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Vanilla autotraders....just doesn't work right without mods (tatertrader etc)
Like HeLLfire said, auto-trading tends to not run so well without mods, and auto-mining can net you some slow and steady cash. I personally run all my traders on manual except for the ones that are assigned to my stations (because they automatically auto-trade as part of the assignment).
I personally find it rather depressing when my station-assigned Hermes travels half-way across the galaxy and back to sell 50 energy cells instead some of the 20k silicon wafers or 12k smart chips piling up.
edit : his management skill will affect his business choices
My suggestion is to explore the universe and see what sectors are producing and what other sectors need. Auto traders work by either importing (buy range) or exporting (sell range) wares with respect to the sector they are started in. If a sector needs a lot of a product like Silicon Wafers or Microchips which are available within a reasonable distance from it then setting an auto trader to start in the sector and configuring it to import those products will make money and the trader will find good (full capacity usage) trade deals pretty fast. Like wise if a sector is making a ton of Refined Metal and other nearby sectors need Refined Metal one can set it to export Refined Metal with a similar effect. The key is to only start auto traders in sectors with lots of supply or demand for a product and to configure them to only trade those products. Every few hours, or days one might want to review if the products are still in high demand or supply and if not then consider changing ware list or even moving the auto trader to anchor to another sector.
Auto traders are potentially a lot more profitable in 2.00 due to the increase in min to maximum price difference of most products. Additionally building stations is a lot cheaper and with good positioning one can get a 10x10x10 plot for as little as 1M credits. If a sector needs a lot of wares one can consider setting up profitable stations to make them and relying on station auto traders.