Isk report 9 June 12

Some bloggers love to tell you their success stories.  It's very easy to write about what worked; less easy to write about what didn't.

I've been kicking around Eve for a while - at first just dabbling but now spending more time in here and less in WoW.  I started out with:

• 1st set of career starter missions (taking so long that I let a couple expire); 
• L2 distribution missions (Ugg - so little ISK even for a complete newbie); 
• completed both allied factions starter missions (well worth it - made L4 missions available - and gave a stockpile);
• Trying my hand at PI in a single 0.9 sytem, selling raw Aqueous liquids because they were the most abundant (Don't do that - really)
• Ground a little corporation standing with L4 distribution missions (and the occasional L2 to allow Connections to kick in)
• Tinkering with a bit of trading - in one region - with region wide buy orders of ore; converting it to minerals.

On the 25th May, I decided to start working on my Isk, and actually tracking it.

• I have been taking snapshots at random times during the day.  The graph above shows the best of any given day's balance.
• I have margin trading so escrow does not equal buy orders but does represent readily available funds.
• I have chosen a 'liquidation' value of sales at 50% of the sell price.  Given that the majority of my sales are currently minerals with buy prices at 90-95% of the current sell values this is incredibly conservative.
• I do not include the value of stock on hand (not in a sell order), ships, or training in the above graph.  While stuff sitting in a dock somewhere does have value, it won't give me ISK until I get around to putting it on the market.

What happened:

• Week 1 was fantastic : 
• doubling my ISK by trading - woo hoo
• Gallante based (largely Sing Liason) region.  
• Buy orders on Veldspar, refine and haul to market hub.
• Week 2 was bad : 
• Expanded into into new regions; Metropolis and  Hek.
• Lots of work; running very hard just to stand still.
• not quite as bad as it seems as 
• purchased Wholesale costing 25% (31M) of my funds
• Spent 10% (13M) on PI infrastructure.  I may end up throwing some of this away due to non-efficient setup.
• But still bad
• 1 lightly tanked Iteron I (1M)  no cargo (outward journey)
• One tanked Iteron IV (10M) with a 10M cargo load (return journey)
• All in the new regions that I expanded into. Mmmm  There be pirates here.

Current plans:

• Train access to research agents.
• Get a (better) clue on PI.
• Add new buy orders to quieter regions for region.  Miners like quiet; Pirates don't.
• Phase out region buy orders around Hek and Rens, letting the existing ones expire.
• For the ore buy orders fulfilled behind a camped losec system is to fly out to the station in a freighter, refine it, bring back any high value minerals that fit in the freighter and sell the remaining minerals at a discount.  Freighters appear to be hard to pin down even when actively chased by pirates.