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Kinda new to station trading, need some advice

Author
Eden Raeyne
0uter Heaven
#1 - 2016-12-14 00:19:25 UTC  |  Edited by: Eden Raeyne
So I'm not exactly sure what times of types I should be buying, I guess what I'm trying trying to ask is, should I buy any and all items as long as there is a demand for them and the profit margin is decent?
Raker Plaude
Federal Defense Union
Gallente Federation
#2 - 2016-12-14 00:51:50 UTC
Eden Raeyne wrote:
So I'm not exactly sure what times of items I should be buying, I guess what I'm trying trying to ask is, should I buy any and all items as long as there is a demand for them and the profit margin is decent?

Yes!

Also, just have a go and see what works :)
Gyozshil154
Protocision Industries
#3 - 2016-12-15 11:37:22 UTC
Eden Raeyne wrote:
So I'm not exactly sure what times of types I should be buying, I guess what I'm trying trying to ask is, should I buy any and all items as long as there is a demand for them and the profit margin is decent?


I'm pretty bad so I have no idea if this is the best way but it's what I do.

Find where you want to set up shot, and go through every single item available in that station. Look at the chart view in the item history and look at how often it sells. Add fast moving ones to your quickbar and keep continuing down until you have enough to satisfy you or you're done
Gregorius Goldstein
Queens of the Drone Age
#4 - 2016-12-15 13:38:30 UTC
The buyorder does most of the station trading magic. To know where to sell stuff for astronomic prices is the secret of hauling (and to get there in one piece). Buying cheap and waiting for the right time to sell again is the key to successful station trading.
Zadakael Malkuth
Reclaimation Endowment
#5 - 2016-12-15 16:22:27 UTC
I would suggest finding a good trade hub (Amarr, Rens, Dodixie or Hek) to setup shop and then find items that have decent trade volume and still decent spread. Jita seems to be the hardest place to start because it has such high volume that one cannot always find the best spread.

What is a 'Spread'?

A spread is the difference between the bid and the ask price of an item in the market.

After some time one should look to expand to minor trade hubs to take advantage of opportunities to make some sweet isk.

Buy items you know toons in your area will need in the near future. Follow the DEV posts to see what the latest trends will be (i.e SKINS or new tech like citadels and ship changes). Buy loot items that you know PvEers will want to unload easily but PvPers like to buy for cheap meta fits.

The market is dynamic, so there is not a one size-fits-all answer, AND today's answer will be obsolete tomorrow.
Caldari Citizen 223477368
Science and Trade Institute
Caldari State
#6 - 2016-12-15 20:04:38 UTC
test
Caldari Citizen 223477368
Science and Trade Institute
Caldari State
#7 - 2016-12-15 20:17:07 UTC
test
Caldari Citizen 223477368
Science and Trade Institute
Caldari State
#8 - 2016-12-16 18:35:27 UTC
Eden Raeyne wrote:
So I'm not exactly sure what times of types I should be buying, I guess what I'm trying trying to ask is, should I buy any and all items as long as there is a demand for them and the profit margin is decent?


The answer to your question is indubitably yes.

But you asked the wrong question. Here's what you should have asked :-

How do I find items which are in demand and show a decent profit margin?

Myriad Blaze
Common Sense Ltd
Nulli Secunda
#9 - 2016-12-17 17:43:08 UTC
Rogue Halo wrote:
Eden Raeyne wrote:
So I'm not exactly sure what times of types I should be buying, I guess what I'm trying trying to ask is, should I buy any and all items as long as there is a demand for them and the profit margin is decent?


The answer to your question is indubitably yes.

But you asked the wrong question. Here's what you should have asked :-

How do I find items which are in demand and show a decent profit margin?


So you needed 3 attempts to put all your genius into one question and had nothing left to come up with something helpful?


To the OP:
Here's the link to an extensive guide to station trading you might find interesting:
https://wiki.braveineve.com/public/dojo/wiki/station_trading_complete_guide

Station trading has some nuances that can make it quite complex. Also this makes it difficult to answer your question. The correct answer probably is "it depends".

For example, if your trading habits include to hold items for some time, this means you'll tie up your trading capital. In that case you should make sure to have a diverse asset portfolio (never put all your eggs into one basket). Once you have enough capital you will end up betting on market trends instead of just chasing daily margins. But you should never use up all your liquid ISK for this.

