Market Discussions

Hello,
If you guys/ girls could take the time to answer some questions by a newbie trader that would be awesome:
1st should I trade with my main character, I only have one and use it to PvP in null or should I train another character?
2nd will 5bill be enough starting capital? How much isk profit should I make if we suppose 1 hour activity daily?
3rd will trading skills up to 4 be enough? I'm looking at max one hour trading per day
4th if I go with another character, should I have it in the same account to economize isk?
5th what trade hub will be the most newb friendly?
Pls advise on what to do? My only experience till now was selling/ buying directly from the market and I d love to discover another aspect of the game. I might be asking too many questions, but any answers will be greatly appreciated

1. You 'could' use your main if you train up the skills to allow you to clone jump every 20 hours, assuming you play for a limited time approx 20 hours apart, but you would be better off second character training for a month. You could probably get yourself both a market and cycno alt in 4 weeks (assuming cyno's matter).

2. Yes heaps. Depends on what you buy.

3. Yes, depending on what your doing you don't need contracts etc

4. Yes/no, you have 3 character spots.... more at the end

5. None, the same traps exist in all the markets.

Pls advise on what to do? My only experience till now was selling/ buying directly from the market and I d love to discover another aspect of the game. I might be asking too many questions, but any answers will be greatly appreciated

If your in Null and like it down there - why not set up a hub, start with what your corp needs and supply from your station. Then look at the wider alliance.

Offer to sort new ships ahead of doctrine changes - tap into the corp/alliance hauling service.
Bring down ships fitted on request and make a modest amount for the logistics.

Grow to support the local economy / alliance.

If your in Thea you should be able to get relatively close access to Jita most of the time* and with skills (MARKETING) you can manage your orders at range so the second character is probably not required.

If your completely fresh to the market (and I guess 5B is most of your ISK) I suggest you do 1B for a month and write down your leanings and then commit to a higher amount as you get familiar.

As a side note apparently there has been a migration of null sec pvpers to Thea to take advantage of the constant null connections, also bombers bar and wingspan groups work out there so there is a local market - though hauling just became more 'interesting'.

*there is a scout group that maintain a map - links are off bombers bar website or directly at: http://www.eve-scout.com/
Bombers bar also has their current fits available via mailing list so... I really should take advantage of that

im a really new trader, only like 300k sp, make about 50-70mil a day and my starting capital was 1bil (i trade about an hour or 2 a day), i dont know if thats good or not but 5bil sounds like a good starting amount to make lots more

Any starting advices?

At a high level there is two approaches:

1. buy low and sell high, this is easy, select items with a high market volume and reasonable profit - and ensure that the tax doesn't wipe out your profit. Hub trading is an extension of this. Trick with this is to observe trends within the items your trading.*

2. adjust the market (manipulate), this normally takes more isk but is higher profit.

If your interested in 2, maybe ask Sabriz Adoudel for 30min to run you through the decriptor market work in progress, how it came about and the influencing factors in the market that lead to the decision to manipulate the price.

I would suggest you: start with 1 and see if you can start seeing patterns and if possible get a sit down with Sabriz Adoudel to start understand 2.

* this is why people are suggesting start low and work it out, the cycle in the market is what tends to kill new traders as they buy at the wrong moment and then the market vanishes, instead of waiting for a recovery they freak out and panic sell - this makes the person driving the cycle more isk.

Station trading in Thera might be worth considering. You may set up some buy orders for common pvp loot and sell the stuff you buy locally. I don't know if the amount of loot available is large enough for reasonable station trading.

Most Items tend to go up and down on a (fairly) regular cycle - to maximize profits you can buy at what you guess to be the bottom of a cycle and then sell near the top - though this takes practice.

Plex has (had last I looked) a fairly regular weekly cycle and an upwards trend*
This give you the option to try and sell within the week or hold till you reach your required profits.

There are also products with very low swings where you can buy and sell without worrying too much about the ups and downs (don't fall asleep at the wheel)

There are also some stocks with a downward trend - these can be expensive.
If you look at only today's prices there is always a profit to be made but the units your trying to sell from yesterday or earlier may have had their profit evaporate and you end up selling items for less then you bought them for.

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Sabriz Adoudel - I was more suggesting that Gladrielle seek some time with someone that actively engages in the market space to get a feel for understanding the drivers in game that will have a flow on into the market.

Note: I suggest you don't play in the plex market until your experienced, there are two types of plex players those that know what they are doing and those that think they know what they are doing and will be donating to the first group shortly.

TBH the decryptor market knowledge I have comes from building T2 stuff, both for my alliance and for personal profit.

I know a *lot* about invention, probably more than 99% of players. I don't know much about the supply side, but I did a small amount of exploration to learn more once I realised I didn't know anything about it.

That's why I could recognise decryptor demand at given prices was lower than it should be and started slowly stockpiling them. Then when a bunch of my extremely speculative sell orders got bought up, I immediately thought "someone else has come to the same conclusion as me. Do I sell my stock to them at 180-200% of purchase price or try to push it higher?"

I decide to cause a price shock and try to move my stock at 225-250% of purchase price, confident that if it doesn't sell now it will later. I've sold about 20% of what I had and am fine holding the rest.

The key here that the OP can learn is that *I knew more than 99% of the playerbase about something in game* and used that to find a market I could be a major player in. Your niche may be something totally different - maybe you know everything there is to know about Bhaalgorns - you might have connections with individuals in the alliances that hold sov over the ratting space where Bhaalgorn BPCs drop, and you might have wormhole experience and know which wormhole entities use Bhaalgorns and where they want them. Then you use that information to profit.

So you are the one responsible for making my inventions more expensive! You will pay for this. Tomorrow at noon, I will launch a fedo into space outside the Amarr trading station. Strapped to its back will be one of the few optimized augmentation decryptors I have been able to procure lately (thanks to you). I will then whisper your name in its ear as I detonate it using an array of smartbombs. And it will be all your fault. You fooled yourself thinking your market manipulations would have no consequences.