Some beautiful music to read the blog with

Saturday, 20 December 2014

A quick low risk profit

I noticed this in Dodixie recently - a Brutix Blueprint being sold for 540.7m ISK when the going NPC price is 570m.  I am never quite sure what the seller has in mind with these sorts of sales but there we go.

A quick check on revealed that 570m is probably the universe standard price given it is driven by NPC sellers:

And a quick check on the volume of sales in Dodixie shows that a sale at that 570m does occur every week or so:
Therefore, I bought the Blueprint and reposted it at 569.999m.

And, sure enough, within a week it had been bought:

To me, that is an example of a very low risk way of making 29m ISK less broker fees (0.80% = 4.6m) and Sales fees (0.90% = 5.1m).  Sure, the net margin after all costs is (3.6%) but it is an almost risk free profit of 20m for 10 seconds work.


Monday, 1 December 2014

Someone has blundered

While perusing the market I spotted this below:

Someone has posted a Capital Energy Burst Aerator I for 1 ISK vs the normal price of 4.6m.

Not the biggest of blunders but I am willing to bet that the seller was infact trying to post a Buy Order for 1 ISK.

As ever, these blunders are for info - I can guarantee that I will make blunders and likely breakeven on the "blunder trade"!

Saturday, 22 November 2014

A Sense of Humour

Whilst putting a courier contract together i obviously tried to send it to the where i was.

Below is what popped up:

Seems someone indeed has a sense of humour!

Saturday, 15 November 2014

Eve Trading Youtube Casts - New page and sidebar

We now have two Eve Trading Youtube casts, as I discussed in this post.

I have introduced a page on the blog giving a description of the format of each of the Youtube casts.

I have also introduced a section on the right which allows a direct link to the playlist of each Youtube cast.

I am enjoying both of them.

Well worth listening to - I feel they are advancing the Trading community in Eve.

Sunday, 9 November 2014

Keeping a Youtube video always on top

If you are like me and want to keep the youtube video you are playing as the always on top window whilst playing Eve (or indeed any window always on top) then the below may be of help:


  • Google Chrome Browser (we can download that)
  • A Chome addon called "Picture in Picture Viewer" (we can download that)
  • Adjustment to the Chrome Browser settings (we can change that)


1. Download the Google Chrome Browser if you do not already have it

You can download if from this link or just search for it in google if you are not in the UK . . . . . . . . . 

2. Download the "Picture in Picture Viewer" addon from the Chrome Web Store 

If successful, you will see the below in the top right corner of your Chrome Browser:

3. Make an adjustment to Chrome

In the address bar type chrome://flags/ then press enter.  That should bring up Chrome’s experimental features window, complete with suitable warnings:

Now find the Panels Feature, as shown below.  Best way to do it is to search for Panels on the web page.

When you have found it, click the link to enable it (the link will change from "Enable" to "Disable".

From now, when you load up the youtube window in Chrome, you can press that icon and it will sit in the bottom corner of your screen and play as required.  To always be on top, it has to stay in that bottom corner though you can alter the size.  If you move it, it will no longer stay on top and you will need to move it to the bottom again.

Wednesday, 29 October 2014

Is there Inflation in Eve Online? Yes, of sorts.

The economic lecture at the May 2014 Fanfest would suggest there is no inflation in Eve Online.

The lecture, which can be viewed below, starts with the question of inflation from the beginning.

The data seems conclusive that outside of Plex there is no inflation in Eve.

However, there is a further point to consider - and this may square the circle as to why the player base (or at least many of the blogs i read) say there is inflation but the data says there is not.

This point is: as more of the game opens up to the player base either because the player base gets more skill points on average or CCP adds patches that allow players access to more and more equipment then the amount of ISK required to maintain a similar relative standard of living in Eve is going up.

Think about what you spent in your first 3 months in Eve vs your most recent 3 months in Eve - for sure, you will be spending more today to keep up with the demands of the game.

Furthermore, as ships specialise etc and more addons come about - we all seem to have additional ships / mods for this and that - again, we are spending more ISK to keep up with the demands of the game.

Whilst technically not inflation, there is an ongoing increase in the ISK required to play the game.

Another angle on the whole Plex debate.

Saturday, 25 October 2014

Plex over 800m ISK

I will just throw this out there - my view on the Plex price.

The Plex price has broken above 800m ISK yet volumes are on the decline.

Worth considering that the supply of Plex is not related to the demand for Plex in the same way that minerals and ships hulls are related, for example.

The demand for Plex is perhaps easier to think about.  The demand is some sort of a function of the growth in the Eve population and the wealth of the Eve Population.  As those increase then the demand for Plex should increase.  So far, so good.

The supply of Plex though is less obvious (or it may be and i am merely missing the point!).

The question i am wrestling with is why does a player want to buy Plex for $15?  Clearly, the answer is that the player wants to buy ISK (or, occasionally spends US$ to dual train etc).

If so, then the more ISK that $15 of Plex creates then presumably the less total US$ the player need spend to buy the total ISK that they require.

For example, if a player wanted to buy $4bn of ISK, today they would need to buy 5 Plex = spending $75.  One year ago, that $4bn of ISK would have required about 7 Plex = $105.

In other words, for a player to achieve a level of ISK then that player need not buy as many Plex today and so the supply of Plex has gone done.

