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blankseplocked What item(s) should aspiring traders avoid?
 
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Dynast
Osirians Of Eve
Curatores Veritatis Alliance
Posted - 2009.08.27 23:18:00 - [1]
 

What items are so heavily competed, chronically manipulated, or otherwise frustrating to trade in that new traders would be well advised to steer clear?

W3370Pi4
Lamb Federation Navy
Posted - 2009.08.27 23:26:00 - [2]
 

why would anyone advise you on that , this is market research material , smart people dont usually share that

Saint Germain
The Orthography Commandos
Posted - 2009.08.27 23:51:00 - [3]
 

Steer clear of exotic dancers & holoreels, or you might go blind.

Victor Michaelle
Gallente
Posted - 2009.08.27 23:53:00 - [4]
 

Originally by: Saint Germain
Steer clear of exotic dancers & holoreels, or you might go blind.


A good Occular Filter will fix that.

Ji Sama
Caldari
Tash-Murkon Prime Industries
Posted - 2009.08.28 00:02:00 - [5]
 

Edited by: Ji Sama on 28/08/2009 00:05:07
meta 4 items and tier 2 items, are the most competed items :)
minerals, ice and salvage etc, is also heavy on the competetion.

but then again, the best turn over is in these items.


edit: forgot implants +3/+4/+5's etc... and ships its frustrating trading in ships if you have to move them yourself!

unless you just station trade ofc.

Dynast
Osirians Of Eve
Curatores Veritatis Alliance
Posted - 2009.08.28 00:03:00 - [6]
 

Edited by: Dynast on 28/08/2009 00:03:23
Originally by: W3370Pi4
why would anyone advise you on that , this is market research material , smart people dont usually share that


Because the cost to them is minimal or nonexistant? Certainly, asking what items are or have been particularly profitable would be rather silly, because divulging such information stands to cost pretty much anyone who does so. In contrast, the greatest potential cost of warning someone away from particularly bad market segments is the possibility that they will move on to your segment. Well.. unless you're in the process of carrying out a manipulation I suppose.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2009.08.28 00:04:00 - [7]
 

Avoid expensive items that sit in orders of days to no end.

Kalrand
GoonWaffe
Goonswarm Federation
Posted - 2009.08.28 00:04:00 - [8]
 

Avoid newly issued stocks and bonds on this board. The "secure" ones are expensive for the return you get.

The normal ones are largely scams.

Karanth
Gallente
RONA Corporation
RONA Directorate
Posted - 2009.08.28 01:31:00 - [9]
 

Many NPC goods are something you should ignore for the most part. Ones used for producing stuff or POS fuel can be, but things like Tobacco or Dairy Products tend to be not worth the effort.

A good deal of rigs are also fairly worthless as they tend to be useless compared to the penalty on them, like most drone rigs.


Kalrand
GoonWaffe
Goonswarm Federation
Posted - 2009.08.28 01:38:00 - [10]
 

Fly skillbooks to jita.
Fly the ones that have ****ed up margins on them.

glas mir
Reaction Scientific
Posted - 2009.08.28 04:08:00 - [11]
 

make sure what you trade in actually sells, that is that it has some volume.


just because the cheapest x is listed for 100 M doesn't mean its worth 100M or that it sells for that.

SoF'sTradeAlt
Posted - 2009.08.28 04:16:00 - [12]
 

Originally by: Dynast
What items are so heavily competed, chronically manipulated, or otherwise frustrating to trade in that new traders would be well advised to steer clear?



Large Shield Extender II's in Rens.

OMFG, I swear, every time I refreshed the market data I had been undercutted again before the 5 minute modification timer.Evil or Very Mad

Chantilly Layce
Proper Villains
Posted - 2009.08.28 11:50:00 - [13]
 

Originally by: Dynast
What items are so heavily competed, chronically manipulated, or otherwise frustrating to trade in that new traders would be well advised to steer clear?


