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Making _all_ of my ISK work

Author
Daniel Endashin
School of Applied Knowledge
Caldari State
#1 - 2014-06-06 04:39:03 UTC
I'm new to EVE--I pretty quickly started a station trading alt in Amarr. I started with 177M and had no problem getting to ~500M within a few weeks without a whole lot of effort (besides learning!). I'm training up trade skills: my broker fees are 0.75% (doing a few missions a day as well for standings; I know it could improve significantly), and taxes at 0.9%. I'm working on Wholesale right now, and currently have max. 109 orders, which is proving to be a limitation.

My net worth is currently about 2.5B, but 2B liquid. I'm still making >100M/day, but the other 2B is just sitting there. As it is, some of my buy orders take a few days to fill, so increasing them would do nothing.

Clearly I'm doing it wrong, and I can think of several strategies that might help, but as with most things, there are probably one or two things that would help more than all the rest:

Do I need to move on to more expensive items? (Though they're lower volume, but perhaps higher ISK/day volume) Do I need to drive my fees down so I can profit on high volume/low margin commodities? Do I need to move to Jita already? Do I need to invest in some longer returns (e.g., PLEX?) Do I need to do more regional trading?

Again, I'm new to this, so please be gentle. Smile
O'nira
Science and Trade Institute
Caldari State
#2 - 2014-06-06 05:32:25 UTC
move onto more/different orders
Elizabeth Norn
Nornir Research
Nornir Empire
#3 - 2014-06-06 06:05:51 UTC
Have you been trading pretty much the the same items for a while?
Sabriz Adoudel
Move along there is nothing here
#4 - 2014-06-06 07:54:33 UTC
Some items that are worth trading when you have little capital do not scale well as your capital increases.

Case in point: Faint Epsilon Warp Scrambler I. Very lucrative item to trade in if you have less than a billion in trading capital, but if you come back to trade it when you have 60b in capital (as I have recently done) you find that you can't put that extra capital to use effectively at all. (I'm in this market a little at the moment for an experiment in market manipulation, but am looking to exit it because of the effort:profit ratio isn't good enough).

If you want something slightly more scalable to experiment with, try looking at Modulated Strip Miner II.

I support the New Order and CODE. alliance. www.minerbumping.com

Vaerah Vahrokha
Vahrokh Consulting
#5 - 2014-06-06 12:04:54 UTC  |  Edited by: Vaerah Vahrokha
Daniel Endashin wrote:
I'm new to EVE--I pretty quickly started a station trading alt in Amarr. I started with 177M and had no problem getting to ~500M within a few weeks without a whole lot of effort (besides learning!). I'm training up trade skills: my broker fees are 0.75% (doing a few missions a day as well for standings; I know it could improve significantly), and taxes at 0.9%. I'm working on Wholesale right now, and currently have max. 109 orders, which is proving to be a limitation.

My net worth is currently about 2.5B, but 2B liquid. I'm still making >100M/day, but the other 2B is just sitting there. As it is, some of my buy orders take a few days to fill, so increasing them would do nothing.

Clearly I'm doing it wrong, and I can think of several strategies that might help, but as with most things, there are probably one or two things that would help more than all the rest:

Do I need to move on to more expensive items? (Though they're lower volume, but perhaps higher ISK/day volume) Do I need to drive my fees down so I can profit on high volume/low margin commodities? Do I need to move to Jita already? Do I need to invest in some longer returns (e.g., PLEX?) Do I need to do more regional trading?

Again, I'm new to this, so please be gentle. Smile


You don't move to "more expensive items". Take in example Jump Freighters: they are "more expensive" for sure, but they move slow.

You want multiple, liquid markets, ideally where the amount of items moved per day is a multiple of your net worth.

As your net worth grows, you'll find less and less suitable items. I.e. I usually just stick to ices and minerals because I don't like to 0.01 ISK but if I dumped all the stock most markets would crash. So I am "constrained" to those. Other good candidates are very high usage T2 modules. Pick multiple markets with something that is at least 500k - 1M a piece and that rolls 500+ pieces a day.

Other traders instead, prefer to totally focus on a number of items they analyzed everything (market) about. I.e. 2 years ago I made a killing selling some T1 MAPC at Dodixie, I had 35% profit for 3 weeks, I even started producing them to keep up!

Finally, when you have your fees minimized, you may enter the PLEX market, which some regard as "end game trading".
Daniel Endashin
School of Applied Knowledge
Caldari State
#6 - 2014-06-08 14:32:17 UTC
Thanks for all the tips. I'm starting to see some bigger profits, but also seeing how burnout could be a factor.
Sabriz Adoudel
Move along there is nothing here
#7 - 2014-06-08 14:35:58 UTC
Daniel Endashin wrote:
Thanks for all the tips. I'm starting to see some bigger profits, but also seeing how burnout could be a factor.


If market PVP stops being fun, take a break.

Buy a billion ISK worth of ganking ships, kill some miners, then get back to trading.

I support the New Order and CODE. alliance. www.minerbumping.com

Felicity Love
Doomheim
#8 - 2014-06-09 00:12:48 UTC
One word: Volume.

Good luck.

Blink

"EVE is dying." -- The Four Forum Trolls of the Apocalypse.   ( Pick four, any four. They all smell.  )

Rhivre
TarNec
Invisible Exchequer
#9 - 2014-06-09 00:49:33 UTC
5% per day is not terrible, especially when completely new to trading.

After 14d you have doubled your isk, so you will have 4b, assuming I am reading it right and you have 2B invested in the market at any one time.

If I am mis-reading it, and you have 500m in the market, and making 100m/day, then that is 20%/day, which means you double your invested ISK even faster :p

Could you be making more? Absolutely, and there has been some useful advice from VV in here to help you get started
Should you feel bad? Hell no, just remember to keep reinvesting :)