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station trading noob

Author
Spud Lazair
Doomheim
#1 - 2014-09-21 13:14:10 UTC
so trying my hand at station trading in jit 4-4 i notice the 0.1 isk war is very actice so i am wondering what is the best way to around this? i do not want to just sit in station and modify an order all day every day, however to get that buy order filled you need to be at the top of the pile.

so looking for help

cheers

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

Billy Boma
Imperial Shipment
Amarr Empire
#2 - 2014-09-21 14:54:35 UTC
If you find that you don't want to deal with the .01 isk thing you can move to another Trade hub (Amarr, Dodixie, Rens, or Hek) or a missioning hub. Some of the other market hubs are not as competitive and are easier to start out in but, also have less traffic and items will sell slower.

Generally it is good to stick to items you know when starting out so you don't end up with a large pile of stock you can't move.
Zappity
New Eden Tank Testing Services
#3 - 2014-09-21 17:46:10 UTC
The market is like the ocean. Prices go up and down in waves which you can choose to ride. Or, you can wait for the longer term tide to come in and wash through your sell order. Of course, you need to be buying at 'low tide' for this to work.

Zappity's Adventures for a taste of lowsec and nullsec.

Jdestars
Stars Research systems Incorporation
#4 - 2014-09-22 15:03:46 UTC
The First Vendor Rule its a big disease for the market price .
if you looking the amount of item of the "Street hawkers" a lot of tiny order can be ruin any quote.
Although the weight of its orders is tiny in the curve of distribution of the Orders Book
if you check the history sell curve you see that Curves are in "tooth" of saw

without intraday curve , play in -0.01 isk rules and not profitable ..
Spud Lazair
Doomheim
#5 - 2014-09-22 17:10:29 UTC
Jdestars wrote:
The First Vendor Rule its a big disease for the market price .
if you looking the amount of item of the "Street hawkers" a lot of tiny order can be ruin any quote.
Although the weight of its orders is tiny in the curve of distribution of the Orders Book
if you check the history sell curve you see that Curves are in "tooth" of saw

without intraday curve , play in -0.01 isk rules and not profitable ..


sorry but i have no idea what you are trying to tell me.....................What?

anyway i dabbled for a little while found a good product and placed my buy order, filled that quite easily during the .01 isk battles and then sold my said items again by battling it out.
purchased for 312k and sold for 424k so not a bad return for my first attempt at station trading, i do find it difficult to believe peeps do this all day, mind they probably have more than 1 account so can play the game while trading on an alt, i am strictly solo account so it's not possible for me to multitask Big smile

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

Jerex Deka
Tempest Shipyards
#6 - 2014-09-22 18:58:30 UTC
Spud Lazair wrote:
Jdestars wrote:
The First Vendor Rule its a big disease for the market price .
if you looking the amount of item of the "Street hawkers" a lot of tiny order can be ruin any quote.
Although the weight of its orders is tiny in the curve of distribution of the Orders Book
if you check the history sell curve you see that Curves are in "tooth" of saw

without intraday curve , play in -0.01 isk rules and not profitable ..


sorry but i have no idea what you are trying to tell me.....................What?

anyway i dabbled for a little while found a good product and placed my buy order, filled that quite easily during the .01 isk battles and then sold my said items again by battling it out.
purchased for 312k and sold for 424k so not a bad return for my first attempt at station trading, i do find it difficult to believe peeps do this all day, mind they probably have more than 1 account so can play the game while trading on an alt, i am strictly solo account so it's not possible for me to multitask Big smile



Go to price history, click Show Graph, you'll see with most items the prices fluctuate over time. What he's saying the easier way than 0.1 isking all day, try and hop on while it's at it's low point, and just place your stock at the mid-high points. By following the trends of the graph those items will eventually sell for better margins than they'd be if you were buying and selling at the high point of the graph. At least that's what I THINK he was getting at, sorta.. Big smile

Although for a new trader, this method takes much longer (typically a week or more at LEAST) to sell your stock. So since you have lower capital, I would try and do a little of both, or buy a plex or two and hop right in. A lot of people say NOT to do that, and learn with little capital to lower risk of loss. But it's what I did from the start and in about 8 months (with most of that me not playing eve) I've amassed to about 35b. Which is more than enough for my low SP pvp activities.

Everyone has their own niche in Eve, and it's the same thing with trading. I would say it's best to try a few different methods, and you'll eventually find what works best for you, and the items you've found and want to trade in.

Good luck man, it'll get better with time.

Mari Hata
Main Street Crafts and Goods
#7 - 2014-09-22 19:01:50 UTC
Spud Lazair wrote:

so looking for help


There you go

♫ ♪ ♪

Kudos12345
Doomheim
#8 - 2014-09-23 07:04:51 UTC  |  Edited by: Kudos12345
What worries me from your posting in this thread is that you seem to be station trading on your main (although this is possible) by its very definition station trading involves a station sitting character and even if you are a single account user you have three character slots (again you might have it filled with characters that fill other roles ) none the less its advisable to start training a proper station trading character even if it means stopping the SP training on your main.

The other thing that worries me is that you seem to have all your isk invested in one item, again the old saying that is a warning really about putting all your eggs in one basket. No matter how good the margins are you will get competitors and I have traded plenty of items into the negative margin territory that started out as high to moderately high margins.

