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If one of you mega rich traders quits the game....

First post
Author
Diesel47
Deep Core Mining Inc.
Caldari State
#1 - 2013-07-28 19:35:22 UTC
Can you teach me all your secrets?

No reason to take them to the grave right? Lol
Tonsof Gun
Dirty Rats
#2 - 2013-07-28 19:45:33 UTC
The number one secret is hard work and finding things out on your own, so you actually understand them.

[u].[/u]

Diesel47
Deep Core Mining Inc.
Caldari State
#3 - 2013-07-28 19:52:49 UTC
Tonsof Gun wrote:
The number one secret is hard work and finding things out on your own, so you actually understand them.


I'm trying. I just don't want to lose the little money I have on some experiment gone wrong.
okoolos rimmer
Napkin Nation
#4 - 2013-07-28 19:56:14 UTC
3 secrets I can pass along:

1) buy low sell high
2) spreadsheets
3) ....yet more spreadsheets
Diesel47
Deep Core Mining Inc.
Caldari State
#5 - 2013-07-28 20:01:08 UTC
okoolos rimmer wrote:
3 secrets I can pass along:

1) buy low sell high
2) spreadsheets
3) ....yet more spreadsheets


Lol, not really secrets but okay.
flakeys
Doomheim
#6 - 2013-07-28 20:46:06 UTC
Diesel47 wrote:
Tonsof Gun wrote:
The number one secret is hard work and finding things out on your own, so you actually understand them.


I'm trying. I just don't want to lose the little money I have on some experiment gone wrong.



If i would be an active trader and i would hand you a list of my top 10 items to buy/sell or manufacture before i leave.Guess how long you can enjoy making profit of that list while having totally no clue why that list is as it is , how the markets work and especially how competition works?


You want to know the secret to trade , don't be a follower but find your own path.It is why so many fail to stick to trade .

We are all born ignorant, but one must work hard to remain stupid.

Diesel47
Deep Core Mining Inc.
Caldari State
#7 - 2013-07-28 20:51:12 UTC  |  Edited by: Diesel47
flakeys wrote:
Diesel47 wrote:
Tonsof Gun wrote:
The number one secret is hard work and finding things out on your own, so you actually understand them.


I'm trying. I just don't want to lose the little money I have on some experiment gone wrong.



If i would be an active trader and i would hand you a list of my top 10 items to buy/sell or manufacture before i leave.Guess how long you can enjoy making profit of that list while having totally no clue why that list is as it is , how the markets work and especially how competition works?


You want to know the secret to trade , don't be a follower but find your own path.It is why so many fail to stick to trade .


I'd rather know how the markets work and how competition works, not the top 10 items that will probably change later..

Still trying though, not really waiting for somebody to tell me what to do. The thread was more of a joke ^.^
okoolos rimmer
Napkin Nation
#8 - 2013-07-28 20:58:47 UTC
If you want the basics, pick up a beginner economics book .. markets in EVE work on similar rules as real markets do.

Eve Mogul
Center for Advanced Studies
Gallente Federation
#9 - 2013-07-28 21:52:18 UTC
  • Rule/concept 1: when looking for a market, go where the people are. You need a customer base and I'm not necessarily talking about the major hubs;

  • Rule/concept 2: have a look at what all the people you've located from point 1 are doing. They'll need 'stuff/items/whatever' to do what they do, so start by stocking what they need - and remember that if they're doing it away from a main hub that they'll often pay a premium;

  • Rule/concept 3: there's a whole host of ways to buy the items cheap, but if you locate a suitable area using the two broad points above then you can likely just buy your stock of items from a main market hub and still do extremely well.


Of course there's finer points to getting it so that you've got a mass cash-printing market operation, and of course there's also other ways to approach the market, but start with the above and see how you go.

Inter-Regional Trading Basics : http://evemogul.info

Daily market tweets : https://twitter.com/EveMogul

Eve Trading Videos - Starring... me! : http://www.youtube.com/user/evemogul

mynnna
State War Academy
Caldari State
#10 - 2013-07-28 22:26:17 UTC
The secret, or a secret anyway, is to simply know everything about everything in the game. It's very easy to predict how markets will move then. Blink

Member of the Goonswarm Economic Warfare Cabal

Lara Dantreb
Reisende des Schwarzschild Grenze
#11 - 2013-07-28 23:30:09 UTC
If you don't mind spending your time in 0.01 wars (sometime against bots), then trading is for you. Otherwise, let's say it's stupidly time consuming and even more boring than mining

---   Buying T2 ship bpos since 2005  ---

Eve Mogul
Center for Advanced Studies
Gallente Federation
#12 - 2013-07-29 02:19:09 UTC
Lara Dantreb wrote:
If you don't mind spending your time in 0.01 wars (sometime against bots), then trading is for you. Otherwise, let's say it's stupidly time consuming and even more boring than mining


Lara generally speaking I'm going to disagree. There are enough alternative trading strategies that you simply don't need to get stuck in 0.01 isk wars at all. As soon as you start trading outside of the main market hubs the 0.01 isk issue drops dramatically.

Anything that makes BIG isk in Eve usually takes time and effort to get setup right, but the brilliant thing with trading (which also takes time and effort to set up a decent base) is that if you set it up right you can go away from the game for days and even weeks without logging in and find that your account balance has gone up by 9 or 10 figure amounts. And at that point it's not boring as you're off doing whatever else pushes your buttons anyway and still getting paid. And I don't know of any other isk making strategy in Eve that does that.

