Friday, January 30, 2015

January 2015 Profit Report - 9.3B

I haven't had much chance to undock and shoot spaceships, so once again my activity has been trading and manufacturing. Here's my trading profit report for the month of January, showing only my Jita trading character's work in categories that made more than 100M ISK during the month. The categories I didn't include added up to almost 600M ISK as a group. All this data comes out of Eve Mentat.

Overall Status

9.3B profit this month, 22B liquid isk, 10.7B in escrow, 16.5B of stuff in my trading hangar.

Trading Commentary

  1. Jump Freighter $4,081,628,255.16 
  2. Advanced Commodities $1,785,510,360.20 
  3. Rig Armor $442,954,331.40 
  4. Miscellaneous $368,094,098.98 
  5. Capacitor Booster $330,191,965.23 
  6. Rig Hybrid Weapon $274,777,660.61 
  7. Mining Upgrade $246,659,592.89 
  8. Outer $232,421,766.74 
  9. Remote Armor Repairer $225,203,779.80 
  10. Tattoos $221,325,396.59 
  11. Datacores $192,406,120.04 
  12. Hybrid Charge $131,253,168.81 
  13. ECM $129,453,489.49 
  14. Shield Hardener Blueprint $106,243,188.39 
Jump Freighters: 4B profit was less than the 6.6B I pulled in last month, flipping 9 ships. The margins just got too close, for too long, and at one point I was holding three ships which took a long time to sell. Best trade was a Rhea for 800M profit (after taxes/fees), worst was a Nomad that I lost 20M on after taxes/fees. I still consider this trade easy money, though, especially if you buy the ships in the low 6B range. The prices swings often enough that, if you're patient, you'll be able to sell for a nice profit. I wait for a 300M gap, which nets me 170M profit after taxes/fees.

Advanced Commodities: I got my PI operations into action again, selling a total of 4680 Self-Harmonizing Power Cores, Sterile Conduits and Broadcast Nodes. I'm pretty sure my cost figures are close to correct on these, but the cost of the P3 inputs to these items varies widely. I try and buy as much as I can when costs are low, but if I just need one of the three inputs to get the factory started, I'll buy it from sellers, just to get things moving.

One example: for the Power Cores (avg sell price 1.53M), I paid 45.5K for the camera drones, 76.7K for the hermetic membranes and 73.5 for the nuclear reactors. 6 of each comes to a total input cost of 1.17M. So that's about 350K profit on each Power Core, of which I sold 1453, for a profit of 605M. 

Imma keep doin' PI, which, I will state once again is utterly dependent on the juicy 0% tax rate I enjoy at our Aideron Robotics POCOs.

I have three factories in our home system and have also set up a fourth Advanced Commodity factory next door. I get to that one less often though.

Capacitor Booster: This little thing is amazing, though I'm running out of stock. Early this month I got 38 Micro Capacitor Booster Is (a pretty useless item) from just two transactions, plus several smaller deals, for about 6.8M each and they sell steadily for over 15M each. It adds up, especially when the price spike to 40-60M and sales actually increased!

Rig Armor: The Small Tranverse Bulkhead I rig is a license to print money. Cost 60K to build and I built and sold 3600 of them. The sell price stayed high this month, almost 200K, though its slipped in the last couple of days.

Mining Upgrade: Sadly, the Aoede Mining Laser Upgrade market totally dried up. A ton of buyers arrived, and though the price didn't move up much, the sales just stopped happening. I managed to buy and sell one, but took it off my list and actually haven't checked in again for a week or two. I'll check again, though, because this one has been very good to me.

Miscellaneous: The Gallente Beta Nexus chip is a quiet performer. Buy for ~2.7M, sell for ~3.5.  I bought and sold about 500 of these this month. Trades are "chunky"; they move slowly in small amounts until someone comes along and trades a huge amount at once. I put up orders for at least 100 at a time, so I don't miss out on those Big Trades.

