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How To Tell If You're a Good Trader
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Ruvin
Amarr Empire
#21 - 2012-11-29 09:25:47 UTC
Is it me or there are lots more ppl doing "trading" atm ?
I mean 1 2 years ago there was like profit everywhere without any mind games or trouble .


Now you actually need to put some effort into it Roll

Opportunities multiply as they are seized.
Dasola
New Edens Freeports
#22 - 2012-11-29 13:25:12 UTC
Ruvin wrote:
Is it me or there are lots more ppl doing "trading" atm ?
I mean 1 2 years ago there was like profit everywhere without any mind games or trouble .


Now you actually need to put some effort into it Roll


Probably becouse everyone is always told tradeing is good way to make isk for pvp ;)

We are Minmatar, Our ship are made of scraps, but look what our scraps can do...
Vargan Armer
Tribal Liberation Force
Minmatar Republic
#23 - 2012-11-29 16:06:07 UTC
clamslayer wrote:
It took me a while to learn the market, but now i average about 500 million isk an hour if i spend an entire hour following my tedious trade strategy. sometimes i pull in far less, other times i pull in a billion isk or more off an hour of work, it depends on the randomness of player item sales and my competition.

Being a good trader boils down to the ratio of isk earned and the amount of time it took to earn the isk.

Judging a players success at trading based on gross worth, trade turn arounds, patch speculation, PVP funding, or a players ability to turn 1 billion isk into 2 billion isk in 1 month is arbitrary, unless you look at the amount of game time it took to earn the isk in question.

CowNoseTheCat wrote:
My personal goal is to reach a billion ISK profit a day. OF course, I'll be a successfully trader long before that (and am now) but that is my big goal in trading.


although i share the similar goal as CowNoseTheCat, 1 billion an hour on the regular versus 1 billion a day, i am fairly happy with what i earn now.

these numbers are from my ass, but if you look at other eve careers, 500 million an hour is far superior.

mining = 15 million an hour? **** that
ratting = 40 million an hour? **** that too
whatever else = 100 million and hour? **** that also

to answer your question OP, you are a successful trader if you make isk, but you are a "good trader" if you earn more isk a hour trading, than you could be earning doing something else. Until then you are just a trader.

I feel that at this point im just a trader.

The fewer traders out there the more isk ill make per hour of work, so i hope you fail OP.


FW can still just about brush 500m/hr...
clamslayer
Doomheim
#24 - 2012-11-29 19:49:39 UTC
Vargan Armer wrote:
clamslayer wrote:
It took me a while to learn the market, but now i average about 500 million isk an hour if i spend an entire hour following my tedious trade strategy. sometimes i pull in far less, other times i pull in a billion isk or more off an hour of work, it depends on the randomness of player item sales and my competition.

Being a good trader boils down to the ratio of isk earned and the amount of time it took to earn the isk.

Judging a players success at trading based on gross worth, trade turn arounds, patch speculation, PVP funding, or a players ability to turn 1 billion isk into 2 billion isk in 1 month is arbitrary, unless you look at the amount of game time it took to earn the isk in question.

CowNoseTheCat wrote:
My personal goal is to reach a billion ISK profit a day. OF course, I'll be a successfully trader long before that (and am now) but that is my big goal in trading.


although i share the similar goal as CowNoseTheCat, 1 billion an hour on the regular versus 1 billion a day, i am fairly happy with what i earn now.

these numbers are from my ass, but if you look at other eve careers, 500 million an hour is far superior.

mining = 15 million an hour? **** that
ratting = 40 million an hour? **** that too
whatever else = 100 million and hour? **** that also

to answer your question OP, you are a successful trader if you make isk, but you are a "good trader" if you earn more isk a hour trading, than you could be earning doing something else. Until then you are just a trader.

I feel that at this point im just a trader.

The fewer traders out there the more isk ill make per hour of work, so i hope you fail OP.


FW can still just about brush 500m/hr...


Wow, CCP needs to nerf the faction warfare income.
Arronicus
State War Academy
Caldari State
#25 - 2012-12-02 22:44:13 UTC
Easiest question ever.


Your total isk in terms of tangible value of everything you own (and what it can be readily liquified for) goes up? Good trader


Goes down? Bad investments/Bad/Unlucky trader.



There is the argument of that you could have made more isk elsewhere doing something else, but that is a moot point, as you have chosen to do trading. By your choice of performing market trading, you have demonstrated a lack of desire to do 'other said more profitable options', and therefore they are irrelevant, as you should be doing what you want to do, and therefore will keep playing.
Arronicus
State War Academy
Caldari State
#26 - 2012-12-02 22:49:41 UTC
clamslayer wrote:
Vargan Armer wrote:
clamslayer wrote:
It took me a while to learn the market, but now i average about 500 million isk an hour if i spend an entire hour following my tedious trade strategy. sometimes i pull in far less, other times i pull in a billion isk or more off an hour of work, it depends on the randomness of player item sales and my competition.

