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Day 10

Sometimes people can surprise you.  Today I received my data pad a day earlier than I expected, running as smooth as the day I received it, fingers crossed it will hold out over the coming days.  Rumours are circulating that Concord are imposing a complete ban on travel and the Capsuleer interfaces while it is being upgraded and this of course leaves a cloud over the market.  I have a feeling we could be seeing a dip in Mineral prices which causes all kinds of problems, rumours of a more efficient reprocessing method for several of the low-sec ores and drone alloys may also change things.  Because of this, I’ve stopped trading in Nocxium for the time being, I can’t say I’m experienced enough to ride the market in these periods of change yet and I’m sure the bigger traders are currently stashing away vast quantities of stock, I don’t wish to compete against.

Having the data pad back as also let me set up some new standing orders in Oursulaert, once again with small Antimatter charges, small Multifrequency crystals, Hammerhead and Hobgoblin drones, and tomorrow I will see this mirrored in Dodixie as well.  New Meta 2 module orders went up with a few new trials and I will monitor how these perform for future reference but I feel that maybe I might be able to get a better supply of them out of some of the low-sec regions, and I’m planning a trip to the Stacmon solar system in the Placid region, to gather some figures and see if this will be worthwhile.

All that is left is getting the Dodixie orders back up, exploring the salvage market in Jita to update my price list over the next couple of days and once again I’ll be back to where I was just before I started to be plagued by all kinds of technical problems.

It’s good to be able to compete on the 0.01 wars again.

Day 10 Stats

  • ISK in Wallet:  1,628,422
  • ISK in Escrow: 5,391,712
  • ISK in Sell Orders: 6,803,499
  • Total ISK: 13,823633
  • Profit: 1,628,082
  • Other Expenses (to date): 656,174

Day 9

I should of known something was about to go horribly wrong when the data pad was working fine in the morning.  The day started off well, and I decided that I would re-evaluate some of my standing orders, a process that was going to take some time to do, so I cancelled the current buy orders to release the money in escrow, then go pick up the salvage I had purchased overnight and then go buy some modules for resale in Jita, should be simple enough.

It turns out it was far from simple, in my haste using the station interface the previous day, I had made a huge error in one of the 3 salvage buy orders I had made.  Somehow instead of making a station wide order I had made a Region wide order.  Opening my hanger assets interface, I was somewhat horrified to see just how much of my trading capital was spread across the entire Sinq Laison region.  I would need to collect 25,000 units of salvage from well over 50 stations.

Deciding that the best course of action would to be to first go to Jita, selling what salvage I had from the Dodixie station, and to pick up some modules to sell while I was collecting.  I became painfully aware the whole time that I had no orders whatsoever running in the background for the first time since leaving the University of Caille.  For a trader this hurts profits a fair bit.

After an uneventful return trip from Jita and the modules now listed on the market I began the task of collecting the salvage.  Not one to look at the negative I noticed that large quantities of salvage had appeared in certain stations, showing a large number of active Capsuleers, taking note of this information for future reference, each had potential for ammunition sales and module buy orders; maybe this mistake wasn’t as bad as I had first thought.

This mistake also meant that I had to venture into low security or ‘low-sec’ space.  During our time at the University we had heard stories of lo-sec, how it was filled with blood-thirsty outlaw Capsuleers, who would destroy your ship and steal whatever was left for kicks.  While many of my fellow students remain fearful of this area and refuse to leave the confines of ‘hi-sec’ empire space, I wasn’t fazed, as by taking sensible precautions you can minimise any potential losses as a trader.

