These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

Is it possible for a casual player to play the market?

Author
Spud Lazair
Doomheim
#1 - 2014-09-04 18:21:17 UTC
as title of topic say's is it possible?

i have a paltry sum of isk which i am desperate to increase, however i work in real life as a driver so my time in the game is very very limited, at the moment i make my isk by doing some missions in high sec, i am not really a null pvp kind of player again one of the reasons for this is down to time.
i see players with billions and even trillion's of isk and am struggling to figure out how or if this is even possible in my situation.
any links or advice appreciated

thanks

"Accept that some days you are the pigeon and some days you are the statue"

Derp Durrr
University of Caille
Gallente Federation
#2 - 2014-09-04 19:27:38 UTC  |  Edited by: Derp Durrr
I think in your situation the market may be the perfect thing to do. log in, farm your orders, list your stock, maybe courier an item or 2 around for bigger income, log off. next day you'll see the results. its one of those things that can be very rewarding with no more than an hr or so to manage it. of course this will not bring you in league with the whalesharks but at least it will get you in the fishtank.

check out this guy's blog for a more step by step "how to be a billionaire" approach.

Founder of the soon-to-be Legendary Tournament series -=DESTRUCTION DERPY=- Are you up for the challenge? Join our ingame channel Destruction Derpy today!

Cista2
EVE Museum
#3 - 2014-09-04 19:43:03 UTC
For a casual player with limited isk, the key is to find items that do not have enormous high turnover, billions of isk per day. Those have highly competitive traders all over them.

You want to find some nice modules that are in fact needed, but not by all players. Check the gap between buy order and sell order, either in Jita or similar hub, or between regions if you want to haul. Buy some of those, and then you will find that updating your orders once per day can be enough.

My channel: "Signatures" -

Bayonnefrog
Blueprint Mania
#4 - 2014-09-04 20:40:42 UTC
Absolutely. Read the marketsforisk blog and he'll guide you along nicely. You can update trade orders each day as a casual player and make billions per month. I was able to go from nothing to about 30b+ in about 7 months. And I play very casually. And I'm sure others can do a lot better than that.
0o0Preatorian0o0
State War Academy
Caldari State
#5 - 2014-09-04 21:52:48 UTC
If you don't mind picking items up for a living, or get a corp to pick them up for you like npc hauler missions.

Put up region buy orders for items in not over populated regions and you can make a lot of isk reselling.
Or buy in amarr and move it to Gonditsa, setup your own market even. But then you run the risk of being suicide ganked in your freighter by 25 dudes in destroyers. Plenty of ways to make some isk on the market.
Adunh Slavy
#6 - 2014-09-04 22:55:34 UTC
Yes

Don't be a 0.01 ISKing monkey, trade on trends, take longer term views.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Sabriz Adoudel
Move along there is nothing here
#7 - 2014-09-04 23:31:38 UTC
Yes.

Here's a starting strategy. It's too labor intensive for most MD dwellers, but it's ideal to make your first two billion ISK.

Pick a region with both a trade hub and a mission hub. Place regionwide buy orders for some of the better mission drops, ones that have genuine PVP demand, and also exploration loot. When you get hits, post them for resale on 30 day sell orders at the stations they are sold to you at.

If they return unsold, post a collateralized courier contract to get someone to move the modules to the trade hub, and post them for sale there.

Monitor your buy orders each time you log on - if you have been 0.01 ISKed, counter 0.01. If you have been dramatically outbid, consider selling all your stock that is in lowsec to the person that outbid you.

Two modules and one exploration drop to get you started (these are intentionally not the best options, but they will all be profitable):
Modal Light Neutron Particle Accelerator I
Faint Epsilon Warp Scrambler I
Esoteric Symmetry

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

Ocih
Space Mermaids
#8 - 2014-09-05 08:15:24 UTC
Limited game time, get Customs Code Expertise to 4 on all 3 characters on your account. It will take around 12 days total. Take Planetology to IV on all 3 as well Everything else to 3. Any Industrial will work but Gallente have PI specific ones.

This will get you 15 planets, set them to 1 day cycles. I'd suggest finding some RvB High Sec planets. They have 15% tax, you will pay 11 and RvB are public about their place in EVE.