Spreading your capital around well means that some of your orders will get filled ( by no means all ) and the need to actively follow an order with market updates diminishes as well. I have never sat there actively bidding for one item, I update and I move on very quickly and with a good capital spread I don't even care if one item or more for that matter in my basket of goods hits negative margins, from that point i just trade it until the orders close up and move onto something more profitable. In saying all that the more updates you do the better your capital turnaround is going to be but by no means does it mean you need to get bogged down in the 0.01 isk wars.

Personal rule i use is that I never invest over 5-10% of my capital in any one item and I never go over trying to take more than 10% of the volume of that item, these are rough averages that I work out in my head from the information that is available within the game client.

In all that congratulations that you are trading at a profit and like the other poster said you will get better with time and find a trading organisational niche that suits you.
Entropian Ragnarok
Ruthless Regiment
Brotherhood of Spacers
#9 - 2014-09-23 10:51:04 UTC
Station trading can be very profitable, However I find that this is not the best way to Invest ISK for solid incomes, I have been making a cosy 400-500 Million ISK Per run moving items from Jita to other Hubs, Granted I have got a fair amount of ISK to start this with, and it does have Risk involved (Suicide Gankers Love Juicy targets)

Again this would require 2 characters, But they can be on the same account as you only need one to put orders up in the selling station and for price comparisons, Which you can find several EVE Related market tools to do the actual market analysis for you so that you can see clearly which items are at a better margin in other Hubs.

I'd be happy to discuss and advise further if you wish to contact me in game
Wolf Incaelum
Sebiestor Tribe
Minmatar Republic
#10 - 2014-10-24 19:55:11 UTC  |  Edited by: Wolf Incaelum
Posting here to avoid opening a redundant thread.

I am also new to station trading. I've been making a profit, but a relatively small profit. Any pointers are welcomed.

A few of the question that I can think of off the top of my head are:


  • What size of margin should I be looking for?

  • What types of items typically have the best margins?

  • If I'm flipping something like ammo and I have a buy order set up for 10 or 15k units, and someone sells me 650 units, should I go ahead and set up a sell order for them right then and there to avoid being forced to sell at a lower price later, or should I save up a few more hundred/a couple thousand and sell in larger amounts?

  • What are some ways (if any) to get my buy orders to be filled quickly and my sell orders to sell quickly? Right now, I have a few orders set up for planetary command centers. They have what seems to me to be a decent margin, and tend to sell fairly quickly when I set up a sell order for them. The part that is slow is getting the damn buy order to fill.



Any and all tips and pointers, as well as criticisms, are warmly welcomed. Also, I'm sorry if I have asked any questions that have been answered earlier in the thread. I'm at school right now and have to be getting to my next class here in a few minutes, so I don't currently have a plethora of time to read through the thread. I literally just searched for a topic, found this thread, and clicked "Reply". Ugh

ANARCHYFOREVAAARRRRRRRRRR!!!!!!!

Argent Rotineque
The Scope
Gallente Federation
#11 - 2014-10-24 21:34:29 UTC
Wolf Incaelum wrote:

What size of margin should I be looking for?


It depends on how quick trade is, think if it this way, buying and selling 100,000,000 trit for .4 isk or 10 implants for 4 million isk margins both result in 40,000,000 isk profit. Trying to trade veldspar for a high margin or implants for a low margin are both suboptimal. Generally 10% is a pretty high margin for all but the slowest items and 5% is starting to get low for modules.

Wolf Incaelum wrote:

What types of items typically have the best margins?


Usually very expensive, slow moving items. Less used hulls, faction and ded modules.

Wolf Incaelum wrote:
If I'm flipping something like ammo and I have a buy order set up for 10 or 15k units, and someone sells me 650 units, should I go ahead and set up a sell order for them right then and there to avoid being forced to sell at a lower price later, or should I save up a few more hundred/a couple thousand and sell in larger amounts?


There are items where I like to have multiple sell orders active at once, but even 2-5 is generally plenty. For quick stuff it may make more sense (3-4 active slots constantly being turned might work, but that seems like a ton of work to me).

Wolf Incaelum wrote:
What are some ways (if any) to get my buy orders to be filled quickly and my sell orders to sell quickly? Right now, I have a few orders set up for planetary command centers. They have what seems to me to be a decent margin, and tend to sell fairly quickly when I set up a sell order for them. The part that is slow is getting the damn buy order to fill.


Aren't those seeded via NPC sell orders? Buy them (remotely) and have a courier ship them to you seems like the obvious solution. Otherwise you're only buying the times when someone mistakenly buys one. You could try listing a buy order that was a markup to the NPC price (but less than your cost to have them shipped to you).
Wolf Incaelum
Sebiestor Tribe
Minmatar Republic
#12 - 2014-10-24 23:15:20 UTC
Argent Rotineque wrote:
Aren't those seeded via NPC sell orders? Buy them (remotely) and have a courier ship them to you seems like the obvious solution. Otherwise you're only buying the times when someone mistakenly buys one. You could try listing a buy order that was a markup to the NPC price (but less than your cost to have them shipped to you).


To be honest with you, I haven't the slightest clue where they come from. Lol. All I know is that other people have buy orders set up that I have to compete with from time to time, and there are a decent amount of sell orders up for them that I also have to compete with. The pattern seems to be that I have to compete with the sell orders for them more often than I have to compete with the buy orders, but I usually only sell 3 or 4 at a time, so the sell orders for them go fairly quickly.

ANARCHYFOREVAAARRRRRRRRRR!!!!!!!