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Next step in station trading career?

Author
Cyprus Okaski
Okaski Imports
#1 - 2014-12-15 21:19:53 UTC
Hey everybody!

So I've just started station trading and I made about a 10% return on about 10 hours of 0.01 isking with a starting capital of 1 billion. While this is fine and dandy, I'm always looking at how to expand things. I'm curious as to where to go next. I currently dabble in the T2 module market, spread out across about 20 items. How should I expand? Should I broaden my choice in goods sticking to T2 modules but just trade with more of them? Or should I change to some slower moving, higher margin goods like ships?
Alexi Stokov
State War Academy
Caldari State
#2 - 2014-12-16 02:32:12 UTC
So you are looking for someone to explain to you how to make big/bigger ISK returns? Why would you think people in the market forum would give you tips so that you can now compete with them?
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#3 - 2014-12-16 02:42:03 UTC
keep doing what u are doing, its better when u have more isk to throw into more markets

trade what you know, 10% profit is good, coz its not a loss.

@JerryTPepridge

Sabriz Adoudel
Move along there is nothing here
#4 - 2014-12-16 03:42:00 UTC
Try metalevel 4 modules next. They generally are created (i.e. looted) by less market savvy people than the ones that create most tech 2 modules.

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

Caimi Nulang
The Blue Lobster Project
#5 - 2014-12-16 19:25:35 UTC  |  Edited by: Caimi Nulang
You just have to try different things. I wish it was as easy as just telling someone what to do but it really depends on the person. Different items behave differently and it's really up to you to find out what you like. I completely switched my items about 4 times and ended up with about 150 bread and butter items. It's a challenge like most everything else in this game. I personally liked expensive items that didn't move that often and I avoided Jita.
Sabriz Adoudel
Move along there is nothing here
#6 - 2014-12-16 22:03:10 UTC
Sabriz Adoudel wrote:
Try metalevel 4 modules next. They generally are created (i.e. looted) by less market savvy people than the ones that create most tech 2 modules.



Oh and if you followed this advice, I hope you weren't the fool that lost a 10.5 billion ISK freighter full of metalevel 4 modules near Niarja last night.

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

voetius
Grundrisse
#7 - 2014-12-16 22:31:02 UTC

I would stick to what you know and just spread out gradually trying different items, especially ones that way off your radar as it's easy to stay in your comfort zone (but keep your investment low in markets you don't know).

While there are still meta 4 modules that are worth looking at they tend to be the FOTM ones and the glory days of meta 3 and 4 module trading are over due to the progressive effects of Noctis and MTU and salvaging services.
Sabriz Adoudel
Move along there is nothing here
#8 - 2014-12-16 22:33:22 UTC  |  Edited by: Sabriz Adoudel
voetius wrote:

I would stick to what you know and just spread out gradually trying different items, especially ones that way off your radar as it's easy to stay in your comfort zone (but keep your investment low in markets you don't know).

While there are still meta 4 modules that are worth looking at they tend to be the FOTM ones and the glory days of meta 3 and 4 module trading are over due to the progressive effects of Noctis and MTU and salvaging services.



I recommend meta 4 mods as the OP is capital constrained, and they are quite good in that situation (although only ones with real demand). Deadspace modules would be the logical next step after that, but they are a dicey market at the moment due to supply having increased.

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

Makhpella
Bad Taste.
#9 - 2014-12-17 02:55:31 UTC
Dont listen to Sabriz Adoudel, he doesnt understand the market. Or he talks crap bc we dont need more competition.
Niskin
The Dead Parrot Shoppe Inc.
The Chicken Coop
#10 - 2014-12-17 15:39:23 UTC
Oh god, you're making me say something nice about Sabriz...

Seriously though, I hate suicide gankers with the fire of a thousand suns, but Sabriz does give good advice here on the forums.

It's Dark In Here - The Lonely Wormhole Blog

Remember kiddies: the best ship in Eve is Friendship.

-MooMooDachshundCow

Jerry T Pepridge
Meta Game Analysis and Investment INC.
#11 - 2014-12-17 15:59:18 UTC  |  Edited by: Jerry T Pepridge
Niskin wrote:
Oh god, you're making me say something nice about Sabriz...

Seriously though, I hate suicide gankers with the fire of a thousand suns, but Sabriz does give good advice here on the forums.


not in this one, guy obvs only posting here to increase exposure for CSM campaign, good thing CSM is meaningless, and all the crap these idiot in game politcians do is just a waste of there own time Lol

on topic OP, how goes trading now?

weekday buy, weekend sell = winner winner chicken dinner, dont be scared if the margins close a little during the week!

