Game Time Codes GTC / ETC

This site uses Google AdSense to help pay for our gaming expenses but we have noticed that we are getting a lot of ads from ISK sellers. The mere mention of ISK in any website will bring flocks of them to your AdSense ads. We do not suggest using these services but instead make use of CCP's secure GTC trading system. Follow this link to the GTC forum and read all about it. You can buy and sell GTC's and if you make enough ISK in game you may never have to pay real money for your game subscription.

Topava suggests daytrading Oxygen Isotopes in Jita. Caution should be used as this is a volatile commodity.

M3 Cargo Space

Many pilots including myself have made the mistake of calculating cargo space incorrectly. This can be a heartbreaking and expensive error. If you are going to haul cargo for a living you must pay close attention to the size of cargo you will be purchasing. I am a fan of simple mathematics and glean most of my understanding on the subject through the application of more simple equations. Algebra aside the easiest way to figure M3 cargo space is to think of it in terms of U.S. currency. .01 M3 = $0.01 / .4 M3 = $0.40 and so on. So if I have 12500 M3 its the same as $12500.00 and knowing that I can easily divide cargo vs. cargo space. Clearly there are people who have a greater understanding of mathematics than I do but this works for me and honestly you're mostly here for the trade tips anyway!

Topava suggests trading Components regionally and cross regionally.

Trinity Downtime

It's hard to make ISK when the market takes up to a few minutes to load. When the server seems a bit fragile you may want to pull back and regroup. We took a little break yesterday, plugged in some long training skills just in case, and played a few of our other long neglected games. Not much can be done when your left click takes 10 mins. to show.

Topava suggests buying Mining Drone I's in Jita/The Forge and selling them in Todaki/Lonetrek

ISK and Coffee

Good morning! Well it's morning here and Trinity has just come back online. Across the ocean everyone is sneaking a little Eve Online at work or just getting ready to have supper. That is something to think about when you are a trader. It seems pointless to put in any buy orders first thing in the morning because everyone else is doing the same. What good is it to buy 1000000 units of whatever at 3.31ISK if fifty people come behind you and raise the buy price by .01ISK. You will soon get shuffled to the back of the line. Find a time when the market settles down for you and then put in your orders. Conversely it's always a good time to put in your sell orders, you never know!

Topava suggests buying Isogen in Jita/The Forge and setting it up as a sell order in Sobaseki/Lonetrek

Loss and Profit

Sometimes it may be necessary to take a loss in order to make a profit when daytrading high volume goods. If you tie up all of your ISK in goods but the market swings the sell price below your purchase price you can do two things. You can hold firm to your price and wait for the market to come back up, which can take months sometimes, or you can take a small loss and sell a little lower. This frees up your buying power so you can readjust your buying strategy and keep trading. Before you know it you will have recouped your losses and will be back in the black.



If you are not willing to take the short term loss then it is suggested that you keep enough ISK in reserve to continue trading even if prices fluctuate.



Topava, our trade reporter in Jita, suggests investigating cross regional trade of various Cloaking Devices.

Eve Online Market Interface

Lets have a more careful look at a fundamental function of the market interface that will help you earn more. There are two tabs, indicated by the white arrows, at the top left of the market interface. One is market data, the one most casual traders look at, and then there is the price history tab. Herein lies one of the keys to trading success.

I have placed two white arrows here in the price history tab that indicate a very important element of trade. This part of the graph shows how many units are being traded in a day over the whole region. Let me give you an example as to why this is important.


If you buy 2000 Drones at 3000ISK and list them for sale at 7000ISK you will make a nice profit, right? Maybe if you are lucky and can wait around a few weeks or a month for them to sell. The reason this may take so long is due to the amount traded daily. You bought 2000 Drones and if you were the only one selling them then you could possibly sell them in a day, but most likely there are several people selling the same item. There may be 100000 Drones for sale region wide and some will be cheaper so its going to take time.

