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!

Update #6 - Right on time

After a bit of a rant last time about losing tonnes of isk from my mining alt this awesome DevBlog comes along to cheer me up :)

Finally, oh finally learning skills are going the way of the white rhino (sorry I just learned today that they are going extinct). This is so sweet, all the time i spent on learning skills for my main will get reinvested into some other areas that will actually do something useful! and also on my alt i will be able to use these skill points and wont have to buy that extra plex i was talking about.

By cutting out some of the less useful ore processing skills from the plan i have now got it down to around 75 days. The account currently has 72 days left so I will be able to spend the learning SP on exhumers 5 and get the plan to around 72 days (hopefully). Im not sure how much time the extra attributes will cut off the plan but the extra points will up all my attributes by over 50% which is considerable and I may even be able to put those ore processing skills back in!