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New Player looking to grow and learn
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Jordon Wallace
Doomheim
#1 - 2015-06-22 15:18:44 UTC
Hey everyone I am a new player and since the start I have been into the markets and really jumping in to learn and get better. I am currently sitting on around 400 million with 70 liquid and I am looking to learn more on how I can generate more profits without babysitting my orders 8 hours a day which I have been doing recently. I keep hearing of more seasoned traders pulling in hundreds of millions and even billions a day and I am determined to get on that level.

This is me reaching out to the seasoned traders here for some guidance and to put me on the right track, anything you can offer I would be grateful for. Programs, tips and tricks and the like are all welcome suggestions and maybe giving me some advice on getting started on inter-regional trading as that seems to be where the moneys at. I appreciate all your help.
GankYou
9B30FF Labs
#2 - 2015-06-22 15:34:26 UTC
More liquidity & bagholders are always welcome.

Welcome. Smile

...And they all crave one thing - ISK. ¤

[WTS] ME10 / TE20 BPOs from Battleships/Cruisers to Fighters, Carriers, Triage/Siege, XL modules & Cap Components
Erik Sokarad
Republic University
Minmatar Republic
#3 - 2015-06-22 16:42:33 UTC
make spreadsheets. look at mineral prices, and from there you can see at what prices ore should sell, and how much most items cost to produce. ammunition and scripts are some of the first items you should spreadsheet to find the manufacturing cost of.

when hauling, look at the ratio of buffer tank to cost of cargo. if half the cargo is worth more than the ships it would take to gank your hauler, then you will be at higher risk.
KUMAR OK
Perkone
Caldari State
#4 - 2015-06-23 19:31:22 UTC
If you are station trading I would say keep finding more items to trade in, I was doing about 40-50 items at once before but now work with up to 100 items at a time. My most profit on a single day was somewhere around 270m. Eve-mogul can be very useful to look at the profit you make on certain items to have a better understanding if it is actually been a waste of time updating orders for that item. I would say get a subscription for a month, it'll be very useful.

Personally I am not continuing with Eve-Mogul, but as I said you do have a lot you can take away from it when considering new items in the future.
Mythen
Federal Navy Academy
Gallente Federation
#5 - 2015-06-24 02:04:14 UTC
KUMAR OK wrote:
If you are station trading I would say keep finding more items to trade in, I was doing about 40-50 items at once before but now work with up to 100 items at a time. My most profit on a single day was somewhere around 270m. Eve-mogul can be very useful to look at the profit you make on certain items to have a better understanding if it is actually been a waste of time updating orders for that item. I would say get a subscription for a month, it'll be very useful.

Personally I am not continuing with Eve-Mogul, but as I said you do have a lot you can take away from it when considering new items in the future.


How the hell to you keep up with updating those prices?!
Do Little
Bluenose Trading
#6 - 2015-06-26 16:20:42 UTC
Prices in Eve are cyclical and items will trade in a predictable range unless the developers have made a change that temporarily upsets the supply/demand balance for the product. Once you understand the cycle, you can buy near the bottom and relist near the middle. You will make a decent profit in a reasonable period of time with no need to micro-manage your price.

People will play the .01 game until the price falls below cost but it can't stay there forever. People will stop listing new product, the under priced stock will dry up and the price will snap back - often dramatically.

Precisely when is not predictable and it may take a while for your product to sell but patience will pay off.