Thursday, March 27, 2014

New Trading Markets

..I make my ISK trading, more specifically hub trading.  I export anywhere from 5-15 billion ISK a day out of Jita.  With my trading capitol at around 23 billion ISK, it becomes hard to spend all of that into items to export.  

This past week of trading I have profited about 4 billion. Couple that with me not updating my Market Quickbar, I'm finding that I have anywhere between 2-4 billion left over in my wallet, depending on how the markets are swinging on my portfolio.  I really don't want to have that much sitting in my wallet doing nothing, so I had to browse the markets looking for new areas for my ISK to go and multiply.

I happened to find eight new products that I was able to dump about 1.7 billion into, and my projected profits are in the 10-30% area.  These products also move very quick, and I've only tried to elbow my way into about 10-20% of the market share.

I'll report back in a week about my profits and experiences with these new products.  Hopefully I'll have made a good amount of ISK and also found a permanent item for my portfolio.  

After I've tested the waters for a week, I might try to up the ante and muscle some competitors out.  That will involve lowering the arbitrage to next to nothing for a few days, and forcing those who have stock to sell at break even or not worth the effort prices.  If I'm able to, I'd love to get 40% of the market for myself, even if I have to settle for a lower % in profits.  

Tell me what has been your experiences with searching for new markets to exploit.  

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