Live moron of the weekend post. Did they spent the last month under a rock?
People having trouble making ISK with trading. Some rather go missioning assuming that if you have a really good ship and know the missions inside out (like which exact point they will spawn), you can get more ISK/hour.
The first problem is the "ISK/hour" metric itself. It's an employer-way thinking that runs under the assumption that the action has only the income as result. I run a mission, I have X more ISK, end of story.
Trading needs businessman thinking. Here much time is invested without any profit. For example when I run missions for faction standing, I often gain negative ISK as I have to pay someone (usually my girlfriend) to do the security storylines. Yet it creates a lasting effect: lower broker fees for the rest of my life.
The second problem is that trading income mostly limited by capital and not time. When someone has 1-2 B, his ISK/hour can easily be worse than the income of even a miner. But doing the same moves, simply with one more zero typed into the quantity field, the income grows largely (even if not 10x). The guys who were laughing on my first posts stating that I'm just picking breadcrumbs after rich people who can't be arsed to make 2 jumps for 100K went silent some time ago, probably when I hit 10B before my third month in the game. Or when I first passed 200M/hour. My business did not change since the first month, I'm picking the same breadcrumbs, just a lot with one click. One to measure his trading/manufacturing profit must measure the profit against capital and not time spent. The latter is maybe more interesting for the player, but it will naturally grow over time, unlike in missioning or mining.
The third mistake is the metric used for profit/capital. The commonly used is completely bad. It measures profit earned over one item. If I bought it for 100M and sold it for 120M (after taxes), I got 20% profit. It's surely better than selling another 100M item for 110, right? Absolutely not! You must factor time into the metric. If you buy the item on Monday and sell it on Sunday, you got 20M during the week. If you buy an item every day and can sell it for 10M more on the evening of the same day, you got 7*10M income! To see exactly how the calculation shall go, let me show you an item from my wallet. Actually it's the wallet of all my alts, merged and sorted by time (I trade on Jita, Rens, Amarr and my Dodixie alt just started up, hence the jump in income this week).
The first column is date, the second is item amount bought or sold, the third is the price after subtraction of taxes. The last one is critical, it's the stock size. It increases whenever I buy and decreases when I sell. Multiplied by the price of the item it tells the capital used for this item in that moment.
The "76.94" is the sum of the buys and sells. Watch out, it's not the net profit, as I have 5 items in stock (last row, 4th column), which worth at least their buy price, 90M each. So the net profit is 526.9M.
The "2.24" is the average of the stock. So on average I have 2.24*90 = 201.6M capital locked down in this business. Actually this isn't accurate since it should be weighted by the times. If I buy an item and hold it for a month, my stock size is 1, if I sell it in a minute, it's near zero. However the distribution of buys and sells are random enough to let me be lazy and use EXCEL instead of coding.
Now the real metric! The one we have to know evaluating this item is the monthly profit per capital. Luckily the time frame of this table is exactly one month, so I just divide total profit by capital locked, getting 261%. Nice profit.
To see the importance of this metric, lets see a much less fortunate item. The one I bought 110 instead of 10 by accident:
Unfortunately to create these calculations I had to copy-paste the wallet table (before that fishing in the CSV returned by the API) since no program provides this data. However knowing it is necessary to figure out proper stock size: the less items you buy at once, the higher this metric will be at the cost of less overall profit on the item (as you lose sales when you are out of stock). The perfect situation is when all your items have the same profit/capital/time and no other item (the ones you don't trade) has higher, even with one item on stock. It also means that as your capital increases, you can include more and more items or higher and higher stocks, your profit increases but with diminishing returns.
Making the same calculation for manufacturing is even harder as you have to assign the materials and the production costs to a project, define clear entry and exit points (which are obvious for trading). However I'm sure that most industrialists would be very surprised to see that their pet ship business brings some joke profit, like 20-30%/month.
If you are up to coding and want to create a useful tool, make this and I'll make it "famous" on my blog. Just make sure it's open source and doesn't need closed source programs (besides ones in control of CCP). I won't suggest or even use closed third party code that require my wallet API key for obvious reasons.
