This challenge is now going on for 69 days.
During the last week I finally hit the 4 billion ISK mark.
Learnings and tips
As pointed out in the last blog entry I recently changed my strategy.
In addition to the regular regional trading I do now use the order slots of my Jita alt to put up buy orders as well.
I put the buy orders out of a Perimeter based player owned structure, which allows me to massively safe relisting fees. I still keep buying directly from sell orders for regional trading if I find profitable opportunities.
After the buy orders have been fulfilled I either sell them directly in Jita or let them be hauled to Dodixie or Amarr to sell.
To reduce fees and contract rewards I reduced the collateral from 120% to 110% of the expected sell price. This led to a reduced effictive contract reward rate, which decreased from 1,5% to 1,2% in comparison to September.
Numbers
In Oktober I made sales of 12,2 billion ISK which is an increase of 1,7 billion ISK (or 16%) in comparison to September.
The ISK paid in market escrow rose from 8 billion in September to 10 billion ISK in October.
(I recognized that the final Profit or Loss numbers in my former postings had been flawed, because they did not account for the value of the outstanding sell orders. So I left them out of the following screenshot.)
My wealth rose by 1.648 billion ISK to 4.291 billion ISK - which is a whopping 62% increase month over month. As you can see, a significant part of this wealth is ISK put in buy orders and some inventory I still need to sell.
Next milestone:
Reaching a wealth of 5.4 billion ISK, which is equivalent to 1.000 Plex in current plex prices.
This would achieve the short-term goal of this challenge!
As indicated in my most recent blog entry going on accumulating ISK above the 1.000 Plex threshold would not bring any additional value neither to you readers nor myself.
What I will do instead is starting to buy Plex as soon as I reach a total wealth of 5.4 billion ISK.
The moment when I finally have transformed enough ISK currently tight up in assets into 500 Plex will mark the succesful end of this challenge.
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