Friday, November 25, 2011

Project Temporary Suspended

I'm sorry to say that I will have to temporary suspend the project for a few days/week for the Thanksgiving Weekend.  I pulled all the trade orders, and stopped any training the toon was doing.  This will allow me to basically freeze the account without affecting the results significantly.  The main issue is that I caught a pretty nasty bug the week before, and now I have a lot of company over till Monday.

Honestly, it will probably be a bitch to continue with this project in December, and I may have to do a relaunch of it sometime later.  Mainly, I spent the last couple of days buying crap off Amazon's Black Friday Lighning Deals, and now I have a lot of video games to play, a lot of video games.  I ended up buying another 360 to resell, and about 5 60 buck video games for 30 bucks each.  It's going to be a great winter!

Eve-Online wise I have been pretty busy.  I enlisted the help of a few friends, and we will be completely redoing all the guides on Isk Watch. It's going to be a lengthly endeavor, so stay tuned!

Tuesday, November 22, 2011

Day 21-24: Region Trading

End Of The Day
Isk: 54,298,227
Sell Orders: 137,850,395
Buy Orders: 148,112,364
Total Isk: About 339 Million
Skills Queue: Accounting 3 Marketing 4
Time Spent on Eve: 1 hour (4 separate logins)

I finally moved out of Jita to dead region around Amarr and it is much better for the limited amount of time I have to actually play the game.  I had a unexpected event happen this weekend, and I basically just logged into Eve once a day.  It also explains why my profits for the past 3 days were 9 million isk!

That is not really true representation of my profits for this weekend.  I had to spend 10 million isk on skill books, and I ran out of trade slots.  I finished retail 5 but I have not started training the next level skill wholesale.  All traders will experience this type of problem. They run out of trade slots, but they keep accumulating assets.  At the moment, I am estimating another 10 million isk in assets.  This means I made about 10 million isk a day for about 10 minutes of work a day.

That sucks!  It is the main reason behind the move to a different area of space where I am sure I can make more isk.  Trading like everything in Eve is dependent on the amount of time that a person can put into it.  It is more dependent on logging in over the course of the day then sitting down and grinding missions.  We still should be able to make a billion isk by the end of the 51 days! Stay Tuned!

Friday, November 18, 2011

Day 20: Ninja Salvaging

End Of The Day
Isk: 44,900,095
Sell Orders: 135,069,040
Buy Orders: 148,903,276
Total Isk: About 330 Million
Skills Queue: Broker Relations 4
Time Spent on Eve: 2 Hour 30 Minutes (3 separate logins)

I ran operation ninja salvage for about a total of two hours, and it was a lot of fun.  I would probe about about 5 ships and bookmark the locations with the probing ship.  Then I switched to the salvaging ship warped to the location and did some intense salvaging.  I made about 4 million isk in a hour.

There were a lot of key things that I learned, and I will likely run this operation a few more times before I completely post my finding.  My preliminary problems were my ship would run out of cap running 4 salvagers, travel time between wrecks, and finding enough mission sites.  I have to spend a lot of time scanning!

Trading for me seemed to slow down drastically, but I have a few plans to try and speed things up.  Either way, by the end of the 51 days we will have enough isk to cover a Plex, but I am shooting for over a billion isk!  Once this project is completely finished, I will be rework most if not all of the guides on Iskwatch.  I want them to be a lot more detailed and easier to follow. Stay tuned! 

Thursday, November 17, 2011

Day 18+19: 300 Million Isk

End Of The Day (2 Days)
Isk: 35,323,601
Sell Orders: 100,998,300
Buy Orders: 179,246,595
Total Isk: 315,477,496
Skills Queue: Energy Management 3, Astrometric Acquisition 2, After Burner 3. Jury Rigging 1, Astrometrics 3
Time Spent on Eve: 1 Hour 30 Minutes (7 separate logins)

I ran into a bit of a technical difficult, thus I am merging two days into one post.  To be completely fair, it was a technical difficulty, and I was distracted by Skyrm (good game). I did not get a chance to go ninja salvaging, but I did manage to get a lot of things done.

First of all, I reached over 300 million isk! That used to be the low cost of a plex before the prices skyrocketed.  That is under 21 days, meaning that in theory it used to be possible to earn enough isk to plex an account for people just starting out.  I guess it could still be possible if the new players understand trading from day one and run missions like crazy for seed money.  I highly doubt that will happen.

