Sunday 7 October 2018

October Update

I've had even less time to play this month than usual. My play time has been limited to 5-10 mins before work mostly, with the occasional hour or two at the weekend. That said, my current position:


I haven't played between the 2nd and today, so this is the closest update I can give. As things stand, I have 218.1 Billion ISK. This is 13.1 Billion ISK up on last month. That is a decrease on the last couple of months. Considering I set myself a target of making 25 billion a month to hit 300 bil by 1st January, this is a very bad thing. I blame mostly my lack of playtime, and what playtime I have had has been mostly given over to station trading on my Jita alt rather than inter-hub trading.

I have 3 active accounts, with 5 characters currently dedicated to my 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 ~95 Billion in active sell orders at the time of writing. Very close to the magic 100 Billion on a single character. 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 55.4 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 56.2 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 4.45 Billion.

Jita station trader

My latest, and more serious station trader. I have a character in Perimeter in a player owned Fortizar, with 0.5% 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 12.7 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 almost 1 Billion a week on this character, but it is heavily dependant on playtime, unlike my inter-hub trading.

PLEX Holding

For a while, I was finding that I was having a lot of ISK lying around, not really doing anything. ISK in wallets can't make you money, so it's a bit of a waste of time having. In order to try and make some money with it I made several purchases of PLEX, most recently last August. The price has recently pushed back up to over 3.1 million each. Most of my PLEX was bought for 2.75 million each so when it reaches 3.2 million I'll probably cash most of it out and put the money towards other speculation.

Other investments

I'm increasingly finding that I can't re-invest all of my money after every trade run. Therefore I've started looking into mid term investments to make some money on price swings. My first foray into this was buying a bunch of Leopards just after the price inexplicably tanked. This hasn't produced much in the way of value yet, but I'm holding them for the near term. I think I need to do more careful research into my speculations in future, maybe look at the faction warfare swings.

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