Station Trading 101 - Your first Billion

Doggfather san · 04-23-2012, 11:53 PM

Hi Guys,

If you have not read my blog before I am not surprises at all. Why would you right?

Well I made my first billion within 6 weeks. While many have done it quicker, there are also many who still havent reached that magic 1,000 million mark.

I made my money from scratch, without any prior knowledge, simply through Station Trading. Because of this I have made a blog to educate some of you in Station Trading and hopefully some of you will walk away with the knowledge that selling something for 0.01 isk lower is just as effective as undercutting a 1m item by 1k.

Check out my blog @ http://420enterprises.weebly.com

DarKcom · 04-24-2012, 06:34 AM

Well I put the 185mil I had from missions in to the market and not seeing much movement. 2 days in my net still seems to be about 180mil if I sold everything and cancelled buy orders.
The only things that seem to move are drones and ammo etc but 150k+300k for two lots of drones is still absolutely terrible income compared to say missioning where a single NPC would give you 70-120k for free, + loot + mission rewards end up being 10-20x more per minute.

Not sure if this is because I'm in Amarr instead of Jita but I expected it to be somewhat decent.

What am I doing wrong?

arron1718 · 04-24-2012, 02:17 PM

buy cheap in 1 region and sell in other regions where the price is high
use http://eve-marketdata.com/ to compare prices in regions to see where to buy and sell

some items you can buy for a few mill cheaper if you dont mind the jumps, then head back to jita and sell at a profit

Shinkenshi · 04-24-2012, 03:39 PM

I spent a few days on station trading in Jita and basically gave up after that. The problem is someone will always nickel and dime you and undercut you by a cent or 2, requiring you to be there all the time instead of freeing up time to do other stuff.

Don't get me wrong, when you have low skills and low cashflow it's a great way to get you started, but once I got to 50m it felt to me like I could make more doing missions rather than just sitting there.

The name of the game is high volume trade for low per-item margin, but I guess I just found it to be too boring monitoring the market all the time even if it is possibly making me isk faster

T@T-2-MoNk3y · 04-26-2012, 11:46 AM

after a while a billion just becomes another contract accepted...

http://i.imgur.com/B9uq6.jpg

Doggfather san · 04-27-2012, 04:42 AM

DarKom, you should have made at least 25% return on your money.

With places like Amarr you are better off trading things which are used for missions alot. Ammo, Ships etc.

You have to go through the Price History to determine which products move a lot. Obviously the more expensive the less often they have to move. Having said that if an item moves 5 times a day don't expect to make profit off it very quickly, if at all.

DarKcom · 04-28-2012, 02:56 AM

I think I made about 25m, with my 180mil capital in Jita and Amarr over... 5~ days.
Five days I made 25mil. Can make that in one day of lvl3s.

It doesn't matter how much money you have or how many items I invest in because even if I 0.01isk my way on to the top every 4 minutes, orders simply don't fill fast enough.

Maybe I just haven't found enough 'miracle items', but I've given up finding them myself.

Doggfather san · 04-28-2012, 03:17 AM

Quote:

Originally Posted by DarKcom

I think I made about 25m, with my 180mil capital in Jita and Amarr over... 5~ days.
Five days I made 25mil. Can make that in one day of lvl3s.

It doesn't matter how much money you have or how many items I invest in because even if I 0.01isk my way on to the top every 4 minutes, orders simply don't fill fast enough.

Maybe I just haven't found enough 'miracle items', but I've given up finding them myself.

Yes I agree orders don't fill fast enough. With your capital I advise to start trading Tier 2 items.

To overcome orders not filling you should train to Wholesale. This gives you over 100 orders at level 5. Trust me.... they fill

Doggfather san · 04-28-2012, 03:31 AM

As a weekend present to you all....

Here is a hot item to trade at the moment, in Jita, despite Burn Jita being on.

OE-5200 Rocket Launcher. The profit margin isn't huge but these move like hotcakes.

We also just uploaded Burn Jita pics @ http://420enterprises.weebly.com

Doggfather san · 05-11-2012, 04:30 AM

We have uploaded a new Blog post.

I guarantee you'll double the current money you have invested in the market within days.

Also check in soon for an Exploration Guide

Gruber · 05-11-2012, 11:56 AM

Thanks for the tips bro.

FenrirGW · 05-15-2012, 11:30 AM

Gotta say, I've been giving station trading a go over these past few days (college work + waiting for ships to be moved to 0.0...figured I may as well try it out)...

Hot damn..

Started off investing 30mil in to buy orders. 3 days later, I've now made 100 mil profit, with an extra 200mil+ potential profit from sell orders, and invested 300mil+ more in to buy orders

Excited to see what that 300mil has turned in to in another 3 days time.