EVE Business report: Friday morning 14.5B (2 PLEX behind for second account, 0.3B spent on Titan project)
Remember that you can participate in our EVE conversations on the "goblinworks" channel (60-80 people on peak time) and your UI suggestions are welcomed.
People having trouble making ISK with trading. Some rather go missioning assuming that if you have a really good ship and know the missions inside out (like which exact point they will spawn), you can get more ISK/hour.
The first problem is the "ISK/hour" metric itself. It's an employer-way thinking that runs under the assumption that the action has only the income as result. I run a mission, I have X more ISK, end of story.
Trading needs businessman thinking. Here much time is invested without any profit. For example when I run missions for faction standing, I often gain negative ISK as I have to pay someone (usually my girlfriend) to do the security storylines. Yet it creates a lasting effect: lower broker fees for the rest of my life.
The second problem is that trading income mostly limited by capital and not time. When someone has 1-2 B, his ISK/hour can easily be worse than the income of even a miner. But doing the same moves, simply with one more zero typed into the quantity field, the income grows largely (even if not 10x). The guys who were laughing on my first posts stating that I'm just picking breadcrumbs after rich people who can't be arsed to make 2 jumps for 100K went silent some time ago, probably when I hit 10B before my third month in the game. Or when I first passed 200M/hour. My business did not change since the first month, I'm picking the same breadcrumbs, just a lot with one click. One to measure his trading/manufacturing profit must measure the profit against capital and not time spent. The latter is maybe more interesting for the player, but it will naturally grow over time, unlike in missioning or mining.
The third mistake is the metric used for profit/capital. The commonly used is completely bad. It measures profit earned over one item. If I bought it for 100M and sold it for 120M (after taxes), I got 20% profit. It's surely better than selling another 100M item for 110, right? Absolutely not! You must factor time into the metric. If you buy the item on Monday and sell it on Sunday, you got 20M during the week. If you buy an item every day and can sell it for 10M more on the evening of the same day, you got 7*10M income! To see exactly how the calculation shall go, let me show you an item from my wallet. Actually it's the wallet of all my alts, merged and sorted by time (I trade on Jita, Rens, Amarr and my Dodixie alt just started up, hence the jump in income this week).
