I was asked the question ‘what about setting up buy orders’
and it can be a great source of extra profit… or a huge sink of time and
undoing the passive isk per hour paradigm. Also of note are the additional
skills such as Margin Trading “Starting
with an escrow percentage of 100% at Level 0 (untrained skill), each skill
level cumulatively reduces the percentage by 25%. This will bring your total
escrow down to approximately 24% at level 5.”, so the 100 million isk in
tritanium orders does not cost 100 million isk up front but rather costs a %
and then the isk when someone sells to the buy order. Daytrading could come in
handy for remote order update and some levels of trade / retail / wholesale/
tycoon for more outstanding orders.
Buy orders in Jita
are a great way to make volume but a headache for update times, people .01 isk
in Jita all day long. Vying for a commodity like tritanium in a trade hub which
is in practically everything is hard to do, there are too many players. Setting up blanket buy orders for way underpriced
minerals in or around where you manufacture is a great way of doing the buy
order profit game, but horrible on volume.
For example, sell
orders in Jita for tritanium is around 4.75 at time of writing, buy orders are
at 4.74 razor thin margins… One can just buy from the sell orders for volume
and not worry. If prices were different or if looking at a
different item, say Broadcast Nodes 1,382,000 sell order and 1,150,000 buy
order at time of writing. The difference of 232,000 isk a unit is much greater reward
but if a buy order is put in for 1,150,000.01 chances are in 10 minutes someone
will have .02, and then .03 so on. Someone could dump 100 units at onto the buy
order if the timing is right, but it is in my opinion tedious work.
The second example would be to set up a buy around the manufacture
location a little above the going buy order, system wide and just wait for it
to pile up and fly to collect it when the volume is sufficient. It may take longer to fill in any significant
volume but it will add to overall profit and should not be too crazy of a time
sink unless someone gets into the bidding war mood.
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