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blankseplocked Tennoku’s tale from graduation to 1 bil in 16 days
 
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Shar Tegral
Posted - 2008.09.16 09:46:00 - [31]
 

Okay, here goes.
Originally by: Sendai O'Shaserra
the only difference between me and him is that I don't know what and where to trade :P
Won't help you with that.

Originally by: Sendai O'Shaserra
I'm also trying to buy up the dog tags and do the same, but there hardly seems to be a market for those where I am.
Then why are you doing it? Before you go buying make sure you know where you can go selling.
Originally by: Sendai O'Shaserra
What I'm wondering is, how the HELL did this guy go from 5 million to 22 million in a SINGLE DAY?!
Because he knew what to move. (I know, not helpful.)
Originally by: Sendai O'Shaserra
I know that the secrets of trade should be well-kept, so please don't like, tell me everything. But some general pointers as to where to trade (high sec? low sec? both?) or if I should try and ship items cross-region would be really much appreciated.
Yes.

High Sec, yes.
Low Sec, yes.
Ship items cross regions, yes.

Transport is not entirely necessary as some people say but as a beginner I think it can not be avoided.
Originally by: Sendai O'Shaserra
The thing is, I'm new to EVE, so I don't have a clue which areas of low-sec are in need of which items, and since there are thousands and thousands of solar systems in this game it's really kind of hard to get started ugh
Don't get swamped by the number of solar systems. Pick one region, start there. Look at it on the map, learn the high sec areas, the low sec areas. Get an idea for traffic patterns and populations. What you want is heavy population although this also means you'll have competition.

Some will say that going for hard to reach places leads to great profits (and it does) however at this stage you likely can't afford to tie up isk in any large amount for an indefinite amount of time. Not to mention the potential loss from low sec travel.

Trade is not hard, as many will say, but it isn't very easy to spot opportunities without research. And truly told, if you are not doing research (your region, the traffic & population around you, their activities, and the products you think are best & within your reach) you will be exactly where you are right now.

Treelox
Posted - 2008.09.16 10:00:00 - [32]
 

As Shar said above stick with a single region at first. Study your market, see what sells and what doesnt. When you start to find things that sell well, see if you cant become the supplier, either via hauling from a main hub, or just relisting.

Also one tool that sadly gets forgotten when people start talking in threads to help a newbie trader, is Ombey's maps.


Once you have downloaded that .pdf, print out the page for the region your in and start writing notes, learn the turf. Also if you like the maps(i know you will), bump his thread and if you ever get a chance send him some isk(the guy does it for nothing, and upgrades it regular like).



All trading is, is knowing your market, you need to do the research, cause none of us greedy biotches will tell you OUR own secrets.

Sendai O'Shaserra
Amarr
Posted - 2008.09.16 11:02:00 - [33]
 

Thanks for you both's advice. The map files in particular are mind-bogglingly useful, I'll be sure to bump his thread and reward him someday if they help me make a billion ISK, too.

Naturally, I cannot know which places need what without doing research and lots of more research. It's simply kind of hard to find a place to start Razz

I GUESS I should try and find out some of the more populated areas away from Jita, and try and see what they need and if it's anywhere near for me to get it from.


Salvo Brunel
Outbreak.
Posted - 2008.09.16 16:25:00 - [34]
 

Damn Senai, you caught Shar in a very good mood Very Happy

Tennoku
Amarr
Peerless Crown
Posted - 2008.10.18 22:10:00 - [35]
 

Edited by: Tennoku on 18/10/2008 22:10:45
Only just noticed this thread has had a new breath of life. (Edit: albeit a month ago)

Originally by: Sendai O'Shaserra
the only difference between me and him is that I don't know what and where to trade :P


This reminds me of a futurama quote,
Fry: "You know the worst thing about being a slave? They make you work but they don't pay you or let you go."
Leela: "That's the only thing about being a slave."

If you knew what to trade and where to trade it, what else would you need? In other words, this "only" difference is virtually the only thing about being a trader. The rest is actually just doing it.

Maybe not quite everything, but close enough to let me use it as an excuse for a quote :)

Quote:
I'm also trying to buy up the dog tags and do the same, but there hardly seems to be a market for those where I am.


Try and understand the game. In the case of tags, find out why people buy them, and where they might want to buy them from. Find out where tags come from, and thus the best way to buy them.

