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So... What's with water?
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Bumblefck
Kerensky Initiatives
#21 - 2016-07-04 17:01:46 UTC
Can we persuade you to stop using :rolleyes: and start using paragraphs instead, please?


TYIA

Perfection is a dish best served like wasabi .

Bumble's Space Log
Razor Wong
Oceanic Trade and Transport
#22 - 2016-07-04 18:48:56 UTC
Bumblefck wrote:
Can we persuade you to stop using :rolleyes: and start using paragraphs instead, please?


TYIA



Aww gee, you took comp too, huh? Dandy. Any interest in the content of my previous post?
You seem distracted...
Elizabeth Norn
Nornir Research
Nornir Empire
#23 - 2016-07-04 20:24:25 UTC  |  Edited by: Elizabeth Norn
Razor Wong wrote:
Roll

When I hear folks say they have no interest in some cheap abundant low-cost commodity, that's a strong indication they've never really explored trade for profit. If you're going to trade anything for profit, the last thing you desire is high value and large mass per unit. Instead, you look for a low-cost readily available commodity with LOW mass per unit that is in constant demand for manufacturing. I'm a small investor in real life and I've learned a few things that apply just as well in the EVE market as anywhere else. Price spread. This is the high-voltage of profit making. Without it, your're pretty much wasting your time. [...] All you need is a big hauler, the bigger, the better, but I avoid freighters. [...] Most people in EVE don't BEGIN to understand how much money can be made with trading stuff no one gives a second thought to.


We're getting off-topic now, but I have made a fair bit, and I know others have made much more, from trading in limited, rare, or expensive items. In the end, it's all about personal preference because this is just a game and even people who solely trade like myself don't want to turn it into the full-time job it could be.

Do you know how you compare to other people in EVE profit wise? Have a look at https://trade.eve-mogul.com/leaderboards over a couple of days to get an idea (none of the usual high rollers are there today).

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Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Alexi Stokov
State War Academy
Caldari State
#24 - 2016-07-04 21:07:27 UTC
Razor Wong wrote:
Roll

I'm buying and selling water as a bulk trade commodity. I've made more profit trading water in EVE than any other single commodity. When I hear folks say they have no interest in some cheap abundant low-cost commodity, that's a strong indication they've never really explored trade for profit. If you're going to trade anything for profit, the last thing you desire is high value and large mass per unit. Instead, you look for a low-cost readily available commodity with LOW mass per unit that is in constant demand for manufacturing. I'm a small investor in real life and I've learned a few things that apply just as well in the EVE market as anywhere else. Price spread. This is the high-voltage of profit making. Without it, your're pretty much wasting your time. Water has always had some of the best price spread of any commodity in EVE. And there are bulk concentrations of it in predictable areas. All you need is a big hauler, the bigger, the better, but I avoid freighters. Then you buy low and sell high. Water in terms of mass per unit has one of the smallest footprints going. Which means you can stuff a lot into one space. Price spreads in terms of ISK are often as much as 100 per unit from low to high. Sometimes more. If you place commodity orders in the right location and deliver to the right location, that price spread can insure 50 million or more profit per run, if you have a large enough ship. Most people in EVE don't BEGIN to understand how much money can be made with trading stuff no one gives a second thought to.



How much isk are you putting down to make the 50 million isk? How long is the round trip taking you to do it?
Razor Wong
Oceanic Trade and Transport
#25 - 2016-07-04 21:52:54 UTC  |  Edited by: Razor Wong
Smile

I have available capital in the area of 2.5 bill. Water orders are typically placed in orders of 200,000 units or more. You need to spend money to make money. Right now I'm only purchasing in one area. The sales run is a single trip of 18 hops.

Now that I've answered the question about what I do with water, does any one yet have an idea why water is being hoarded in such volumes and not being consumed? I suppose it could be just simply to drive up market prices. But at some point folks will be tempted to grab to grab the money and run. At these prices, I'm surprised it hasn't happened already.
Vaerah Vahrokha
Vahrokh Consulting
#26 - 2016-07-06 01:01:26 UTC
Back at the time I traded Megacyte or similar, it's small volume and some value.

Then PLEX. They are awesome when you stack a nice, expanded and untanked T1 hauler full of them and go through certain gates Pirate

EvE Online portal | EvE markets tutorials
Razor Wong
Oceanic Trade and Transport
#27 - 2016-07-06 01:17:51 UTC  |  Edited by: Razor Wong
Cool

My answer came either early today or late yesterday. The market made a sharp adjustment and I got out before I took a bath.
If I had just sold a day earlier. That was one of the most focused price drives I've ever seen. If it happens again anytime soon, I've now got a pretty good idea where the break point is.
Alexi Stokov
State War Academy
Caldari State
#28 - 2016-07-06 01:39:31 UTC
Razor Wong wrote:
Cool

My answer came either early today or late yesterday. The market made a sharp adjustment and I got out before I took a bath.
If I had just sold a day earlier. That was one of the most focused price drives I've ever seen. If it happens again anytime soon, I've now got a pretty good idea where the break point is.


So then what's the reason?
Razor Wong
Oceanic Trade and Transport
#29 - 2016-07-06 16:53:06 UTC  |  Edited by: Razor Wong
Smile


Well, it was simpler than I thought. One or more groups with a lot of purchasing power made a successful attempt to control the market for awhile. They pulled in roughly half the water in EVE and sat on it. The market still needed water in quantity so prices understandably rose. Profit seems to be the only motive. But what surprised me was the length of time it took them to wait before grabbing the money. THAT takes discipline and a sense of control. That's why I began suspecting another motive. I guess sometimes the obvious answers are solid.
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