Monday 4 February 2019

February Update

So, it's been closer to a month and a half, but what a month and a half from a profit point of view!


As things stand, I have 307.6Bn ISK. That is 37.3Bn more than on the 21st of December, which works out at 828 Million ISK per day on average. That is a notable increase on any other month. No doubt taking advantage of a bump in Christmas activity, but still I am extremely happy with this month, and my expansions into other avenues of trading are really producing a lot of money now.

I'm going to set myself a target this year of doubling where I was at the end of 2018, so I want 540Bn ISK by the 1st Jan 2020. This will mean making an average of 22.5Bn ISK a month, which should be pretty doable, expecially when you consider this month.

I have 3 accounts, with 8 characters dedicated to trading:

Jita Buyer

This is a character that sits in Jita and contracts items to my other characters. This character has little training, and mostly buys from sell 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. This character also manages my long term investments, though that doesn't take much work. I've managed to cash in quite a lot of investments out for 20%ish profit this month. I'm not doing a good job of accounting when it comes to these profits, but it's definitely earned me a few billion for very little work. I am putting excess ISK into this venture, and watch delonewolf's EVE Talk to get ideas for things to invest in. Currently holding about 50Bn in orders and investments.

Amarr Seller

My main money maker, with ~127 Billion in active sell orders at the time of writing.  I'm training Tycoon V on this character to increase orders to maximum. I'm not sure how much I can increase the sells on this character, but it doesn't seem like I've hit my limit in terms of ISK yet. 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 67.5 Billion in sell orders. No news with this character.

Rens seller/Hauler

Like the other characters, this character takes items bought in Jita and sells them in Rens. Currently has 68.3 Billion ISK in active sells. He also hauls my goods from Jita to the other trade hubs in a Crane.

Amarr station trader

Sits in a player owned Fortizar in Ashab, buys from buy orders and sells through sell orders with a range of 1 Jump to cover Amarr. 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 5.8 Billion. Again, I barely touched this character. When I do have the time and motivation to station trade I almost exclusively use my Jita trader, as he makes more raw profit. I keep mulling this over, but I may end up cashing this character out and either setting him up as a seller in Hek (the only high sec trade hub I don't currently operate in) or setting him up to region trade in the same way as my Tash-Murkon trader. Either way this character is cripplingly under-utilised, so I need to find a way to get him making more money without adding much if any time to my existing trading activities.

Jita station trader

My more serious station trader. I have a character in Perimeter in a player owned Keepstar, 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 34 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.

Horde Seller

A new addition to the trading roster. In a very similar way to the other selling characters, he takes items bought by the Jita Buyer, then contracts the items to "Valhalla Deliveries" (a delivery service for Pandemic Horde) to transport the items to the Horde Keepstar in O-V. He then sells them there for a profit. He trades primarily T2 modules, drones and scan probes. I set him up with 1Bn and he's currently at 2.2 Bn in sell orders. I'm really happy with the progress of this character, as I don't do the hauling myself he takes very little work and is making good money. I can log in one morning, update his sell orders, buy some new items and set up a courier contract, and by the next morning my items are there and there is money in the wallet to buy another shipment. I should have started this character trading a lot sooner!

Tash-Murkon Region trader

Another new character, and a different strategy altogether. This character sits in a player owned Fortizar in Tash-Murkon prime, and set up regional buy orders for modules, implants and drones. When a lot of orders have been filled I fly around and collect it all to sell in Tash-Murkon Prime. I set this character up with 100mil to buy his own skills and get started, after skills he had 70mil to buy items. Currently at 946 million. Can now fly a Crane, which speeds up my collections immeasurably. I'm really happy with the turnover and profit margins this character is making. The running around the region to pick up items is annoying, but I can leave my orders up for a week and a lot of them won't be contested, which is really nice. The margins are amazing as well. Will definitely keep this up.