Quote:
What I'm wondering is, how the HELL did this guy go from 5 million to 22 million in a SINGLE DAY?! I'm currently at that level of wealth, but I haven't got a clue how to do anything like that.


You can check my transactions, which I provided above (assuming the file still is hosted). In general, it's very difficult to jump from 5mil to 22mil, but there are ways. You need to research, understand, and exploit.

Nothing really more for me to add other than what's been said: research.

jna
Caldari
Infinite Improbability Inc
-Mostly Harmless-
Posted - 2008.10.19 22:00:00 - [36]
 

Ombey's maps are exceedingly good indeed.

However, I've found myself using Wollari's maps more regularly nowadays. On many regions the layout seems to be clearer (highlighting pipes and dead-ends more succintly), they're multi-format (pdf, gif svc) and they update daily with Sov changes (immensely useful if you're 0.0 trading).

Kylar Renpurs
Dusk Blade
Posted - 2008.10.19 22:57:00 - [37]
 

Quote:

The rules
* No help from an outside source (eg, player donations)
* No ratting, no missions, no salvaging, no looting wrecks, etc
* No scams
* Can refine if that's worth more than the sell price
* Can train spaceship command in order to move items – this character is not an alt


I've always wondered, pardon for me raining on a pretty good achievement, but why people limit themselves like this besides personal challenge.

Point 1 and 3 I can understand, it just skews the scenario, but the others I don't.

I think it's a well established fact that people can make 1 billion in under a month with a new character, personally I'd like to see how far someone can go with a new character with no connections in one month with no restrictions other than things like no corp-theft, scams etc.

YouGotRipped
Ewigkeit
Posted - 2008.10.20 04:53:00 - [38]
 

Edited by: YouGotRipped on 20/10/2008 05:00:08

Originally by: Kylar Renpurs
Quote:

The rules
* No help from an outside source (eg, player donations)
* No ratting, no missions, no salvaging, no looting wrecks, etc
* No scams
* Can refine if that's worth more than the sell price
* Can train spaceship command in order to move items – this character is not an alt


I've always wondered, pardon for me raining on a pretty good achievement, but why people limit themselves like this besides personal challenge.




He started with no limitations and now he's just looking back on how he pulled it off.
Let's be honest, who in his right mind as a new player (at least to trading) starts with self imposed limitations? lol

Oh Riiiicdiiiiiiiic, have you seen this thread? What have you learned?

Sokratesz
Rionnag Alba
Northern Coalition.
Posted - 2008.10.20 09:56:00 - [39]
 

It's things like this that are only possible in Eve. Great job :)

YouGotRipped
Ewigkeit
Posted - 2008.10.20 11:03:00 - [40]
 

Edited by: YouGotRipped on 20/10/2008 11:03:51
Originally by: Sokratesz
It's things like this that are only possible in Eve. Great job :)


lol it's Sokratesz, I am curious as to the chain of events that led you to MD. ugh

Miyamoto Uroki
Caldari
Sarum Industries
Posted - 2008.10.20 13:42:00 - [41]
 

Impressive story. Nice job!

*pulls hat

Ricdic
Caldari
Caldari Provisions
Posted - 2008.10.21 05:43:00 - [42]
 

Originally by: YouGotRipped
Oh Riiiicdiiiiiiiic, have you seen this thread? What have you learned?



Of course I have seen this thread. Nothing gets past Market Discussions without my viewing.

As for what I have learnt. Let's put it in point form:

1) Capitalizing off CCP changes can be profitable

2) Trading outside of Jita can be far more profitable

3) Trading inside Jita will be most profitable but only if you have no limits on the amount of time you can dedicate to the operation

4) Running a bank and a research alliance whilst working full time and spending time with a wife and child also being pulled aside for jury duty might cause profit delays

5) Starting with a heavily non-trade oriented character isn't wise when doing a trading project

6) Allowing RL to trump a video game is not the way to achieve uber profits

7) Taking on a trainee who makes a mistake worth 25% of your NAV on Day 20 is unacceptable

I have learnt a lot from this operation Cool

Either way I wouldn't discredit the OP. Even if the above 7 points didn't exist I may not have had the patience to get those kinds of results so hats off to the OP.

