I want to get back into trading, but not sure how it works in 3.0

Older Gamer · Mar 11, 2018

I'm keen to chase the triple Elite badge, but need to give combat and exploration a rest for a while, so thought I would focus on Trading for a bit (until FD create a fourth Elite badge for Mining), but I am struggling a bit with the concepts of the new system

In the commodities, there is buy and sell, now I am assuming that buy means the price I buy at and sell means the price I sell at.

But when I look at data from other systems (as can now be purchased in 3.0) and compare them on the commodities screen, I see Import and Export prices given. Which is confusing me a little.

Can someone explain to me how this now works? Or point me towards a tutorial on how this works?

Apologies if this has been posted before. And also, to FD Developers, maybe change one or the other to either be buy and sell on both data feeds or Import and Export on both. Just a thought. I might be wrong though as I don't trade much at the moment.

Many thanks for any advice.

07 Cmdrs.

fsdraconis · Mar 11, 2018

Trading didn't change. Just the tools with in the galaxy map have changed. But I'll elaborate in the next post.

fsdraconis · Mar 11, 2018

You have the buy price, and the sell price correct.

When you look at the map and view where what commodity is being exported - that is where a different station is purchasing those goods. The next important information you will want is the demand for the exported good. If there is no demand, they will not pay top credit. The higher the demand, the better the profit.

Importing, is the information to look at when you are currently parked at a station to know what you might want to buy for your return trip. Again, high demand is better.

Ultimately, it will come down to how much money you have, the space you have, and the demand and supply for credit earning potential.

Of course, beware of putting all your eggs in one basket. (don't put all your credits into cargo and not have rebuy to spare)

EISENHORN01 · Mar 11, 2018

Ok easy tip for trading pick a high tech system with all the other economies within easy reach. Then it’s a simple loop that goes:

high tech—agriculture——extraction——refinery——industrial——high tech.

to start buy land enrichment/marine equipment at high tech, deliver to agriculture, buy coffee or tea sell at the extraction, buy high end minerals to sell at refinery then purchase finished metals to sell at industrial where you buy items required at the high tech station u started.

if you stick to the same loop you will soon build up your rep at each one, this is important as you should always check the mission log to see if A: your cargo is being asked for and B: there mayb a mission to one of your destinations.

also looking at the mission board gives you an idea of what goods are in demand and if you like a punt you may fill up with those next trip.

As a rule the more you pay for a commodity the higher the reward when you sell BUT make sure it’s what sells at your destination and never sell a product to the same economy you bought it at.

this is just basics but it gets you working with the major 5 economies and it won’t take you long to realise what products deliver the best rewards and where.

GJ51 · Mar 11, 2018

https://eddb.io/trade/loops

777Driver · Mar 11, 2018

Cmdr Geoman is the forum trade Guru.

Anyway, if you are just looking for Elite rank, your best options are bulk haulage through the mission board. Pleiades is a good place for this, 700+ capacity and you'll be making around 50 million per single jump. System state trading is another option, however it is slower, but you are guaranteed to find a good profit - Buy basic meds cheap, filter the galaxy map for any systems in outbreak, or haul weapons to systems at war. The problem with the mission boards is the payouts can be not so great unless you know the good areas and monitor each system state carefully.

Currently 3 out of my 5 areas are performing badly at the moment for bulk haulage. That could all change next week

If you want to understand pure A-B-A trucking and system state trading, here is a good place to start.

https://forums.frontier.co.uk/showthread.php/357715-BGS-Trading-for-Influence

https://forums.frontier.co.uk/showthread.php/317758-Hey-Traders-what-are-your-tips

https://forums.frontier.co.uk/showthread.php/391486-Faction-states-and-haulage-missions

Using EDDB is one of the worst ways to make money trading, but it requires the least amount of thinking.

Adhock · Mar 11, 2018

Nothing has changed. All 3.0 did was throw a big neon sign in your face about where to get specific commodities by actual name instead of a broad hit at economy type that produces it.