Rig Hybrid Weapon: I manufacture and sell these at Jita; they're the Small Hybrid Locus/Burst/Collision/Ambit rigs. Cost 25K to make, sell for 50K-80K most of the time. I'm actually training my Jita alt to be able to run more manufacturing lines so I can make more of these (and similar rigs) as I often find myself looking at a great sell price with no stock available to sell. More lines needed!

Outer and Tattoos: Various apparel items. This is where I started trading expensive items but honestly its getting a lot harder than it used to be. I have a ton of orders that hardly ever get filled, and the items take a long time to sell. I think I'm going to phase out of the apparel market. It's nice to make 100-200M profit on an item that cost about the same amount, but it now takes so long that I could've probably made the same amount faster with other items.

Remote Armor Repairer: Small Remote Armor Repairer IIs can be bought for under 1M and, if you're patient, sold for 2M-4M. There was such a spike this month and I sold a good amount into that, but actually the "non-spike" sell price of 1.25M is attractive too; it's very steady and I'm selling my remaining stock at those prices, since the spikes are pretty infrequent.

Datacores: I'm buying/selling datacores at Jita plus I've set up cheap buy orders at Federal Defense Union stations in Essence. A lot of these sales were from stocks I've held for months, waiting for spikes. They're too infrequent, so I'm lower my expectations from a 150K sale to 130K, and buying around 100K or less.

Hybrid Charges: Gallente Federal Navy small ammo sells slowly at Jita, but with excellent profit margins. I buy at 250 ISK and sell at 800-1000 ISK, when the volumes dry up enough to push the prices. Honestly, I think I'm benefiting from pilot's following their fits too closely: "It says 1000 Fed Navy iron, so that's what I'll buy!" when Caldari Navy ammo is IDENTICAL and costs half that.

ECM: I noticed that meta 4 jammers sell in high volumes at Jita and with good profit margins. The Minmatar "Enfeebling" did most of the work here, buying at 100K and selling around 180K. For fun, I included the Caldari BZ-5 in my region-wide buy orders in Essence when nobody wanted them, buying for just 2000 ISK. I'd round them up with the other valuable stuff and sell for 250K at Jita.

Shield Hardener BPO: This trade is on hold because the price dropped too far, but it's probably going to come back soon; it always does. I buy it a few jumps away from Jita and sell for double the cost.

Closing Comments

Overall it's been another good month of trading; nothing unusual really happened. Oh, except the one poor bastard who picked up my 800M collateral courier contract and tried to deliver it to Jita in an Iteron Mk V. It was his first ship loss...not sure where a noob would get 800M to drop on a single freight run, or why they'd start with such a big, expensive cargo?!

I did learn a new trick this month, though. I bought a Bowhead (which Eve Mentat doesn't detect yet) for 1.7B when I saw that the cheapest sellers, at 1.8B were very few in number. I figured, correctly, that within a day or two, the sell price would go up to the high 1.9B range, where the next batch of sellers were positioned. I bought and sold the ship within a few days; a nice 200M profit.

However I tried the same thing with Jump Freighters and basically got stuck holding a white elephant. A new wave of sellers came in when Rheas were listed at 7.8B and quite quickly pushed the price down. It took a while to wait that one out and get a good price. The same opportunity came up again towards the end of the month and I deliberately avoided it.

I've looked at Eve ISK Per Hour to try and find new items to make and sell. There's some good candidates and I've started making/selling those. We'll see next month if it pans out.

Monday, December 29, 2014

Profit Report for Dec 2014

 Photo credit: Lending Memo

I've decided to be quite detailed about how I'm making money, not only to help others find a good trade, but to also attempt to ruin that trade and force me to find other stuff to trade :) You can read last month's report here.

Updated Jan 2nd 2015 to include all of December.

