Milestone
I reached the first milestone.
Having a wealth of more than 1 billion ISK.
What has happened the last couple of days
This led to the unfortunate situation that my inventory is way bigger - in terms of ISK - as I would like to have it.
My problem now is simply not having enough spare sell orders available as I'm restricted to a maximum of 17 sell orders per character.
There are some items currently contracted. For these items spare sell order slots are already waiting.
But for the items in inventory, I need to wait for existing sell orders to be fulfilled. Then I can clear my inventory and put it on sell orders.
There are some items currently contracted. For these items spare sell order slots are already waiting.
But for the items in inventory, I need to wait for existing sell orders to be fulfilled. Then I can clear my inventory and put it on sell orders.
Another challenge I face is that my wallet size grows faster than my opportunities to invest.
Sometimes only 1 or 2 sell orders per market hub are available for me to fill with new items.
As my wallet size increases so much, buying and selling items for 20 million ISK or below does not accomplish my goal of having as much ISK as possible invested in the market.
Strategy:
My current strategy is identifying items that trade at least every 2 days.
They need to show at least a gross profit margin of 50% when comparing prices between Jita and the trade hub I plan to sell it.
My third criteria is that the Buy price in Jita needs to be below the 60 day average price. This is simply to avoid getting sucked in a price bubble where I eventually might not able to sell the item with a profit or at all.
My third criteria is that the Buy price in Jita needs to be below the 60 day average price. This is simply to avoid getting sucked in a price bubble where I eventually might not able to sell the item with a profit or at all.
To be able to invest my growing wallet size I will need to adjust some criteria. Either by reducing the required margin, or mabye by expanding the search to items that trade only every 3 or 4 days on average.
I try to update my prices at least once a day.
To avoid scrolling through all orders I copy/paste from my spreadsheet the names of items that need price updates and then I import them in the Quickbar.
I try to update my prices at least once a day.
To avoid scrolling through all orders I copy/paste from my spreadsheet the names of items that need price updates and then I import them in the Quickbar.
Items I trade
For the moment I sell few blueprints, and they are moving very slow.
Most of the items I sell successfully are implants and modules, mostly deadspace and faction modules.
Some of them have very little to no competition while others are showing 4 or more active sellers.
Next milestone: 3 billion ISK = equivalent to 500 Plex
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