  • Leave whatever cargo you don’t need to take with you in a high-sec station on the border, so if you do get caught you still have your assets in a safe place.  Also make sure your ship is insured.
  • Do not rely on your autopilot, manually flying through all systems is advised, warping to 0km dramatically reduces your chances of being caught on a gate and attacked.
  • Plan your route in advance.  Both Dotlan and your Standard map can be configured to show how many ships/pods have destroyed in certain period of time.  If there have been a lot of kills then chances are the gate or station is camped, avoid it for now.
  • Watch the local communication channel, if you have jumped through a gate,  and you see a sharp increase in numbers, chances are that a scout spotted you and they could well be waiting for you to head to that gate.  In this situation stay docked up and enjoy some of the finer goods the station has to offer until the numbers drop again.
  • If you do end up caught, then don’t rage about it, if your pod got out, focus on getting out of the system and back to hi-sec and a new ship, if you lost your pod, then just carry about your business.  Do not express any anger or emotions towards the individual who attacked you, most of the time they are doing this for kicks and you have just made their day that much better.  Threats of Merc contracts and bounties are completely pointless and will make you look stupid.  These guys are professionals after all.

5 steps to make lo-sec easier as a trader, and could not be simpler to carry out.  I also plan to make a fuller more comprehensive list to low-sec survival elsewhere in my log at a later date which anyone can use.  I was in and out of low-sec in a flash only seeing a single Capsuleer the entire time.

The day was cut short by a complete failure of firstly my data pad and market sync, shortly followed by one of my cybernetics failing due to a corrupt link with the data pad.  I would be unable to continue any activity until it was fixed, as for the data pad it will be a couple of days before it is fixed, I will be relying on the station interface once again for a couple of days.  With no standing orders up, and with the strong possibility of the next day looking the same I was pleasantly surprised to see the daily results show that I have broke the 10,000,000 boundary and made a big profit on a very short day thanks to the module sales and the sheer volume of salvage despite the regional offer that was in Dodixie.  I don’t expect to see similar results tomorrow.

Day 9 Stats

  • ISK in Wallet:  6,874,101
  • ISK in Escrow: 0
  • ISK in Sell Orders: 5,321,450
  • Total ISK: 12,195,551
  • Profit: 4,216,074
  • Other Expenses (to date): 656,174

Day 8

We can build some of the most advanced and fearsome machinery to man and yet not a data-pad that can sync up to the market properly without the connection dying, leaving me as a trader with a whole host of problems.  Despite the odds I am still just about trading by going through the station’s public interface only useable for a short period of time and a good hour of travel through the station from my hanger quarters.

That being said, I’m still making trading runs between Jita and Dodixie, still buoyant after my success with salvage I’ve now set three large buy orders for items commonly found in the Serpentis wreckages.  The Serpentis a large pirate faction have been a constant menace to the Gallente Federation which has led to the constant employment of Capsuleers to remove them forcibly, which of course leaves me as the middle man with a very healthy supply to take advantage of.

While I could in theory make more ISK selling the salvage as a buy order in either Dodixie or Jita, I decided that I wanted something light and with instant turn around to take to Jita with me for sale for extra profit.   The idea of making more ISK in the same amount of jumps, making my small capital work harder.  So far it appears to be proving successful.  Though with the market constantly in a state of flux it is always a gamble, so another key lesson to learn is to have an escape plan.  Even if the buy orders suddenly dropped in Jita, I would still be able to sell the salvage at a profit, in either Dodixie or Jita, but it would lead my capital being tied up for longer waiting for it to shift, so overall it is a very safe bet.

The standing orders are still moving swiftly, with set orders for now both Dodixie and Oursulaert for small and medium Antimatter Charges, Multifrequency Crystals, Hammerhead I and Hobgoblin I drones currently providing a steady flow of income though I plan to soon re-evaluate them and the Navitas is still performing well above the level of what I need.

With the data pad and market interface syncing problems while expecting to make a healthy profit, I’m sure it will be a dip compared to yesterday’s figures, but never mind, work with what you can, and be grateful that you could work at all.

