User:Jayk maejin/Lessons Learned By A Budding Trader: Difference between revisions

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 My assumptions about you, the beloved reader:
 [color=#FF8000][list]-You have (or can create) an alt that you're willing to park in a market area, to which you are willing to devote ~1M SP of trade skill training.
--You have basic familiarity with the trade skills and what they do.
+* You have basic familiarity with the trade skills and what they do.
--You can name 4 or more trade hub systems (and preferably can rank them in order of decreasing market activity).
+* You can name 4 or more trade hub systems (and preferably can rank them in order of decreasing market activity).
--You know how to place buy orders.
+* You know how to place buy orders.
--You know how to place sell orders.[/list][/color]
+* You know how to place sell orders.[/list][/color]
 Go train until you have at least 20 market order slots (and at least ~10M isk to invest), then come back and we can get started.
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 =Updating Your Buy And Sell Orders=
 This is the activity that occupies most of your trading time. Perhaps once or twice a day, if you can stomach it, log on and check that your orders are where you want them to be in the heap. Competitors tend to update their sell orders more frequently than their buy orders, so expect more shuffling on the sell side. My sequence looks like this:
-[color=#FF8000][list]-Log on in the market hub station.
+* Log on in the market hub station.
--Update all my existing sell orders.
+* Update all my existing sell orders.
--Place new sell orders if there are items handy in local inventory.
+* Place new sell orders if there are items handy in local inventory.
--Fly to my buying station (the center of my "net").
+* Fly to my buying station (the center of my "net").
--Update all my existing buy orders.
+* Update all my existing buy orders.
--Place new buy orders if any have been completely filled or if I want to dabble in new stuff.
+* Place new buy orders if any have been completely filled or if I want to dabble in new stuff.
--Log off, play outside, etc.[/list][/color]
+* Log off, play outside, etc.
 The next time I log in, I will do things in the reverse order, (update buys first, then fly back to market hub and update sells).