Saturday, 30 November 2024

November Update - Trading

 This month I have scaled back the amount of time I spend trading, basically doing 1 update/shipment on Mondays and Fridays to catch and then react to weekends where most of my revenue comes. I've done this mainly so I can concentrate on my Industry. However, some investment price moves make this month a record breaker, my current position:


My current net worth is 1.059Tn ISK, an increase of 76.2Bn ISK. That works out at 2.54Bn ISK/day.

That is record breaking! My previous highest month was 56.7Bn, so this is well above that. Also the first time I've managed over 2Bn a day! So how have I managed that whilst keeping my time played low?

First, I've focussed entirely on buying in Jita and selling in Rens, Hek, Dodixie and Amarr, and a little station trading in MJ-. The other characters I have not touched. They add very little to my business at the moment so I don't see it as being worth my time right now. In fact I intend to funnel some of their assets to the main group.

Second, my investments have been good this month. I was able to cash out of capacitor control circuits and power circuits for good margins, and HyperCores have finally shot up a bit. To the point that I've started cashing some of them out that were bought at a very low price. I have no intention of being caught short by a CCP sale a second time! I have put some of that money into other investments, namely Skill Extractors and Large Skill Injectors but I am intending to expand my main group this month as well.

Compared to the last couple of updates I haven't had any significant PLEX outlay either, though I am expecting more down the road so TBC in December.

So looking at last months plans:

  • Hit 1 Trillion. Again. Tick
  • Increase the amount invested in my BAU trading rather than investments. Sort of, want to lean into this more though
  • 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. Failed. I didn't log into that character once. Will do in December though
  • Targets for this month:

    • Move Tash-Murkon's stock and liquidate it
    • Make 50Bn operating profit (discounting any extra PLEXing I do to support industry)
    • Continue to expand the amount of money invested with my main group of traders
    Similar to last month the cadence works well for me, though with Christmas upcoming this month might be a little lower in terms of when I can log on.


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