Eve Mentat shows me how much profit or loss I made for every transaction, so I grabbed the three thousand or so sales rows and dropped them into a spreadsheet to see which categories were best. Here are the results, and some discussion for each category that resulted in more than 100M ISK profit. My total profit this month is around 15B ISK, on revenue of 128.6B and costs of 111B, ending with 17B liquid cash, 4B in escrow plus 14B in stuff waiting to be sold. Also, I invested a 2B with a corpmate, bought a plex for 800M and sent 500M to The Angel Project.

Also worth noting is that these figures don't include tax and broker fees, which added up to, *gulp*, 3B ISK!

This is only data from my Jita trading alt. My main does some manufacturing and trading too, on a smaller scale.

Notable exception: The Small Rig Core category includes Small Ancillary Current Routers, which I screwed up and lost 380M on due to fat-fingering a sell order. I sold 800 of them for 80K instead of 800K. Had I not done that, there would be about 125M ISK profit in that category.

(Jeez, Blogger still doesn't have a simple table editor! Is this the past?)

  1. Jump Freighter $6,627,993,972 
  2. Mining Upgrade $3,004,757,304 
  3. Advanced Commodities $773,508,387 
  4. Outer $463,754,567 
  5. Tattoos $386,712,236 
  6. Rig Hybrid Weapon $382,623,450 
  7. Rig Armor $353,975,001 
  8. Tops $350,685,372 
  9. Datacores $289,117,034 
  10. Hybrid Charge $226,129,578 
  11. Cyberimplant $223,360,486 
  12. Capacitor Booster $174,297,518 
  13. Shield Hardener Blueprint $160,999,968 
  14. Hybrid Weapon $137,408,656 
  15. Warp Scrambler $125,806,889 
  16. Miscellaneous $117,160,041 
  17. Heavy Assault Missile $114,586,289 
  18. Super Weapon $111,897,864 
(Note: there a more posts on several of these topics in the archives, written as I was first doing that kind of trade, so please read older posts for more details.)

Jump Freighters are my new favorites. Since it costs 30M in fees/taxes to buy one, and a further 100M in fees/taxes to sell, I wait till there's about a 300M gap between the sell and buy orders, then try and acquire one with a buy order, in order to put up a sell order and flip it. It takes a couple of days for each step, though I did make one sale just a few hours after getting it. I did 29 transactions (ie flipped 14 or 15 ships, mostly Rheas and Arks), plus four Bowhead freighters (which don't show in the Eve Mentat data, for some reason.) On Dec 31st I bought a Nomad for 6.6B and sold it a few hours later for 7.7B. This price gap is still there, and I now have TWO more Nomads that I'm trying to sell!

Mining Upgrades - the lovely meta 4 Aeode has been so, so good to me! It consistently gives me a 300M profit on a 500M investment. That's the same profit I have to pay 6B for when trading jump freighters. I also bought/sold 13 or 14 of these.

Advanced Commodities are my P4 PI output: Broadcast Nodes, Self-Harmonizing Power Cores etc. Profit is high at the moment because I'm still using up the P3 supplies I bought when prices were lower. I only created and sold 640 units, all Self-Harmonizing Power Cores, which sold for up to 2.9M, a ridiculously good markup. Compare this with last month when I made almost 3000 units, with 860M profit, this month still did very well. This works particularly well for me because my corp, Aideron Robotics, has 0% taxes on our Customs Offices and a very cheap jump freighter service to Jita.

Outer/Tattoos/Tops: Clothing is a hard slog; the most expensive items trade very rarely.  There's a lot of 0.01'ing to do and my profits are actually being dragged down by me still getting through stock from before the price crash that hit some of the tattoos a few months back. But it still added up nicely! I've found that setting up region wide buy orders helps get new stock in, not just restricting my buying to Jita. I use public couriers to get the items to me.

Rig Hybrid Weapon: There's money to be made in T1 Small Hybrid Burst/Ambit/Collision/Locus rigs, if the stars align. They all cost 15-25K to make, and this month they all spiked in price to 100-300K each! That added up, as you can see, to significant profit, and I bought the ingredients, made the item, and sold them at Jita; never undocked for any of it, except to research some extra blueprints at Sobaseki next door.

