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=Random Tips= | =Random Tips= | ||
Your time is valuable. Always keep an eye out for ways to streamline your operations. | Your time is valuable. Always keep an eye out for ways to streamline your operations. I'm particularly fond of using a set 2-digit cent extension for easy visual identification, and of using the split wallet-market display updating technique. Don't bother double checking each order update -- if you made a mistake you'll catch it during your next update session. Turn off automatic updating of the market window to reduce lag. | ||
Watch for market over-corrections, and capitalize on them. Example: I was eye-balling Item X for a week or two. Even though I knew X was still actively used by players, X had been steadily declining in value for months (another example of a long term, probably patch-related EVE trend I don't fully understand) from ~1.7M down to ~1.24M. There were lots of old buy orders up for ~1.2M. As the sell price steadily plummeted towards these old buy prices (vanishing margin), more and more panicked traders flooded the market with sell orders as they tried to dump a depreciating asset. The next day when I checked, the highest buy order had lurched down to ~0.7M. This struck me as an over-correction, so I finally struck, placing a buy order and making some nice money. The point is, even a depreciating asset can be profitable. Keep an eye out. | Watch for market over-corrections, and capitalize on them. Example: I was eye-balling Item X for a week or two. Even though I knew X was still actively used by players, X had been steadily declining in value for months (another example of a long term, probably patch-related EVE trend I don't fully understand) from ~1.7M down to ~1.24M. There were lots of old buy orders up for ~1.2M. As the sell price steadily plummeted towards these old buy prices (vanishing margin), more and more panicked traders flooded the market with sell orders as they tried to dump a depreciating asset. The next day when I checked, the highest buy order had lurched down to ~0.7M. This struck me as an over-correction, so I finally struck, placing a buy order and making some nice money. The point is, even a depreciating asset can be profitable. Keep an eye out. | ||
=Skills And Future Direction= | =Skills And Future Direction= | ||
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