Cashing out PLEX

So, for Cyber Monday CCP is offering Omega status for 425 PLEX a month, rather than the usual 500. This represents a 15% discount when buying with PLEX. There is no corresponding sale with cash.

This has pushed the price of PLEX up, as people rush to buy PLEX with ISK to PLEX their accounts. In fact this has pushed PLEX to 3,500,000 per unit. I decided this is enough for me to cash out my holdings, and try and use the funds for other investments. As such I've set up a sell order in Jita:

I calculated that I have spent 25,729,205,120.00 ISK on 10,000 PLEX over the years, so this would represent a profit of 8,148,661,365.00 

Not too bad. Hopefully any future investments will return a profit a bit faster than PLEX though.

I got ganked

Well, this is a first.

It was my own fault really. On my Jita station trader, I sit in a Keepstar in Perimeter and set up buy orders with a range of 1 jump in order to cover Jita. Most of the time, my buy orders are filled in Jita, but occasionally they are filled in Perimeter. Most of the orders filled in Perimeter are Large Skill Injectors.

What I normally do in this situation is load the injectors into my Tayra (I know...) and make the lone jump to Jita to sell them. I used a Tayra due to my lack of skills on this character. This has never been an issue before, despite me knowing the stupidity of it.

Well, yesterday I was finally punished. Laden with a Large Skill Injector (thankfully just 1) and a few other modules, my cargo hold came to about 800 mil. I jumped into Jita, warped to station, but as I didn't use an insta-dock bookmark, I landed 2500m away from the station, unable to instantly dock. As I slowboated a tornado locked me and one-shot me. Ouch.

The silver lining is the skill injector didn't drop, so the gankers made a loss as well, but it still set me back most of the station trading profit for the week.

I had a lot of free time yesterday so I actually had my best day ever station trading, making 971 million profit according to eve mogul, but the gank means I'm only slightly better off than where I was at the start of yesterday.

Oh well, lesson learned, I now use an insta-warping frigate with an insta-dock bookmark, so I should be:
A) a less obvious target as I'm not flying a hauler, but a combat frigate
B) less likely to get ganked as I'm using an insta-dock bookmark and can't be caught on gate

Here's hoping it doesn't happen again.

November Update

I managed to play slightly more this month, and have had a few ideas on how to expand and mix up my trading activity in order to increase profits. My current status:

As things stand, I have 234.9 Billion ISK. That's 16.8 Billion more than last month. This is a slight increase on last month, but still not a record breaker. I tend to spend about 5-10 mins every morning before work updating orders (largely my Jita station trader). I have barely touched my Amarr station trader, something I'm looking to correct going forwards.

I have 3 accounts, with 6 characters dedicated to trading:

Jita Buyer

This is a character that sits in Jita and contracts items to my other characters. This character has no training, and simply buys from buy orders and contracts the items to my other characters. I tend to have this character logged in to act as a real time price comparison whilst checking my other characters orders.

Amarr Seller

My main money maker, with ~101 Billion in active sell orders at the time of writing. Finally, 100 Billion ISK in sell orders on a single character! I'm not sure how much more I can continue to increase the sells on this character, I assume I'll hit a peak at some point fairly soon. Takes implants and faction/deadspace modules delivered by my Rens character and sells them in Amarr.

Dodixie Seller

Very similar to the Amarr seller, he sits in Dodixie, takes receipt of items, then set up sell orders. Currently has 56.5 Billion in sell orders.

Rens seller/Hauler

Like the other characters, this character takes items bought in Jita and sells them in Rens. Currently has 59.4 Billion ISK in active sells. He also hauls my good from Jita to the other trade hubs in a Crane. This is mostly implants, so high value, small volume items. This means I can fit everything for all 3 characters in a single Blockade runner, which with its current fit has about 50k EHP, and can warp cloaked. For highsec this is basically invincible, so I'm happy hauling like this, for now.

Amarr station trader

I've branched out slightly into station trading. I have a character in Amarr that sits in one station, buys from buy orders and sells through sell orders. This character trades completely different items to the rest of my characters. I gave this character 1 Billion to start with, and he's currently on 4.5 Billion.

Jita station trader

My latest, and more serious station trader. I have a character in Perimeter in a player owned Fortizar, with 0.3% broker fee that sits in one station, buys from buy orders and sells through sell orders with a reach of 1 jump. This covers Jita. Most of my items are bought and sold in the Jita 4-4 station. This character trades completely different items to the rest of my characters. I gave this character 10 Billion to start with, and he's currently on 17.2 Billion. I spent the time to get faction and corp standing up with this character, and this is my attempt to take station trading seriously. It's going fairly well, making about 1 Billion a week on this character, but it is heavily dependant on playtime, unlike my inter-hub trading.