For some time now, the Sotiyo owned by EVE Mogul has been where my Amarr station trader has been based, to utilise the reduced broker fees (even more important with the recent tax hike). When I logged in 2 weeks ago however I found that the citadel was in its hull timer, and the market was offline.
Due to this and a combination of IRL stresses I have not really logged into this character since, whilst I managed other things and tried to decide if it was worth relocating to another citadel or to go back to an NPC station.
In that 2 weeks however, the citadel has been fully repaired, and I have access to the market again - Hurray! As such I'll leave him in place. I have a lot of orders to update now though.
Monday 5 August 2019
Sunday 4 August 2019
August Update
I've had an extremely busy - and stressful - month in real life, so my EVE time has been a bit limited. This, along with the PLEX price tanking has affected my profits this month. With that said, my current position:
As things stand, I have 459.5Bn ISK. This is an increase of 23.9Bn. This represents an increase of 746Mil a day. I was hoping to end up with 465Bn this month so I'm a bit disappointed by the dip. As you can tell, a lot of my investments have increased in price and sold, which is great. On the flip-side though, I have 7000 PLEX as an investment, and the price dropped from 4,159,000 to 3,799,819 ISK. That's a ~10% drop, which has affected my profit total. Additionally, I simply haven't been able to update orders regularly, and have had to relocate my orders on 2 characters.
Going forwards, there will also be the issue that CCP has increased the sales tax at Accounting V to 2.25%, and the base broker fee is now 5%. This means I need to sell items for 7.25% more than I buy them just to break even. I actually don't pay 5% as I have Broker Relations V on all my trade characters so it's a base of 3.5% but I only have standings increased to reduce this on my Jita trader and Rens seller. I may have to do some standings increasing on my other characters, but for now I'll simply pass on the cost to the consumer, by making sure that my sales have a slightly higher margin.
I have 4 accounts, with 9 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 am putting excess ISK into this venture, and watch delonewolf's EVE Talk to get ideas for things to invest in. Currently holding about 87Bn in orders and investments.
Amarr Seller
My main money maker, with ~154.8 Billion in active sell orders at the time of writing. 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 83.3 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 89.5 Billion ISK in active sells. He also hauls my goods from Jita to the other trade hubs in a Crane.
Hek Seller
My new character. Like the other high sec seller characters, he sits in a trade hub in Hek and sells items brought to him by the Rens seller. He was in a trade hub citadel, but that was put into hull turning off its market module so I moved to an NPC station like the rest of my selling characters, though this cost me about 1Bn in broker fees. Deals primarily in Rigs, faction modules and implants. I started this character off with 16Bn "seed" money and he's currently got 42.4Bn in sell orders. Needs to pay for his own PLEX every month, which shouldn't be too difficult.
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 10.2 Billion.
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.
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 52.5 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
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 R10-GN. 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 3.8 Bn in sell orders.
I largely stopped updating this character this month whilst the staging was ongoing, but I'll start him up again now that Horde are back home and it's business as usual.
Tash-Murkon Region trader
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 3.6Bn. Can fly a Crane, which speeds up my collections immeasurably.
As things stand, I have 459.5Bn ISK. This is an increase of 23.9Bn. This represents an increase of 746Mil a day. I was hoping to end up with 465Bn this month so I'm a bit disappointed by the dip. As you can tell, a lot of my investments have increased in price and sold, which is great. On the flip-side though, I have 7000 PLEX as an investment, and the price dropped from 4,159,000 to 3,799,819 ISK. That's a ~10% drop, which has affected my profit total. Additionally, I simply haven't been able to update orders regularly, and have had to relocate my orders on 2 characters.
Going forwards, there will also be the issue that CCP has increased the sales tax at Accounting V to 2.25%, and the base broker fee is now 5%. This means I need to sell items for 7.25% more than I buy them just to break even. I actually don't pay 5% as I have Broker Relations V on all my trade characters so it's a base of 3.5% but I only have standings increased to reduce this on my Jita trader and Rens seller. I may have to do some standings increasing on my other characters, but for now I'll simply pass on the cost to the consumer, by making sure that my sales have a slightly higher margin.
I have 4 accounts, with 9 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 am putting excess ISK into this venture, and watch delonewolf's EVE Talk to get ideas for things to invest in. Currently holding about 87Bn in orders and investments.
Amarr Seller
My main money maker, with ~154.8 Billion in active sell orders at the time of writing. 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 83.3 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 89.5 Billion ISK in active sells. He also hauls my goods from Jita to the other trade hubs in a Crane.
Hek Seller
My new character. Like the other high sec seller characters, he sits in a trade hub in Hek and sells items brought to him by the Rens seller. He was in a trade hub citadel, but that was put into hull turning off its market module so I moved to an NPC station like the rest of my selling characters, though this cost me about 1Bn in broker fees. Deals primarily in Rigs, faction modules and implants. I started this character off with 16Bn "seed" money and he's currently got 42.4Bn in sell orders. Needs to pay for his own PLEX every month, which shouldn't be too difficult.
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 10.2 Billion.
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.
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 52.5 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
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 R10-GN. 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 3.8 Bn in sell orders.
I largely stopped updating this character this month whilst the staging was ongoing, but I'll start him up again now that Horde are back home and it's business as usual.
Tash-Murkon Region trader
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 3.6Bn. Can fly a Crane, which speeds up my collections immeasurably.
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