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Station Trading: I don't get it
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Xotcl Gaterau
Center for Advanced Studies
Gallente Federation
#21 - 2015-12-30 14:11:23 UTC
J'Poll wrote:
Xotcl Gaterau wrote:
J'Poll wrote:
Not quite as you say.


As an example:


Lowest current sell order is at 5.000.000 ISK. People will buy from this order, cause who will pay more for it.
Highest current buy order is at 2.000.000 ISK. People will sell to that order, cause who will take less money for their item.


Now, as a trader, you want to start buying up that item for say: 2.100.000 ISK and resell it in station for 4.900.000 ISK.
So, basically, you want to jump into the gap that is between best buy and best sell order, but be aware that margins can be small and also take a lot of other things other then raw ISK into consideration.



But this is what i don't understand.

How can i buy the item for 2100 if the lowest sell order is 5000?

Where am i getting the item for 2100?

If i have to travel to another station to get it, that's not station trading, right?

Thsnks.



You have two options on the market:


Buy from sell orders, which means you pay what the other wants you to pay.
Or buy using buy orders.

The first means you will pay more but get the item straight away. This option the seller is 'advertizing' his good on the market.
The second means you will pay less but have to wait till someone with the item comes along and finds your offer for said item good enough. The buyer is 'advertizing'



But, this is all basic Marketing 101 here, read up on it.


Ok. Now I think I understand.

In Station Trading you obtain the items to sell from buy orders you place, not from fulfilling sell orders placed by others. You then make your ISK by placing your own sell orders of the items you obtained via your buy orders.

Do I have that right now?
Ertur Adestur
Hek Xplo Ltd
#22 - 2015-12-30 14:38:16 UTC
Xotcl Gaterau wrote:

Ok. Now I think I understand.

In Station Trading you obtain the items to sell from buy orders you place, not from fulfilling sell orders placed by others. You then make your ISK by placing your own sell orders of the items you obtained via your buy orders.

Do I have that right now?


Exactly this.
Omnarius Ziltoid
Garoun Investment Bank
Gallente Federation
#23 - 2015-12-31 02:57:26 UTC
Thanks for the opinions .01 isking.
Johnny Riko
The Scope
Gallente Federation
#24 - 2015-12-31 05:01:18 UTC  |  Edited by: Johnny Riko
Omnarius Ziltoid wrote:
Thanks for the opinions .01 isking.



Depends what you mean by 0.01 isking. Many players are stubborn and will continue to 0.01isk your orders, even if you cut the margin by a huge amount, and leave themselves at a loss, just in the hope that it makes you quit on that item.

In that sense, cutting by more than 0.01 isk achieves nothing. Better to log in once a day and update your orders. You have to be patient with station trading. Eventually your orders will fill if the item is good enough.

Edit:
High volume items are more competitive for 0.01 isk pvp. Instead look for lower volume / higher margin items. You can see how competitive an item is by checking how many people have updated their orders in the last 6-12 hours.

I wanna join up. I think I got what it takes to be a Citizen.
Iria Ahrens
Space Perverts and Forum Pirates
#25 - 2015-12-31 06:37:52 UTC
Highly competitive products are overrated. Overall, I try not to compete with other players at all. How do I do this? Look for items with no buy orders. Then do homework for each item.

I've about 270 orders. Somehow I never trained up Tycoon V. The great majority of those are bids on items no one else is bidding on. As I increase my wallet, I'll increase the bids, because right now they are a bit low, and the intent is always to encourage people to sell. So generally, it is better to have bids high enough to encourage selling rather than trashing items. When the bids are high enough, people would rather sell for quick isk, than ferry the goods to jita. That is where I make my isk.

My choice of pronouns is based on your avatar. Even if I know what is behind the avatar.
Lulu Lunette
Savage Moon Society
#26 - 2015-12-31 23:49:56 UTC
I got a BPC a while ago that was 50 runs of a Cynosural Field Generator and I put them up for sale for what I had in them to produce + like 10% or something like that. I didn't even look at what the other orders were at.

2 months later all of a sudden my wallet wouldn't stop flashing because they were suddenly the cheapest Cynosural Field Generators. Was neat to see. I totally forgot about them lol

@lunettelulu7
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