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Tuesday, October 18, 2011

ADVICE: The Importance Of Tracking Where Your Peds Go

The surest way to lose money in any venture is to not keep track of your income and expenditures. You should track how much value your equipment has before you start a run. Write down how much ammo or probes you buy. Then, when you are all done hunting or mining, write down what you sold your loot for.

By taking a look at where your peds went, and your profits or losses, you will soon understand that you aren't doing as bad as you thought, or maybe you are doing worse than you thought. If the latter is true, then you should make necessary changes: i.e. more eco weapons and armor.

Over the course of a 200 ped hunt or mining run, if you lose only 5 or 10 peds you do well, and especially if mining, 5 or 10 peds can easily be made up by getting even one more ped out of each stack of resources you sell. Always try to get the best markup you can.

If you don't keep track of your results, it is much harder to make up for losses when you don't know what they are, or where you can cut back your expenses at. The more economic your equipment, the closer you will be to breaking even on every run.  And soon, you will be broke and wonder where your peds all went.

The other benefit to keeping track of your results, is that over time you will have enough data to construct a chart or graph which will easily show how much of the time you are on a down cycle and how much of the time you are on an upcycle. Many would argue this information is unimportant, but ideally, you want to do something as long as you are on the upside of it, and when it heads down, do something else.

It is very easy to waste peds if you don't track them. I think you will notice you do a little bit better if you do take notes and watch your finances in the game like a hawk. Stretch all you can out of every pec. Even if you only save enough to make one more click at the crafting terminal, that one more click might be what hofs you. I've seen it happen, even with my avatar. In real life it's happened to me so many times. Get down to my last 5 nickels on a poker machine and either hit four of a kind or straight flush. That actually happened four times in one session to me. I couldn't believe it! But believe it. The crappier your luck is, the more unusual the good luck will be when it finds you!

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