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Station Trading w/ 50M?
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Valium Aideron
Valium's Personal Bank
#1 - 2016-06-29 18:35:02 UTC
So I thought I was doing well with items coming in and out of my hanger but it turns out I've only made a 3M profit, am I doing something wrong? Am I picking the wrong items?

Somebody?
TheSmokingHertog
Julia's Interstellar Trade Emperium
#2 - 2016-06-29 18:55:11 UTC
Valium Aideron wrote:
So I thought I was doing well with items coming in and out of my hanger but it turns out I've only made a 3M profit, am I doing something wrong? Am I picking the wrong items?

Somebody?


Start with bulk items, as someone who started station trading combined with some base hauling, I had just 50 mil to start with. NPC goods can be even worth it for fast turnover at the start.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
Dethmourne Silvermane
Fliet Pizza Delivery
Of Essence
#3 - 2016-06-29 19:23:40 UTC
3m over how much time?

Interested Party (TM)
Scotsman Howard
S0utherN Comfort
#4 - 2016-06-29 19:29:57 UTC
3M on 50 mil is 6% so that is not bad (depending on how long it took that is). Can you make more yes, but you are doing pretty well if just in Jita.
Valium Aideron
Valium's Personal Bank
#5 - 2016-06-29 19:53:31 UTC
TheSmokingHertog wrote:
Valium Aideron wrote:
So I thought I was doing well with items coming in and out of my hanger but it turns out I've only made a 3M profit, am I doing something wrong? Am I picking the wrong items?

Somebody?


Start with bulk items, as someone who started station trading combined with some base hauling, I had just 50 mil to start with. NPC goods can be even worth it for fast turnover at the start.


What do you mean by NPC goods?
Valium Aideron
Valium's Personal Bank
#6 - 2016-06-29 20:02:02 UTC
Dethmourne Silvermane wrote:
3m over how much time?


A day or two
Bumblefck
Kerensky Initiatives
#7 - 2016-06-29 20:03:35 UTC
I want pledge 20bn to exciting venture

Perfection is a dish best served like wasabi .

Bumble's Space Log
Karin Yang
Sebiestor Tribe
Minmatar Republic
#8 - 2016-06-29 22:07:23 UTC
ratting or plexing until you have 10b, then do the same thing with all your money.
TheSmokingHertog
Julia's Interstellar Trade Emperium
#9 - 2016-06-29 22:41:16 UTC
Valium Aideron wrote:
TheSmokingHertog wrote:
Valium Aideron wrote:
So I thought I was doing well with items coming in and out of my hanger but it turns out I've only made a 3M profit, am I doing something wrong? Am I picking the wrong items?

Somebody?


Start with bulk items, as someone who started station trading combined with some base hauling, I had just 50 mil to start with. NPC goods can be even worth it for fast turnover at the start.


What do you mean by NPC goods?


Livestock for example, and stuff in that category

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
Tiddle Jr
Brutor Tribe
Minmatar Republic
#10 - 2016-06-29 23:51:24 UTC
Bumblefck wrote:
I want pledge 20bn to exciting venture


please send me 20b now so i could start working on revenue

"The message is that there are known knowns. There are things we know that we know. There are known unknowns. That is to say there are things that we now know we don't know. But there are also unknown unknowns. There are things we don't know" - CCP
Cista2
EVE Museum
#11 - 2016-06-30 03:27:45 UTC
6% over 1 day is ok, over 2 days not too good with 50 mil.
Find items that have good volume but at least 40-50% profit. Check the list of crystals, missiles, T1 modules.

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Zad Murrard
Frozen Dawn Inc
Frozen Dawn Alliance
#12 - 2016-06-30 10:25:52 UTC
If I remember right when doing station trading had something like ~30b in sell & buy orders. The monthly income was something like 5-6b.

Thus if the same formula holds true for 50m you should not expect miracles.
Vaerah Vahrokha
Vahrokh Consulting
#13 - 2016-07-01 18:49:44 UTC
When I started, I mined (!!!!!) my first 50M then understood a thing or 5 about who makes money is not who works.

I brought my neat buttocks over to Amarr and made 1.2M in one month. I checked Jita too, but (again I am talking about 8 years ago), spreads in Jita were so thin that my low trained trading skills would put me at a disadvantage.

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Rhivre
TarNec
Invisible Exchequer
#14 - 2016-07-01 19:15:03 UTC
Valium Aideron wrote:
So I thought I was doing well with items coming in and out of my hanger but it turns out I've only made a 3M profit, am I doing something wrong? Am I picking the wrong items?

Somebody?



As a rule of thumb, I go for 10% margin on items, and make sure they are going roughly equally to both buy and sell.

Obligatory plug of "Trading 101" video here:

Trading 101 Sound starts 2 mins in because I am dumb and cant figure out how to use buttons.


With the new broker fee structure, its worth shifting to a citadel, especially if you have low broker relations skills.

Here is my reasoning for that:

minimum broker fee = 2% with 10/10 standing, so, 4% total + 1% sales tax

Broker fee with 0 standing or broker relations skill = 3%, so, 6% total + 2% sales tax if you dont have accounting trained.


By training visibility and daytrading to 2 (4 day train from new char, 0 implants or remap), and moving 1 jump out of jita, placing 1 jump range buy orders, then selling the item in jita:

0% broker fee on buy
3% broker fee on sell if you dont train broker relations (You SHOULD train this skill)
2% sales tax on sell if you have no accounting skill (you also should train it)

So, with 0 standing, 0 skill, you already match someone who has perfect skills and standing, just by sitting 1 jump out of jita.

When you have broker relations and accounting V:

0% broker fee on buy
2.5% broker on sell
1% sales tax on sell

so, 3.5% tax

If you are station trading, and have perfect skills, but 0 standing: 2.5% fee each way from broker + 1% sales tax = 6%

Obligatory other plug for a thing I wrote about offshore trading:

https://www.themittani.com/features/offshoring-tax-avoidance-comes-new-eden



It is absolutely possible to get good returns even with low capital.

As VV said, he had 50m, and earlier this year some of us did the 5k-1b challenge on new chars.

Of course, you dont get 1b returns in a day from 1m isk unless you get incredibly lucky, and if you are station trading, the new taxes are a PITA, but, with offshoring, you can avoid most of the increase.

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