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WANTED: Heavyweight trader to teach a total dumba$$ the ropes ect read me

Author
ZAUKEN
Size doesnt matter
#1 - 2011-09-24 03:39:56 UTC
Well if your here your interested in what I want to learn. Looking for a heavyweight in trading to take a idiot and make a savy trader. I am not looking for the buy low sell high deal. I want to know the way to do the good stuff. Pay based on experience, and I know my budget. 90 days wanted. Easy income if your a good teacher! Convo mail or post here! I will respond to all serious offed!
Chevalleis
The Scope
Gallente Federation
#2 - 2011-09-24 04:45:42 UTC
I doubt anyone who's still lurking here can tell you anything about anything that you can't find on the old forums.
Elise DarkStar
Garoun Investment Bank
Gallente Federation
#3 - 2011-09-24 05:55:40 UTC
If I'm still feeling as generous when I'm sober and I have the time tomorrow I will teach you everything that can be taught.

Edit: in this forum for free
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#4 - 2011-09-24 10:08:39 UTC
ZAUKEN wrote:
I am not looking for the buy low sell high deal.

You can try buying high and selling low. Make up for the difference with volume.
Atima
Inevitable Outcome
E.C.H.O
#5 - 2011-09-24 14:07:51 UTC  |  Edited by: Atima
how much isk do you have available + selling any non essental assets.

Edit:

what are you faction standings like ?

Time commitments?

Is your trading character seperate to your main? i.e. you wont be flying off into another region to run missions or whatever.

how adverse are you to risk?
ZAUKEN
Size doesnt matter
#6 - 2011-09-24 19:22:09 UTC
I will have 1b oak to tart. The room I have for trading is seperate from z here. I can run missions ext for standings as needed. I got all day and night. I can be on most anytime.
Zeta Zhul
Preemptive Paranoia
#7 - 2011-09-24 19:30:38 UTC
"I will have 1b oak to tart."

Ok that's an instant classic.

Here is the deal. What you need to know is already out there in droves. You can simply check my character name and search the old Eve Online forums for some of it. The rest can't be taught really because it requires time and experience with how the markets work. Not because it is a complex thing but because the markets are made up of people and anything to do with people has quirks that need to be understood.
EvilCheez
Garoun Investment Bank
Gallente Federation
#8 - 2011-09-24 20:27:32 UTC
Also trying to entice someone with 100b + in assets with isk was a bad move - you don't have enough to interest them. Better to play their altruistic tendencies (if they have any)..........
Atima
Inevitable Outcome
E.C.H.O
#9 - 2011-09-24 20:52:18 UTC
EvilCheez wrote:
Also trying to entice someone with 100b + in assets with isk was a bad move - you don't have enough to interest them. Better to play their altruistic tendencies (if they have any)..........


Actually I've found we have more of them than other players.

As for the OP :

I'd recommend running the amarr caldari cosmos missions now. This will net you around 2bn. run some CN missions afterwards and inbetween as needed.

Drop me a mail when you have 8+ faction standings and corp standings to CN + caldari faction + atleast 2bn isk.

I'll be happy to show you how to make around 2-5% per day in jita semi passively. Its not a huge amount but atleast its in the 50-100mill range per day. It will require actively monitoring your orders atleast once per day, preferably twice and some 0,01ing when things are going south - You will be exposed to some risk. I have trades that loose 10%+ atleast once per week. Never on more than 2bn though as i tend to limit myself to that amount. For yourself I'd recomend limiting to 200mill.

Ofcourse with active 0,01ing you could do alot better that 2-5%, but I have little patience for it.

The most important part of this trading strategy is that it scales reasonably well. I could leverage up to 50bn, maybe more without a significant drop in returns.
Adunh Slavy
#10 - 2011-09-25 01:03:14 UTC
All trade in Eve boils down to one thing, transaction cost. That being, the value added to a good post production and before retail sale - in other words, the middle man. The 'transaction cost' is your profits.

Eve traders provide the basic services of speculation and transportation, both of which contribute to the transaction cost. "Buy Low and sell high" is of course true, but it is also total crap. It doesn't tell you how to buy low and sell high with the goal of increasing transaction cost as much as possible.

So what factors allow you to increase transaction costs - Time and/or distance. How much of that cost you can keep for your self is determined by your trade skills and standings, as pointed out by others.

