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Is Jita better or worse for trade?

Author
Nikolai Ouroboure
Sebiestor Tribe
Minmatar Republic
#1 - 2014-12-21 22:40:43 UTC
I've been around for awhile, and made this character a year ago for the sole purpose of trading, made a good profit, quit for awhile, and recently got back into the game.


So far I've actually upped my wallet from a starting amount of 100 mil to currently 1.3 bil, but I'm getting tired of the constant penny games in the Jita market, and am considering moving to a smallar market.

Which do you think is better? Jita, or smaller markets?

I'm not asking for specific locations, only whether or not you think a smaller market would mean higher profit in the end.
Tesal
#2 - 2014-12-21 22:54:25 UTC
Find the low spot in the trade cycle and put up some orders near that low level (not the lowest level, but near it). When they fill, sell them near the top of the trade cycle. Most people don't do that and suffer through .01isk trade wars. That is what I do in Jita. I log in once or twice a month and update my orders/skills/Plex my account. You need the "margin" trade skill to level 4 to really make things work well.

Daniel Plain
Doomheim
#3 - 2014-12-21 22:55:58 UTC
don't play the .01ISK game. problem solved.

I should buy an Ishtar.

TheSmokingHertog
Julia's Interstellar Trade Emperium
#4 - 2014-12-22 00:45:09 UTC
Daniel Plain wrote:
don't play the .01ISK game. problem solved.


This

"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 =-

Nikolai Ouroboure
Sebiestor Tribe
Minmatar Republic
#5 - 2014-12-22 00:52:39 UTC
Daniel Plain wrote:
don't play the .01ISK game. problem solved.

I'm probably just ignorant, but I don't really see how to avoid that on good margin items...
TheSmokingHertog
Julia's Interstellar Trade Emperium
#6 - 2014-12-22 01:22:05 UTC
Nikolai Ouroboure wrote:
Daniel Plain wrote:
don't play the .01ISK game. problem solved.

I'm probably just ignorant, but I don't really see how to avoid that on good margin items...


So adjust your target margin.

"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 =-

Sabriz Adoudel
Move along there is nothing here
#7 - 2014-12-22 01:37:05 UTC
I prefer Dodixie, because I have more knowledge of the region's supply and demand than I have in Jita. I also get much better broker fees there.

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

Aldur Saken
Doomheim
#8 - 2014-12-22 08:36:50 UTC
I have never liked Jita, too crowded and full of 0.1 isk fanboi's. You can't however deny the sheer amount of trade that flows through the place. Its the eve online equivalent of LOTR Erebor.
Rumbaldi
Tannhauser C-Beam
#9 - 2014-12-22 16:18:43 UTC
I think if you stay in Jita then you will just have to play the 0.01 game, there just doesn't seem to be any way of escaping it. However I think if you are prepared to play that game then you sell your items in a shorter amount of time than other places.

I am sure there are 0.01 games at the other hubs too just maybe not so bad, but items will move more slowly.
Angelica Everstar
#10 - 2014-12-22 16:55:16 UTC
If you are doing 0.01 ISK - you are not doing it smart Cool

§ Current Bond AE09 1 Trillion / Acc. 4,5t ISK

ƒ Want to become a better trader ?

¢ Pls help support EVEs charities!

@EveEntrepreneur

Barakach
Caldari Provisions
Caldari State
#11 - 2014-12-23 17:37:14 UTC
Many of my buy orders takes hours, days, weeks, or months to fill. Some items have large cyclic swings, and I'll place buy orders to capture those down swings, then place sell orders to capture those up swings. It could be a long time between.

If you're looking for someone more face paced, try to find something that trade in high volume. Margins are smaller, but you typically only need to wait hours/days instead of days/weeks.
Ioci
Bad Girl Posse
Somethin Awfull Forums
#12 - 2014-12-24 21:18:00 UTC
I remember one time I sat in a region for 6 weeks and checked Providence freighter prices by right clicking my ship. None were for sale the entire 6 weeks. I packed my Provi up, put up a sell order 1 mill below Jita and within ten minutes someone put a Provi freighter up for sale in that region cheaper than mine. Six weeks no activity, ten minutes after the order went up, boom I was undercut.

Point of the story? There is no remote in EVE. As soon as you interact with the market it's on a website somewhere and some is there to mess with you.

