Trading - its not as fun as i thought.

Ok so yeah i did make a bit of money off trading. I turned 50 mill into over 150mill. But what i have figured out is all that small profit margin trading stuff is of the queer persuasion. I like the solid deals where i can buy something and turn straight back around and sell it. for more.

I recently fond a great set of trade systems. In on the raven was selling for pretty low price. In the other the raven was selling for a lot higher price. The beauty of this spot is that the two systems are in different regions so you cant see that you are getting ripped off without doing a bit of research.

So i bought a couple of ravens, made the 5 jumps necessary to get to the other system, put up a sell order and bam! I had made over 15mill per ship :D

I am going to stop doing the small margin trading stuff and only do some trading when I find a good deal like this one. Its funny, a lot of isk can be made from people too lazy to travel a few jumps to get something cheaper.

Ok so here are the skills you should train up if you are going to get right into trading.

Marketing  allows to setup remote sell orders.
Procurement allows to setup remote buy orders
Daytrading  allows to change orders remotely
Visibility  increases maximal effective range of buy orders

The ranges for the above 4 skills:

• level 0: limited to current station
• level 1: anywhere within current solar system
• level 2: 5 jumps
• level 3: 10 jumps
• level 4: 20 jumps
• level 5: entire region
  

Trade +4 additional orders per level.
Retail +8 additional orders per level.
Wholesale +16 additional orders per level.
Tycoon +32 additional orders per level.

max = 305 order

Accounting reduces default tax rate for 10% per level from 1% to 0.5% at level 5
Broker Relations  reduces broker fee for 5% per level from 1% to 0.75% at level 5
Margin Trading – decreases amount of ISK you have to place in buy orders. values are:

• level 0: 100%
• level 1: 75%
• level 2: 56.25%
• level 3: 42.18%
• level 4: 31.64%
• level 5: 23.73%

Good luck with your trading!

Trading: its fun :)

you know i never really got into trading in the past but right now i dont feel like scanning for plexes or anything because its hot weather and im always at the beach. So instead i spend a few minutes a day doing some trading and in about one day i made 23mill :) Yes its not the big bucks but its actually fun.

Im still way new too this but so far its going well. One thing ive learnt is buy low sell high. So keeping this in mind i went out and bought 4 drakes for 26 999 999. The next lowest sell order was 29 980 000. I then turned straight back around and put my own sell order up at 29 900 000! Now sprinkle with magic dust, bake at 180 degrees for a couple of hours and you've made 5.8mill.

Someone else had then made a lower sell order than mine over night of 29 899 999. I thought 1 isk wars only happened in jita! No sweat though I just changed my sell order to 29 800 000 so they would think twice about going lower than me again and wait another couple of hours and bam! you got around 11mill.

This is really beginner stuff but it was a bit of a gamble spending 108mill on the ships in the first place. Now that it worked im going to look into some other items see where else i can make some isk.

If you have any tips for a wannabe trader, please let me know in the comments section. Otherwise ill just keep stumbling forwards and hopefully find my way to the pot of gold under the rainbow.

Till that happens,
Fly Safe,
Serneity one