These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

item selection
Author
Previous Topic Next Topic
Gladrielle
University of Caille
Gallente Federation
#1 - 2015-08-18 00:07:25 UTC
hello,
just a quick question ^^ do you station trade in lots of items ( one order by item) or just put lots of orders on few items and keep them at the top all the time?
goodlady Smith
TheCrazy88s
#2 - 2015-08-18 00:19:56 UTC
Gladrielle wrote:
hello,
just a quick question ^^ do you station trade in lots of items ( one order by item) or just put lots of orders on few items and keep them at the top all the time?


If your looking to trade quickly use multiples of orders so when people 1 isk you you can update your order using your next stack.
Can go between 2- 4 stacks of appropriate size.

For slower moving goods 1 stack is normally good.

Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles
Rilati Kansene
Monte Inc
#3 - 2015-08-18 00:38:43 UTC
You are limited only by:


  • The number of market slots your character(s) have - All relevant skills to V will get you 305
  • How much capital you have to throw around the marketplace (management of the Margin Trading skill gives some additional room to play here)
  • Just how many times you can lower/raise however many orders by 0.01 ISK in any given time period


The more of all the above you can personally manage, the more successful you will be at station trading.

Whether or not you do decide to use multiple market slots on the same item to allow you to get around the 5 minute order change cooldown and thus always keep at least one of your orders on top is totally up to you and the marketplace for whatever item you are talking about... If there are only two guys trading it, and the other guy is in a different timezone - obviously no need to waste the slot.
If there are a stack of guys currently 0.01isk'ing whatever item and you want to claim it as 'your' item - sure go with 10 orders on that one item and update that sucker /every/ 30 seconds.
...some advanced thinking around having many market slots on a single item to give other traders the impression that there is a lot of competition there just to keep some others out... but my thinking is that there are just too many people who have worked out how to build *that* spreadsheet that identifies items with the highest turnover with the greatest margin and will just pile on to the same item regardless without any further thinking or looking.

Personally I've only *actively* station traded for about a total of 2 or 3 hours in my entire career - found the routine of just constantly clicking on orders, mousewheeling up/down and repeating just the same action over and over and over was incredibly dull. Now, *passively* station trading (crunching numbers in the background, setting a stack of orders just once) was the far better way for *me* to station trade, hence only one market slot per item... and when done right, also only needs one sell or one buy order for the one item.
Sabriz Adoudel
Move along there is nothing here
#4 - 2015-08-18 01:01:17 UTC
I don't fight to stay as the best order outside of two situation:

1) I'm trying to demoralize another trader and get them out of a market
2) I'm of the belief that the short-term trajectory in price on the item is down, and I want it gone now.

Otherwise I log on, set orders, then check important orders again as I'm about to log off and during any dead time I have while logged in (e.g. if I'm ganking miners, during the period I'm criminal flagged).

I support the New Order and CODE. alliance. www.minerbumping.com
Star Killer14
Core World Imperium
#5 - 2015-08-18 04:34:27 UTC
I mostly manufacture but I do some trading on the side when I have the funds and I want to do something different. I mostly trade in items I am already buying for my production lines and use the extra I purchase to trade with. Doing this I have spotted several ideal times to enter to market for items, unfortunately I didn't have the isk to invest in it right then. However what I recommend is have several key areas you follow regularly and learn to recognize when they are about to rise or crash, this can lead to quick profits if you time it right

For example if I had bought this particular item two weeks ago I would be up about 15% right now. For many traders this wouldn't be the best use of funds but I have found it to be fairly consistent and profitable. I have not yet gotten my timing down perfect for this yet but once I do this would be a good way to make a quick isk.

Also as mentioned above I like having multiple orders running so if I am .01 isked I can move one of my other orders to the top. For buying I like 3-4 orders and selling 2-3, depending on daily volume, order sizes, market activity, and past experience with that item.

Hope that helps you.
Avi Shekelstien
Doomheim
#6 - 2015-08-18 08:44:42 UTC
Gladrielle wrote:
hello,
just a quick question ^^ do you station trade in lots of items ( one order by item) or just put lots of orders on few items and keep them at the top all the time?

Don't 0.1 increase by 000's until you get the item or the sale. It's not about the most profit it's about the profit you're happy with.
Gladrielle
University of Caille
Gallente Federation
#7 - 2015-08-18 10:52:15 UTC
Ty for the advice, I guess the best thing is update maybe 4-5 times a day not with 0,01 but enough to make me a profit after tax, won't I break the item profit for the future?
Darion Maken
Deep Core Mining Inc.
Caldari State
#8 - 2015-08-18 13:53:22 UTC
Gladrielle wrote:
Ty for the advice, I guess the best thing is update maybe 4-5 times a day not with 0,01 but enough to make me a profit after tax, won't I break the item profit for the future?


Uhmmm....no. I'd suggest you decide on what you want to invest in terms of time and then select your trading strategy, then the products you want to sell, and where you want to sell them.

Time invested: You stated 4-5 times a day of updating. Is this what you want or what you think you need? There are people that update continuously in Jita and the major hubs Amarr, Dodixie, Rens, and Hek. I suspect that continuous EVE order updating is an undiagnosed cause to some of the mass shootings we’ve seen over the last decade. Point is, if you are in very high volume markets, 4-5 times a day updating probably isn’t going to cut it unless your trading strategy is based on ‘trending’ or if you manufacture goods very cost effectively and want to do better than the current ‘buys’. So decide on a trading strategy that works in those high volume markets or avoid them and go to the smaller hubs or lesser traded items where price changes happen at 1/10 to 1/100 the speed.

Trading strategy: There are an almost infinite number of trading strategies. A few here admit to 0.01 ISKing. Most don't. There is the ‘product turn-over’ crowd…list at a price lower than the market is at, sell it fast and do it again. Less profit per sale but more sales. Then there are the trenders...I believe the product is in a trough, buy now, sell for a profit later. Another strategy is buy low at this hub, then transport and list at another hub (arbitrage). And so many more that I would have to write a book. What are you comfortable with? Are you long enough in the game to understand and anticipate trends? Are you a technical analyst such that you can use the stock market tools and science to trend? Can you haul? This takes away time from updating orders. Do your products have the margins to pay a hauler for you? Do you have the capital to practice turn-over.

Products & where: After you have the time you want to invest, the strategy you are comfortable with. Then select your products and where to sell them. Evernus, EVE central, Eve market data all are helpful in doing this. Knowing the number of orders, the amount sold per day, the swings in buy/sell pricing...all help in selection of products. Intimate with this is where you want to sell. Taking a super rare 5b item to a nowhere hub usually isn't a good strategy.

Hmmm….wrote too much and still just breezed over the concepts. My suggestion is to take some part of your money, try a strategy for a week. Then analyze, is it working, continue and increase, not working – pull it down and do something different. I used this method to start and in a matter of a couple of weeks had the strategy I’m comfortable with and can make me the billions I want.

Good luck.

Darion