DarKcom · 05-16-2012, 09:04 PM

I managed to increase from 50mil to 200mil but it took me about 7 days, not 3. What magic items were you trading at 50%+ profit margins?

arron1718 · 05-17-2012, 07:23 AM

only 50% ?
I build certain items for 7k and sell for 50k, no idea what margin that is

@dark you need to move items around regions to find the best buy/sell prices

1 region you could find a frigate on sale for 200k, travel a few jumps to another region and it can be on sale for 350k, 150k profit per ship

it takes time, but is worth it

or you could just mine pyro

04-23-2012, 11:53 PM	#1
Doggfather san Join Date: Apr 2012 Reputation: 0 Posts: 5	Station Trading 101 - Your first Billion Hi Guys, If you have not read my blog before I am not surprises at all. Why would you right? Well I made my first billion within 6 weeks. While many have done it quicker, there are also many who still havent reached that magic 1,000 million mark. I made my money from scratch, without any prior knowledge, simply through Station Trading. Because of this I have made a blog to educate some of you in Station Trading and hopefully some of you will walk away with the knowledge that selling something for 0.01 isk lower is just as effective as undercutting a 1m item by 1k. Check out my blog @ http://420enterprises.weebly.com

04-24-2012, 06:34 AM	#2
DarKcom Total War Series Moderator Join Date: Apr 2010 Reputation: 105 Posts: 439	Well I put the 185mil I had from missions in to the market and not seeing much movement. 2 days in my net still seems to be about 180mil if I sold everything and cancelled buy orders. The only things that seem to move are drones and ammo etc but 150k+300k for two lots of drones is still absolutely terrible income compared to say missioning where a single NPC would give you 70-120k for free, + loot + mission rewards end up being 10-20x more per minute. Not sure if this is because I'm in Amarr instead of Jita but I expected it to be somewhat decent. What am I doing wrong? Last edited by DarKcom: 04-24-2012 at 11:01 AM.

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04-24-2012, 02:17 PM	#3
arron1718 Join Date: Aug 2011 Reputation: 11 Posts: 259	buy cheap in 1 region and sell in other regions where the price is high use http://eve-marketdata.com/ to compare prices in regions to see where to buy and sell some items you can buy for a few mill cheaper if you dont mind the jumps, then head back to jita and sell at a profit

04-24-2012, 03:39 PM	#4
Shinkenshi Join Date: Jan 2012 Reputation: 0 Posts: 20	I spent a few days on station trading in Jita and basically gave up after that. The problem is someone will always nickel and dime you and undercut you by a cent or 2, requiring you to be there all the time instead of freeing up time to do other stuff. Don't get me wrong, when you have low skills and low cashflow it's a great way to get you started, but once I got to 50m it felt to me like I could make more doing missions rather than just sitting there. The name of the game is high volume trade for low per-item margin, but I guess I just found it to be too boring monitoring the market all the time even if it is possibly making me isk faster

04-26-2012, 11:46 AM	#5
T@T-2-MoNk3y Join Date: Mar 2005 Reputation: 5827 Posts: 8,751	after a while a billion just becomes another contract accepted... http://i.imgur.com/B9uq6.jpg

04-27-2012, 04:42 AM	#6
Doggfather san Join Date: Apr 2012 Reputation: 0 Posts: 5	DarKom, you should have made at least 25% return on your money. With places like Amarr you are better off trading things which are used for missions alot. Ammo, Ships etc. You have to go through the Price History to determine which products move a lot. Obviously the more expensive the less often they have to move. Having said that if an item moves 5 times a day don't expect to make profit off it very quickly, if at all.

04-28-2012, 02:56 AM	#7
DarKcom Total War Series Moderator Join Date: Apr 2010 Reputation: 105 Posts: 439	I think I made about 25m, with my 180mil capital in Jita and Amarr over... 5~ days. Five days I made 25mil. Can make that in one day of lvl3s. It doesn't matter how much money you have or how many items I invest in because even if I 0.01isk my way on to the top every 4 minutes, orders simply don't fill fast enough. Maybe I just haven't found enough 'miracle items', but I've given up finding them myself.

04-28-2012, 03:31 AM	#9
Doggfather san Join Date: Apr 2012 Reputation: 0 Posts: 5	As a weekend present to you all.... Here is a hot item to trade at the moment, in Jita, despite Burn Jita being on. OE-5200 Rocket Launcher. The profit margin isn't huge but these move like hotcakes. We also just uploaded Burn Jita pics @ http://420enterprises.weebly.com

05-11-2012, 04:30 AM	#10
Doggfather san Join Date: Apr 2012 Reputation: 0 Posts: 5	We have uploaded a new Blog post. I guarantee you'll double the current money you have invested in the market within days. Also check in soon for an Exploration Guide

05-11-2012, 11:56 AM	#11
Gruber Join Date: Jul 2010 Reputation: 21 Posts: 334	Thanks for the tips bro.

05-15-2012, 11:30 AM	#12
FenrirGW Join Date: Dec 2011 Reputation: 4 Posts: 34	Gotta say, I've been giving station trading a go over these past few days (college work + waiting for ships to be moved to 0.0...figured I may as well try it out)... Hot damn.. Started off investing 30mil in to buy orders. 3 days later, I've now made 100 mil profit, with an extra 200mil+ potential profit from sell orders, and invested 300mil+ more in to buy orders Excited to see what that 300mil has turned in to in another 3 days time.

05-16-2012, 09:04 PM	#13
DarKcom Total War Series Moderator Join Date: Apr 2010 Reputation: 105 Posts: 439	I managed to increase from 50mil to 200mil but it took me about 7 days, not 3. What magic items were you trading at 50%+ profit margins?

05-17-2012, 07:23 AM	#14
arron1718 Join Date: Aug 2011 Reputation: 11 Posts: 259	only 50% ? I build certain items for 7k and sell for 50k, no idea what margin that is @dark you need to move items around regions to find the best buy/sell prices 1 region you could find a frigate on sale for 200k, travel a few jumps to another region and it can be on sale for 350k, 150k profit per ship it takes time, but is worth it or you could just mine pyro