As the week rolls by the prices on the market tend to drop but come Friday night the weekend frenzy begins. Do a little research and see what commodities go up and down with regularity based on the day of the week. If you see something that is hot on the weekend try buying it in the middle of the week then sell it on a Saturday or a Sunday.
Topava suggests stockpiling Isogen in Jita/The Forge. Isogen Prices are predicted to go up again by the weekend.
Friday, November 7, 2008
Thursday, November 6, 2008
Trade Routes (Part 3)
The NPC trade market is a living market. As NPC stations use the resources produced by other NPC stations the supply and demand fluctuates. The price swings can be more dramatically effected by player trading. We have found that with a larger hauler such as the Caldari Charon we can move more goods than a single station can absorb. This can take you far out of your trade route if you want to sell everything you buy the same day. If you have some patience however you can make this oversupply work for you. Find a station that needs your excess goods and leave them in your hangar. Go about your daily business and after a while the prices will start to go back up. Now, with the right remote selling skills, you can sell out of that stock in your hangar without even undocking. Here is an example of how this should work.
I bought 200,000 units of water. I dropped them off at a station and sold 1500 units at a time until the buy price dropped. I left the remaining stock in the station hangar. After a couple of days the demand has gone back up but I'm off doing something else 10 jumps away. Thankfully I have trained my trade skills up so I can just sell 1500 units again remotely. I keep doing this until the original 200,000 units are gone all the while maintaining my profit margins.
Make sure you can spare the ISK that will be tied up using this strategy.
Topava suggests having yet another look at buying Isogen in Jita/The Forge and selling it one jump away in Sobaseki/Lonetrek. You had better hurry because Topava is on this one for herself as well!
I bought 200,000 units of water. I dropped them off at a station and sold 1500 units at a time until the buy price dropped. I left the remaining stock in the station hangar. After a couple of days the demand has gone back up but I'm off doing something else 10 jumps away. Thankfully I have trained my trade skills up so I can just sell 1500 units again remotely. I keep doing this until the original 200,000 units are gone all the while maintaining my profit margins.
Make sure you can spare the ISK that will be tied up using this strategy.
Topava suggests having yet another look at buying Isogen in Jita/The Forge and selling it one jump away in Sobaseki/Lonetrek. You had better hurry because Topava is on this one for herself as well!
Wednesday, November 5, 2008
Trade Routes (Part 2)
Today we are going to give you an actual trade route that you can run and make some ISK. Don't get to excited, it's simple and we have left plenty of room for research. So grab your hauler of choice and get to it!
This is an actual route but be careful, prices fluctuate and this may not be viable all the time. Do your homework!
This route starts and ends in Sobaseki/Lonetrek.
Once in Sobaseki open your market window and purchase the lowest cost (Frozen Food) and (Water). You will be selling these later in your route. Don't get carried away and buy more than you can haul. Remember that supply and demand fluctuates so check the prices before you buy.
Jump to Veisto and sell your (Frozen Food). Buy more (Water).
Jump to Iidoken and buy (Mechanical Parts).
Jump to Isanamo and buy (Water) and (Frozen Food). Sell any of the items you are hauling if the price is right.
Jump to Sobaseki and sell everything. If someone else has beat you to it, which is not uncommon you can leave the excess cargo in your hangar and sell it once the market prices go back up or you can fly it somewhere else.
As a trader you must be flexible and move with the market, be patient and never take a loss. Hopefully this trade route has given you some insight and will inspire you to seek out your own, more profitable routes.
Topava suggests buying (Cargo Expander II's) in Jita/The Forge and selling them in various locations around the Lonetrek Region.
This is an actual route but be careful, prices fluctuate and this may not be viable all the time. Do your homework!
This route starts and ends in Sobaseki/Lonetrek.
Once in Sobaseki open your market window and purchase the lowest cost (Frozen Food) and (Water). You will be selling these later in your route. Don't get carried away and buy more than you can haul. Remember that supply and demand fluctuates so check the prices before you buy.
Jump to Veisto and sell your (Frozen Food). Buy more (Water).
Jump to Iidoken and buy (Mechanical Parts).
Jump to Isanamo and buy (Water) and (Frozen Food). Sell any of the items you are hauling if the price is right.
Jump to Sobaseki and sell everything. If someone else has beat you to it, which is not uncommon you can leave the excess cargo in your hangar and sell it once the market prices go back up or you can fly it somewhere else.
As a trader you must be flexible and move with the market, be patient and never take a loss. Hopefully this trade route has given you some insight and will inspire you to seek out your own, more profitable routes.
Topava suggests buying (Cargo Expander II's) in Jita/The Forge and selling them in various locations around the Lonetrek Region.
Tuesday, November 4, 2008
Trade Routes (Part 1)
Trade routes seem to be a subject of great mystery to many pilots so I am going to throw myself into a new project. Over the next few posts we will try to demystify the elusive trade route and show you how to profit from running the lanes.