| Date | Transaction | Price (M) | Stock |
| 2012.03.26 14:49 | 2 | -180.00 | 2 |
| 2012.03.27 04:32 | -1 | 96.03 | 1 |
| 2012.03.28 16:17 | -1 | 94.05 | 0 |
| 2012.03.29 18:27 | 2 | -180.00 | 2 |
| 2012.03.30 03:47 | -1 | 97.02 | 1 |
| 2012.03.30 05:43 | -1 | 97.02 | 0 |
| 2012.03.30 11:57 | 2 | -180.00 | 2 |
| 2012.03.30 17:05 | -1 | 97.02 | 1 |
| 2012.03.30 18:06 | 1 | -90.00 | 2 |
| 2012.03.30 19:17 | -1 | 95.04 | 1 |
| 2012.03.30 19:44 | 1 | -90.00 | 2 |
| 2012.03.31 01:44 | -1 | 95.54 | 1 |
| 2012.03.31 04:24 | 1 | -90.00 | 2 |
| 2012.03.31 05:54 | -1 | 95.24 | 1 |
| 2012.03.31 06:50 | -1 | 95.04 | 0 |
| 2012.03.31 08:11 | 3 | -270.00 | 3 |
| 2012.03.31 12:47 | -1 | 95.34 | 2 |
| 2012.03.31 13:31 | -1 | 95.34 | 1 |
| 2012.03.31 13:35 | -1 | 95.34 | 0 |
| 2012.03.31 13:51 | 3 | -270.00 | 3 |
| 2012.03.31 15:28 | -1 | 95.34 | 2 |
| 2012.04.01 03:45 | -1 | 94.05 | 1 |
| 2012.04.01 06:07 | -1 | 94.05 | 0 |
| 2012.04.01 08:05 | 3 | -270.00 | 3 |
| 2012.04.01 13:23 | -1 | 94.05 | 2 |
| 2012.04.01 17:06 | -1 | 93.56 | 1 |
| 2012.04.01 19:47 | 1 | -90.00 | 2 |
| 2012.04.01 20:30 | -1 | 93.06 | 1 |
| 2012.04.02 04:19 | 2 | -180.00 | 3 |
| 2012.04.02 06:02 | -1 | 99.00 | 2 |
| 2012.04.02 15:40 | 1 | -90.00 | 3 |
| 2012.04.02 18:21 | -1 | 92.57 | 2 |
| 2012.04.03 11:42 | -1 | 92.07 | 1 |
| 2012.04.03 14:06 | 2 | -180.00 | 3 |
| 2012.04.03 15:06 | -1 | 92.07 | 2 |
| 2012.04.03 17:28 | -1 | 92.07 | 1 |
| 2012.04.03 17:44 | 3 | -270.00 | 4 |
| 2012.04.04 03:17 | -1 | 92.07 | 3 |
| 2012.04.04 04:10 | -1 | 92.07 | 2 |
| 2012.04.04 04:13 | -1 | 92.07 | 1 |
| 2012.04.04 04:45 | 3 | -270.00 | 4 |
| 2012.04.04 09:26 | -1 | 92.07 | 3 |
| 2012.04.04 12:09 | -1 | 92.07 | 2 |
| 2012.04.04 13:54 | 2 | -180.00 | 4 |
| 2012.04.05 20:47 | -1 | 91.58 | 3 |
| 2012.04.06 00:47 | -1 | 91.58 | 2 |
| 2012.04.06 04:55 | -1 | 91.87 | 1 |
| 2012.04.06 15:05 | -1 | 92.57 | 0 |
| 2012.04.07 05:37 | 1 | -90.00 | 1 |
| 2012.04.08 06:38 | -1 | 95.04 | 0 |
| 2012.04.08 12:55 | 1 | -90.00 | 1 |
| 2012.04.08 14:18 | -1 | 94.94 | 0 |
| 2012.04.08 14:50 | 2 | -180.00 | 2 |
| 2012.04.08 15:12 | -1 | 97.02 | 1 |
| 2012.04.08 15:45 | -1 | 97.02 | 0 |
| 2012.04.08 15:47 | 1 | -90.00 | 1 |
| 2012.04.08 15:52 | 1 | -90.00 | 2 |
| 2012.04.08 18:10 | -1 | 98.01 | 1 |
| 2012.04.08 18:33 | 2 | -180.00 | 3 |
| 2012.04.08 19:15 | -1 | 98.01 | 2 |
| 2012.04.08 19:36 | -1 | 98.01 | 1 |
| 2012.04.08 20:25 | -1 | 98.01 | 0 |
