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Station Trading?
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JonnyRandom
#1 - 2011-12-08 17:36:34 UTC
I've heard this phrase mentioned several times, and usually it's in the context of how you can make billions of isk never leaving a single station. So I assume station trading means setting up buy orders for a low price in one station, and then selling what you got on sell orders for higher price, still at the same station? Is that correct?
cigarellos
#2 - 2011-12-08 17:43:07 UTC
Yes. Buy low, sell high.

-cig
Kraspymtimo
Metro Mining Core
#3 - 2011-12-08 17:47:52 UTC
Technically it's buy high, sell low. Because the markets are both separate and your aim is to find a particular product that has a good volume of transactions per day (It's bought and sold often) and has a good price margin (Difference in price between high orders and sell orders) The idea is if you have the high buy order, any quick sales will go directly to you. You then sell at the lowest price so then when someone quick buys, they buy it from you. Simples.
Robert Davis
Center for Advanced Studies
Gallente Federation
#4 - 2011-12-08 18:24:48 UTC
TROLOLOLOL

honestly i'm not sure about this one, but I do believe you can train skills to set up buy and sell orders over almost an entire region. I've been doing the buy ore sell minerals game so I have to actually pick up inventory but realistically you could just buy the low sell orders for people who want to quickly offload, set up a courier contract to move it to a different part of the region, and then sell it for the better prices on the other side. Its basically impossible to make money on the market if you only trade in station.
Chantelise
#5 - 2011-12-08 18:37:37 UTC
Robert Davis wrote:
TROLOLOLOL

honestly i'm not sure about this one, but I do believe you can train skills to set up buy and sell orders over almost an entire region. I've been doing the buy ore sell minerals game so I have to actually pick up inventory but realistically you could just buy the low sell orders for people who want to quickly offload, set up a courier contract to move it to a different part of the region, and then sell it for the better prices on the other side. Its basically impossible to make money on the market if you only trade in station.


Jita says hi.
Ave Volta
Perkone
Caldari State
#6 - 2011-12-08 18:57:20 UTC
Robert Davis wrote:
Its basically impossible to make money on the market if you only trade in station.


haha

Black Frog Logistics - Lowsec/Nullsec Logistics Services. Join ingame channel 'Black Frog' for more info.
cigarellos
#7 - 2011-12-08 19:37:17 UTC
Robert Davis wrote:
Its basically impossible to make money on the market if you only trade in station.


Shocked
Mantra Achura
Stammtisch
#8 - 2011-12-08 19:41:36 UTC
Robert Davis wrote:

Its basically impossible to make money on the market if you only trade in station.


I'm doing about 750 mill a day in average with station trading in Jita, sometinmes even more.

Two examples:
- Speculation: the oxygen isotope spike made me 7 bill in one day.
- Fast trading: trading PLEX with 1% margin is enough to earn at least 250 mill in 5 hours

That's good enough imo...
Mnengli Noiliffe
Doomheim
#9 - 2011-12-09 06:37:09 UTC  |  Edited by: Mnengli Noiliffe
it should work if you have a huge capital to invest, so even a few % of the price difference would mean lots of isk.

however you have to babysit tens if not hundreds of orders all the time so it's a full time job.

oh and you also need perfect standings to save on taxes...
Ujagar Sommdax
Aliastra
Gallente Federation
#10 - 2011-12-09 14:29:56 UTC
If youre new and low on liquid funds to put into buy orders, look for cheap named items and move them to mission hubs. Hardeners, shield extenders. Later get into t2 reselling. Will earn u some quick millions and u can start station trading in jita and other trade hubs Idea
Darth Bri
Maniaci Dello Spazio
#11 - 2011-12-09 16:37:25 UTC  |  Edited by: Darth Bri
Robert Davis wrote:
Its basically impossible to make money on the market if you only trade in station.




I endorse this statement and thank you for saying it
OllieNorth
Recidivists Incorporated
#12 - 2011-12-09 16:42:35 UTC
I love that transcendent moment when someone posts something stupendously wrong. It reaffirms my faith in humanity.
JonnyRandom
#13 - 2011-12-09 17:50:16 UTC
Are there any station trading guides out there? I mean it sounds so basic what to do, but I'm sure there are lots of technicalities and subtleties to this art that would be nice to know.
Commander Flasheart
Pandemic Horde Inc.
Pandemic Horde
#14 - 2011-12-09 19:49:17 UTC
There's a great couple of guides that I used to get going, Incy's youtube videos are good:

http://www.youtube.com/watch?v=meE6HaJ7TEs

Also if I remember correctly the information in Evelopedia on the trading section covers it. If you do a quick search for "eve station trading guide" there's a wealth of information.

It makes me slightly sad reading people saying "it's basically impossible to make money from station trading" because it simply isn't true.

On this character I set myself a couple of rules, I gave him 5 million to start with, then restricted myself to only being allowed to buy skills with money from the trading pot, never leave the station, and his skill up time came secondary to my main character. That was in July and I passed the 1 Billion mark a couple of days ago. Not an incredible rate of return, but for a character I log on to for 10 mins when I get in from work, then 10 mins before I go to bed, it's not too bad. And no, I'm not based in Jita, too much competition for my liking. The point is, it may take a while, but you can indeed make a lot of money without ever undocking.
Mantra Achura
Stammtisch
#15 - 2011-12-09 20:35:46 UTC
If you chars don't have appropriate trading skills and standings, just try other trading hubs except Jita. Less competition means higher margins and allows a much more relaxed trading style...
Florestan Bronstein
Ministry of War
Amarr Empire
#16 - 2011-12-09 22:48:29 UTC
Mnengli Noiliffe wrote:

however you have to babysit tens if not hundreds of orders all the time so it's a full time job.

because prices never change during the day/week, right?
Shar Tegral
#17 - 2011-12-09 22:52:33 UTC
The closest I've ever come to being a station trader is staying in one region and working various stations remotely.
I just love flying around too much to actually never undock.
Selinate
#18 - 2011-12-10 01:07:36 UTC
One of the things that never gets mentioned in threads like this is the simple fact that the amount of isk you can make in trading depends on the isk you have. Yes, people can make billions in a day just doing station trading. However, I'd be willing to bet that they have a bit more isk to invest and make this sort of money than... say... a 2 or 3 month old character with 300 mil in his/her account.

Depends, though. I made about a hundred mil a few days ago trading artillery, and I think I invested about 200-300 mil in it.
kla samon
Center for Advanced Studies
Gallente Federation
#19 - 2011-12-10 14:14:39 UTC
You don't need a guide and it's really really really simple. Sure there are a few trick of the trade but there is nothing secret to the basics of station trading.

There are only 2 important things to pay attention to. The the spread between the buy and the sell price and the daily volume of whatever item you are looking at.

If the spread between the the buy and sell is greater than your transaction cost you have yourself a profit.
If the an item turns over rapidly and the above is still true you have yourself a really good profit.

Your profit is a function between those two things. Everything else is window dressing and related to these two things.

Start with 1 item and see how easy it is. Then add more as you go along. Once yer skills are maxed you should have no problem turning 1 mil to 100 in a week and then 100 to 250 in a day etc.

Accounting, Broker Relation, and Margin Trading are your friends.



It's really really easy and it's really really boring. It's mining with 100x the profit but no pretty colors.
JonnyRandom
#20 - 2011-12-10 15:21:54 UTC
Should I be looking for items that have a better profit margin or those that have a much greater volume?

And I also seem to come across a lot of items that are either never sold to buy orders or never bought from sell orders =/
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