Rig Armor profit is mostly from Small Transverse Bulkheads, which I wrote about earlier. They cost under 100K to make now, but the price spiked to 500K for several days, and came down quite slowly.

Datacores - I own mostly Gallente-flavored cores, which haven't been spiking to 150K like they used to. Still, it happened once so I sold about 15000 of various types at 130-150K each, some from my stockpiles and some newly acquired. I'm experimenting with buying and selling these at Jita when there's at least a 20K profit per item. I've noticed that they can be bought in bulk quite quickly compared to other items, and sold just as fast.

Hybrid Charge/H.A.M  I have written before about trading Caldari faction ammo, and this month I added some of their, and also Guristas, Scourge missiles to the roster. The supplies come in at a steady pace. Sales take a little longer, but are also reliable.

Cyberimplant Low grade spur gamma and delta implants keep showing up in the list of most efficient LP to ISK conversions, earning 4K ISK per LP, or higher if the price spikes (which is rare). I don't earn LP very often (sad face), so this is a good way to burn up my meager points. They sell very slowly, with the occasional bulk buyer helping move the piles.

Capacitor Boosters are an oddity in this list. I traded Micro Capacitor Booster I, buying at 6M and selling at 20-35M. I read up on them and they're collectors item only. Hard to get, but a very nice profit rate.

Blueprint/Warp Scrambler I found a steady and reliable trade in a blueprint that sells several copies a day for about 2M profit each time. Very little competition...don't know why. There are probably a lot of possible trades like this at Jita. You buy the BPOs from nearby systems from NPCs, then sell at Jita. The Warp Scramblers are meta 4 Faint Epsilons, which I acquire from region-wide buy orders in other regions at less than 2M each, then public courier into piles, and eventually to Jita. A fun trade if you like setting up pipelines of goods.

Super Weapon?! Yeah, when I was looking for items to trade, I saw that the four Titan doomsday weapons had a good markup, and very slow sales; about the same rate as some of the clothing I trade in. Why not try it? Well, I finally got a "Judgement" after about 2 weeks wait, and it took another  week for a public courier to move it to Jita from low sec, then 2 more weeks to sell. Fun once, but I'm not doing that again.

That's it for this month, I hope this post helps you find some good trades too. Take mine, I won't mind :)

Battalyst Fleet Part Two

Hendrik has posted this excellent video of our fearsome Battalyst fleet in action, with the highlight being the last fight, in which they tear apart all comers.

If you want to be in such fleets, apply to Aideron Robotics.

Wednesday, December 24, 2014

The Kindness of Strangers

Oh, that stung.

I thought I'd outdone myself last week when I blew 500M ISK into dust by selling a pile of stuff for 79K each instead of 799K each, but I made what will hopefully be my biggest and last mistake by evaporating 3B ISK.

I bought an jump freighter for 9.9B instead of 6.9B isk. Nobody to blame but myself; I was placing a new order, not modifying an existing one, and got the first digit wrong by typing a 9 instead of a 6. I've gotten used to typing these numbers out without checking too closely and bam, 3B ISK got spent. Pro Tip: When spending billions of isk in a single transaction, check your digits!

Next day, on Christmas, the story of the Very Shiny Jump Freighter continued to unfold. I had written to the seller asking, if he/she was so inclined, to give me a partial refund since that was a pretty big mistake on my part. I tried to sound non-whiny and assured them that it would be ok if they kept the money. They were very gracious and gave almost all of it back, for which I was very grateful!

The incident reminded me that a couple of days before I'd been the beneficiary of a similar error by someone else. They'd sold me a 300M item for just 300,000 ISK, to my top buy order of 145M. At the time I decided not to alert them, but felt slightly guilty about it. The generosity of the jump freighter seller spurred me into contacting the other guy and letting him know of his mistake, plus giving him 140M. A few hours later he wrote back and that was very nice of me, and that he hadn't noticed his error, and he gave me back 200M ISK!