In fact I sometimes wonder why every single subscriber to Eve isn't trading the markets... lol

Inter-Regional Trading Basics : http://evemogul.info

Daily market tweets : https://twitter.com/EveMogul

Eve Trading Videos - Starring... me! : http://www.youtube.com/user/evemogul

Aurenas Uitoh
State War Academy
Caldari State
#13 - 2013-07-29 07:02:56 UTC  |  Edited by: Aurenas Uitoh
I started 2013.07.06 with a 21 day trial + 5 dollar starter pack and was given 100m to play with by a friend on 2013.07.12. This brought me to a total of about 130m, 15m of which I used to outfit a Caracal (I was under the impression I was going to run missions). I then decided to go big - I'd just invest it in the market and make back my money. Note that I had no prior experience with this - I have never traded in EVE, but I did some reading on the eve-uni site about how to read the price history graph and other stuff - honestly most of it's ******* worthless because it's just rich people generalising about how they became rich, but the price history graph stuff, that's gold. You want to read that.

Anyway, it's been like 17 days since I started trading with ~115m and I now have around 900m (no idea how much I ACTUALLY have because I'm a ****** and Margin Trading means I don't know exact amounts). Needless to say, I'm not going to need to pay for the game with money any time soon. You don't need to be a spreadsheet pro or any of that ****, all you need to know is how to read the price history graph, see what the goods are buying/selling for, and evaluate whether it's worth trading in.

Protip: If you're going to dive into the market, be aware that you will make mistakes as you start. I'd highly recommend trading in cheap high volume items to start off, because if you invest 200m into faction items that shift 1 item a day then your entire capital is going to be tied up and useless all because you couldn't read a graph.

I guess the point of this post is "if you want to start trading, just ******* start". Like everything in EVE, so it goes.
Vaerah Vahrokha
Vahrokh Consulting
#14 - 2013-07-29 12:19:38 UTC
Diesel47 wrote:
Can you teach me all your secrets?

No reason to take them to the grave right? Lol


No need, in my case all it's all written here, free for all.
Diesel47
Deep Core Mining Inc.
Caldari State
#15 - 2013-07-29 12:28:47 UTC
The price history graph...

What does it exactly represent? The data of an item in the station you are in? The solar system? The region?


For example, I'm looking at a sabre, and the green bars at the bottom that indicate how many have been sold is about 1 or 2 a day. Is that in the station?
Lara Dantreb
Reisende des Schwarzschild Grenze
#16 - 2013-07-29 12:40:35 UTC
Eve Mogul wrote:
Lara Dantreb wrote:
If you don't mind spending your time in 0.01 wars (sometime against bots), then trading is for you. Otherwise, let's say it's stupidly time consuming and even more boring than mining


Lara generally speaking I'm going to disagree. There are enough alternative trading strategies that you simply don't need to get stuck in 0.01 isk wars at all. As soon as you start trading outside of the main market hubs the 0.01 isk issue drops dramatically.

Anything that makes BIG isk in Eve usually takes time and effort to get setup right, but the brilliant thing with trading (which also takes time and effort to set up a decent base) is that if you set it up right you can go away from the game for days and even weeks without logging in and find that your account balance has gone up by 9 or 10 figure amounts. And at that point it's not boring as you're off doing whatever else pushes your buttons anyway and still getting paid. And I don't know of any other isk making strategy in Eve that does that.

In fact I sometimes wonder why every single subscriber to Eve isn't trading the markets... lol


Thank you for your input, which makes sense, you are smarter and more patient than I am. +1

---   Buying T2 ship bpos since 2005  ---

Ruvin
Amarr Empire
#17 - 2013-07-29 13:30:02 UTC
Sinq Laison eveuni classes , loads of the info youre looking .

Also he often buys "ideas" or used to atleast for huge money from creative people some of them were actually great . Anyway thats a start .

Opportunities multiply as they are seized.

Jdestars
Stars Research systems Incorporation
#18 - 2013-07-29 15:13:57 UTC  |  Edited by: Jdestars
- Have brain : Observe and analyze the behavior of markets and players
- Knowledge of mechanical Game / mathematical
- Read PatchNotes & devblog ( information are good source )

-Skill in Irl Market help too ( eg how read graphic )

- have initiat cashflow

and finaly dont forget that whose have the stockcontroll pils of item can be fixe the median selling price orders and disturb external damnedsmacro tools Blink
flakeys
Doomheim
#19 - 2013-07-29 18:57:36 UTC  |  Edited by: flakeys
mynnna wrote:
The secret, or a secret anyway, is to simply know everything about everything in the game. It's very easy to predict how markets will move then. Blink



Owww screw that , i know nothing about everything and i managed fine . Sure i ain't a trillionaire but also screw that it pays for more then the bills so fine enough.


Trade is not as hard as people make it out to be , at least not the normal trade wich can still net you a good sum of isk , biggest problem is that it does take dedication at the start.
Basically it is utterly boring after a week ... and then when you stick to it it becomes interesting and fun again.Well up until a certain point where you have more then you need where it becomes poinless again and you wonder why the hell your updating your orders one day and just cancel all the orders Blink .

Edit:Offcourse usually the blood flows where it can so you'll find yourself picking up the trade business every now and then.Then after a month or 3 you find out again what the reason was you gave it up in the first place.Quit the trade and after a month or 6 repeat the same process.

Jdestars wrote:


Skill in Irl Market help too




I'm allready happy i know how to use my online banking system ..... Lol

We are all born ignorant, but one must work hard to remain stupid.

mynnna
State War Academy
Caldari State
#20 - 2013-07-29 19:00:55 UTC
Only said it was a path, not the path. Those who know nothing can make plenty on the market, it's true. Gevlon is proof of that, if nothing else.

Member of the Goonswarm Economic Warfare Cabal

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