Market Discussions

After giving up once, I have decided to give trading another try.
First of all, to make things clear, I am NOT asking for items to trade, trade routes, or any other of your secrets.

All I want to know is how to: buy and sell, avoid/win 0.01 wars, and avoid traps that I, as a newb, am likely to fall for.
I usually find a nice item, look at the graphs, place a buy order, get 0.01'd by some bot/trader ever other minute.

I'd also like to know if it is possible to "logging in for 15 minutes ever day and make billions on the market" as I hear people brag about all the time.

And no, google were not able to give the answer.

P.S.: I also got an Orca for hauling.

Was far away from Jita. People still pointed and made fun of me as they added 0.02 to their buy order...

How do I find a place with no people that still has stuff on the market?
Are mission hubs like Motsu good places?

Stop being afraid of the Jita dragon and face it like a man. Hit me up in-game so we can help you craft the finest mithril armor and forge a powerful sword. Only with courage (and enough liquid ISK) will you be able to overcome your fears.

Jita for life

There's plenty of opportunity to make isk, even in the almighty Jita, without playing 0.01 games. Unfortunately they require knowledge, patience, and a bit of isk. Based on the OP, I conclude you have none of these things.

I thank you for that very usefull link. One question though, I did not clearly catch how to find a fitting station to sell stuff at. Is just the first station I dock at or should I maybe look for stations with more/less activity? (Once I know this, my 3 original questions have been answered, YAY).

You find a system without a major hub, first of all. The idea is to train up Marketing and Daytrading so you don't have to choose a fitting station. You could sit anywhere in the region and do your trading remotely.

To avoid the .01 is game I just set orders for max time over the region. I buy for a fair price that most if not all will wait untill said order is filled rather than trying to beat it and sell for a low price that does the same.

I also tend to sell in place this is not ideal for max return but it does give return over time and is steady. If you are going to play the buy as cheep as you can as close as you can so you can hall and then try to sell for the most be prepared to put alot of time into it.

I think I get like 5%-12% return. Sometimes less sometimes more. Keep in mind those that make billions norm don't have millions on the market making returns off 1000% + but rather they have a few hundred billion invested with low return.
2% of 100Bil is 2Bil after all.

Why is it generally assumed Jita is not newbie friendly?

And why is it generally assumed that you only go to Jita if you're prepared to play the 0.01 isk game?


Because in my, rarely humble, opinion - neither of these assumptions are correct.


A modicum of market knowledge, understanding and common sense is required in all markets - Jita does not require any more skill than others to work, you can lose your shirt, or make your fortune in all. Therefore, point one, Jita is just as newbie friendly as any other market (which may well be "not very", but that's beside the point).

Point two - after market knowledge, understanding and common sense the biggest hurdle the newbie trader has is cash flow. They can't bank roll long bets, they need their goods to shift so they can buy more stock. Just about everything will sell in Jita and sell fairly quick if priced keenly, it will sell quicker still if you are prepared to 0.01 isk. Now, in a backwater system things might take days or weeks to sell, and you can't speed that process by 0.01isking - there are either buyers and sellers around for your goods or there aren't - limited competion also generally implies limited customers. So point two - Jita is better when cash flow is a concern.

And point three - you don't have to 0.01 isk in Jita - 0.01isking is really only required when cash flow is a concern or if you're concerned you're on the wrong side of a coming market shift and need to buy/sell quick to get out (or in) a market sharpish. If cash flow is a concern such that 0.01isking is required then this option only really exists in quicker markets like Jita, and if you need to get in or out of a market quickly you're not going to be able to do that in a backwater system.



And finally, to answer the OP - yes it is possible to make billions by just logging in 15 minutes a day (or less). The caveat is that you need billions to begin with. If you've got 50b to play with and you've got some knowledge, understanding and common sense under your belt then you can make a couple of billion a month by logging in for just 15 minutes a month. You gain that knowledge and understanding by making millions logging in 15 minutes a day, then start making tens of millions logging in 15 minutes a day, then hundreds of millions.

I didn't see this answered yet:

With enough capital that certainly is possible, but I'm not sure how much would be needed. It also depends on how well you know markets and trading. And do you mean billions per day or per month?

I have currently 27 bil capital and while I do currently update my orders several times per day I believe I could make billions per month by just one update per day which would take some 30-60 minutes for me. (My knowledge about market and trading is still far worse than best traders so better traders would do much better with this amount of capital.)