Well, I can't even give the stuff away!

I reflected on my good luck, and the good nature of these two Eve players, and sent a donation of 500M ISK to Sindel Pellion's Angel Project. Hopefully the rolling ball of good karma will continue to pass to other capsuleers.

Friday, December 19, 2014

The End of the Aoede Mining Laser Upgrade? No.

CCP just announced the latest set of modules to be swept up in the module tiericide project. Unfortunately it includes th'lovely meta 4 MLU, the Aoede, which I regularly buy for about 500M and sell for 800M to 1B (a quick look at EveMon says I've bought/sold 10 of them in 12 days). The previous round of tiericide saw modules get merged together, so I suspect it's possible that the Aoede may no longer exist when the January 2015 release is done.

I owned six of them when the announcement was made, and was trying to sell them for about 950M. I lowered my price to about 880M, and thought for a minute....then decided to sell three of them directly to buy orders for 501M each. I basically got my money back on those, and left three on the market for 880M, hoping someone might buy them anyway, despite the uncertainty.  Luckily for me, a buyer picked up all three in one transaction!

Bullet dodged.

Edit from one hour later: CCP Terminus responded to a comment I made in the official forums.

Those are become faction modules with the same drop rate as before. Mining Laser Upgrades are not changing as much as some of the other module types when it comes to merging named modules. There will be more info out about the changes very soon.


Other Stuff

I'm using the free 20 days of multi-character training to buff my Jita alt's ability to fly a PvE Drake, and also buff her ability to research her own blueprints. Flipping Jump Freighters continues to be the most amazing thing I've seen in station trading :) I wait till there is at least a 300M gap between the buy/sell orders, since it costs me 130M to complete a buy/sell cycle.

Monday, November 24, 2014

A really good month of station trading

Piling up the ISKies

Before reading my post, if you haven't seen the new "This Is Eve" trailer, watch it now! I'll wait.

My fortunes shifted in a pleasant direction over the last month or so. I had been saving up my datacores and Planetary Interaction (PI) output, waiting for price spikes....and they all came at once. And other stuff spiked too. In a few short weeks my cash balance went to 12B ISK.

Looking for something to do with it, I trained up another level of Retail, allowing me 53 simultaneous orders. I looked through all the apparel items, including a lot of new stuff recently added to the game, with good profit margin and put up my offers. I also tried my hand at Jump Freighter trading! I'm currently training Retail V, so I can unlock the Wholesale skill and get another 64 order slots in a pretty short amount of time.

Here are some of the trades I did.

It's worth keeping in mind that I did most of the following without undocking -- this is all at Jita, on a character with about 500K skill points in trading.

My best trade was a tattoo that I bought for 800M and sold three days later for 1.9B! It took about 2-3 weeks to actually acquire it, though. Next up, a Rhea and Ark jump freighter, netting 780M and 490M profit each (not including taxes/fees around 150M each). It takes 6-7B to acquire these, so it's definitely not a starter item. During a price spike on Gallentean Starship Engineering datacores I sold 5000 of them for 200K each; a nice 1B ISK sale for around 440M ISK profit.

I pulled in 1.4B profit on my level 4 PI products, all of which were going through price spikes. I'd bought the P3 inputs for them a long time ago, when the prices were lower, so it was pretty easy to sell them in a strong market. The P3 and P4 prices have stayed high, so I'm not sure where this will go next. Remember, the PI stuff I do only works because my main's corp, Aideron Robotics, has 0% tax on its POCOs.

There were a couple of really satisfying sales too. I have a pile of 60 cheap tshirts that I bought for about 500K each, several months ago. I've been waiting for something interesting to happen and it finally did. The sellers all dried up! There was only one guy offering a single shirt, asking 2B for it. I joined the party at 1.5 billion with all sixty shirts...hey, you never know when Chribba might go drunk shopping! We drifted lower on price and I was able to sell one for 340M.