Being a good trader boils down to the ratio of isk earned and the amount of time it took to earn the isk.

Judging a players success at trading based on gross worth, trade turn arounds, patch speculation, PVP funding, or a players ability to turn 1 billion isk into 2 billion isk in 1 month is arbitrary, unless you look at the amount of game time it took to earn the isk in question.

CowNoseTheCat wrote:
My personal goal is to reach a billion ISK profit a day. OF course, I'll be a successfully trader long before that (and am now) but that is my big goal in trading.


although i share the similar goal as CowNoseTheCat, 1 billion an hour on the regular versus 1 billion a day, i am fairly happy with what i earn now.

these numbers are from my ass, but if you look at other eve careers, 500 million an hour is far superior.

mining = 15 million an hour? **** that
ratting = 40 million an hour? **** that too
whatever else = 100 million and hour? **** that also

to answer your question OP, you are a successful trader if you make isk, but you are a "good trader" if you earn more isk a hour trading, than you could be earning doing something else. Until then you are just a trader.

I feel that at this point im just a trader.

The fewer traders out there the more isk ill make per hour of work, so i hope you fail OP.


FW can still just about brush 500m/hr...


Wow, CCP needs to nerf the faction warfare income.


They have, and it is being further changed in the expansion. While I haven't seen evidence to substantiate claims of 400mil+ per hour, and have infact heard friends in FW complaining that it is a fair bit less now, there are a lot less potential spots for you to make ridiculous amounts, due to pay scaling changes.
Cooyaw
State War Academy
Caldari State
#27 - 2013-01-09 19:31:51 UTC
I guess that depends on what you call "good"

To me, good is making enough isk to plex 3 accounts and keep them training and skilling year round. haven't paid a subscription fee in almost 2 years with one or two exceptions, but only for one of the accounts, never all 3.

on top of plexing the accounts i can afford to pimp out pirate ships and buy pretty much whatever i want, including characters. I'm not even in the top 50% of rich players in eve, but for me, this is good.

for a new trader, maybe good is making 300 million a week, i'd say thats pretty good for a low sp trader with less than 50 orders, and it's totally doable.

so, your question to me is all relative.
Mr LaboratoryRat
Confederation of DuckTape Lovers
#28 - 2013-01-09 20:23:44 UTC
if you can make more isk than you can spend
flakeys
Doomheim
#29 - 2013-01-09 21:58:21 UTC
I see a good trader as i see a good pvp player:


The amount of isk/killmails is not the best indicator , it is the ability to handle all aspects of your playstyle and have a good indepth view of the mechanics.


Needless to say btw i view myself as at most a mediocre trader ... and a lousy pvpér for that matter.But hey i enjoy both equally Blink.

We are all born ignorant, but one must work hard to remain stupid.
Varius Xeral
Doomheim
#30 - 2013-01-09 22:16:23 UTC
Personally I value the ability to maximize isk while minimizing effort.

If success is x/e, where x is income and e is effort, then I place a much higher value on a low e than a large x.

If you're grinding to make isk, you're better off staying an extra hour at your actual job and just buying a plex.

Official Representative of The Nullsec Zealot Cabal
Alex Grison
Grison Universal
#31 - 2013-01-09 23:00:26 UTC
You are a good trader if you make enough money for whatever you want to do.

Everything else in this thread is just E-Peen

yes
Felicity Love
Doomheim
#32 - 2013-01-10 01:58:00 UTC
If you've been around long enough, you'll possibly know there are a few simple strategies in this game that will yield vast amounts of ISK without breaking rules (EULA, etc.) or that will take up too much of one's precious time.

You might even stumble across a lucrative "secret" from time to time -- and feel free to define "secret" any way you choose, because I won't do it for you. Blink

You will also note that, earlier, I said "simple". I did not say "easy"... which is right about where 95% of prospective traders usually pack up and go do something else.

It's up to you.

"EVE is dying." -- The Four Forum Trolls of the Apocalypse.   ( Pick four, any four. They all smell.  )
Hannah Flex
#33 - 2013-01-10 07:44:03 UTC
I define my success by how much time (effort) I have to put into trading. I know there are people that stare at their market window all day and must type out .01 a few hundred times per day. Those guys are suckers. I update my orders twice per day. Twice. No more no less and still turn about 800m per day. Its almost like passive income. Smile In highsec haha
Barakach
Caldari Provisions
Caldari State
#34 - 2013-01-10 13:38:00 UTC
When you stop placing buy orders and your wallet skyrockets.

http://i896.photobucket.com/albums/ac170/Manso2525/EvEJelly_zpsebf79900.png
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