Older Gamer · Mar 15, 2018

Have to say, this neon sign is not easy to read and YouTube tutorials that show how to use it are sparse.

Feels more like a beta tool that has yet to be fleshed out.

Abil Midena · Mar 15, 2018

WordSmith said:
Have to say, this neon sign is not easy to read and YouTube tutorials that show how to use it are sparse.

Feels more like a beta tool that has yet to be fleshed out.

It is...not easy to use, as it's limited by the interface FD chose. I did a quick vid of it during beta that might help. You can sense my frustration as I was trying to use the feature.

[video=youtube;QY2cTfQ184o]https://www.youtube.com/watch?v=QY2cTfQ184o[/video]

Snarfbuckle · Mar 15, 2018

- Get goods from point A
- Ferry to point B
- Profit?

Abil Midena · Mar 15, 2018

777Driver said:
...bulk haulage through the mission board. Pleiades is a good place for this, 700+ capacity and you'll be making around 50 million per single jump...

Eh? You mean hauling missions from the pleiades to the bubble? That'd be about 20 min one way in my trade cutter. So say 40 min round trip. I assume you have to board hop or something and take a bunch of missions at once (another 20 min), yes?

777Driver · Mar 15, 2018

Abil Midena said:
Eh? You mean hauling missions from the pleiades to the bubble? That'd be about 20 min one way in my trade cutter. So say 40 min round trip. I assume you have to board hop or something and take a bunch of missions at once (another 20 min), yes?

No, I said single jump haulage missions, no need to board hop. Why is it taking you 20 mins to get from the bubble to the Pleiades whilst laden? A T9 can do 21LY laden with 704 tonnes, the Cutter should be able to get a little higher.

An engineered T9 will do Pleiades to Diagunadri in 16 jumps with 704 tonnes, that takes around 12 minutes, no need to refuel en-route if you keep the 64 tonne tank. Return trip is empty, so it will be around 9 jumps (36LY) about 6 minutes to get back.

IndigoWyrd · Mar 15, 2018

Buy Low, Sell High.

Pretty much the same way trading has worked since 1.0.

Now with more information In the Game.

Abil Midena · Mar 15, 2018

777Driver said:
No, I said single jump haulage missions, no need to board hop. Why is it taking you 20 mins to get from the bubble to the Pleiades whilst laden? A T9 can do 21LY laden with 704 tonnes, the Cutter should be able to get a little higher.

An engineered T9 will do Pleiades to Diagunadri in 16 jumps with 704 tonnes, that takes around 12 minutes, no need to refuel en-route if you keep the 64 tonne tank. Return trip is empty, so it will be around 9 jumps (36LY) about 6 minutes to get back.

Hm. I have a Cutter that has a G5 FSD with max range 19 LY laden with 720t. I figured about 400 LY. 400/19 is about 21 jumps at 1 min per jump, so about 20 min. I have always timed a jump as taking about a min, from the time I hit the fsd, to the time I hit the fsd after I'm in the next system, so that's what I use. In any case, if the object here doesn't require back and forth between the bubble and pleiades, it doesn't matter.

I could swap a small cargo rack for a fuel tank if I can't make the trip, and just lose a little cargo space for the trip out.

But if you're saying it's a single mission, or multiple missions from one place to the same place, one hop *within* the pleiades, and makes 50 mil, that is something to check out. I believe you, but I think there's something here I'm not getting.

Ephraim Stone · Mar 15, 2018

Abil Midena said:
Hm. I have a Cutter that has a G5 FSD with max range 19 LY laden with 720t. I figured about 400 LY. 400/19 is about 21 jumps at 1 min per jump, so about 20 min. I have always timed a jump as taking about a min, from the time I hit the fsd, to the time I hit the fsd after I'm in the next system, so that's what I use. In any case, if the object here doesn't require back and forth between the bubble and pleiades, it doesn't matter.

I could swap a small cargo rack for a fuel tank if I can't make the trip, and just lose a little cargo space for the trip out.

But if you're saying it's a single mission, or multiple missions from one place to the same place, one hop *within* the pleiades, and makes 50 mil, that is something to check out. I believe you, but I think there's something here I'm not getting.

