Get rich quick: Difference between revisions

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Another side of station trading is having the required capital. Many station traders can earn more than 100 million ISK per week. This is enough to play for free by buying PLEXs. If you can master station trading only well enough to make a 5% return per day, you can still make 100 million ISK in a week if you can morph 250 million ISK into 350 million ISK at 5% per day for seven days. Rather than wait for a small bankroll to double every couple of weeks to get to 250 million ISK (if you can resist spending it!), it might make sense to test strategies using small volume trades and then sell a PLEX to raise the starting capital to apply those trades in high volume, then buy the PLEX back a month later after you have a big enough bankroll to afford it. Be sure that your target markets can support billions in ISK per day (mostly at Jita) if you want to deploy tens or hundreds of millions in them.

Once you have high standing and low broker fees and taxes and a big bankroll, consider trading PLEX. There are a couple of thousand trades a day. If half are at the bid, and half the ask, that's 1000 * the spread between the bid and the ask changing hands. At a 5 million spread for a 375 million PLEX, that's about 1.3%. The lowest possible round trip commission and tax is about 0.94%. But at 1.1%, that's still ~~over~~ 1 million in profit every 90 seconds. ~~Best~~ may be ~~to wait for~~ enough capital for 3 or 4 plexes so that one can stay at the head of the queue for 90% of each 5 minute cycle.

Once you have high standing and low broker fees and taxes and a big bankroll, consider trading PLEX. There are a couple of thousand trades a day. If half are at the bid, and half the ask, that's 1000 * the spread between the bid and the ask changing hands. At a 5 million spread for a 375 million PLEX, that's about 1.3%. The lowest possible round trip commission and tax is about 0.94%. But at 1.1%, that's still nearly 1 million in profit going to someone every 90 seconds. A better deal may be had when one has enough capital for 3 or 4 plexes so that one can stay at the head of the queue for 90% of each 5 minute cycle.

==Contracting==

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 Another side of station trading is having the required capital. Many station traders can earn more than 100 million ISK per week. This is enough to play for free by buying PLEXs. If you can master station trading only well enough to make a 5% return per day, you can still make 100 million ISK in a week if you can morph 250 million ISK into 350 million ISK at 5% per day for seven days. Rather than wait for a small bankroll to double every couple of weeks to get to 250 million ISK (if you can resist spending it!), it might make sense to test strategies using small volume trades and then sell a PLEX to raise the starting capital to apply those trades in high volume, then buy the PLEX back a month later after you have a big enough bankroll to afford it. Be sure that your target markets can support billions in ISK per day (mostly at Jita) if you want to deploy tens or hundreds of millions in them.
-Once you have high standing and low broker fees and taxes and a big bankroll, consider trading PLEX. There are a couple of thousand trades a day. If half are at the bid, and half the ask, that's 1000 * the spread between the bid and the ask changing hands. At a 5 million spread for a 375 million PLEX, that's about 1.3%. The lowest possible round trip commission and tax is about 0.94%. But at 1.1%, that's still over 1 million in profit every 90 seconds. Best may be to wait for enough capital for 3 or 4 plexes so that one can stay at the head of the queue for 90% of each 5 minute cycle.
+Once you have high standing and low broker fees and taxes and a big bankroll, consider trading PLEX. There are a couple of thousand trades a day. If half are at the bid, and half the ask, that's 1000 * the spread between the bid and the ask changing hands. At a 5 million spread for a 375 million PLEX, that's about 1.3%. The lowest possible round trip commission and tax is about 0.94%. But at 1.1%, that's still nearly 1 million in profit going to someone every 90 seconds. A better deal may be had when one has enough capital for 3 or 4 plexes so that one can stay at the head of the queue for 90% of each 5 minute cycle.
 ==Contracting==