0.51% when i do sell orders

Would smaller cheaper items be better or larger items? is it the fact that every one and their mother dropped the fuel on the market at once causing the collapse?

Im not afraid of the price wars, which are easy its the fact ive bought some items cheaper than market and went to relist at higher prices that should have pulled a profit but just broke even.

"Sarcasm is the Recourse of a weak mind." -Dr. Smith

Loraine Gess
Confedeferate Union of Tax Legalists
#2 - 2014-04-01 03:00:12 UTC
Agondray wrote:

Would smaller cheaper items be better or larger items?


http://en.wikipedia.org/wiki/Operating_margin

http://en.wikipedia.org/wiki/Velocity_of_money


Agondray wrote:

is it the fact that every one and their mother dropped the fuel on the market at once causing the collapse?



Fuel blocks are always shifting around due to huge turnover. Should have researched your market. For example you could start with calculating the cost to construct such blocks...


Agondray wrote:

Im not afraid of the price wars, which are easy its the fact ive bought some items cheaper than market and went to relist at higher prices that should have pulled a profit but just broke even.


Capital that isn't turning a profit is wasted capital.
Tsukihi Phoenix
Shadow Legion Y
Seriously Suspicious
#3 - 2014-04-01 17:10:16 UTC
A). Don't dump such a huge volume of an item on the market at one, jesus christ.
B). Research the item more, look at average volume traded a day and set up your order accordingly.
C). spreadsheet your orders so you can see taxes, broker fees, and net profits/margins at a glance. it helps.

Always have at least 25-30% of your total buy orders in wallet, with the other 75-70% as escrow. Isk not in orders isn't making more isk.

And for the love of christ don't dump items like that, you killed your own profits by doing that.
Agondray
Avenger Mercenaries
VOID Intergalactic Forces
#4 - 2014-04-01 17:17:52 UTC
Tsukihi Phoenix wrote:
A). Don't dump such a huge volume of an item on the market at one, jesus christ.
B). Research the item more, look at average volume traded a day and set up your order accordingly.
C). spreadsheet your orders so you can see taxes, broker fees, and net profits/margins at a glance. it helps.

Always have at least 25-30% of your total buy orders in wallet, with the other 75-70% as escrow. Isk not in orders isn't making more isk.

And for the love of christ don't dump items like that, you killed your own profits by doing that.


100k was much compared to the guy that dropped 1.1m. But thanks for the other advice

"Sarcasm is the Recourse of a weak mind." -Dr. Smith