I remember the day when I dreamed about affording a Drake.
Now, I barely remember to buy insurance on sub-battleships, as the little ISK I
might save after buying the ship, buying the insurance, and getting it blown
up, is nearly inconsequential.
After I became a semi-successful trader, I was constantly
approached by people asking me to ‘train’ them in the fine art of trading.
Unfortunately, most of the people looking to be ‘trained’ are looking for a
solid, one size fits all formula that they can follow every day…with the end
result being lots of ISKies piling up in their wallet.
That brings me to the first secret of trading. There is no
one way to do it. There is no one size fit all approach, or secret formula to
which we hold the key. Many traders fall into things by accident because of
other interests, or through talking with friends. Sometimes, you just get
lucky.
Secret # 2: It mostly takes work. I say mostly, because
sometimes you get lucky and make a ton of ISK on something you weren’t really
planning to make that much on. However, the rule is that it takes work to be
successful at trading. There’s research, and updating orders, and watching
prices, and more research. Some systems may be more hands off then others, but
there is no ‘five minute’ approach that will make you rich overnight. (Unless
you’re a good corp thief.)
Secret #3: Time is money. Trading includes a lot of ground
work, and some setup. Usually, those who are willing to go into it for the long
haul are the most successful. Those wanting to trade for a week and build up
their resources before going back to their dirty rotten pirate scummy lives
tend to get more frustrated than anything.
Secret #4: Trade what you know. If you’re a pvper, trade
ships and mods. Chances are you already know what people use most…If you’re a
carebear, research resources markets, and/or mining equipment.
Wow, very nice. So trading is basically just moving stuff from one spot to another to sell? You don't do any industrial stuff like making the things? Just buying and reselling?
ReplyDeleteIt depends. Some traders dont move things at all, but only trade from one station, depending completely on buy and sell orders. Others trade what they make, others buy and move to other locations. There are many different ways to do it.
ReplyDelete