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

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 To determine price and range, find the gaps in the market. DO NOT just mindlessly stack on top of the highest buy order at the trade hub. Example scenario:
-[color=#FF8000]Items A, B, and C all sell for 2M per. Item A has lots of station-only hub buys up for 1.8M, some 5-jump buys for 1.4M, and some region buys for 1.3M. Item B has station-only buys for 1.5M, 5-jump buys for 1.4M, region buys for 1.3M. Item C has station-only buys for 1.8M, 5-jump buys for 1.5M, and region buys for 0.7M. With my current style of trading, I would place: 5-jump buy of A @ 1.4001M per, 5-jump buy of B @ 1.5001M per, and region-buy of C @ 0.7001M per. [/color]
+Items A, B, and C all sell for 2M per. Item A has lots of station-only hub buys up for 1.8M, some 5-jump buys for 1.4M, and some region buys for 1.3M. Item B has station-only buys for 1.5M, 5-jump buys for 1.4M, region buys for 1.3M. Item C has station-only buys for 1.8M, 5-jump buys for 1.5M, and region buys for 0.7M. With my current style of trading, I would place: 5-jump buy of A @ 1.4001M per, 5-jump buy of B @ 1.5001M per, and region-buy of C @ 0.7001M per.
 Sometimes I look at the price history graph first, use the Donchian channel to eyeball "at what price would I be happy to buy?" Then I flip back to the market data. If a buy order at that price would be unlikely to be filled, I may skip to the next item.
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 =Skills And Future Direction=
 Here are the current skills of my trading alt:
-[b]Trade[/b]
+'''Trade'''
 [img]http://myeve.eve-online.com/bitmaps/character/level4.gif[/img] Accounting
 [img]http://myeve.eve-online.com/bitmaps/character/level4.gif[/img] Broker Relations
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 Total Skillpoints in Group: 1,119,060
 Please note that you can start trading long before you reach these numbers. Also, this isn't the "ideal" stopping point, it's just a snapshot of where I've landed. This feels like an ok pausing point for my trader, so I've switched my training queue back to my main. I have 60-some market slots, and that is sufficient for now. There's no doubt that I could increase my rate of isk earning further by pushing a bit harder (first priority would be a rank or two of Wholesale, and perhaps one more rank of Margin Trading), but hey, the missus needs attention too.
-Initially I was excited by the potential strategy of Marketing, Procurement, and Visibility. But to be honest, with my style of trading they haven't been terribly useful to me. By contrast, I couldn't live without Margin Trading, Daytrading (as Altim points out below, great for updating orders on-the-go), my fee-reducers (Accounting/Broker Relations), and my number of market slots. I have not tried using courier contracts to have my goods gathered for me as Meridun suggests below, but this is definitely something I plan on experimenting with.
+Initially I was excited by the potential strategy of Marketing, Procurement, and Visibility. But to be honest, with my style of trading they haven't been terribly useful to me. By contrast, I couldn't live without Margin Trading, Daytrading (great for updating orders on-the-go), my fee-reducers (Accounting/Broker Relations), and my number of market slots. I have not tried using courier contracts to have my goods gathered for me, but this is definitely something I plan on experimenting with.
 Hope this helps any up-and-coming traders. Good luck and fly safe. o7