| 2012.04.09 01:58 | 2 | -180.00 | 2 |
| 2012.04.09 07:07 | -1 | 98.51 | 1 |
| 2012.04.09 12:21 | -1 | 98.51 | 0 |
| 2012.04.09 14:47 | 1 | -90.00 | 1 |
| 2012.04.09 16:24 | -1 | 98.01 | 0 |
| 2012.04.09 18:11 | 2 | -180.00 | 2 |
| 2012.04.09 20:20 | -1 | 97.02 | 1 |
| 2012.04.10 01:33 | -1 | 96.03 | 0 |
| 2012.04.10 07:41 | 2 | -180.00 | 2 |
| 2012.04.10 11:54 | -1 | 96.03 | 1 |
| 2012.04.10 13:46 | -1 | 96.03 | 0 |
| 2012.04.10 17:33 | 2 | -180.00 | 2 |
| 2012.04.10 19:44 | -1 | 96.03 | 1 |
| 2012.04.10 22:10 | -1 | 96.03 | 0 |
| 2012.04.11 01:19 | 2 | -180.00 | 2 |
| 2012.04.11 02:18 | -1 | 96.03 | 1 |
| 2012.04.11 07:37 | -1 | 95.54 | 0 |
| 2012.04.11 13:00 | 2 | -180.00 | 2 |
| 2012.04.11 13:55 | -1 | 95.04 | 1 |
| 2012.04.12 03:35 | 1 | -90.00 | 2 |
| 2012.04.12 04:28 | 1 | -90.00 | 3 |
| 2012.04.12 04:28 | 2 | -180.00 | 5 |
| 2012.04.12 14:43 | -1 | 93.56 | 4 |
| 2012.04.13 11:34 | -1 | 93.06 | 3 |
| 2012.04.13 20:26 | -1 | 93.56 | 2 |
| 2012.04.13 23:47 | -1 | 93.56 | 1 |
| 2012.04.14 04:04 | 2 | -180.00 | 3 |
| 2012.04.14 09:03 | -1 | 94.05 | 2 |
| 2012.04.14 10:26 | -1 | 94.05 | 1 |
| 2012.04.14 14:41 | 2 | -180.00 | 3 |
| 2012.04.14 22:44 | -1 | 95.04 | 2 |
| 2012.04.14 23:57 | -1 | 95.04 | 1 |
| 2012.04.15 04:10 | 4 | -360.00 | 5 |
| 2012.04.15 05:01 | -1 | 98.01 | 4 |
| 2012.04.15 05:46 | -1 | 95.44 | 3 |
| 2012.04.15 08:48 | -1 | 95.44 | 2 |
| 2012.04.15 10:42 | -1 | 95.04 | 1 |
| 2012.04.15 14:15 | 1 | -90.00 | 2 |
| 2012.04.15 18:27 | 1 | -90.00 | 3 |
| 2012.04.15 18:38 | 1 | -90.00 | 4 |
| 2012.04.15 19:48 | -1 | 96.53 | 3 |
| 2012.04.16 02:59 | 1 | -90.00 | 4 |
| 2012.04.16 04:03 | -1 | 107.91 | 3 |
| 2012.04.16 06:15 | -1 | 95.54 | 2 |
| 2012.04.16 09:00 | -1 | 95.54 | 1 |
| 2012.04.17 16:27 | 2 | -180.00 | 3 |
| 2012.04.17 19:06 | -1 | 107.91 | 2 |
| 2012.04.18 04:49 | 1 | -90.00 | 3 |
| 2012.04.18 08:48 | -1 | 107.91 | 2 |
| 2012.04.18 15:35 | -1 | 97.02 | 1 |
| 2012.04.18 19:14 | 2 | -180.00 | 3 |
| 2012.04.18 19:14 | 1 | -90.00 | 4 |
| 2012.04.19 04:15 | -1 | 108.90 | 3 |
| 2012.04.19 15:42 | 2 | -180.00 | 5 |
| 2012.04.19 20:02 | -1 | 94.05 | 4 |
| 2012.04.20 03:37 | 1 | -90.00 | 5 |
| 2012.04.20 06:20 | -1 | 107.91 | 4 |
| 2012.04.20 14:25 | 2 | -180.00 | 6 |
| 2012.04.20 15:32 | -1 | 93.06 | 5 |
| 2012.04.20 20:00 | -1 | 92.57 | 4 |
| 2012.04.20 21:09 | -1 | 93.06 | 3 |
| 2012.04.21 12:13 | -1 | 90.59 | 2 |
| 2012.04.21 15:41 | 3 | -270.00 | 5 |
| 2012.04.21 17:13 | -1 | 92.57 | 4 |
| 2012.04.21 22:11 | -1 | 92.57 | 3 |
| 2012.04.22 02:39 | -1 | 92.57 | 2 |
| 2012.04.22 04:49 | 1 | -90.00 | 3 |
