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Am I doing it wrong?
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Mike Uiltra
Doomheim
#1 - 2016-12-28 07:13:13 UTC
I hope this thread has not been made many times but I have a quick question for you veterans with the market. I started doing some station trading in Jita and put up a buy order for 10 drakes. Within about 5 hours or so the order was filled and I put them up as a sell order. I did all the calculation so and with my limited skills the margin was about 31 mill. The only problem was when I did all the calculations to determine profit, the broker fees (sell order plus buy order fees) added with the sales tax also equated to about 31 mill. I think in the end I only came out with making 100k ISK. The profit margin appeared very large but with the fees it really did not end up making it worth the effort.

The question is, do I just need to really get the appropriate skills up and standings with Caldari Navy to make a profit station trading, do I need a much larger margin? Am I missing something?

Any input will be greatly appreciated!

Thank you!
Mike
Saveritas
Fusion Enterprises Ltd
Pandemic Horde
#2 - 2016-12-28 08:51:24 UTC
Start out with larger margins while training skills like broker relations and the such.

There are actually really great tools out there that can help you determine the best items to trade, things like EVE IPH (ISK Per Hour), EveHQ (I think?) and others. They also calculate your margins including the broker fees.
Do Little
Bluenose Trading
#3 - 2016-12-28 09:38:50 UTC
If you are a trader, you will need the Accounting and Broker Relations skills at level 5. This will reduce your tax to 1% and your broker fee to 2.5%. Standing can potentially reduce the broker fee to 2% but that's a long grind.

If you are trading in Jita, place your buy orders at a Citadel in Perimeter with a 1 jump range. You should be able to find a significantly lower broker fee. The order will usually be filled in Jita 4-4 but there is a chance you will need to move the product.

As a low volume trader, you will probably want a 20% spread to make it worth your time but, Eve is a game - as long as you are having fun, you're doing it right.
Mike Uiltra
Doomheim
#4 - 2016-12-29 04:09:07 UTC
Thank you for your comments that helps a lot!
Thara Darmazaf
Ministry of War
Amarr Empire
#5 - 2017-01-01 18:26:31 UTC
So is it 2% first on buy order and then another 2% + 1% tax on sell order?
Do Little
Bluenose Trading
#6 - 2017-01-01 19:42:11 UTC
Thara Darmazaf wrote:
So is it 2% first on buy order and then another 2% + 1% tax on sell order?


If you have perfect skills and standing. 3% brokerage on buy order and then 3% brokerage + 2% tax on sell order with no skills and neutral standing.

With accounting and broker relations 5. 8.27% faction + 8.03% corp standing I am paying 2.11% brokerage and 1% tax.

Brokerage may be lower (set by owner) if you place order at a Citadel market - not affected by skills. Tax is the same everywhere,