@JerryTPepridge

Sabriz Adoudel
Move along there is nothing here
#12 - 2014-12-18 06:27:01 UTC
I posted here long before considering running for CSM, as anyone with the intellect required to use the forum search feature would be able to discern. Despite his attitude, however, Jerry's last point is useful more often than not.


OP - What other areas of the game do you know more than average about? If, for instance, you are coming to trading from having been in Caldari Faction Warfare, you would know a lot more than me about what ships Caldari FW people like to use, where they want to buy them, and how they like to fit them - this will help you find a unique trading niche.

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

Nightingale Actault
Borderland Dynamics
#13 - 2014-12-18 07:29:31 UTC  |  Edited by: Nightingale Actault
Sabriz Adoudel wrote:
I posted here long before considering running for CSM, as anyone with the intellect required to use the forum search feature would be able to discern. Despite his attitude, however, Jerry's last point is useful more often than not.


"2014-11-24 23:55:03 UTC" Is your initial post for your CSM campaign, so I call your lie on the first. Just as Jerry's is speculation on his part as well. As is politics, I don't mean to partake, but do notice errors and stupidly always speak my opinion.

Edit2: Upon second thought, you were probably referring to in general posting, and not on this particular topic, my apologies.

As for both Sabriz and Jerry's last points though, I do agree, they are good ideas to be thought on.

Edit: To OP, if you've found something that you can do profitably, consider whether it is better to expand on what you already know than expanding to other areas. Sometimes scaling your existing operations can lead to more profits than fighting against what others are already doing.
Wyke Mossari
Staner Industries
#14 - 2014-12-18 21:22:27 UTC
Sabriz Adoudel wrote:


I recommend meta 4 mods as the OP is capital constrained, and they are quite good in that situation (although only ones with real demand). Deadspace modules would be the logical next step after that, but they are a dicey market at the moment due to supply having increased.


No. This is really bad advice, the value of meta 4 item is about to be greatly diluted by module tiericide.
RAW23
#15 - 2014-12-18 21:25:00 UTC
Wyke Mossari wrote:
Sabriz Adoudel wrote:


I recommend meta 4 mods as the OP is capital constrained, and they are quite good in that situation (although only ones with real demand). Deadspace modules would be the logical next step after that, but they are a dicey market at the moment due to supply having increased.


No. This is really bad advice, the value of meta 4 item is about to be greatly diluted by module tiericide.


As long as you don't hold more than a handful of units overnight the long term prospects of a market segment aren't too relevant. All that really matters are the margin today and the prospective margin tomorrow. It's only if you are buying and holding medium to long term that considerations like this come into play.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Sabriz Adoudel
Move along there is nothing here
#16 - 2014-12-18 23:45:46 UTC
RAW23 wrote:
Wyke Mossari wrote:
Sabriz Adoudel wrote:


I recommend meta 4 mods as the OP is capital constrained, and they are quite good in that situation (although only ones with real demand). Deadspace modules would be the logical next step after that, but they are a dicey market at the moment due to supply having increased.


No. This is really bad advice, the value of meta 4 item is about to be greatly diluted by module tiericide.


As long as you don't hold more than a handful of units overnight the long term prospects of a market segment aren't too relevant. All that really matters are the margin today and the prospective margin tomorrow. It's only if you are buying and holding medium to long term that considerations like this come into play.



This. Trading is all about turnover, and a slow trend downward in value doesn't hurt you unless your buy orders are very large.

Someone with 2b in trading capital might look to put up a regionwide buy order on meta 4 scrams that exposes them to 250m in risk, then courier contract all of the hauling of them to hubs (paying a pittance), then sell them in the hubs. If the item goes down 1% per week, the worst your exposure to the Tiericide price fall is is a couple million per week.

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

Koniforous
Tauren Transit
#17 - 2014-12-19 03:00:10 UTC
Tear Jar
New Order Logistics
CODE.
#18 - 2014-12-19 20:09:55 UTC
Wyke Mossari wrote:
Sabriz Adoudel wrote:


I recommend meta 4 mods as the OP is capital constrained, and they are quite good in that situation (although only ones with real demand). Deadspace modules would be the logical next step after that, but they are a dicey market at the moment due to supply having increased.


No. This is really bad advice, the value of meta 4 item is about to be greatly diluted by module tiericide.


if you are holding onto objects for weeks at a time you are doing trading wrong. Thats speculation.