Translate this page

Some beautiful music to read the blog with

Friday, 15 March 2019

Progress after 7 days

so, after 7 days trading my current wealth is 241m ISK (details at the bottom of this post).

I am sticking with my daily strategy i laid down in prior posts of hauling items from Jita to Dodixie.  I Buy from sell orders in Jita and put these items up for sale in Dodixie.

The trick in all of this is to make sure my ISK is fully invested on the market.


My current Skills and skill queue are below - going all out to get the Trade skills up and running.

I can currently post a maximum of 45 sell orders, within 7 hours i will be able to post a maxim of 53, and then a long 9 day run to gain an additional 8 slots.

I pay 2.68% Broker Fee to post a Sell order and 2.0% Sales Tax.  In other words, every sale costs me 4.68%.  Over time, i will train skills to reduce that %.

The formula for Broker Fee is: BrokerFee % = 3%-(0.1%*BrokerRelationsLevel)-(0.03%*FactionStanding)-(0.02%*CorpStanding)

My Broker Relations Level is 3, my standing with the Gallente is 0.59 (FactionStanding) and my standing with the Federation Navy is 0 (CorpStanding).  At best, with Broker Relations Skill at 5 and perfect standings with the Gallente and Federation Navy i could get the Broker Fee down to 2.0

Sales taxes will only go down with the Accounting Skill.

The run down of my first 7 days

I am sticking to Blueprints.  They sell slowly.  Each blueprint i have up may make one sale a week.  But the competition is very sleepy.  No-one really moves their prices for a day or so at a time.  I am making way over 100% profit on each sale.  But it is slow.

My best guess is that the players posting Blueprints for sale don't have trading as their primary activity but rather some "passive" income on the side.

I have also started to move into implants.  They sell at least once a day each but the competition is more awake.  I am making c30% profits on each sale.

Right now, i have 35 Sell orders up in Dodixie coming to 299m ISK.

As a general rule, i don't aim to go into a market and shake it up.  My Sell orders are always 1 ISK below the lowest price.  There have been a couple of exceptions where the Dodixie price was so far above the Jita price that no sales were being made.  In these cases i posted my item for sale at less than half the Dodixie price, still making 1000% profit, and lo-and-behold i am making sales.

In all, i make up to 20-50m sales per day and try and reinvest all of that each day.

Current wealth is 241ISK made up from:
  • items for sale 299m ISK
  • less a 20% provision 60m ISK*
  • items in storage for sale 0 ISK
  • ISK in wallet 2m 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. The market trends and margin analyzer on helped me raise my first billion.