Friday 1 November 2024

October Update - Trading

 Another interesting month for a couple of reasons, though I maintain it has been a good one. My current position:


My current net worth is 982.7Bn ISK, an increase of 31.5Bn ISK, or 1.01Bn ISK/day

This is at least positive, but well below where I was, so why do I think this was a good month? 2 main reasons. 1, I started a new industry account, paying 20.2Bn for 1 years PLEX. I have now spent a total of 39.3Bn ISK starting up industry accounts. If I hadn't done this then my monthly profits would be 51.5Bn ISK, which is actually pretty good. 

The second reason is, against all odds the price of HyperCores have come down this month. I am honestly baffled by this one. The 2 for 1 sale ended, and PLEX has been spiking, so the true price for a HyperCore should be about 580,000ISK now, but it's going for 292,000 at the time of writing. I know a lot more people bought a lot more this time, so the stores people have are huge and some people will gladly cash out for a couple of % profit but the fact it's dropped by 5,000 in a month is insane. If it had just held level I'd be 3Bn ISK better off.

On the flip side of this I have cashed out several of my investments for a profits, Logic circuits in particular have done well for me, so it's not all bad. Considering I have hardly touched any characters other than my big 4 sellers (Amarr, Dodixie, Rens and Hek) and my null trader a bit, I'd call this a successful month.

I'm enjoying my Industry and the minute, so I think I'm going to continue to focus on these characters primarily and consolidate my trading to keep the required time down to a minimum. If I can continue to maintain 50Bn a month for this level of effort I'll be pretty happy as it allows me plenty of time for other things.

So looking at last months plans:
  • Hit 1 Trillion - Nope, though I would be if I didn't start another account. Will do definitely this month.
  • Increase the amount invested in my BAU trading rather than investments. - Sort of, I still have 246Bn in investments, but my money for BAU trading has increased a little. I think this'll be an ongoing thing really.
Targets for this month:
  • Hit 1 Trillion. Again.
  • Increase the amount invested in my BAU trading rather than investments.
  • Move the majority of my stock from Tash-Murkon to Amarr to liquidate and repurpose this character. Tash-Murkon frequently has expiries, and it's just not working out. I need a wholesale rethink here.
Similar to last month overall, but a rhythm I'm mostly happy with given the time investment involved.


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