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Trading

Author
Vaako Omaristos
Doomheim
#1 - 2014-08-05 09:20:40 UTC
Hi All.

The majority of my income has been from me selling plex, but as that isn't viable at the moment, i have decided to start trading.

I transferred 20m into my corp wallet, and have been selling old modules, minerals, ships and such.

I now have 204m in the corp wallet.

My question is now that i have more capital, what are my next steps to making even more

Trader, industrialist and thinker. Follow my progress on my 141 trading challenge here

Velicitia
XS Tech
#2 - 2014-08-05 10:29:50 UTC
buy low, sell high.

One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia

Abidal Trekt
Caldari Provisions
Caldari State
#3 - 2014-08-05 13:57:07 UTC
More items, more orders, more toons, scale up!
Vaako Omaristos
Doomheim
#4 - 2014-08-05 14:01:48 UTC
Abidal Trekt wrote:
More items, more orders, more toons, scale up!



so just scale everything that i am doing now, and eventually millions will turn into billions.

Is there anything in particular i should avoid at this juncture? Or anything i should focus on?

Trader, industrialist and thinker. Follow my progress on my 141 trading challenge here

Violett Lai
Balls Deep Inc.
#5 - 2014-08-05 14:05:15 UTC
Lol no one will tell you which items work well. No one wants additional competition.
If you cant find your own ways, you shouldn't even try to become successful as a trade. Its not only about spreadsheets, you also need some talent for understanding the market.
O'nira
Science and Trade Institute
Caldari State
#6 - 2014-08-05 14:14:31 UTC
Eifyr and Co. 'Gunslinger' Medium Projectile Turret MP-805 you can buy for 28m and sell for 33,99m !

that is 15.34% margins with 5s and no standings or 5.1million isk.


get trading
Vaako Omaristos
Doomheim
#7 - 2014-08-05 14:16:05 UTC
well i wasn't expecting people to say buy this here and sell it there.

I was looking for perhaps general advice that got them started in the first place

Trader, industrialist and thinker. Follow my progress on my 141 trading challenge here

Nanny State
Doomheim
#8 - 2014-08-05 14:43:19 UTC
Myriad Blaze
Common Sense Ltd
Nulli Secunda
#9 - 2014-08-05 16:49:37 UTC
Nanny State wrote:
https://www.youtube.com/watch?v=3v9YmV7OYxs

https://www.youtube.com/watch?v=JGoe-ClBMOA

https://www.youtube.com/watch?v=CU0WH4PsoGk

you're welcome.

These videos are partially outdated and not very good in the first place, imho (i.e. overview settings, quickbar, trade history). The 1st one is worth watching to get an idea what to trade as a beginner. But before you watch it I'd suggest to watch a better traininig vid to get the basics right. Found this in the youtube short list, glanced over it and it seems ok: https://www.youtube.com/watch?v=qI8EyalC1J4
Vaako Omaristos
Doomheim
#10 - 2014-08-05 22:12:51 UTC
Myriad Blaze wrote:
Nanny State wrote:
https://www.youtube.com/watch?v=3v9YmV7OYxs

https://www.youtube.com/watch?v=JGoe-ClBMOA

https://www.youtube.com/watch?v=CU0WH4PsoGk

you're welcome.

These videos are partially outdated and not very good in the first place, imho (i.e. overview settings, quickbar, trade history). The 1st one is worth watching to get an idea what to trade as a beginner. But before you watch it I'd suggest to watch a better traininig vid to get the basics right. Found this in the youtube short list, glanced over it and it seems ok: https://www.youtube.com/watch?v=qI8EyalC1J4


Thanks very much for the advice. Really interesting stuff in that last video.

Trader, industrialist and thinker. Follow my progress on my 141 trading challenge here