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Station Trading in Jita vs trading less populated area
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Gregory Brunswick
Deep Core Mining Inc.
Caldari State
#1 - 2012-01-21 15:50:40 UTC
Hi guys. I am a fairly casual trader. On most days I will just will update once a day and I don't even have most of the trading skills. I only have trade 3 and retail level 4 that's it.

I was thinking that since I trade only once a day and don't participate int the .01 isk wars that I would benefit from moving to a less heavily populated trade hub, perhaps not even one of the major trade hubs. Instead of doing the .01 isk wars, I've been just riding the waves and avoiding what looks like bubbles. Most my isk is made during the weekend.

From doing my one update a day (maybe more on some weekends) I've been able to go from 568 million isk to 1,212 million isk over the span of one month.

Given my situation, would you feel that I'd benefit from moving to a less populated region to trade. Would I be able to make more or less or the same?
Tekota
The Freighter Factory
#2 - 2012-01-21 17:19:23 UTC  |  Edited by: Tekota
Firstly, if you've detailed the limit of your skills then I'd suggest putting a little time into Accounting and Broker Relations. Lack of these skills won't stop you trading in the meantime whilst they level, but they are worthwhile investments to 4, and indeed 5.

What's your cash flow like? Can you afford things going unsold for a few days, a few weeks?

Goods not selling, or not being able to buy via buy orders, are threats with two causes - one of these is being 0.01 isked by more online competition. You are correct in believing that smaller hubs will lessen this risk. The other cause of goods not selling or being buyable is that there simply doesn't exist the quantity of buyers and sellers you need. Smaller hubs will raise the risk of this - potentially substantially.

Personally I feel that larger hubs are fine. If you're picking products that require you to get in or out of a market quickly before a market shifts then you're probably picking the wrong items to trade in. Invest in goods you believe will likely have a neutral or moderately upward price swing and it doesn't matter if you get 0.01 isk'ed whilst you are away, the market see-saw will reach your orders at some point.

Otherwise go to smaller markets and whilst you'll find less 0.01 isk competition you'll also find less buyers and sellers.

None of this is to say that great profit and opportunity can't be found in smaller markets, just that lack of playtime shouldn't eliminate Jita and it's ilk from your thinking.
Big Dilznick
Brutor Tribe
Minmatar Republic
#3 - 2012-01-21 20:32:27 UTC
I would stay in a hub. It can be really difficult to fill your buy orders outside of the 5-6 big hub systems.

There's too much competition in Jita for a casual trader to make a living. You will get .01'ed out of much of your potential profits, especially at one update per day. So I wouldn't really consider that an option.

I would try Amarr and Rens and if they are still too competitive move down to Dodixie or Hek. If that's also too busy to make isk there you can try the tertiary hubs like Oursulaert and Motsu, but anything smaller than that size is sort of a waste of time.

I am curious what system you're currently in. In my opinion your returns with 1x per day updates have been pretty solid and changing systems might not improve your profitability.
Dracnys
#4 - 2012-01-21 22:20:20 UTC
A good trading method is reselling in low-populated regions.
Buy orders are really hard to fill outside of the main hubs, as the previous posters said, but selling is easy. Fly around New Eden and find a region with a good balance of population and prices. Check the prices for commonly used modules, especially T2 ones. Make out the regional hub and set up your shop. Buy modules in Jita (from sell orders, your profit comes from reselling) ship them yourself or use courier contracts. Sell your stuff, repeat. You'll need a little patience and you won't turn over everything within a day, but it's a safe and profitable method. In many hubs you can stay on top with a price update every few days.

Do some experiments what products sell fast and profitably and focus on a few items at first. Expand to more items once your capital increases.
Good luck!
Whiteknight03
Trilon Industries and Exploration
#5 - 2012-01-22 05:47:21 UTC
Dracnys wrote:
A good trading method is reselling in low-populated regions.
Buy orders are really hard to fill outside of the main hubs, as the previous posters said, but selling is easy. Fly around New Eden and find a region with a good balance of population and prices. Check the prices for commonly used modules, especially T2 ones. Make out the regional hub and set up your shop. Buy modules in Jita (from sell orders, your profit comes from reselling) ship them yourself or use courier contracts. Sell your stuff, repeat. You'll need a little patience and you won't turn over everything within a day, but it's a safe and profitable method. In many hubs you can stay on top with a price update every few days.

Do some experiments what products sell fast and profitably and focus on a few items at first. Expand to more items once your capital increases.
Good luck!


Don't use sell orders. Put up some buy orders and enjoy at least 10% more profit for a bit of extra work. Methinks someone is selling t2 mods in jita.
David Forge
GameOn Inc.
#6 - 2012-01-23 00:03:03 UTC
If he's trying to avoid too much updating it might be worth the small loss of extra profit in order to avoid handling two sets of open orders.