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how to put isk to use
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Ciyrine
Deep Core Mining Inc.
Caldari State
#21 - 2013-07-20 23:28:46 UTC
Zappity wrote:
Ciyrine wrote:
ok i understand support/resistance in the market whats next?


Current example: 425mm Railgun II. Look at the 1 year price history. Note support at around 4.25m. Now selling at 3.9m. Historically, you could judge that this will increase after the summer lull.

Just an example and not a recommendation because there are other factors involved.

For shorter term trading, check for price differences between regions (hint =ImportXML) and capitalise on them. Just be cautious of buying at historical resistance unless there's a good reason to.


hint = importXML ?
LittleTerror
Stygian Systems
#22 - 2013-07-20 23:36:15 UTC
Ciyrine wrote:
Im a new player. Mined my way to 2bil isk and then didnt want it sitting around. Wasnt sure best way to put it to use but saw plex price history is a wave and currently rising so bought a few figuring in a month or 3 i can probably sell them for more than i paid. Or use it if needed.

I didnt put buy orders because didnt want to wait for someone to fill the order since the price is rising.

Any tips on best way to do this. Or somethig else i should do to put my isk to use?



Research mission hubs with at least one lvl 4 security agent, make sure there are enough people docked and active in target system by checking ingame map statistics, check dotlan maps http://evemaps.dotlan.net/ for npc kills, should be a few thousand kills per day. Now you know the target system is active, locate the lvl 4 agent station, you can use http://evemaps.dotlan.net/ for that also, now check for what tech 2 items are missing, aim to buy an even spread of item types, people are much more likely to buy your stuff from you if you made the effort to cover their entire ship fittings.

Create courier mission with all your stock, input destination system, set the reward so that you're paying them 250k per jump,

You should aim to sell your stuff for 25% profit, don't be too greedy or it just won't move fast enough, set up the orders and then go mine or what ever.

There are ways to stream line everything I laid out above but that's up to you to figure out and learn yourself.
Ciyrine
Deep Core Mining Inc.
Caldari State
#23 - 2013-07-20 23:40:00 UTC  |  Edited by: Ciyrine
if im not manufacturing stuff then 25% profit is a bit high right? it would be lower if Im buying it somewhere cheaper and moving where needed?

wouldnt mission hubs have people using ships with all kinds of fits? How would i deliver full fits of what they need?
LittleTerror
Stygian Systems
#24 - 2013-07-20 23:45:34 UTC
Ciyrine wrote:
if im not manufacturing stuff then 25% profit is a bit high right? it would be lower if Im buying it somewhere cheaper and moving where needed?

wouldnt mission hubs have people using ships with all kinds of fits? How would i deliver full fits of what they need?


Well you could move the stuff your self and instead sell for 10% or something but then you have the added risk of being ganked, extra hassle, annoyance etc.

25% is not too high considering your selling point will be at least 6 jumps from a main hub I'd hope.
Zappity
New Eden Tank Testing Services
#25 - 2013-07-20 23:46:14 UTC
Ciyrine wrote:
hint = importXML ?


Indeed. And you want very high turnover items or consumables if you are going to trade between regions.

Zappity's Adventures for a taste of lowsec and nullsec.
Ciyrine
Deep Core Mining Inc.
Caldari State
#26 - 2013-07-21 12:49:35 UTC
whats an XML?
Rhivre
TarNec
Invisible Exchequer
#27 - 2013-07-21 13:01:12 UTC
you can also copy paste the history table (I find this easier for comparing different regions over time)

Fluffy Bunny Pic!

Dasola
New Edens Freeports
#28 - 2013-07-22 12:35:53 UTC
Ciyrine wrote:
whats an XML?


XML is way to move data over internet. For example, eves own API system gives you XML as results..

Most spreadsheet programs knows how to import XML results. For example you could set up spreadsheet that gets eve central XML query results for you and automatically calculate for example build price of your favorite ship for you..

Very very handy thing...

We are Minmatar, Our ship are made of scraps, but look what our scraps can do...
Adunh Slavy
#29 - 2013-07-22 15:41:24 UTC
All of this boils down to, buy low and sell high. But, when you buy low, you need to know, "why is it low?".

Look at Technetium, according to the graph it's a bargain right? Well no it's not because the reason it is low is not because of any cyclical behavior. It's low because moons have changed and T2 production has changed. The graph is not the source of knowledge, it is a reflection of it.

So, be careful about worshiping the graph and the tables. They are a good source of important historical information, but they are the result of past behaviors, not a predictor of future behavior. At best, the graphs help you make a guess and frame expectation.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Sir SmashAlot
The League of Extraordinary Opportunists
Intergalactic Conservation Movement
#30 - 2013-07-23 18:23:38 UTC
Ciyrine wrote:
Beryl Temper wrote:
2bil is nothing these days. You could easily triple that in a few months, with next to zero time spent.


whats your point in telling me its next to nothing? did I indicate in my OP that i thought my newbself just won EVE? The rest of your post was just as useless. how pitiful ur epeen needed stroking because i posted what isk im working with

Quote:
Swing trading is a viable option for the plex market and some others. Upper end implant market can be something to look into if you like that style of trading.

For swing trading, look at the historical price movement and identify the price point on both the buy and sell side that occur often enough for the timeframe you set for yourself. Place bids, wait, get filled, setup sells, sell and repeat.

The weakness to this strategy will be turnover and being caught in a trending market. You can also be sitting on inventories for months, so be prepared. The margin trading skill will be your friend as this will allow you to bid on more items as the probability with being filled on a large majority if your orders will be low.

It is not for everyone as it is not a consistent source of cashflow


so far thats what i been doing as it doesnt take me away from my silly miner isk flow. But its what i know for now. Ill look at high end implants. Any other recomendations?



Take a look at the faction ship market and moon minerals. They play off different forces but they are not hard to adjust to.
Felicity Love
Doomheim
#31 - 2013-07-24 01:34:01 UTC
... misses the good ol' days when "Thulium" would always manage to somehow work it's way into a thread like this. Blink

"EVE is dying." -- The Four Forum Trolls of the Apocalypse.   ( Pick four, any four. They all smell.  )
RubyPorto
RubysRhymes
#32 - 2013-07-24 02:54:12 UTC
Felicity Love wrote:
... misses the good ol' days when "Thulium" would always manage to somehow work it's way into a thread like this. Blink


...Thulium...

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Sabriz Adoudel
Move along there is nothing here
#33 - 2013-07-24 11:08:19 UTC
Rockenator wrote:
If I have the skill, is it wise to put in buy orders for a region or actually 10 jumps currently, assuming the goods will need to be picked up and brought to the trade hub eventually?


What will you do if someone sells to you from a lowsec station? Or a highsec island?

I do what you have said (10j wide trading) and I have worked out my answers to that question. But I can also rely upon my knowledge of which lowsec stations in the area are safe to fly an Iteron in to, which ones are not safe for an Iteron but are safe for a Gnosis (they hold a lot of cargo), which are not safe for a Gnosis but are safe for a triple warp core stabilized frigate, and which are not even safe to enter that way.

If in doubt, try it - but be willing to suffer a few losses alongside the profits you make.

I support the New Order and CODE. alliance. www.minerbumping.com
Daniel Plain
Doomheim
#34 - 2013-07-24 11:37:38 UTC
Ciyrine wrote:
whats an XML?

oh boy...

I should buy an Ishtar.
Ciyrine
Deep Core Mining Inc.
Caldari State
#35 - 2013-07-24 12:45:15 UTC
very cute daniel. Initially my brain was thinking XML .....extra large missile launcher? no that cant be right. What module is xml :)
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