Day 8 Stats

  • ISK in Wallet:  76,959
  • ISK in Escrow: 3,971,402
  • ISK in Sell Orders: 3,931,116
  • Total ISK: 7,979,477
  • Profit: 2,036,366
  • Other Expenses (to date): 656,174

End of Week 1 Report

The first week saw a steady increase of profit, despite being completely new to market trading, starting in Oursulaert in the Essence region with a dip recorded on Day 5 due to moving to the Dodixie solar system in the Sinq Laison region and tidying up and relisting orders.

End of Week Stats:

  • Start of Week: 5,000
  • End of Week: 5,943,111
  • % Growth: 1188%
  • Total Week Profit: 5,938,111

Day 7

My decision to focus on regional trading is really paying off, waking up to what had been a flurry of overnight order activity, with the Tech II weaponry performing better than I had anticipated.  My standing station buy orders were now at a size where the daily income of goods was just about keeping up with the outgoing, in both Oursulaert and Dodixie that I had to begin looking at new items to trade in, settling for a trial on Hobgoblin and Hammerhead drones to see how they would perform over a couple of days before committing them to larger orders.

I also decided to look into the markets in Amarr empire space, while I completely abhor their slavery practices a new market is a new market.  Setting a course for Tash-Murkon Prime I ended up leaving with a few Meta 2 Medium Pulse Lasers, and generally unimpressed, next time I’d try the Amarr system, but for the meantime I would stick to Jita, Oursulaert and Dodixie.

A few days previously I had experimented once again with trying to station trade salvaged wreck components in Dodixie, this time a slightly higher quantity, and once again they were failing to sell, even when I was keeping ahead of the 0.01 wars, so while in Jita I checked the prices, and saw my first real opportunity at attempting to manipulate the market to my own gain.  Taking another load of modules back to Dodixie the numbers were beginning to race through my mind, and a nervous knot began to form in my stomach.  One of the salvage orders had a higher buy order in Jita than the sell orders currently being contested in Dodixie, with four largest orders plus my own in competition over the last couple of days with very little sales.  With the modules listed, I would have to wait to they sold to make my move but in the meantime, I modified the salvage order, being careful not to drop it so low that another Capsuleer would just buy it and relist it.  Sure enough the other orders followed suit, I repeated this three times, until the module sales were confirmed.  I had managed to drop the price by a mere 25isk per unit, but it was 25isk additional profit per item than I would have made.

A few taps on the data pad and nearly all of the salvage was in my hanger, loading up the Navitas I headed for Jita as fast as I could, the entire time doubts running in my mind, what if the orders had changed? What if I would have to relist them in Jita?  Both would have set me back noticeably knowing full well I could never compete with the sheer quantity and speed of market listing modifications in Jita, and I was counting on a fast sale by filling the standing buy orders to bring back more goods to Dodixie.

It paid off.  I was filled with an overwhelming sense of satisfaction and pride, I had manipulated the market, on a very small scale, and more importantly fellow Capsuleers and it had paid off, netting my biggest profit from a single run to date.  If it had gone wrong the results would have been terrible for me at this stage of my career, setting me back at least a couple of days.  The Caldari can gamble on those robot games of theirs, I have found my vice.

Day 7 Stats

  • ISK in Wallet:  720,912
  • ISK in Escrow: 1,710,762
  • ISK in Sell Orders: 3,511,437
  • Total ISK: 5,943,111
  • Profit: 3,156,090
  • Other Expenses (to date): 656,174

Day 6

Even Capsuleers make mistakes, and usually at the gain of another.  Today saw my first big error but thankfully it was a small order, even with cybernetic implants and advanced market interfacing it is still possible to put in an extra zero, so I ended up buying 150 units of small multifrequency crystals at 15,000 instead of 1,500 but thankfully the order was filled by the lowest station order of 7,999.  Unfortunately I also didn’t realise this at the time, even though alarm bells should have rang when the order was instantly filled so I relisted then at 6,500.  It wasn’t until they all sold and just by chance I was browsing my finical transaction history that I noticed my mistake.