Strongly advise you to use a resource that is available to every player, everywhere, 23/7.

That would be the Market History for each and every item in this game.

Research is your friend. Invest some time in that.

o7

Dariah Stardweller
Gallente
NO U111 Enterprises
Posted - 2009.08.28 12:29:00 - [14]
 

Originally by: W3370Pi4
why would anyone advise you on that , this is market research material , smart people dont usually share that
Well, if I was active in a highly competitive market I would not want another player in there so I might just tell him :)

Rhivre
Caldari
TarNec
Posted - 2009.08.28 12:33:00 - [15]
 

Avoid whatever I am trading in :p


Just take a look through your regional market, and see what items are highly competed on, and avoid those if you want a quieter life

Traska Gannel
Posted - 2009.08.28 13:58:00 - [16]
 

Expensive, high volume, base T1 modules are bought by industrialists for their minerals so there is often very little profit to be found in that market - though there are exceptions.


Dynast
Osirians Of Eve
Curatores Veritatis Alliance
Posted - 2009.08.28 19:39:00 - [17]
 

Originally by: Chantilly Layce
Strongly advise you to use a resource that is available to every player, everywhere, 23/7.

That would be the Market History for each and every item in this game.

Research is your friend. Invest some time in that.

Having done so, and having been modestly successful, I'm curious to hear other peoples' opinions on this topic. And I appreciate the feedback people have given.

I suppose I should have been a little more precise.. the question I meant to ask is, more generally, "what should newb traders avoid doing because it will be painful and/or un-fun". I listed a few possible causes for the market for particular items being painful, but I'll readily admit they are not the only drawbacks to be found in trading.. and in some cases are not necessarily drawbacks at all.. such as competing for high volume/competition items if you have time to burn.

Chantilly Layce
Proper Villains
Posted - 2009.08.28 22:23:00 - [18]
 

I'd avoid getting into the "0.01 ISK" bidding war at trade hubs, because it's time intensive and requires some solid game experience to understand what modules are being traded and why they have value.

Conversely, I'd recommend newly minted traders stick with NPC market trades everyday until a sizeable Wallet has been built up. There's nothing wrong with trading in Oxygen, or Holoreels, or Silicon if you are clever and know how to maximize your profit per jump.

Boring or not, it's a good way to get started.

Victor Michaelle
Gallente
Posted - 2009.08.28 23:24:00 - [19]
 

Originally by: Dynast

I suppose I should have been a little more precise.. the question I meant to ask is, more generally, "what should newb traders avoid doing because it will be painful and/or un-fun". I listed a few possible causes for the market for particular items being painful, but I'll readily admit they are not the only drawbacks to be found in trading.. and in some cases are not necessarily drawbacks at all.. such as competing for high volume/competition items if you have time to burn.


Thanks for clearing that up.

I believe the most critical thing is that you have a fun and/or an interesting time, and what is and what isn't should be different for different people. I'd advice experimenting with whatever you can think up/find, hopefully it will become obvious if a particular approach is too boring, which would be cause for changing or abandoning it.

It's also good to not solidify yourself in doing one thing, even if you like it, since if you try more things you're likely to find something that works even better for you eventually.

FinancialDragon
Posted - 2009.08.29 04:32:00 - [20]
 

Edited by: FinancialDragon on 29/08/2009 04:35:55
Edited by: FinancialDragon on 29/08/2009 04:35:09
Originally by: Ji Sama
Edited by: Ji Sama on 28/08/2009 00:05:07
meta 4 items and tier 2 items, are the most competed items :)
minerals, ice and salvage etc, is also heavy on the competetion.



Yeah, stay the hell away from my ice markets, very high competition there. No billions of isk to make there at all, no siree...

Originally by: SoF'sTradeAlt

OMFG, I swear, every time I refreshed the market data I had been undercutted again before the 5 minute modification timer.Evil or Very Mad


Just split your stack into two ;p


 

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