| 2012.04.22 05:32 | 3 | -270.00 | 6 |
| 2012.04.22 10:09 | -1 | 107.91 | 5 |
| 2012.04.22 13:35 | -1 | 92.07 | 4 |
| 2012.04.23 01:23 | -1 | 92.07 | 3 |
| 2012.04.23 01:39 | -1 | 92.07 | 2 |
| 2012.04.23 15:49 | 3 | -270.00 | 5 |
| 2012.04.23 16:57 | -1 | 97.02 | 4 |
| 2012.04.23 18:16 | -1 | 97.02 | 3 |
| 2012.04.23 18:35 | -1 | 97.02 | 2 |
| 2012.04.23 19:02 | 4 | -360.00 | 6 |
| 2012.04.23 23:35 | -1 | 97.02 | 5 |
| 2012.04.24 01:24 | -1 | 97.02 | 4 |
| 2012.04.24 20:00 | -1 | 96.53 | 3 |
| 2012.04.24 20:55 | -1 | 96.53 | 2 |
| 2012.04.25 03:40 | 3 | -270.00 | 5 |
| 76.94 | 2.24 |
The first column is date, the second is item amount bought or sold, the third is the price after subtraction of taxes. The last one is critical, it's the stock size. It increases whenever I buy and decreases when I sell. Multiplied by the price of the item it tells the capital used for this item in that moment.
The "76.94" is the sum of the buys and sells. Watch out, it's not the net profit, as I have 5 items in stock (last row, 4th column), which worth at least their buy price, 90M each. So the net profit is 526.9M.
The "2.24" is the average of the stock. So on average I have 2.24*90 = 201.6M capital locked down in this business. Actually this isn't accurate since it should be weighted by the times. If I buy an item and hold it for a month, my stock size is 1, if I sell it in a minute, it's near zero. However the distribution of buys and sells are random enough to let me be lazy and use EXCEL instead of coding.
Now the real metric! The one we have to know evaluating this item is the monthly profit per capital. Luckily the time frame of this table is exactly one month, so I just divide total profit by capital locked, getting 261%. Nice profit.
To see the importance of this metric, lets see a much less fortunate item. The one I bought 110 instead of 10 by accident:
| Date | Transaction | Price | Stock |
| 2012.04.02 19:03 | 2 | -20.00 | 2 |
| 2012.04.02 19:29 | 1 | -10.00 | 3 |
| 2012.04.02 20:12 | -1 | 11.79 | 2 |
| 2012.04.03 05:09 | -1 | 10.89 | 1 |
| 2012.04.03 08:47 | 5 | -50.00 | 6 |
| 2012.04.03 09:19 | -1 | 10.89 | 5 |
| 2012.04.03 15:32 | -1 | 10.89 | 4 |
| 2012.04.04 13:43 | 3 | -30.00 | 7 |
| 2012.04.04 19:58 | -1 | 10.89 | 6 |
| 2012.04.05 07:19 | -1 | 10.89 | 5 |
| 2012.04.05 10:08 | -1 | 10.89 | 4 |
| 2012.04.05 16:02 | -1 | 10.40 | 3 |
| 2012.04.05 16:24 | -1 | 10.40 | 2 |
| 2012.04.05 16:56 | -1 | 10.40 | 1 |
| 2012.04.05 17:39 | 5 | -50.00 | 6 |
| 2012.04.05 18:19 | -1 | 10.40 | 5 |
| 2012.04.05 19:52 | 5 | -50.00 | 10 |