I set up everything needed for ninja salvaging.  I have two frigate ships ready to go.  I will be using a Heron with a probe launcher to do my scanning, and a Merlin to do the actual salvaging.  I think I will do it for 3-4 hours as soon as possible and post my earnings.  This will give everyone a chance to compare the earnings of this profession to trading.  To give ninja salvaging the best opportunity I will not include any of this set up time in the calculations.  I will fly to my target system, undock with the Heron, and then start the clock.  Once everything is all send and done, I will put up a new detailed guide on Iskwatch. Stay Tuned.

Monday, November 14, 2011

Day 17 - Operation Ninja Salvage in Two Days

End Of The Day
Isk: 38,305,050
Sell Orders: 90,276,200 (26/53)
Buy Orders: 154,541,447 (28/53)
Total Isk: 282,962,426
Skills Queue: Retail 5 (14 hours left)
Time Spent on Eve: 32 minutes (3 separate logins)

Operation Ninja Salvage will begin in about 2 days, I just need to finish training some extra skills.   I need to finish training up Astrometrics 4 so I can toss in Astrometric Acquisition and Astrometric Pinpointing.  It should be fun and exciting!

Trading wise nothing new to report.  I made about 25 million isk, which is not to shabby.  I received a few questions about where I am trading, and I figured I would take a minute to explain it.  I am trading in Jita, and other to run some of the tutorial missions, I haven't left the station.  I am pretty much only dealing with ship modules, but I do buy a few things just to reprocess them.

Otherwise, this will just be just a short quick update.  Stay tuned for more exciting things!

Sunday, November 13, 2011

Day 16 - Quarter of A Billion Isk Richer

End Of The Day
Isk: 40,579,768
Sell Orders: 114,569,800 (11/53)
Buy Orders: 95,812,858 (28/53)
Total Isk: 250,962,426
Skills Queue: Retail 5 (1 days 14 hours left)
Time Spent on Eve: 25 minutes (3 separate logins)

It took 2 weeks to turn 5,000 isk into just over 250 mil isk.  It has been a pretty slow ride, mainly because of how busy I've been at work.  It goes to show you that anyone with even a little bit of extra time can make a lot of money trading.  All they need to do is update their trade alts orders a few times a day, then log back over to their main to go pew pew!

My greatest enemy at the moment is my lack of trade slots.  I hit my skill level limit hard and it is severely limiting my actions.  I've been thinking about what sort of things people want to learn about, so if anyone has any suggestions please leave a comment.  I will start doing some ninja salvaging hopefully Tuesday or Wednesday.

I figured I would do something new for the official 250 mil thread, so here it goes.  This is the EMMA report for the last week.  It includes how much money was made per item, with some of the actual names blocked out.  I will release the names of everything I trade in at the end of this experiment, but be advised that it will just be a list of most things in the game. Here you go, Click to zoom in:

As you can see I made 150 million is this past week (about), but some of this is incorrect.  The trading program does not know that I reprocessed certain things to get the minerals that I sold.  It is assuming that I got all those minerals for free.  Anyways, lets shoot for 500 mil profit next week! Stay Tuned.

Saturday, November 12, 2011

Day 15 - Reprocessing Power!

End Of The Day
Isk: 31,948,223
Sell Orders: 65,432,986 (15/53)
Buy Orders: 134,438,986 (28/53)
Total Isk: 231,820,195
Skills Queue: Retail 5 (2 days left still)
Time Spent on Eve: 35 minutes (2 separate logins)

I opened up a new revenue of profit, buying useless stuff to reprocess it for the minerals.  It's an easy way to nearly double or triple your investment.  Look for ways to buy up certain items in large amounts for cheap, and then reprocess.  I don't bother putting minerals up for sale, instead I just sell it to buy orders.

This method of profiting can be doing really easy as a region wide buy order.  There are a lot of items that you can just buy at 1 isk in dead regions, or for just a fraction of their mineral value.  The hard part is putting all the stuff together, but those that do not mind a day of hauling can profit greatly.

I almost hit a quarter of a billion isk, and that is no laughing matter.  I will make enough isk to purchase a plex in the next week or so.  Trading wise I am still doing the exact same stuff, but I finally hit my trade slots limit with two days left on retail 5.  This is going to be annoying over the next few days, but it shouldn't pose any significant problem.  Stay Tuned!