When you charge in blind, you’re bound to make a ton of mistakes and lose money. I think this is what they call a ‘learning experience’. Oh well.
My state of orders today as 72 buy orders and 40 sell orders, with 13 free. I’m not quite sure how I thought that would be sustainable, given that everything that comes in from the buy orders has to actually be sold. Duh. So, I endeavoured to go on an order cull.
I found tons of nice meta4 items that had profits of less than 500k isk on a flip, some even less. This is unacceptable for lower volume items. If I’m going to tie up an order, the market has to be (pick two):
- Have over 500k profit for a single item
- High volume
- Low competition
Now, its hard to find such idyllic markets, but one needs to know what one is looking for if one is to find it.
384m assets + 596m escrow + 1186m sell orders + 941mwallet = 3107m isk.. From those figures, I seem to be backsliding. I think jEveAssets is counting the assets that I have at Jita prices however, and I’ve purchased them specifically to be profitable in Rens. I’ll investigate further and see if I can figure out whats what.
I’m rapidly losing patience with station trading. I’m working WAY harder than I was retailing and making half the profits. It is probably the markets that I’ve chosen to take part in, but so far I am very unimpressed with station trading. I’ll shift to other markets soon to see how they fare, and if they are duds I’ll probably go back to retailing and then move into industry.
Note that this may be a reflection of my personality. I’m not prepared to sit there all day updating my orders. The opportunity cost for the isk I’m making is then way too low, considering. I’m not enjoying it, so its more of a drain and when I’m not getting results it is even more frustrating. I think I get more enjoyment out of mining, and that is saying something.