Small Remote Armor Repair IIs made a surprising price swing. They cost about 800K to make and usually sell around 1M each. But they soared to 4M and I had a good amount to sell, making about 500M profit. I'm acquiring more, waiting for the next swing.

There was also 425M profit in trading faction navy ammo, which has surprisingly frequent price swings. I highly recommend this for new traders.

In summary, Eve Mentat says I've made 6.5B profit on my station trader this month (10.5B profit in two months), and I have around 7B JUST in apparel sitting in the hanger. There's another 4B of assorted stuff, waiting for price spikes, to be sold too.

My PI efforts have ground to almost a halt over the past couple of weeks; we have unfriendly guests making life interesting in Fliet :).  I need to have corpmates escort me to/from the POCOs to deliver/pickup from the factories, but I don't have much chance to play Eve at home at the moment, and co-ordinate that activity, there's lots of RL stuff going on.

How Much Should Things Cost?

My homework involves finding out what the base price is for more items. Manufactured items are easy: you ask a blueprint calculator how much it costs to build. Items sold in the game's store are easy too: you check the price of Aurum and convert; i.e many Cybernetic Arms cost 1500 AUR, which is 250-300M ISK.

But there are many items which are not manufactured or bought in the store, including some apparel. I need to find out where they come from and what the "natural cost" would be.

Why? Because one of my rules of thumb is to look for stuff selling below its manufacturing/acquisition cost. That number usually acts as a price floor, especially on manufactured goods. It's not always true, though, especially in apparel. Most of the items available in the game store sell for less than the "real" cost.

Monday, October 13, 2014

High-Stakes Roaming in Brutix Navy Issues

French vs British at the Battle of the Chesapeake

We've been trying to get enough qualified pilots to field a Brutix Navy Issue fleet and last night we finally got the numbers.  We took out our BNIs, supported by Oneiros and Exeqs for reps, plus scouts and a smidgeon of other support roles. I think it's the most expensive roaming fleet I've ever been in, pound for pound, and there were some jitters at first. But we worked them out and went out looking for a fight.

We ran into a nice Templis CALSF gate camp in Heydieles, this Gila, Hyena and a couple of Caracals. It was very satisfying to take out that Gila at range. After docking up in Fliet we heard that some GalMil allies had found an Orca on a gate in Indregulle. We jumped into our disposable Catalysts and went to help kill it. It turned to be a bait Orca, equipped with a cyno generator! He jumped in a fleet of mainly Proteus ships, but it was too late, and their numbers too low. We killed the 700M ISK Orca, losing our disposable Catalysts -- an acceptable trade :)

We re-shipped into our BNIs, hoping to catch the Proteus's and their support ships. As we undocked, though, there were two ships watching us.  One was an Orthrus, a very juicy cruiser. Our FC had us all overheat guns and lock/fire at the same time, hoping to blap him before he could warp *almost* worked! He was in low structure when he finally managed to warp out.

Our BNIs arrived at Indregulle just in time to see the last Proteus warp away, so we didn't get a fight there. We headed back to Fliet with lots of happy discussion on the night's events, when someone found a Harbinger that had been around our area for a few days making life hard for our smaller ships. We sent in a reasonable force to engage him and point him, then jumped in our hungry BNIs to finish him off.

After that, we DEFINITELY docked up the BNIs, imagining that we'd be hot-dropped if we stayed out any longer.

That was a really fun night of Eve, with one fight flowing into the next, and quick re-ships.

Sadly I didn't get any video because my recording software had an identity crisis.


In trade news, I managed to nurse my buy/sell orders for most of the day at Jita; I was curious to see if would make a difference in the volume of trade I did. It did so, but unfortunately not in anything very valuable: apparel/tattoos/cybernetic arms continue to be pretty elusive. But I bought and sold a lot of other stuff and got good deals on the PI inputs I need, a lot of equipment I use to build ships for the corp.