Sunday 8 September 2013

Getting s*** together

Trading activities ongoing made some progress on figuring stuff out so lets review last weeks goals:
Move assets to market hubs
I spend most of last Sunday gathering assets into local hubs and then moving them to my market hub. Most ship fittings have been moved to my market hub and sorted into three categories:
  1. Keep - items I think I'll have a use for in the future, or items I think I'll have to buy again, like skill books. Turns out I have skill books for all gunnery skills, just not the prerequisites to use them
  2. Sell - items identified by eve refinery as better to sell then reprocess. I'm still working through the list as I cant let them all take over my available market orders.
  3. Reprocess - items that are worth more as minerals. All of them have been reprocessed and most of the minerals have already sold.
Start selling/liquidating assets
As no doubt the paragraph above indicates I have started the liquidation process already, and liquidated almost 20million in assets. I'm a bit sentimental about liquidating certain assets, so the most valuable items are still in the keep pile.

Create training plan to increase trading efficiency
I have been slacking on my trading plan so far, I have most of the basic trading skill learned with most of them at level 4 so I'm currently picking the shortest ones. I could do a better job at this.

Figure out how to raise standings
Didn't get a chance to do much with this, push to next week

Start building a spreadsheet to analyse profits
Started doing some work on this but then I realized that I don't have the skills yet to build what I want. in the mean time I'm going to rely on Eve Mentat to approximate profits. Here is what I'm thinking I need to get a clear picture of profits:
  • Need to be able to create a weighted average of all buy (or sell) transaction for a particular item for a manually defined period.
  • Need to be able to grab accurate asset inventory and calculate value of stock in terms of both invested ISK to acquire and potential value of the sale, based on above values.
  • Need to have full API integration, to reduce the amount of copy and pasting
  • Optional I should be able to define a manual cost/value of item if no transaction history exists
  • Optional reporting features to identify, best profit items, fastest moving items, highest volume items.
My guess is this will require some sort of database back-end for data storage, with an update script to pull data from the API. I wonder if MS access will do.
I also wonder if I'm overthinking this, base on research so far I see a lot of people talking about doing their trading analysis in a spreadsheet.

Random thoughts of the week:
  • Apparently you can't sell/reprocess items in a container, find it a bit strange but not a game breaking discovery
  • The mineral market in trade hubs is very competitive, on most minerals the difference between the lowest sell order and highest buy order is 0.01 ISK. People must be making money outside the trade hubs on minerals
  • With buy orders for ammo currently going out as far as 5 jumps I see a lot of folks selling a stack of 100 or 200 in random place. I wonder if those folks are doing some tutorial industry jobs or just messing with me. I have to say going through 30 different stations to pick up ammo is not fun, and some of that ammo will collect spider webs for a long time.
  • Net worth analysis shows me I'm a bit shy in the market. Currently I'm only investing about 10% of my liquid ISK, with most buy order maxing out at ~5 million.
Goals for next week:
  • Work on standings
  • Work on a training plan
  • Do some more research on profits analyze

Wednesday 28 August 2013

Stumbling into Blogs

After spending a long time reading various blogs in the eve community i figured i would try my hand at one too. This blog is not meant to try to teach folks about various aspects of eve, but mainly to highlight my activities and maybe serve as a lesson to others.
I guess most people would call me a carebear, i have spent most of my time in eve in highsec and even though I'm interested in eve PVP i have always felt i was too poor to be able to sustain the habit.
So I'm aiming to change that, I'm looking to setup a decent amount of passive income and be able to get into more PVP.
My currently chosen income stream is trading, i have not been trading long, in fact its only been a few weeks. I'm starting slow mainly trading low value items, while i get the hang of it.
Since i only have a limited amount of play time every day, trading is all I'll be doing for now. To start trading i need to have a comfortable cushion of ISK, so i decided to start liquidating a bunch of assets i have been accumulating over the years.
Well its turns out I'm a bit of a hoarder with assets in over 30 systems in eve. Here's quick summary of what i found in my various hangars:
  • Lots of Slasher frigates from my time in RVB. these should bring in a nice profit
  • Several Rifters again from my time in RVB.
  • A various assortment of cruisers and battle cruisers from my missioning days. i might hang on to some for sentimental reasons
  • A couple of Amarr battleships from my incursion days. Will hang on to them for a quick buck now and then
  • Enough skill books to train my character all over, to bad i know all of them. i might end up selling these at a loss, but no reason to keep that ISK tied up
  • Miscellaneous mods that will either make a quick buck or go to the reprocessing plant.
This weeks goals:
  1. Move assets to market hubs
  2. Star selling/liquidating assets
  3. Create training plan to increase trading efficiency
  4. Figure out how to raise standings
  5. Start building a spreadsheet to analyse profits
Starting balance:
  • Liquid ISK - 420.000.000
  • Assets - unknown
  • Tied up in mark orders - unknown
 Current Tools:
  • Everefinery
  • EveMon
  • EveHQ
Any tips or tricks would be appreciated.