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New station trader with 1b starting capital

Author
Minervah Ahishatsu
Science and Trade Institute
Caldari State
#1 - 2016-04-13 23:28:12 UTC
Hi o7

I decided to give station trading a try, made this alt 5 days ago, and sent it 1b to start off with. I'll be training Margin Trading within the next 24 hours, and that seems like a really neat skill!

I've usually got 35-45 orders up, and take 10-15 min 3-4 times a day to update.

I've been calculating my total profits by adding Sell Orders Total + Buy Orders Total + Liquid Isk + Estimated price of items in hangar using Evepraisal. My most recent check had me at 1.359b. Is that the correct way to calculate my toon's net worth? Is this the expected amount of isk I should be making given the time I've invested?

Any other tips would greatly appreciated !
Cista2
EVE Museum
#2 - 2016-04-14 04:50:24 UTC
Seems like you are doing extremely well :)

Once the margin trading starts, be sure to count only the money actually invested when you sum up your worth.

My channel: "Signatures" -

Amy Inhibenson
Living Off The Land
Intaki-Business Logistics Union
#3 - 2016-04-18 07:25:27 UTC
People have different ways of measuring their value. A conservative way is to value items at what you can currently get for them, i.e. selling to current Buy orders.

The problem with counting your Sell Orders as value is that they inevitably drop as people undercut you, and possibly even smash the value of that good. I find this particularly harmful psychologically, so I look at it not like a loss of ISK, but a loss of potential ISK that simply wasn't realised. Tilt is your greatest enemy.


But if you're lazy and not running a very large, widespread operation with stakeholders, it doesn't really matter. Add your inventory estimate, wallet, buy and sell orders (but only the amount in escrow for buy orders, once you have the Margin Trading skill).