| 2012.04.05 20:22 | -1 | 10.40 | 9 |
| 2012.04.05 21:08 | -1 | 12.87 | 8 |
| 2012.04.05 21:12 | -1 | 10.40 | 7 |
| 2012.04.05 21:43 | -1 | 12.87 | 6 |
| 2012.04.05 21:47 | -1 | 10.40 | 5 |
| 2012.04.05 22:42 | -1 | 10.40 | 4 |
| 2012.04.06 01:58 | 5 | -50.00 | 9 |
| 2012.04.06 05:39 | -5 | 51.98 | 4 |
| 2012.04.06 15:07 | 10 | -100.00 | 14 |
| 2012.04.06 17:24 | -1 | 10.40 | 13 |
| 2012.04.06 18:50 | -1 | 10.40 | 12 |
| 2012.04.06 21:04 | -1 | 10.40 | 11 |
| 2012.04.07 09:30 | -1 | 10.40 | 10 |
| 2012.04.07 20:13 | -1 | 10.40 | 9 |
| 2012.04.07 22:55 | -1 | 10.40 | 8 |
| 2012.04.08 05:32 | -1 | 10.40 | 7 |
| 2012.04.08 05:43 | -1 | 10.40 | 6 |
| 2012.04.08 07:11 | -1 | 10.40 | 5 |
| 2012.04.08 07:40 | -1 | 10.40 | 4 |
| 2012.04.08 09:08 | -1 | 12.87 | 3 |
| 2012.04.08 09:29 | -1 | 10.40 | 2 |
| 2012.04.08 12:46 | -1 | 10.40 | 1 |
| 2012.04.08 15:02 | -1 | 10.40 | 0 |
| 2012.04.08 16:14 | 10 | -100.00 | 10 |
| 2012.04.08 17:58 | 5 | -50.00 | 15 |
| 2012.04.08 20:07 | -1 | 10.40 | 14 |
| 2012.04.08 23:43 | -1 | 10.89 | 13 |
| 2012.04.09 15:56 | -1 | 10.69 | 12 |
| 2012.04.09 19:58 | -1 | 10.40 | 11 |
| 2012.04.09 20:02 | -1 | 10.40 | 10 |
| 2012.04.10 03:46 | -1 | 10.40 | 9 |
| 2012.04.10 14:02 | -1 | 10.79 | 8 |
| 2012.04.10 14:49 | -1 | 12.87 | 7 |
| 2012.04.10 17:24 | -1 | 10.40 | 6 |
| 2012.04.10 19:47 | -1 | 10.40 | 5 |
| 2012.04.10 20:10 | -1 | 10.40 | 4 |
| 2012.04.10 20:27 | -1 | 10.40 | 3 |
| 2012.04.11 00:17 | -1 | 10.40 | 2 |
| 2012.04.11 06:42 | 10 | -100.00 | 12 |
| 2012.04.11 08:50 | 3 | -30.00 | 15 |
| 2012.04.11 15:44 | -1 | 10.40 | 14 |
| 2012.04.11 16:32 | 10 | -100.00 | 24 |
| 2012.04.11 18:48 | -1 | 10.40 | 23 |
| 2012.04.11 19:45 | -1 | 10.49 | 22 |
| 2012.04.11 20:19 | -1 | 10.40 | 21 |
| 2012.04.11 20:55 | -1 | 10.40 | 20 |
| 2012.04.11 21:19 | -1 | 10.49 | 19 |
| 2012.04.11 21:39 | -1 | 10.40 | 18 |
| 2012.04.12 01:20 | -1 | 10.40 | 17 |
| 2012.04.12 05:01 | -1 | 10.49 | 16 |
| 2012.04.12 14:50 | -1 | 10.40 | 15 |
| 2012.04.12 15:59 | -1 | 10.40 | 14 |
| 2012.04.12 18:19 | -1 | 10.40 | 13 |
| 2012.04.12 20:19 | -1 | 10.40 | 12 |
| 2012.04.12 20:34 | 8 | -80.00 | 20 |
| 2012.04.13 01:17 | -1 | 10.49 | 19 |
| 2012.04.13 02:53 | -1 | 10.40 | 18 |
| 2012.04.13 08:42 | -1 | 10.40 | 17 |
| 2012.04.13 09:15 | -1 | 10.40 | 16 |
| 2012.04.13 22:10 | -1 | 10.40 | 15 |
| 2012.04.13 22:51 | -1 | 10.40 | 14 |
| 2012.04.14 01:30 | -1 | 10.40 | 13 |
| 2012.04.14 01:41 | -1 | 10.40 | 12 |
| 2012.04.14 02:10 | -1 | 10.40 | 11 |
| 2012.04.14 02:38 | -1 | 10.40 | 10 |
| 2012.04.14 05:14 | 5 | -50.00 | 15 |
| 2012.04.14 07:42 | 1 | -10.00 | 16 |
