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Newbie looking to get into station trading
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Thomas Cromwell
Doomheim
#1 - 2015-08-02 11:45:43 UTC
I'm a new player looking to get into station trading.

I've got 100m capital to begin with and see how things go. I'm currently stationed in Jita. I only really update my orders 3 times a day. Is Jita still viable using this method? Or should I consider moving to Amarr or Dodixie? I really don't want to get into the "updating my orders every 5 minutes for 6 hours every day" sort of market pvp.

Are there any other tips you guys can offer?

Thanks.
Charlie Drake
Perkone
Caldari State
#2 - 2015-08-02 12:02:23 UTC
There are slower moving items in jita with good margins if you look for them, but overall you will be way better off with passive trading in the other hubs, much better margins but come at the cost of a much slower market.
Thomas Cromwell
Doomheim
#3 - 2015-08-02 12:07:09 UTC
Charlie Drake wrote:
There are slower moving items in jita with good margins if you look for them, but overall you will be way better off with passive trading in the other hubs, much better margins but come at the cost of a much slower market.


By much slower what are we talking? A week or two for one trade to be completed?
Would Amarr also be too competitive to do more passive trading?
Charlie Drake
Perkone
Caldari State
#4 - 2015-08-02 12:16:35 UTC
Thomas Cromwell wrote:
Charlie Drake wrote:
There are slower moving items in jita with good margins if you look for them, but overall you will be way better off with passive trading in the other hubs, much better margins but come at the cost of a much slower market.


By much slower what are we talking? A week or two for one trade to be completed?
Would Amarr also be too competitive to do more passive trading?


Use the market data to see how items move, under price history as "list" you can see how many trades and how many units are traded per day, and under market data you should look for the "expires in" to see how many people are active in updating their orders.

items move in all the tradehubs but in much lower volume, thats what I mean with slower.

I haven't trader in Amarr so I couldn't tell you, but afaik it is the second most active hub with about half of the normal population of jita.
Sabriz Adoudel
Move along there is nothing here
#5 - 2015-08-02 13:01:36 UTC
Charlie Drake wrote:
Thomas Cromwell wrote:
Charlie Drake wrote:
There are slower moving items in jita with good margins if you look for them, but overall you will be way better off with passive trading in the other hubs, much better margins but come at the cost of a much slower market.


By much slower what are we talking? A week or two for one trade to be completed?
Would Amarr also be too competitive to do more passive trading?


Use the market data to see how items move, under price history as "list" you can see how many trades and how many units are traded per day, and under market data you should look for the "expires in" to see how many people are active in updating their orders.

items move in all the tradehubs but in much lower volume, thats what I mean with slower.

I haven't trader in Amarr so I couldn't tell you, but afaik it is the second most active hub with about half of the normal population of jita.


On hub size:

Jita has about 26 trillion ISK worth of sell orders listed.

Amarr 8T, Dodi 4.4T, Rens 3.25T, Hek 2.75T.

At time of writing this post no other system in highsec has even 1T on the market (although Oursulaert often does hit 0.8 or even 1T).

Source: http://eve-marketdata.com/station.php?step=Rank

I support the New Order and CODE. alliance. www.minerbumping.com
Thomas Cromwell
Doomheim
#6 - 2015-08-02 16:33:15 UTC
So if I wanted to do more laidback trading where I only update my orders 3/4 times a day, which station would you recommend?
voetius
Grundrisse
#7 - 2015-08-02 17:06:44 UTC

There isn't really any right answer to that question but if you want to move from Jita, I would suggest Amarr or Dodixie.

When I started my dedicate trader a bit over 6 years ago, that character was based in Jita, but I also used the fact that Jita is close to several regions to do a bit of region trading for Meta 4 items (meta item market has changed a lot in that time). E.g. the next door systems Sobaseki > Lonetrek, Muv > Citadel, and Perimeter > Iyen-Outsta, Sinq Laison. If you go to Dodixie you are 1 - 2 jumps from Essence, Evershore and Genesis. So you can do some inter-regional arbitrage.

I liked Jita because: volume, close to region boundaries (see above), I could run Caldari Navy level 3 missions in my lowbie Drake and get my faction and corp standing up to reduce taxes, as I was intending to make it a long term thing. So I could run missions for standings and update orders at the same time, sometimes even browse contracts while doing all at the same time.

That character started with about 100 mill. as well so in a similar position to you.

I would concentrate on learning trading and try different styles to see what you like best.
Darion Maken
Deep Core Mining Inc.
Caldari State
#8 - 2015-08-03 13:15:54 UTC
voetius wrote:

I would concentrate on learning trading and try different styles to see what you like best.


^
|

The right answer in my opinion. Trading is as easy or complicated as you want to make it. Some of us use considerable software, spreadsheets, etc to identify and execute on market opportunities. If you want a laid back style with a few updates a day, there are lots of opportunities out there. One decision you should make in the not so distant future is whether you want to trade in one station or have a set of stations in your group to exploit price differences between them. Multiple trading characters make this strategy easy but it can be done with just one.

Darion
goodlady Smith
TheCrazy88s
#9 - 2015-08-03 21:23:49 UTC
Thomas Cromwell wrote:
So if I wanted to do more laidback trading where I only update my orders 3/4 times a day, which station would you recommend?


It depends on the items you’re trading, you can find items in Jita that will need less updating.
Look at the number of orders for the items and the amount sold each day.
High volumes of turn over normally indicate faster updates to orders.
You can also use the weekly/monthly trends to see when people dump on the market and pick up stuff cheap and then just let it sell later in the week / month as the price picks back up.
Use the market graphs to get an indication - make sure it’s a longer term trend.
An example might be some of the offensive modules for the T3s a number have a sharp price rise over the weekends.


Trade hard =D Shocked

Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles
Tomb Ovaert
9B30FF Labs
#10 - 2015-08-04 09:38:04 UTC
I'd recommend playing the spread between Jita-Dodixie or Jita-Amarr markets, though you will need your own transport.

However, the fees for courier contracts between market hubs shouldn't be restrictive to your venture - in the future at least, as the reward for one haul can match a tenth of your current capital available.