The first step is selecting a region to work with. We are using the Lonetrek region for our study area since we are familiar with all the jump gates. We are also avoiding any low sec. space for now. Once you have selected a region to work in decide what trade goods you want to transport. Consumer goods tend to be smaller in size so this may be a good choice for pilots with limited cargo space. We carry industrial goods of a larger size in our freighter.
Now it's time to get to work. Fly to a system where you would like to start your route, we use our Corps. home system, and open the market window. Scan through the available goods for that system and buy something at a low price that will sell elsewhere for a higher price. Set an auto pilot destination to where you are going to sell your newly purchased goods. Now, make a note of all the systems in between your current location and your destination. The trick is to find goods in each system of your route that will sell further along in your route. Each time you jump to the next system check the market and adjust your flight plan to exploit more selling opportunities. Ultimately you will be buying and selling goods in every system along your route and as supply and demand renews you will be able to exploit this route over and over.
On the next post we will give you an actual trade route so you can apply what you have learned above.
Topava suggests buying Light Faction Missiles in Jita / The Forge and selling them in Todaki / Lonetrek.
The first step is selecting a region to work with. We are using the Lonetrek region for our study area since we are familiar with all the jump gates. We are also avoiding any low sec. space for now. Once you have selected a region to work in decide what trade goods you want to transport. Consumer goods tend to be smaller in size so this may be a good choice for pilots with limited cargo space. We carry industrial goods of a larger size in our freighter.
Now it's time to get to work. Fly to a system where you would like to start your route, we use our Corps. home system, and open the market window. Scan through the available goods for that system and buy something at a low price that will sell elsewhere for a higher price. Set an auto pilot destination to where you are going to sell your newly purchased goods. Now, make a note of all the systems in between your current location and your destination. The trick is to find goods in each system of your route that will sell further along in your route. Each time you jump to the next system check the market and adjust your flight plan to exploit more selling opportunities. Ultimately you will be buying and selling goods in every system along your route and as supply and demand renews you will be able to exploit this route over and over.
On the next post we will give you an actual trade route so you can apply what you have learned above.
Topava suggests buying Light Faction Missiles in Jita / The Forge and selling them in Todaki / Lonetrek.
Monday, November 3, 2008
Weekend Warriors
The weekend market can be a great place to pick up some quick ISK. Usually about halfway through the day prices have settled down from the morning rush and you can make some solid moves. The best weekend work tends to be cross regional so if you have the ISK and a hauler try buying and selling various commodities.
Topava suggests trading Isogen on the weekends, buying from Jita /The Forge and selling in Sobaseki / Lonetrek region. Amarr space is also a great place to buy Isogen!
Topava suggests trading Isogen on the weekends, buying from Jita /The Forge and selling in Sobaseki / Lonetrek region. Amarr space is also a great place to buy Isogen!
Saturday, November 1, 2008
Day Trading Minerals
This is ticklish business. If you are interested in trading minerals here are two solid strategies for going about it.
You can be a static trader, staying in a station and earning on the buy/sell margins. You can also be a mobile trader placing buy orders or buying outright from various locations then moving your minerals to the best price offered.
The first option is simple enough but takes a load of ISK and great trading skills to beat the broker fees and taxes. Mineral margins are very narrow. The second method even a rookie pilot can undertake. The farther you are willing to haul your minerals the more you will earn. Look for areas that are off the beaten path and try placing a few buy orders. Make sure you limit the buy range to one station or system otherwise you will be flying around picking up all the little odds and ends for days.
Topava suggests buying Caldari "Bantam" Frigates in the Lonetrek Region and selling them in Jita / The Forge Region.
You can be a static trader, staying in a station and earning on the buy/sell margins. You can also be a mobile trader placing buy orders or buying outright from various locations then moving your minerals to the best price offered.
The first option is simple enough but takes a load of ISK and great trading skills to beat the broker fees and taxes. Mineral margins are very narrow. The second method even a rookie pilot can undertake. The farther you are willing to haul your minerals the more you will earn. Look for areas that are off the beaten path and try placing a few buy orders. Make sure you limit the buy range to one station or system otherwise you will be flying around picking up all the little odds and ends for days.
Topava suggests buying Caldari "Bantam" Frigates in the Lonetrek Region and selling them in Jita / The Forge Region.
Long Haul
Freighters can be a great way to earn ISK. Forget about hauling in low sec unless you want to get ganked and lose about 850mil. plus whatever you are hauling. Player contracts really don’t generate much income unless you are willing to risk going into lawless space and you should do this in a jump freighter. If you want to jump right in and get the most out of your freighter make sure you have about 1.5bil. ISK left after buying it. Place some huge buy orders for minerals and trade the margins. Make sure you buy enough with a large enough margin to avoid spending all of your profits on broker fees and taxes.
Topava suggest day trading Liquid Ozone in Jita. Use moderation in your buy orders as this commodity moves slowly.
Topava suggest day trading Liquid Ozone in Jita. Use moderation in your buy orders as this commodity moves slowly.
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