Mistakes happen for a reason and it was a very important lesson to have learnt, while this was a small order, what some others would consider pocket change and not having a considerable effect on my own assets, double checking values is important, if it had been one of my larger module orders, I would have been in a bad situation.  In the future I can see this being the most valuable lesson of my trading career.

This mistake also led me to start reassessing my trading strategy, station trading I had now firmly established in my mind was not my ideal career, I enjoy plying the space lanes, and doing cargo runs and looking for inter-regional opportunities, so today I decided that it was time to do just that, and set a course for my Navitas to head for Jita.

Dodixie felt so insignificant compared to this place, I had always heard about Jita, and the Caldari systems in general having a heavier population of Capsuleers then any of the other empires, but this was beyond what I could have ever imagined. The station docking area was jammed full of freighters and industrials, and pilots of various corporations were watching the traffic no doubt looking for war targets to deny them the use of the hub.  The station was crowded and finding a quiet spot to analyse the market was a hard, in the end settling down in corner of one of the stations many busy bars, just catching glimpses of those robot battles on a holo-screen that the Caldari are so keen to gamble on.

I had been told you could find anything in Jita, and plenty of it as well, The station had an incredible number of Tech II module orders, the sheer volume driving down the price in comparison to Dodixie, I settled on hybrid weapons considering the region I would be reselling them, and the success I had had with the Meta 2 variants.  Buying an assortment of 150mm and 125mm Railguns, which given the sheer volume of trading going on, I was delighted to see them delivered to my hanger promptly.   With the Navitas loaded it was time to head back to Dodixie and update the outstanding orders.

Day 6 Stats:

  • ISK in Wallet:  35,423
  • ISK in Escrow: 778,158
  • ISK in Sell Orders: 1,973,440
  • Total ISK: 2,787,021
  • Profit: 1,213,483
  • Other Expenses (to date): 332,000

Day 5

One of the key lessons I learnt from the University was to keep your books tidy, something that had been drilled into me time and time again, and yet as soon as I was out on my own I had ignored it, with so many orders, I was pushing the very limits of my trade management skill and with most of the orders being able to be condensed I decided it was time to remove a couple of poor performing buy orders and merge some sell orders of the same module.  I am going keep the standing orders that had helped me make my small fortune in Oursulaert, small Antimatter Charges, small Multifrequency Crystals and a couple of Meta 2 modules but I wanted to try Dodixie again, now that I have a bit more capital to play with.

Overnight I had made my decision about upgrading the Velator, and brought a Navitas class frigate.  It was just what I needed, something cheap, fast and with a moderately sized cargo bay for moving small quantities of modules.  I did think about trying something more robust, after all the Navitas is a mining vessel, with the ship itself boasting an electronic interface designed specifically to work with mining modules, but with The Scope, IC and Concord reporting an increase in “suicide” attacks on trade ships across New Eden I decided that speed would be the greater asset.

Picking up the ship in Couster for just 12,500isk I decided that it would also make sense to increase my knowledge of market operations and so picked up the Retail skill book.  New theories and management principles merged seamlessly into my memory, while my cybernetics began to very crudely interface with the market itself, allowing me to have 33 orders at any one time.  I also picked up a couple more attribute enhancement skill books, and then departed for Dodixie.

Dodixie hadn’t changed since my last over-ambitious trip here just 5 days ago the local communication channel was filled with bizarre chatter and market advertisements both genuine and fake.  A few buy orders went up and I was once again trading, this time in a more hostile environment.  With the move and cleaning up of my books and the large number of buy orders waiting to be filled, I was only expecting a small profit

Day 5 Statistics:

  • ISK in Wallet:  2,615
  • ISK in Escrow: 400,289
  • ISK in Sell Orders: 1,169,633
  • Total ISK: 1,572,537
  • Profit: 103,612
  • Other Expenses (to date): 332,000