Also it's always wise to check demand. It's no good to heavily invest in an item just because today's margin is quite good when that item moves very slow. Buying several such items means that the margin needs to be good tomorrow, too. And also the day after tomorrow.

Additionally you should check interconnectedness of items. For example PLEX and Skill Injectors are tied, meaning price changes in PLEX will be mirrored in Skill Injectors.

Furthermore you might be interested in patch speculation. For example I bought some worthless junk items a good while ago when there was no demand and no profit margin at all. These items came into demand when they were added as crafting components for certain items. Now I am looking at an ROI of 10,000% (ten thousand) and more.

Besides, don't forget that the profit margin is not profit in itself. Profit is the combination of margin and trading speed. Trading an item “A” with a profit margin of 1m ISK/trade is better than trading an item “B” with a profit margin of 2m ISK/trade, if you can trade item “A” more than twice as fast than item “B”.

Tesal
#10 - 2016-12-18 20:43:19 UTC
I started with ammo, data cores and salvage and rigs.

Buy ammo in Jita at the lowest price you can, and ship it to mission hubs and jump off points into lowsec and null. Pay attention to the economic reports from CCP to see where people are buying stuff and make a spread sheet and fly from region to region until you find a place to sell your stuff.

Data cores aren't that great an item any more.

Buy salvage all over empire and ship it to Jita using hauler contracts. You can also use it to make your own rigs to sell. Keep a close eye on the Jita price for stuff, some times you can buy stuff at firesale prices. I started in a shuttle moving stuff to regional hubs and selling it, a total newb thing to do.

You can also buy ore all over empire and if you have the skills reprocess it and ship it to Jita, this takes a freighter though.

As you grow wealthier then branch up into ships, implants and other high value items. Some new things to buy might be to buy citadels from people taking them down and dumping them in Jita. Buy them below production cost. I did this with POS gear. While you are flying around make a list of high volume items and get a sense of what is selling and dive in.

Be careful not to get suicide ganked. This is a very real risk. If you are flying with over 100 million isk cargo, get a freighter or use a hauler contract.

Rei Y
Minmatar Citizen 90483936 Corporation
#11 - 2016-12-20 15:19:37 UTC
Gregorius Goldstein wrote:
Buying cheap and waiting for the right time to sell again is the key to successful station trading.


what a silly advice. why would you have your money locked up in a sale sitting there waiting for you to sell it? ISKies should be like little slave workers turning over and over 24/7 making you profit.
but the time you have waited for profit margin to increase, you could make more money buying and selling immediately many times at a smaller profit margin.
Rei Y
Minmatar Citizen 90483936 Corporation
#12 - 2016-12-20 15:31:24 UTC
to the OP, look for a good flippable item.
to find one, look at the price info (second tab next to orders). look for high turn over rate - bottom bars representing total number of orders filled. then look at the plot - the dots, representing the mean (or is it median) price should be roughly in the middle of the colored area (brown, I think). the brown area represents the spread between sell and buy order prices. the dot being in the middle tells you that there are roughly half buy and half sell orders filled on this item. if the dot sits at the bottom, it means that mostly people dump their stuff to buy orders. if it is on top, it means that mostly people buy from sell orders. you dont want either, as you want to buy and sell quick.
I did mostly standard attribute implant station trading. they are around 20mil each, and you can make 1-2mil from each turned over implant. did some ships and subsystems too, at a higher profit from 1 item, but overall implants were the best.
made 10bil and realized that I playing a space ship video game wrong.
Gregorius Goldstein
Queens of the Drone Age
#13 - 2016-12-20 15:36:33 UTC
Because I don't trade 24/7? For me it's about the ISK per hour spend on trading and not about max. ISK while doing nothing else. I use station trading for some nice semi-passive ISK. A bit like PI. And I don't mind that a good chunk of my ISK is invested in assets. Look at the economic reports: A lot more ISK are generated every day than blown up resulting in inflation.

Rei Y wrote:
Gregorius Goldstein wrote:
Buying cheap and waiting for the right time to sell again is the key to successful station trading.


what a silly advice. why would you have your money locked up in a sale sitting there waiting for you to sell it? ISKies should be like little slave workers turning over and over 24/7 making you profit.
but the time you have waited for profit margin to increase, you could make more money buying and selling immediately many times at a smaller profit margin.