Yeah I must be missing something too, so keen to hear more!

777Driver · Mar 15, 2018

Abil Midena said:
Hm. I have a Cutter that has a G5 FSD with max range 19 LY laden with 720t. I figured about 400 LY. 400/19 is about 21 jumps at 1 min per jump, so about 20 min. I have always timed a jump as taking about a min, from the time I hit the fsd, to the time I hit the fsd after I'm in the next system, so that's what I use. In any case, if the object here doesn't require back and forth between the bubble and pleiades, it doesn't matter.

I could swap a small cargo rack for a fuel tank if I can't make the trip, and just lose a little cargo space for the trip out.

But if you're saying it's a single mission, or multiple missions from one place to the same place, one hop *within* the pleiades, and makes 50 mil, that is something to check out. I believe you, but I think there's something here I'm not getting.

Is your Cutter using the new engineering system with mass manager? For some reason I can't upload my T9 build to Coriolis, everything is lightweight modded, the hull is lightweight but G5 strengthened (No mass penalty)

My power plant weights 2.5 tonnes lol, yet provides more than enough power due to being overcharged. Regarding jumping, if you are full throttle for the entire long haul trip, corkscrew around the star, not scooping (not required in a T9) and a have a good internet connection, you should be doing around 45 secs per jump.

Anyway, as mentioned the big money is the 1 hop routes, PM for more details, however I think it is pretty much common knowledge for anyone hauling out here. Your only limit is cargo capacity.

This is why I love engineering, I have no interest in G5 modding a PvP ship to spend 30 minutes in battle with a complete stranger, for customising a ship to be more efficient, the system works perfectly.

Haven't bothered to convert my Cutter to the new system, but it should be able to slightly out do my T9 in freight/jump capability.

Abil Midena · Mar 15, 2018

777Driver said:
Is your Cutter using the new engineering system with mass manager? For some reason I can't upload my T9 build to Coriolis, everything is lightweight modded, the hull is lightweight but G5 strengthened (No mass penalty)

My power plant weights 2.5 tonnes lol, yet provides more than enough power due to being overcharged. Regarding jumping, if you are full throttle for the entire long haul trip, corkscrew around the star, not scooping (not required in a T9) and a have a good internet connection, you should be doing around 45 secs per jump.

Anyway, as mentioned the big money is the 1 hop routes, PM for more details, however I think it is pretty much common knowledge for anyone hauling out here. Your only limit is cargo capacity.

This is why I love engineering, I have no interest in G5 modding a PvP ship to spend 30 minutes in battle with a complete stranger, for customising a ship to be more efficient, the system works perfectly.

Haven't bothered to convert my Cutter to the new system, but it should be able to slightly out do my T9 in freight/jump capability.

http://i67.tinypic.com/2yvpj0l.jpg

http://i67.tinypic.com/qrloqr.jpg

http://i66.tinypic.com/1zoizd2.jpg

Here's my cutter: http://www.edshipyard.com/#/L=B0_0,...GKuhdQjhcUuCBWqU2ckdGegdGkm8d08c008c007202UI0

How the #^%$ do you make a link with text instead of a 57ft long string??? I can do it in Outlook, but don't see how here.

It's on the old system, and not completely gutted for max range. I looked at the FSD conversion from G5 2.4 to G5 3.0, and didn't think it'd be worth it (27.3 LY vs 28.9 LY empty). As you can see, it's not stripped out, but the extra stuff doesn't lose me much in FSD range. The shield boosters are probably the worst offender for that though...maybe worth a change there. LT WT sensors would gain me 0.3 LY...meh. If I did all that, I'd only save 1 jump for the 400 LY trip out and back (empty: 400/26=15 jumps vs 400/28 =14). Totally not worth it considering the eng grind, and it's not really relevant to the trading we're talking about.

I'll make a trip to the Pleiades and check it out. If I get stuck, I'll pm ya. Thanks either way.

ArkCovenant · Mar 15, 2018

Sell below cost and make it up on volume.