Identifying items for trade: Difference between revisions

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As there are a lot of trading classes going up, I'd like to start a thread for trading "rules of thumb", so to speak. Specifically, how to identify a potentially profitable product. I'm going to share a quick trick I've used to get about 2.5b ISK in 3 months of active trading, ie. checking orders for 30min once or twice a day.

It's called the Bullworth Burger.

It's called the '''Bullworth Burger'''.

This is how you use the Bullworth Burger:

1. Open the Market window

#Open the Market window

2. Click on a random product that you might be interested in trading

#Click on a random product that you might be interested in trading

3. Show the Price History tab

#Show the Price History tab

4. Look for Good Burger Characteristics, and add to your market quickbar if you see them

#Look for Good Burger Characteristics, and add to your market quickbar if you see them

5. Repeat 2-4 until you have a good list of potential products

#Repeat 2-4 until you have a good list of potential products

7. Start trading!

#Start trading!

What are Good Burger Characteristics?

=== What are Good Burger Characteristics? ===

Basically, you want items that:

1. Trade in large volume. This is more important if you have smaller amounts of isk, as you want quick turnover, but it is generally a positive thing.

#'''Trade in large volume.''' This is more important if you have smaller amounts of isk, as you want quick turnover, but it is generally a positive thing. This is the "Guacamole on the Side" - green bars on the bottom. The more guacamole, the better.

-- This is the "Guacamole on the Side" - green bars on the bottom. The more guacamole, the better.

#'''Have good profit margins.''' People sell it for a bit of quick cash, but are willing to pay a lot more to buy it. This is the "patty", or big brown shape, representing the highest and lowest sell/buys. The thicker the patty, the better.

#'''Are used, replaced, and discarded often.''' This is represented by a middle-of-the-road Median price. This ensures you can accumulate and sell inventory with some regularity. "Mustard in the Middle" - represented by yellow squares in the middle of the graph. The mustard should be in the middle of the "patty" as often as possible. This means supply and demand is somewhat balanced. The yellow square indicates the median price - that is, half of the orders occurred above that price, and half below. Generally speaking, a high order "pushes" the yellow box down, a low order "pushes" it up.

~~[[Category:Guides]]~~

#'''Given the above, are relatively steady in their pricing.''' "Lettuce and Ketchup" - green and red lines. Lettuce leaves are straight for the most part, indicating good stability. Ketchup is best spread around, so should be a jagged line moving up and down, indicating short-term price fluctuations, which helps you acquire items for less and sell them for more.

~~[[Category:Trading]]~~

3. Have good profit margins. People sell it for a bit of quick cash, but are willing to pay a lot more to buy it.

-- This is the "patty", or big brown shape, representing the highest and lowest sell/buys. The thicker the patty, the better.

2. Are used, replaced, and discarded often. This is represented by a middle-of-the-road Median price. This ensures you can accumulate and sell inventory with some regularity.

-- "Mustard in the Middle" - represented by yellow squares in the middle of the graph. The mustard should be in the middle of the "patty" as often as possible. This means supply and demand is somewhat balanced.

~~EDIT:~~ The yellow square indicates the median price - that is, half of the orders occurred above that price, and half below. Generally speaking, a high order "pushes" the yellow box down, a low order "pushes" it up.

4. Given the above, are relatively steady in their pricing.

-- "Lettuce and Ketchup" - green and red lines. Lettuce leaves are straight for the most part, indicating good stability. Ketchup is best spread around, so should be a jagged line moving up and down, indicating short-term price fluctuations, which helps you acquire items for less and sell them for more.

So in summary, look for items that have heaps of Guacamole, big thick Patties, Mustard in the Middle, and straight Lettuce and jagged Ketchup. There's no bread. When you have found some potential items, figure out which items will fit into your working capital and available trading slots, then region buy and sell away.

@@ Line 1: / Line 1: @@
 As there are a lot of trading classes going up, I'd like to start a thread for trading "rules of thumb", so to speak. Specifically, how to identify a potentially profitable product. I'm going to share a quick trick I've used to get about 2.5b ISK in 3 months of active trading, ie. checking orders for 30min once or twice a day.
-It's called the Bullworth Burger.
+It's called the '''Bullworth Burger'''.
 This is how you use the Bullworth Burger:
-. Open the Market window
+#Open the Market window
-. Click on a random product that you might be interested in trading
+#Click on a random product that you might be interested in trading
-. Show the Price History tab
+#Show the Price History tab
-. Look for Good Burger Characteristics, and add to your market quickbar if you see them
+#Look for Good Burger Characteristics, and add to your market quickbar if you see them
-. Repeat 2-4 until you have a good list of potential products
+#Repeat 2-4 until you have a good list of potential products
-. Start trading!
+#Start trading!
-What are Good Burger Characteristics?
+=== What are Good Burger Characteristics? ===
 Basically, you want items that:
-. Trade in large volume. This is more important if you have smaller amounts of isk, as you want quick turnover, but it is generally a positive thing.
+#'''Trade in large volume.''' This is more important if you have smaller amounts of isk, as you want quick turnover, but it is generally a positive thing. This is the "Guacamole on the Side" - green bars on the bottom. The more guacamole, the better.
--- This is the "Guacamole on the Side" - green bars on the bottom. The more guacamole, the better.
+#'''Have good profit margins.''' People sell it for a bit of quick cash, but are willing to pay a lot more to buy it. This is the "patty", or big brown shape, representing the highest and lowest sell/buys. The thicker the patty, the better.
+#'''Are used, replaced, and discarded often.''' This is represented by a middle-of-the-road Median price. This ensures you can accumulate and sell inventory with some regularity. "Mustard in the Middle" - represented by yellow squares in the middle of the graph. The mustard should be in the middle of the "patty" as often as possible. This means supply and demand is somewhat balanced. The yellow square indicates the median price - that is, half of the orders occurred above that price, and half below. Generally speaking, a high order "pushes" the yellow box down, a low order "pushes" it up.
-[[Category:Guides]]
+#'''Given the above, are relatively steady in their pricing.''' "Lettuce and Ketchup" - green and red lines. Lettuce leaves are straight for the most part, indicating good stability. Ketchup is best spread around, so should be a jagged line moving up and down, indicating short-term price fluctuations, which helps you acquire items for less and sell them for more.
-[[Category:Trading]]
-. Have good profit margins. People sell it for a bit of quick cash, but are willing to pay a lot more to buy it.
--- This is the "patty", or big brown shape, representing the highest and lowest sell/buys. The thicker the patty, the better.
-. Are used, replaced, and discarded often. This is represented by a middle-of-the-road Median price. This ensures you can accumulate and sell inventory with some regularity.
--- "Mustard in the Middle" - represented by yellow squares in the middle of the graph. The mustard should be in the middle of the "patty" as often as possible. This means supply and demand is somewhat balanced.
-EDIT: The yellow square indicates the median price - that is, half of the orders occurred above that price, and half below. Generally speaking, a high order "pushes" the yellow box down, a low order "pushes" it up.
-. Given the above, are relatively steady in their pricing.
--- "Lettuce and Ketchup" - green and red lines. Lettuce leaves are straight for the most part, indicating good stability. Ketchup is best spread around, so should be a jagged line moving up and down, indicating short-term price fluctuations, which helps you acquire items for less and sell them for more.
 So in summary, look for items that have heaps of Guacamole, big thick Patties, Mustard in the Middle, and straight Lettuce and jagged Ketchup. There's no bread. When you have found some potential items, figure out which items will fit into your working capital and available trading slots, then region buy and sell away.