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How Do You Deal With Timezones?
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Toku Jiang
Jiang Laboratories and Discovery
#21 - 2013-01-11 17:42:25 UTC
One hour at a time.
Danari
Syncore
#22 - 2013-01-11 21:00:00 UTC
Barakach wrote:
I'm still a scrub for certain thing. How do you determine what "cost" is?


I use a rolling 30-day average of actual costs I've paid for materials. It's not precisely FIFO but reasonably close. Because FIFO leaves one vulnerable to price movements in both directions, I use a minimum markup combined with a rolling-7 cost delta on materials to avoid getting flipped during spikes and to avoid stock getting marooned when costs tank.
Anslo
Scope Works
#23 - 2013-01-11 21:42:40 UTC
Danari wrote:
Barakach wrote:
I'm still a scrub for certain thing. How do you determine what "cost" is?


I use a rolling 30-day average of actual costs I've paid for materials. It's not precisely FIFO but reasonably close. Because FIFO leaves one vulnerable to price movements in both directions, I use a minimum markup combined with a rolling-7 cost delta on materials to avoid getting flipped during spikes and to avoid stock getting marooned when costs tank.


...translation for those of us not smart enough to understand Finance?

[center]-_For the Proveldtariat_/-[/center]
Barakach
Caldari Provisions
Caldari State
#24 - 2013-01-12 02:07:51 UTC
Danari wrote:
Barakach wrote:
I'm still a scrub for certain thing. How do you determine what "cost" is?


I use a rolling 30-day average of actual costs I've paid for materials. It's not precisely FIFO but reasonably close. Because FIFO leaves one vulnerable to price movements in both directions, I use a minimum markup combined with a rolling-7 cost delta on materials to avoid getting flipped during spikes and to avoid stock getting marooned when costs tank.


Thanks for the idea. Blink
Lavitakus Bromier
WTF Bunnies
#25 - 2013-01-12 21:32:56 UTC  |  Edited by: Lavitakus Bromier
Ravenclaw2kk wrote:
Find a different item?


Best advice so far. IM American and I also station trade. I've notice that EU vis usually busy from 12-8
That west coast time. I go to work 5am and get off 5-7pm
What I do is I try to check all my orders in the morning before work. right when I get off and then before bed time.
now if IM off early I'll play some gw2 and blacks ops while updating every 5min or so.

I avoid heavy traffic items manly cause I don'thave the time to keep up.

And that last thing I do I just don't play for 2 days then next time I log in I've usually sold almost everything and also most my buy orders have been filled. The .1 isk game is fun the the markets always.changing up and down.
Vaerah Vahrokha
Vahrokh Consulting
#26 - 2013-01-12 21:45:30 UTC
Anslo wrote:
Danari wrote:
Barakach wrote:
I'm still a scrub for certain thing. How do you determine what "cost" is?


I use a rolling 30-day average of actual costs I've paid for materials. It's not precisely FIFO but reasonably close. Because FIFO leaves one vulnerable to price movements in both directions, I use a minimum markup combined with a rolling-7 cost delta on materials to avoid getting flipped during spikes and to avoid stock getting marooned when costs tank.


...translation for those of us not smart enough to understand Finance?


I'd say that rolling average is a general math term (yes it's also applied to some technical analysis indicators) and FIFO is an accounting term (programming too, but not related to this context). Not really a lot about finance.

EvE Online portal | EvE markets tutorials
Princess Saskia
Hyperfleet Industries
#27 - 2013-01-14 11:32:58 UTC
Solution: Play eve at work?

 ♥ 
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