(For now, lets assume that 4bn of ISK today would get the same as 4bn of ISK a year ago).

Hence, we have a situation where the demand for Plex is rising and the supply is falling.  Leads to a self-fulfilling price rise in Plex until one of the demand factors breaks and then we get a self-fulfilling price fall in Plex!

Of course, someone with a load of Plex could dump on the market and cause a fall, perhaps temporary.

CCP then has a balancing act on their hands - rising inflation leads to more ISK being required by players buying it using Plex (good for CCP, bad for the Plex price).  But rising inflation also leads to more wealth and so a rising demand for Plex (good for the Plex price).  Which will win, not clear.

Wednesday, 22 October 2014

Bringing the Game into Disrepute

Brace yourselves, a totally non-trading post but CCP / Eve Online related.  No ISK to be made or lost here.

I suspect Eve Online would benefit with such a rule "Bringing the Game into Disrepute".  Actually, i suspect this already exists in practice.

In real life, i am part of two professions.  Both are part of the career path i have taken.  Accounting and Investment.

Both have professional organisations with i join for an annual fee (combined total about $1000 - tax allowable).

They both have rules.

And they both have one rule that can see me expelled / fined for "bringing the profession into disrepute".  Effectively that would see me ending my career.

"Bringing the profession into disrepute" is a very hard to define but most reasonable people know it when they see it.  It is very much like trying to define pornography.

The beauty of such a rule is that it keeps up with accepted society behaviour.  What would be deemed to be acceptable before may not be acceptable today.

The double beauty of this rule is that if anyone on a vindictive trip deploys this rule against another member and the rest of the profession turn around and say this is not the case - then the vindictive  person themselves can be hit with the rule.  Maliciously deploying the rule for ones own purpose is clearly "bringing the profession into disrepute".

If this rule was in Eve Online then suddenly you can catch events where the community goes down the line of "i agree with the banning of XYZ but it is hard to find the line in the EULA where it was caught".

It's a catchall but only works with the consent of the community.

Cyberbullying springs to mind.

Saturday, 18 October 2014

Eve Online Trading Podcasts

On a former game I used to play (World of Warcraft) there were several podcasts specifically dedicated to discussing how to make gold in the various markets.

However, such podcasts have been lacking in Eve despite the economy and markets being much deeper and more interesting.  We have market tutorials on YouTube (see my video page for useful Eve videos) and in Eve University - but seemingly no weekly/monthly market or business podcast.  There have been some in the past - but long discontinued.

It appears we now have two podcasts (well, two youtube casts).

One of the Youtube casts has been going longer than this blog and I only just spotted it!

Eve Talk

That is Eve Talk by Delonewolf (I have already highlighted two his market and industry YouTube clips on my video page).  It is a weekly YouTube cast for 20 - 30 mins talking about what he's seeing in the markets.  Focused more on station trading, primarily looking to buy items at one point in time to store in a hanger to sell at later point in time at a better price.

Format is the same week to week: Starts with a talk on the Plex market, moves onto the minerals, then T1 ships, T2 ships, T3 ships and then a different market each week.  The discussion centres on what is happening by looking at charts and then Delonewolf gives his views on why this is happening followed by some trade ideas.

I have listened to the most recent ones and I like them.

Unfortunately they are mixed in with his other youtube clips - so the link above goes to his youtube page.

The most recent youtube cast from 18 October 2014 is below:

Eve Prosper Market Review

The second one, the Eve Propser Market Review, which just started on Thursday night US time is a stream and youtube cast by John Purcell (Lockefox ingame) of the Eve Prosper Blog.

The link above is to the playlist on his youtube channel.  The Youtube cast has the 50 - 60 minute show but not the question and answer session afterwards.

The show notes, including links to the charts used, detail what content is being discussed.

It starts with a general news segement (not really market related), followed by the market charts starting with Plex, then some interesting charts, then Minerals, Moon Products and the  Fuel markets.  Lockefox gives his views on why the prices and volumes are moving, and some ideas on potential trades to make.

The most recent youtube cast from 16 October 2014 is below:

I am excited about all this (albeit Eve Talk has been going a long time and i have not spotted it!) and i am hoping it will bring alot to the economy / business discussion on Eve similar to what was on World of Warcraft when i played it.

Wednesday, 15 October 2014

More low priced sell orders in trade hubs outside Jita

I came across a Sell order for 2 Capital Cargo Hold Optimization II in Amarr recently, as shown below.

The normal established Sell in Amarr was 563m or so.  Hence, this Sell order for 2 x 300m is clearly sitting way below the normal market level.

A quick investigation into the Jita Sell price showed that the established Sell price is about 380m and the established Buy price is 311m.

So, i could make 22m immediately - though after Courier costs and Sales taxes that gets to almost nil.  But, i suspect i could post them for 389m as Sell orders and fairly quickly make a 178m ISK profit before Taxes.

Hence, i bought them both and contracted Push Industries to haul them to Jita for me to sell.

And, sure enough, within a day they sold for 390m each.

So a nice 180m less Courier costs and Sales Taxes made.

The beauty of finding lowly priced Sell orders that can be hauled elsewhere to be sold at a profit at the established market level is that they are rarely scams.  Scams work by a Buy order being hugely above the normal market level to entice someone by purchase from a Sell order that is materially above the normal market level.