A system with 4 planets of the same type is ideal, close to a hub. Be diligent, it won't consume a lot of time to keep it active. Even the most casual player will make 400 mill a month if they make it a routine and have all 3 character slots active. It's not going to make you rich, pay your sub or anything. It's going to build your wallet. A wallet you can then make market decisions with.

All my market decisions are long term so yes, casual can work. When I say long term, I mean years. The PI stream and the market investment system works well together.

Spud Lazair
Doomheim
#9 - 2014-09-05 08:57:14 UTC
many thanks for the replies

"Accept that some days you are the pigeon and some days you are the statue"

Kudos12345
Doomheim
#10 - 2014-09-06 14:20:30 UTC  |  Edited by: Kudos12345
I can just offer advice as a station trader and its probably the most suited occupation in EVE for casual play, in fifteen minutes you can update all your orders (if you are well organised) and use Elinor a third party tool to do it I wouldn't be a station trader without it.

People on here talk about long term trends and that sort of a thing but the question is how much of your headspace do you want occupied by what price direction are items in an online game moving when there are other things perhaps more pressing in your real life that you need to consider. So in saying that trading in the now or as close to now as a person can get, has its place for certain individuals.

As for how those amounts are possible, a smart person once said compound interest is the most powerful force in the universe and in principle growing a 100m pile isk by 5% isn't all that different than growing a 1b pile by 5% in terms of organisation but the output amounts are quite different and as your capital pile grows so will its outputs which simply put is that old saying 'it takes money to make money'.

EDIT:

I did say fifteen minutes to update orders, perhaps rashly, although with Elinor its possible to do it very quickly, general rule is the more capital you have across more items the longer it will take, whatever the time is its a far cry from some ISK making PVE activities in EVE and in addition to updating orders there are other things that have to be decided like capital placement which is important and does involve time itself but this time can be measured more in tens of minutes than hours for example.
Soldarius
Dreddit
Test Alliance Please Ignore
#11 - 2014-09-11 17:44:09 UTC
Aye, trading and PI sounds perfect for you.

http://youtu.be/YVkUvmDQ3HY

Vaerah Vahrokha
Vahrokh Consulting
#12 - 2014-09-11 20:19:29 UTC
Spud Lazair wrote:
as title of topic say's is it possible?

i have a paltry sum of isk which i am desperate to increase, however i work in real life as a driver so my time in the game is very very limited, at the moment i make my isk by doing some missions in high sec, i am not really a null pvp kind of player again one of the reasons for this is down to time.
i see players with billions and even trillion's of isk and am struggling to figure out how or if this is even possible in my situation.
any links or advice appreciated

thanks


I am casual since 4 years, I trade over weeks, I stopped taking account of my stuff past 300B... so yes you definitely CAN.
Lan Wang
Princess Aiko Hold My Hand
Safety. Net
#13 - 2014-09-14 16:13:48 UTC  |  Edited by: Lan Wang
Do you guys keep all your isk invested all the time? Just started trading myself and making some amount of isk a day but dont really notice it as i constantly keep it invested

Domination Nephilim - Angel Cartel

Calm down miner. As you pointed out, people think they can get away with stuff they would not in rl... Like for example illegal mining... - Ima Wreckyou*

voetius
Grundrisse
#14 - 2014-09-14 17:16:02 UTC
Lan Wang wrote:
Do you guys keep all your isk invested all the time? Just started trading myself and making some amount of isk a day but dont really notice it as i constantly keep it invested


I can only speak for myself. Sometimes yes, sometimes I just let stuff sell through for weeks at a time. This works for me because, like VV and some others, I mostly trade on regular cycles in the market. There is always a chance you will get caught with your pants down if you do this on a small number of items and don't pay attention to the forums, dev blogs, test server forum etc, so you need to bit a bit cautious with this approach and mitigate the possible downside.
Spud Lazair
Doomheim
#15 - 2014-09-15 10:31:26 UTC
thanks for the replies, i am struggling to understand the market itself, been casual and not playing everyday:-

how do you follow the market in this situation?
how do you know/choose what to buy and sell?

do you look for items that are selling well and trade in that item?

"Accept that some days you are the pigeon and some days you are the statue"

Chainsaw Plankton
FaDoyToy
#16 - 2014-09-15 23:56:10 UTC
for many items the price goes up and down over the week. I tend to set my orders and forget about them for at least a week as they almost always sell.

@ChainsawPlankto on twitter