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Monday, 11 March 2019

Progress after 3 days

so, after 3 days trading my current wealth is 120m ISK (details at the bottom of this post).

A word on how i look at my wealth

If i had my way, i would disclose my wealth as ISK + the cost of items bought for resale.

However, i cant efficiently determine the latter and so i must use the value of my Sell Orders.  That is prone to a few problems, not least of which is i am likely to have to reduce the prices of a number of them before they are finally sold due to bits and pieces of competition.

So, to counter these future price reductions i take a 20% provision against my Sell Orders and so my wealth is ISK + Value of Sell Orders - 20% provision.

Alpha / Omega State

At best, Alpha will only allow me to get to 17 Sell + Buy orders per character.  And i got there by the end of Saturday.

Now, i could use alts to post additional sales - but that would require tedious logging on and off.

I could also set up a second account - which i did - but CCP have thought this through and i can't have both accounts logged on at the same time (darn!).

So, i bit the bullet and took advantage of the 50% offer of 1 month paid game time for my main character account.  £4.49 right there.  That would not even get you half a pint of beer in London.  But, to be safe, i will not have a pint next week.  Not one.

Anyway, onto a run down of my first 3 days

Right off the bat, i have to say it was a weekend, so sales are much better than normal.

Stuck to blueprints and a few skill books.  I am dropping the skill books for now until i get my head around what the coming patch means for them - thanks Aurra Jol for the heads up.

I am buying at Jita for 600k to 5m an item and selling in Dodixie for 100% and more profit.  The competition is very low and sleepy.  At the end of the day, the big traders don't bother with these items - they are too low ticket and won't move their dials.  So, i remain under their radar.  But i am on a mission so i am probably keener than the current competition.  With luck, i will be out of their hair soon.

Sales came in fits and starts, but when they did start they were strong.  Often i would log in to see a few million ISK in my wallet that needed to be reinvested.

By the end of Sunday, i had 23 Sell orders ready to face the Monday crowd.  For now, i can post a maximum of 33 Sell orders (Trade Skill 3 + Retail Skill 2).

They key to all this is to minimise the ISK i have in my wallet - i won't grow whilst sitting there, it needs to be in the form of Sell orders on the market.

So, for now, my routine is - very similar to 6 years ago:

  • I log in;
  • update my remaining orders to the lowest price;
  • note the new selling prices of the items that I have sold - I intend to buy these items from Jita to resell at Dodixie;
  • perhaps update my search for new items to sell, mainly blueprints, using EveMarketer (that is a really useful site);
  • fly to Jita (on auto-pilot, so I can be doing other things like reports etc for work);
  • buy new items to sell - I try and reinvest all my ISK leaving just enough to pay the broker fee to post the sell order at Dodixie;
  • fly back to Dodixie (again on auto pilot - no one is going to gank a catalyst carrying a few million ISK in high sec);
  • post the orders for sale on the Dodixie market.

Oh, and i did a little mining whilst i worked in at my desk - helps pays the broker fees and requires very little input from me.  That said, paint does dry faster than the ISK this brings in . . . . . . .

Current wealth is 120m ISK made up from:

  • items for sale 149m ISK
  • less a 20% provision 30m ISK*
  • items in storage for sale 0 ISK
  • ISK in wallet 1m ISK

I don't count assets I use in the course of my business such as ships, fittings etc nor do I add back any expenses such as skills purchased etc.  The wealth I disclose is made up of items that are ISK or are in the process of being converted to ISK.

* I take a 20% provision against the items I am selling.  Eve calculates wealth by adding up the value of the sell orders hence it is possible to increase your wealth by buying an item for 100m ISK and putting a sell order for 120m ISK (in this case your wealth would increase by 20m ISK).  For me, I want my wealth to be calculated at cost.  I know that the value of my sell orders will likely fall over time as I update my orders downwards as competition reduces their prices before my items are sold.  Hence the 20% provision is my best guess as to what the maximum reduction I would need to make to my sell orders as a whole before they are sold.  In an ideal world I would value my sell orders at the value which I bought the items for.


  1. So glad I kept my subscription this blog. Thank you.

  2. Good to see you back, 420b isk in the end huh... i never had achieved that even now lol

    1. thanks steev - yep, was good stuff by the end. I was making trips out to the Outer Ring to get Ore blueprints to post for sale. Used to enjoy those long trips out there, passing through systems with one or two people in them. And passing through warp bubble after warp bubble.

  3. thanks steev - yep, was good stuff by the end. I was making trips out to the Outer Ring to get Ore blueprints to post for sale. Used to enjoy those long trips out there, passing through systems with one or two people in them. And passing through warp bubble after warp bubble.

    1. apart from eve marketeer do you use any "special" software to determne what to trade or do you literally trawl through that website one item after another in otrder to find something suitable?

  4. You did return! WOOHOO!!

    I have caught up reading all of your blog entries. What a ride!

    1. Thanks Douglas. It will be interesting to see what items sell well compared to 6 years ago when I first started.