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bladeproject
Posted - 2010.08.31 23:37:00 - [1]
 

So i have done some reading about the trading game in eve and from what i can understand a lot of time needs to be invested in order to get lots and lots of money.

So my question is simple. If i only have 1-2 hours per day or every second day. Whats a realistic figure per day? I am not after exact numbers, just some feedback from the experienced traders out there.

Jion Tichy
Posted - 2010.08.31 23:52:00 - [2]
 

It depends.

Charles37
Posted - 2010.08.31 23:55:00 - [3]
 

Originally by: Jion Tichy
It depends.


It depends...

How much capital do you have to invest/get started with?
Do you know your market?
Do you know what the hell you're doing?
Are you in a major hub, small hub, or other?
How fast are you expecting returns?

There really is no good answer to your question, as it depends so heavily on not only the factors that I listed, but others as well that others might contribute to the thread.

PinkFish
Posted - 2010.09.01 01:32:00 - [4]
 

Not much. The people who make billions per month with limited time have already paid their dues and understand their market segment intimately. As a new trader with limited time to figure things out you can probably expect somewhere around 10-20mil a day.

Halborn
Celtic Technologies Inc.
Posted - 2010.09.01 02:08:00 - [5]
 

If you had a big capital and invested wisely with items that aren't super .01 competitive you could make a nice bit off your money.
To get turnovers of 15-30% on your capital you really need to play the .01 war learn the market and be able to get investments right and be on more hours.

However if you want more money from it and have alot of capital investing in an IPO is an option freeing up those hours for something else.

Philip Ogtaulmolfi
Milking Interstellar Incorporated.
Posted - 2010.09.01 13:42:00 - [6]
 

Best thing you can do is try by yourself. Trading is not a great risk, so even if you fail you wont lose a lot and will get a taste of what you can achieve. There are so many variables and ways of trading that any rule of thumb is going to be useless.

To give you a clue, in a good month I get around 100 millions/day. In August, around 20 millions/day.


Berikath
Posted - 2010.09.01 15:48:00 - [7]
 

Originally by: bladeproject
So i have done some reading about the trading game in eve and from what i can understand a lot of time needs to be invested in order to get lots and lots of money.

So my question is simple. If i only have 1-2 hours per day or every second day. Whats a realistic figure per day? I am not after exact numbers, just some feedback from the experienced traders out there.


Your income will be... wait for it... a percentage of your capital invested.

How quickly you get that percentage depends on the volume of the item moved, the activity level of the other traders/producers of that item in the area, and when the other guys mess with their orders compared to yours. If you both mess with them once a day, but they do it a half hour after you do, they're gonna get almost all the sales.

How big a percentage depends on the item, your source, your market, and (to a much smaller extent) your trade skills/rep with the owner of the station.

Without a LOT more information you won't get an estimate closer than "somewhere between losing your shirt and making you the richest person in eve".

Aurum Bellator
Posted - 2010.09.01 23:46:00 - [8]
 

To describe "trading" as a profession is far too broad. What type of trading are you interested in? Station trading? Inter-regional trading/hauling? What type of strategy?

There's as many different flavors of trading as there are grains of sand in the desert. The basics are buy low sell high. My best day so far is about 250 million isk profit. Some days you won't make anything. I'd suggest figuring out a strategy through practice though, and refine it as you go.

AUB

Commander Godsmack
Posted - 2010.09.02 05:15:00 - [9]
 

Money makes money
---------------------------
Some literature I came across ; I think its a good read ugh

>
usually i find a group of good isk
then i make them battle 1on1 in a tournament setting of best out of 3
then the best ones are separated into male and female isk
 then each group fights elimination
the best male and the best female isk are then used as genetic samples in the lab
 we make 10 trillion clones
 then we make them breed
 the third generation is usually the best
but because of the nature of cloning they become increasingly sterile after the fifth generation
 and so i restart the process

Brother Papalazaru
Amarr
Viziam
Posted - 2010.09.02 06:48:00 - [10]
 

Edited by: Brother Papalazaru on 02/09/2010 06:49:23
Originally by: Philip Ogtaulmolfi
Best thing you can do is try by yourself. Trading is not a great risk, so even if you fail you wont lose a lot and will get a taste of what you can achieve. There are so many variables and ways of trading that any rule of thumb is going to be useless.

To give you a clue, in a good month I get around 100 millions/day. In August, around 20 millions/day.




To say trading carries little risk is a little misleading. Besides the hold on to your undies apprehension of hauling anything valuable through, say, Niarja.... you also have the risks associated with market manipulation and data manipulation associated with eve-central.

There's lots of ways you can lose money, especially if you are new to trading. You can bet that if you bought 100,000 morphite from Jita to dump in Amarr because there was a good profit margin in it, hundreds more would have had the same idea. Your morphite, and therefore your capital, could be sitting there for weeks... that's if you weren't suicide ganked somewhere on the way up.

Trading is not easy for the newcomer.

bladeproject
Posted - 2010.09.02 06:53:00 - [11]
 

Thanks for the input peeps. Really good feedback here.

As a general i think if i wanted to start trading i would be looking at station based trades slowly expanding into region and then inter region through transport. However the return on time maybe quite small to begin with.

Definitely an interesting thing to do in Eve. Wink

Aicul
Caldari
Perkone
Posted - 2010.09.02 07:15:00 - [12]
 

depends...

dont mind playing the isk game?
how much money do you have?
1-2 hours in one session or on different occassions?
what kind of trading?
where are you located?

I agree what Philip Ogtaulmolfi said. Station trading does not carry a great risk, at the very worst you will get your money back or be stuck with a sell order, that is my experience.

So give it a shot and spread your investments over several items.

Sorahn So'ze
Posted - 2010.09.02 12:27:00 - [13]
 

If you want to be able to predict your income from trade, why not set a baseline? Let's say you're going to be using the popular margin trading system from a smaller regional hub (since I assume you're new to trade). As you pour over the market tab, focus on items that you expect to make a 20% return from, check the daily movement volume, and trade in volumes roughly the size of that number. Now, you can obviously make much much more than 20%, but 20% is a good number to start with since it leaves you so many items to trade with. Now, all you need to do is multiply your starting capitol by 1.2 (give or take a few % due to taxes, bidding wars, and maybe getting a little more than 20%). Now, if you want an estimate of how much you'll make, or at least could reasonably make, over any given timeframe, you continue to multiple that number by 1.2, and that's about as good an estimate as you're going to get. I personally like to take 75% of my available trade wallet, and use 50% of that for standings orders at 20%, the other 50% for sniping or higher risk orders, and hold the remaining 1/4 of my isk as a safety blanket, good luck, have fun.


 

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