R.I.P. Vile Rat

Alexi Stokov
State War Academy
Caldari State
#13 - 2014-12-24 22:03:32 UTC
Ioci wrote:
I remember one time I sat in a region for 6 weeks and checked Providence freighter prices by right clicking my ship. None were for sale the entire 6 weeks. I packed my Provi up, put up a sell order 1 mill below Jita and within ten minutes someone put a Provi freighter up for sale in that region cheaper than mine. Six weeks no activity, ten minutes after the order went up, boom I was undercut.

Point of the story? There is no remote in EVE. As soon as you interact with the market it's on a website somewhere and some is there to mess with you.



How long did it take you to sell it?
Ioci
Bad Girl Posse
Somethin Awfull Forums
#14 - 2014-12-24 22:36:54 UTC
Alexi Stokov wrote:
Ioci wrote:
I remember one time I sat in a region for 6 weeks and checked Providence freighter prices by right clicking my ship. None were for sale the entire 6 weeks. I packed my Provi up, put up a sell order 1 mill below Jita and within ten minutes someone put a Provi freighter up for sale in that region cheaper than mine. Six weeks no activity, ten minutes after the order went up, boom I was undercut.

Point of the story? There is no remote in EVE. As soon as you interact with the market it's on a website somewhere and some is there to mess with you.



How long did it take you to sell it?


I didn't bother playing the game. I pulled the order, flew it to Jita and sold it from the buy orders. I had owned it for a very long time, paid less than 700 mill for it and sold it when they were going for just under 2 billion so I had a no lose scenario.

EVE is an 11 years old game that thrives on meta. Markets are not that dynamic by region. Much like my freighter, all my ISK has been made by having something for extended periods of time and they either reinvent through development to be worth much more or much less. The only time I got lucky by region was when they nerfed Pax Amarr reproc. Nocxium went up 400% and I got billions in mining crystals from slow regions but even that was less to do with regional and more to do with me knowing crystals had huge amounts of Nocxium in them.

R.I.P. Vile Rat

Aineko Macx
#15 - 2014-12-28 18:01:30 UTC
Nikolai Ouroboure wrote:
Which do you think is better? Jita, or smaller markets?

What is more important to you, margin or volume?
TheSmokingHertog
Julia's Interstellar Trade Emperium
#16 - 2014-12-29 02:35:57 UTC
Aineko Macx wrote:
Nikolai Ouroboure wrote:
Which do you think is better? Jita, or smaller markets?

What is more important to you, margin or volume?


I see what you did there ;).

"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 =-

SJ Astralana
Syncore
#17 - 2014-12-30 03:04:48 UTC
Aineko Macx wrote:
Nikolai Ouroboure wrote:
Which do you think is better? Jita, or smaller markets?

What is more important to you, margin or volume?


Obviously it's margin * volume. I've written a data mining report for T1 production, and after a lot of correlation analysis, I found that factoring in inventory doesn't impact profits. Surprised I was. I've also run this report against the main hubs and it looks pretty much the same across all of them, which simply tells me that efficiency squeezes everyone the same.

There's no reason why the same factors in production can't work equally in trade, in that you have overcut and undercut strategies, inventory, logistics, and opportunity cost comparisons. And I know for a fact that Dodixie, Amarr and Jita are essentially identical in profitability, .01 isking definitely not required.

Hyperdrive your production business: Eve Production Manager

Sardis Charante
Nanogem
#18 - 2015-01-01 11:19:21 UTC
Jita is not better or worse than any other trade Hub. However, Jita is the place to shop if you need a large selection of items, because a majority of Eve Gamers sell their goods in Jita.
Otto3d
Meteor Industrial Complex
Hardly Competent
#19 - 2015-01-02 16:14:13 UTC
Put your target price in (compare it with averages if you would like) and let it sit there for a long period of time. This would require patience, but the market fluctuates up and down just like the Stock Market. You will either a.) Sold your goods at your target price or b.) Did not sold your goods and will have to lower your price to meet the demand.

The only thing you need to have is patience. Or you can sell it under price if you would like it to be sold quicker.

EVElopedia < add this to your sig to show u WANT it back

Rain6637
Simulacra and Simulation
Goonswarm Federation
#20 - 2015-01-02 23:21:43 UTC
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