| 2012.04.14 07:58 | -1 | 10.40 | 15 |
| 2012.04.14 09:38 | -1 | 10.40 | 14 |
| 2012.04.14 12:34 | -1 | 10.89 | 13 |
| 2012.04.14 13:50 | -1 | 10.89 | 12 |
| 2012.04.14 13:56 | -1 | 10.30 | 11 |
| 2012.04.14 17:38 | -1 | 10.30 | 10 |
| 2012.04.14 18:00 | -1 | 10.30 | 9 |
| 2012.04.14 21:46 | -1 | 10.89 | 8 |
| 2012.04.15 02:47 | -1 | 10.89 | 7 |
| 2012.04.15 06:31 | -1 | 10.89 | 6 |
| 2012.04.15 12:14 | -1 | 10.89 | 5 |
| 2012.04.15 12:50 | -1 | 10.89 | 4 |
| 2012.04.15 12:57 | -1 | 10.39 | 3 |
| 2012.04.15 12:59 | -1 | 10.10 | 2 |
| 2012.04.15 13:38 | 10 | -100.00 | 12 |
| 2012.04.15 13:44 | 110 | -1100.00 | 122 |
| 2012.04.15 19:00 | -1 | 10.00 | 121 |
| 2012.04.16 00:21 | -1 | 10.84 | 120 |
| 2012.04.16 10:53 | -1 | 10.89 | 119 |
| 2012.04.16 14:36 | -1 | 10.84 | 118 |
| 2012.04.17 03:35 | -1 | 10.84 | 117 |
| 2012.04.17 14:08 | -1 | 10.84 | 116 |
| 2012.04.17 16:31 | -1 | 10.00 | 115 |
| 2012.04.18 06:40 | -1 | 10.84 | 114 |
| 2012.04.18 09:30 | -1 | 10.84 | 113 |
| 2012.04.18 10:13 | -1 | 9.95 | 112 |
| 2012.04.18 13:14 | -1 | 9.95 | 111 |
| 2012.04.18 13:31 | -1 | 9.95 | 110 |
| 2012.04.18 13:57 | -1 | 9.95 | 109 |
| 2012.04.18 14:18 | -1 | 9.95 | 108 |
| 2012.04.18 19:02 | -1 | 9.90 | 107 |
| 2012.04.18 21:26 | -1 | 9.90 | 106 |
| 2012.04.18 23:01 | -1 | 9.90 | 105 |
| 2012.04.18 23:11 | -1 | 9.90 | 104 |
| 2012.04.18 23:14 | -1 | 9.90 | 103 |
| 2012.04.19 03:36 | -2 | 19.80 | 101 |
| 2012.04.19 05:22 | -1 | 9.90 | 100 |
| 2012.04.19 12:20 | -1 | 10.05 | 99 |
| 2012.04.19 16:08 | -1 | 10.05 | 98 |
| 2012.04.19 18:14 | -1 | 9.90 | 97 |
| 2012.04.19 18:48 | -1 | 9.90 | 96 |
| 2012.04.19 21:02 | -1 | 9.90 | 95 |
| 2012.04.19 22:23 | -1 | 9.90 | 94 |
| 2012.04.20 03:42 | -1 | 9.90 | 93 |
| 2012.04.20 05:17 | -1 | 10.00 | 92 |
| 2012.04.20 05:59 | -1 | 10.84 | 91 |
| 2012.04.20 07:11 | -1 | 10.00 | 90 |
| 2012.04.20 07:41 | -1 | 10.00 | 89 |
| 2012.04.20 17:01 | -1 | 10.00 | 88 |
| 2012.04.20 21:06 | -1 | 10.00 | 87 |
| 2012.04.20 21:58 | -1 | 10.00 | 86 |
| 2012.04.21 07:53 | -1 | 10.00 | 85 |
| 2012.04.21 08:10 | -1 | 10.00 | 84 |
| 2012.04.21 08:45 | -1 | 10.00 | 83 |
| 2012.04.21 09:40 | -1 | 10.25 | 82 |
| 2012.04.21 11:54 | -1 | 10.00 | 81 |
| 2012.04.21 12:15 | -1 | 10.05 | 80 |
| 2012.04.21 14:27 | -1 | 10.00 | 79 |
| 2012.04.21 14:28 | -1 | 10.00 | 78 |
| 2012.04.21 14:55 | -1 | 10.00 | 77 |
| 2012.04.21 19:52 | -1 | 10.00 | 76 |
| 2012.04.21 22:11 | -1 | 10.00 | 75 |
| 2012.04.21 23:32 | -1 | 10.25 | 74 |
| 2012.04.21 23:50 | -1 | 10.25 | 73 |
| 2012.04.21 23:58 | -1 | 10.25 | 72 |