So let me modify the ol' buy low sell high - buy low there yesterday, sell high tomorrow someplace else. How much distance or time you add is up to you, both have their own opportunity costs and diminishing return - and no one can teach you how to measure those since they are somewhat subjective to your play style and what you can afford to do.

You can do the 0.01 ISK game thing if you want, but you limit your self by not adding the value of time or distance. All the station 0.01 game does is profit from the spread - chump change. Station trading with out adding time or distance is a pure spread play, it also leaves you at the mercy of all the other idiots chasing the spread.

The 0.01 ISK game is for suckers. I'd rather haul something for two hours, dodge a couple of gate camps, sit on it for six months and make a 300% profit than waste my time doing 0.01 games for a paltry 25%.

Not much more to it than that. Also, detach your self from the idea that ISK is wealth. ISK just happens to be the one commodity we consider money.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Elise DarkStar
Garoun Investment Bank
Gallente Federation
#11 - 2011-09-25 02:45:12 UTC
How much did you think you were going to pay a high-end trader to teach you?

If your capital is 1b, that doesn't leave much to pay him with.

I wouldn't do it in the first place, but if I were to, hypothetically, teach someone everything they need to know, I'd probably charge 5b+.

I also retract my offer to lay out some lessons here for free. Sobriety and laziness have won out.

Search the old forum.
ZAUKEN
Size doesnt matter
#12 - 2011-09-25 04:55:06 UTC
Options still open, and by no means am I willing to accept this knowlege for free. Seems people these days expect that once something is posted that they want to be given something free. I have been around long enough to know the root of all evil in eve is based around ISK. I am looking to get "Lesson Learned" for a price. I will be working on my faction standings as we speak. Other than that Hit me up!
Adunh Slavy
#13 - 2011-09-25 06:57:07 UTC
I gave my advice free and expect no payment.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Tesal
#14 - 2011-09-25 16:45:36 UTC
Some of the biggest isk in my experiece doesn't come from the daily grind of trading, it comes from when they change something in the game. Switching the top end moon mineral from dysprosium to technetium is an example, some people made many billions in the process. When new ships come out the price is very high and you can make a lot of money. Just poke around doing trades to build up your capital and wait for the next patch and be ready when it comes. It doesn't hurt to go on the test servers either to see whats being developed and crunch some numbers on build costs of various things to see whats being changed.

The other thing to count on to make money is that people are lazy, as a general rule. Many would rather buy new Plex from
CCP and sell that, than earn the isk in other ways. You make money off of their sloth and laziness by doing things they don't want to spend the mental energy on.
EvilCheez
Garoun Investment Bank
Gallente Federation
#15 - 2011-09-25 20:39:37 UTC  |  Edited by: EvilCheez
Tesal wrote:
Some of the biggest isk in my experiece doesn't come from the daily grind of trading, it comes from when they change something in the game. Switching the top end moon mineral from dysprosium to technetium is an example, some people made many billions in the process. When new ships come out the price is very high and you can make a lot of money. Just poke around doing trades to build up your capital and wait for the next patch and be ready when it comes. It doesn't hurt to go on the test servers either to see whats being developed and crunch some numbers on build costs of various things to see whats being changed.

The other thing to count on to make money is that people are lazy, as a general rule. Many would rather buy new Plex from
CCP and sell that, than earn the isk in other ways. You make money off of their sloth and laziness by doing things they don't want to spend the mental energy on.


THIS

after a year of doin this and that I had 3b and got in near the bottom of the Technetium boom --sold out around 30, then bought robotics, guidance systems, mech parts planetary vehicles etc......did well.


In the last few weeks I hit upon buying the goggles you see me in, thinking that since they were the low Aurum alternative to 70$ monicles they would not go down in price and ccp might even raise the price on them. Also since they have no purpose people who bought them and were short on isk sold them first and I was getting a lot of them for 100m when the spread was 100/150. Pretty nice until CCP gives away another 1000Aurum and everyone sells these damn things. But did I let the fact that they are going for 50m in Jita now get me down - Hell NO!!! I bought 40 more pairs to lower my cost basis. In poker its called chasing- its something good gamblers do and good investors don't. The next expansion can't come too soon.........