Malkavian Spirit
Minmatar
Malkavian Industries
Posted - 2008.10.21 07:00:00 - [43]
 

LOL, I didn't know that mistake was 25% of your NAV.

You handled it with grace.

Stovetop Cookie
Posted - 2008.11.04 07:16:00 - [44]
 

Wow awesome job, Tennoku! Great story format, very enjoyable read. Looking into trade as a new career path for my character, your story provides some newfound inspiration for me. Perhaps I, too, may be able to take advantage of the next expansion.

Cheopis
Amarr
One Stop Mining Shop
One Stop Research
Posted - 2008.11.04 12:16:00 - [45]
 

Originally by: Pacific Theme
Originally by: Valandril
Edited by: Valandril on 22/06/2008 00:48:35
Actualy i got hard times to belive that you did earn a bil from 5k in 16days by JUST trading with time spend daily (as you said).
So maybe post somewhere your csv ?

Tbh i think this is preq for his investment opportunity that will turn out to be a scam :P


If you actually read his post you'll see he exploited a market to do with FW that's more or less no longer there. This experiment isn't repeatable.


True, however, the Eve Economy is rather large and complex. I have yet to find a region where I have't been in a week or more where I can't make 100 mill profit with 50 mill base capital in just a few hours.

I have the advantage of having nearly all marketing skills maxxed, and scrapmetal 5 though, what he did was find a niche and hit it hard before others moved in on it :) What I do is take advantage of people not wanting to move their loot, or placing their sell orders only a little above the highest buy orders.

An example:
One of the Zor implants is a market item. with perfect refine they refines into 2 mega, 2 zyd, and 2 something else (Nocx? Iso?) It's a market glutted item, anyone that wants one probably has one. Someone had a buy order out for 1500 isk each. I saw roughly 50 of them out there for sale for less than 10k isk each, some as low as 1600 isk. 2 mega and two zyd for less than 10k isk *snap* bought them up. They were located all over the place, so I just let them sit, while I processed through every other module and compared sell prices to mineral value. When I ran out of isk, I went out and collected the nearby large collections in an industrial, refined, sold the minerals, and started again. On that day I started with 100 mill, and ended with 400 mill in about 9 hours. It takes a few days for the market to recover sufficiently for this process to yield good money again, so I moved to another region the next day, and another the day after that. In three days I made about 600 mill profits.

Some people do this passively with open orders. That's great. I do it actively, and get a lot of great deals, but it can be very tedious, so on some days I just go and blow stuff up. It also helps a LOT to have a refining calculator spreadsheet. I currently use EVE-Meep, which isn't ideal for my needs, but can be made useful. My old Excel sheet was MUCH better, but it had some old mineral contents and volume data which were throwing me off, and recently it was lost in a computer failure anyhow :(

Wil Danis
Posted - 2008.11.06 00:28:00 - [46]
 

I am a full time trader/builder and have taken to heart the cryptic trading advice handed out on the forums, when I was but a nub with some iskies and a Mark I in Nonni..... 8 months ago.

And well it was fun and felt good to blast through the billion mark in trading!!

It is very true that the market will release its trade opportunities, but only when you pay your dues as a citizen in eve.

When I understood the modules and there uses and demand better, I was then instantly afforded a lucrative perspective on good holes in the market to plug and sell into.

As well the markets ebb and flow.... hell when the shuttles where given over to the Eve builders I built and sold over 100 mil in these and still do sell too many at 100 to 500k each!! LOL.

Location location location....

Low sec = instant trade ops that have a good chance of making solid isk.

Mission hubs if watched will render trade in buys and selling.

0.0 is a huge market that you can make a killing trading into and rat loot and high end mins outta.... I was with destiny till Tri folded and had access to free jump cargo runs into and outta Lonetrek....

lol I made a **** load in selling storage containers bought for 350k and sold them for 10 mil each in 0.0... just one example...

Sold many T1 goods in 0.0 from 100% to 500% markup....

so yes I have taken the advice given as clues into the actually realities of the complex and ever changing trade dynamic that is the eve economy....

My God this game is so brilliant I have a very hard time not wanting to play it 24/7 as I would love to find more trade niches to exploit and get to the 5 bil then 10 bil mark...LOL

Regardless thanks for your advice fellow traders....

Onward

Danis


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