For long term profits you can set up your sell orders and pull in the profits over time, regardless of how many units are traded daily. They will sell eventually.

For Day Trading the higher amount that is sold daily will more likely earn you an immediate profit.

Topava suggests trading Light Scout Combat Drones in Jita for long term profits.

The power of two...or not.

Many successful traders often have more than one account. I am lucky enough to have my wife, who plays as Topava, to interact with in-game. The two accounts can be used to cross reference market data in real time to exploit any regional differences in price or demand. Be very careful when using two accounts to do cross regional market research. Make sure both accounts are on the same item and check all of the details before making a purchase. An (Expanded Cargo I) can look very enticing when the other account is looking at an (Expanded Cargo II).


Topava suggests investigating buying Afterburners in Jita and selling them in other regions.

Remember to check the size (M3) of all cargo before you make a purchase.

Donchian Channel

Here is the Wiki definition:

The Donchian channel is an indicator used in market trading. It is formed by taking the highest high of the daily maxima and the lowest low of the daily minima of the last n days, then marking the area between those values on a chart.

The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. Its primary use, however, is for providing signals for long and short positions. If a security trades above its highest n day high, then a long is established. If it trades below its lowest n day low, then a short is established.

You can see the Donchian Channel and other useful information by going to the price history tab on your market window.

Isogen is still trading well. Topava suggests investigating Amarr prices for Isogen.

Margins

Volume trading is a wonderful way to make some ISK. There has to be sufficient activity to make it work. Look at the price history of the item you want to trade, if it only sells 200k per day then your 10 mil units of whatever at a profit of 0.05 ISK per is going to take 50 days to sell and net you 500,000 ISK. You must look at all the details closely. Don't tie up all of your ISK in long term investments unless you can spare it.


Bought 20k of (Small Shield Boosters I) in Jita.
Sold 20k of (Small Shield Boosters I) in Lonetrek region.

Trade Honestly!

A breath of fresh air.

Trading is fine today. Not great, not terrible, just fine. When someone asks you how your trading is today just reply, "Fine". If you say it's great they will hound you and hate you and if you say its terrible that just spreads discontent. Discontent spreads and soon none of us will be able to buy or sell anything.

Oxygen can be traded in Jita for an estimated profit of 20 ISK per unit.

Trading Boldly!

Isogen

Its fast, its easy, its Isogen!

This is one of the few minerals that you can buy in one place and sell in another for immediate profit.

Topava bought 2.5 mil. Isogen in Jita / The Forge Region for 62.47ISK.
Topava sold 2.5mil Isogen in Sobeski / Lonetrek Region for 65.00ISK.

Trade wisely!

Getting Started in Trading

I'm sure you are ready to start making the big ISK and not spend all of your time reading a blog so we will keep this to the point. Assuming you don't have piles of ISK laying about lets start from the bottom and work up.

You have just been hatched from the biomass and find yourself floating about in a brand new and totally worthless Ibis. This ship is good for one thing, beginning the tutorial. Now, go finish the tutorial and come back later.

To become a successful trader you need to focus on amassing some ISK. It does take ISK to make ISK. By the end of the tutorial you should be able to eek out enough ISK to start buying better ships and equipment. Keep mining and running missions until you can fly a Badger II. Don’t bother with shields or anything else for it, what you need is cargo space. Get yourself some Expanded Cargo II's and you are ready to trade.

That’s about all we are going to cover on ships and equipment. Lets get to the real reason you are here.

Trading…

Position Yourself for Profit

Welcome to Eve Online Trader, your source for up to date trading intel brought to you by Odin Industrial LLC (OILL). We are primarily focused on Caldari technology and trade and base most of our information on that experience. We encourage you to visit often and make use of the information herein to live a better life in the Eve universe. Davikson the Director of Operations for Odin Industrial will be reporting regularly on market trends and trade intel brought to you by our front line trade analyst, Topava. Topava is ready to answer an questions you may have in game so please feel free to evemail her anytime. Lets make some ISK!!