I started station trading a week ago with a 1 bil investment and my story is as follows:

I tend to have good days and shit days so far. On shit days I make a few mil profit and 90% of my time is just fucking refreshing the market to find some shite has outbid my by 0.1isk. It's frustrating and disheartening.

But I also have had really good days (one day making 600 mil isk). What I've learned so far is:

• If you have the time to update regularly (I was on hols from uni) then have multiple orders for the same item. So if you're putting in an order of 30 Warp Scram II's instead of that, put 3 orders of 10 in and separate them. This way as soon as one person outbids you you should have atleast one of your orders ready to move back to the top of the queue. This works best on items with large volume of course.

• If you don't have time to update regularly, pray to jeebus because I haven't a clue how people do this either (my shit days line up with the days I have no time to update, must be doing something wrong)

• Use tools like evernus, eve-central etc. These are great. most of my money has been from Evernus. I also use eve mogul for tracking what i bought shit for.

• Don't get tunnel vision by making large profits in one transaction. I have a spreadsheet that calculated my potential profits by getting the difference between the price i bought it at and the price i'm selling it at. I got to fixated on buying the largest volume of something that would guarantee me over 100 mil profit. This is a shit thing to do, especially if you're unsure of the item you're selling. Get a feel for different items first. Your profits will be smaller, but you'll make less mistakes and the broker fees will hurt over time.