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What do you do with market data
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t'raq mardon
Laminated Metals
#1 - 2014-12-07 19:46:14 UTC
Analyzing the market to find good trades is, in my personal opinion, one of the most important parts of trading. So how do you do it? what is it that you look for in the numbers that makes you think it's a good trade?

Personally, though I don't pretend to be anything but mediocre, I use historic data to look for low standard deviation in average daily price, a consistent margin, a reasonable daily volume, and an acceptable daily profit. I also use current data for, obviously, an acceptable current margin.
Artemis Scat
Thebes Guild
#2 - 2014-12-07 21:23:44 UTC  |  Edited by: Artemis Scat
I take into account SD in comparison to the average price over the past 3 months, 6 months, and year. But I also tend to take into account changes in price due to CCP's patches.

Also, I look at the possibility of player manipulation on a daily level, looking at the days with the largest change in average price or largest volume traded.

Furthermore, I take into account the flow of the market in relation to time of the year and PLEX prices. With certain items, i look at thresholds and industry efficiency by comparing an items price to its components.
HeXxploiT
Doomheim
#3 - 2014-12-08 07:38:34 UTC
TheSmokingHertog
Julia's Interstellar Trade Emperium
#4 - 2014-12-08 11:44:28 UTC
No special analysis, just find a high volume long term swing market, cover the grounds, work and stand it.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
t'raq mardon
Laminated Metals
#5 - 2014-12-08 14:38:34 UTC
TheSmokingHertog wrote:
No special analysis, just find a high volume long term swing market, cover the grounds, work and stand it.


How do you know there is a "swing market"? if you don't mind me asking
t'raq mardon
Laminated Metals
#6 - 2014-12-08 14:41:36 UTC
HeXxploiT wrote:
http://stockcharts.com/school/doku.php?id=chart_school


I've, personally, never figured out how to do a support and resistance in an automated way (via python for example), and looking through the entire market is too hard :P good resource though, thanks for the reply
Sequester Risalo
Significant Others
#7 - 2014-12-09 15:34:40 UTC
Mostly I ignore the data and enjoy myself in blissful ignorance.
TheSmokingHertog
Julia's Interstellar Trade Emperium
#8 - 2014-12-09 23:24:47 UTC
t'raq mardon wrote:
TheSmokingHertog wrote:
No special analysis, just find a high volume long term swing market, cover the grounds, work and stand it.


How do you know there is a "swing market"? if you don't mind me asking


Look at the history graph set to 1 year, of a certain product, and then see what the movement is in the underlayer of the table (yellow bars) and how the market candles behave in contrast to this volumes, if the difference is high with a decent interval, go for it, if not, seek another market.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
Violett Lai
Balls Deep Inc.
#9 - 2014-12-10 00:05:41 UTC
Sequester Risalo wrote:
Mostly I ignore the data and enjoy myself in blissful ignorance.


I am pretty much doing the same. After trading the same items for a while you can tell a tendency in price and when to buy or sell.
TheSmokingHertog
Julia's Interstellar Trade Emperium
#10 - 2014-12-10 04:13:42 UTC
Violett Lai wrote:
Sequester Risalo wrote:
Mostly I ignore the data and enjoy myself in blissful ignorance.


I am pretty much doing the same. After trading the same items for a while you can tell a tendency in price and when to buy or sell.


This I do, after the first analysis.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-