Caldari Citizen 223477368
Science and Trade Institute
Caldari State
#14 - 2016-12-20 15:54:38 UTC
Eden Raeyne wrote:
So I'm not exactly sure what times of types I should be buying, I guess what I'm trying trying to ask is, should I buy any and all items as long as there is a demand for them and the profit margin is decent?


Tech2 items are good place to start trading. So how do you find them?

Well open up your market and type in ii and hit search. Now click on ship equipment and you will see a long list of tech2 items which you might want to trade

Now click on the 1st item and on the top of the right hand side of the Market page click on price history. At the bottom of the right hand side of the Market page click on show table. You will now see a long list or orders and quantities.

Click on each tech2 item in turn and what you are looking for is BIG numbers. When you find an item right click and add to quickbar.

When you have 10-20 items on your quickbar you can start making buy orders. You will also use to quickbar to update your orders.

What item has big numbers? Well scroll down to cap recharger

Hope this helps Smile
Professor Sternu Tarantoga
Queens of the Drone Age
#15 - 2016-12-21 08:29:55 UTC
Best thing you can do is to find something or somewhere without much or any competition. Can’t tell you what I trade, but it is a quite comfortable way to make easy ISK. If you trade like the UNI-Wiki sites or the forum majority tells you to, how much competition can you expect? Creativity works as well (if not better) than the spreassheets everyone else uses.
Gregorius Goldstein
Queens of the Drone Age
#16 - 2016-12-21 08:39:14 UTC
Rei Y wrote:

I did mostly standard attribute implant station trading. they are around 20mil each, and you can make 1-2mil from each turned over implant. did some ships and subsystems too, at a higher profit from 1 item, but overall implants were the best.
made 10bil and realized that I playing a space ship video game wrong.


10 bil at 1-2 mil profit per unit bought and sold? That would be a million trades at least. Slow, steady and at low risk. I prefer the bigger and riskier trades with 50% or more margin and several millions profit per unit. But part of good trading is to find your own thing, isn't it?
Rei Y
Minmatar Citizen 90483936 Corporation
#17 - 2016-12-28 15:54:53 UTC
Gregorius Goldstein wrote:
Rei Y wrote:

I did mostly standard attribute implant station trading. they are around 20mil each, and you can make 1-2mil from each turned over implant. did some ships and subsystems too, at a higher profit from 1 item, but overall implants were the best.
made 10bil and realized that I playing a space ship video game wrong.


10 bil at 1-2 mil profit per unit bought and sold? That would be a million trades at least. Slow, steady and at low risk. I prefer the bigger and riskier trades with 50% or more margin and several millions profit per unit. But part of good trading is to find your own thing, isn't it?


10 bil at 1 mil profit is a million trades? dude, dont do station trading with your math skills. or you will be one of those who once bought 3 of my implants at 10 times the price, instantly making me half a billion richer :) I wish I had a larger buy order at the time, not just 3.
Cista2
EVE Museum
#18 - 2016-12-28 15:58:03 UTC
Rei Y wrote:
10 bil at 1 mil profit is a million trades? dude, dont do station trading with your math skills. or you will be one of those who once bought 3 of my implants at 10 times the price, instantly making me half a billion richer :) I wish I had a larger buy order at the time, not just 3.

Because people buy from your buy orders?
We are all terribly clever and sarcastic :)

My channel: "Signatures" -

sci0gon
Kaira Innovations
#19 - 2016-12-29 04:31:39 UTC
Zadakael Malkuth wrote:
Jita seems to be the hardest place to start because it has such high volume that one cannot always find the best spread.


Jita isnt that bad its just finding the right items and having to play the 0.01 isk game with others. The other issue you are faced with in jita are the idiots who kill the profit margins just for quick sales when they could easily make more with a little patience, especially since its the main hub that has a lot of traffic.

I was playing the game in afk mode the past few months due to real life but from what I have seen over the past 3 weeks is that there is another issue to take into consideration and that is sales in Perimeter. There are a lot of sellers who are adjusting their pricing to match the sales in that area when its not needed at all and they're losing profit from those who are buying in the jita 4-4 station. I would understand if the customers were buying regionally but most of the time its from the 4-4 station.


Also to the op be careful of the other players who want to buy directly (trade scam) you may be approached in time when they notice you selling the same items to them over and over again.