| 2012.04.22 04:28 | -1 | 10.00 | 71 |
| 2012.04.22 04:43 | -1 | 10.00 | 70 |
| 2012.04.22 07:58 | -1 | 10.00 | 69 |
| 2012.04.22 10:00 | -1 | 10.00 | 68 |
| 2012.04.22 13:47 | -1 | 10.00 | 67 |
| 2012.04.22 20:59 | -1 | 10.00 | 66 |
| 2012.04.23 11:29 | -1 | 10.25 | 65 |
| 2012.04.23 15:52 | -1 | 10.00 | 64 |
| 2012.04.24 02:00 | -1 | 10.00 | 63 |
| 2012.04.24 04:02 | -1 | 10.00 | 62 |
| 2012.04.24 04:51 | -1 | 10.25 | 61 |
| 2012.04.24 13:59 | -1 | 10.00 | 60 |
| 2012.04.24 15:47 | -1 | 10.00 | 59 |
| 2012.04.24 15:52 | -1 | 10.00 | 58 |
| 2012.04.24 17:16 | -1 | 10.25 | 57 |
| 2012.04.24 18:55 | -1 | 10.00 | 56 |
| 2012.04.24 19:52 | -1 | 10.00 | 55 |
| 2012.04.24 20:10 | -1 | 10.00 | 54 |
| 2012.04.24 20:59 | -1 | 10.00 | 53 |
| 2012.04.24 23:14 | -1 | 10.49 | 52 |
| 2012.04.25 06:50 | -1 | 10.49 | 51 |
| 2012.04.25 07:47 | -1 | 10.00 | 50 |
| -439.27 | 41.73 |
Unfortunately to create these calculations I had to copy-paste the wallet table (before that fishing in the CSV returned by the API) since no program provides this data. However knowing it is necessary to figure out proper stock size: the less items you buy at once, the higher this metric will be at the cost of less overall profit on the item (as you lose sales when you are out of stock). The perfect situation is when all your items have the same profit/capital/time and no other item (the ones you don't trade) has higher, even with one item on stock. It also means that as your capital increases, you can include more and more items or higher and higher stocks, your profit increases but with diminishing returns.
Making the same calculation for manufacturing is even harder as you have to assign the materials and the production costs to a project, define clear entry and exit points (which are obvious for trading). However I'm sure that most industrialists would be very surprised to see that their pet ship business brings some joke profit, like 20-30%/month.
If you are up to coding and want to create a useful tool, make this and I'll make it "famous" on my blog. Just make sure it's open source and doesn't need closed source programs (besides ones in control of CCP). I won't suggest or even use closed third party code that require my wallet API key for obvious reasons.
EVE Business report: Friday morning 14.5B (2 PLEX behind for second account, 0.3B spent on Titan project)
Remember that you can participate in our EVE conversations on the "goblinworks" channel (60-80 people on peak time) and your UI suggestions are welcomed.
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