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Market mechanics question
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Frattor 01
Deep Core Mining Inc.
Caldari State
#1 - 2012-11-09 01:39:31 UTC
Hi im just wondering, when selling items in bulk (say a fat stack of coolant for example) if i just did right click sell would it auto sell to the highest buy order? And if it does (which would be what i want/the highest bidder) then why would i edit the amount? Would it be to sell to someone who might later make a bigger buy order? If someone could explain to me the basics of how the market mechanics in something like this might work id greatly appreciate it.
Cheers
Alyssa SaintCroix
Leihkasse Stammheim
#2 - 2012-11-09 02:08:08 UTC
The simple menu sells to the highest available buy order, given some specific conditions, and the advanced menu creates your own personal sell order of X amount.
Salpad
Carebears with Attitude
#3 - 2012-11-09 02:44:56 UTC
Alyssa SaintCroix wrote:
The simple menu sells to the highest available buy order, given some specific conditions, and the advanced menu creates your own personal sell order of X amount.


Which might never sell if you're too greedy.
Frattor 01
Deep Core Mining Inc.
Caldari State
#4 - 2012-11-09 03:00:59 UTC
Alyssa SaintCroix wrote:
The simple menu sells to the highest available buy order, given some specific conditions, and the advanced menu creates your own personal sell order of X amount.



So if I just right click sell to the highest buy order is there a disadvantage in doing that?
Caerfinon
Caldari Provisions
Caldari State
#5 - 2012-11-09 03:13:55 UTC
Frattor 01 wrote:
So if I just right click sell to the highest buy order is there a disadvantage in doing that?


You will generally make less ISK. The highest buy orders are typically less than the true value of the items. But you will get ISK immediately rather than having to wait for your sell order to fire. So it's a question of time and money :)

Cheers C.

@Caerfinon - Twitter
Frattor 01
Deep Core Mining Inc.
Caldari State
#6 - 2012-11-09 03:45:06 UTC
Caerfinon wrote:
Frattor 01 wrote:
So if I just right click sell to the highest buy order is there a disadvantage in doing that?


You will generally make less ISK. The highest buy orders are typically less than the true value of the items. But you will get ISK immediately rather than having to wait for your sell order to fire. So it's a question of time and money :)


Ah i see. Ok then how bout this: if i create a sell order for say 100,000 items of something at like 10isk, if someone buys like 20,000 of the item, wil the order still be active but for 80,000 instead? (And at the same price?) sorry for stupid question just trying to get a feel for how the market works
Zhilia Mann
Tide Way Out Productions
#7 - 2012-11-09 03:58:47 UTC
Frattor 01 wrote:
if i create a sell order for say 100,000 items of something at like 10isk, if someone buys like 20,000 of the item, wil the order still be active but for 80,000 instead?


Yes. That's exactly how it works.
Sola Mercury
Republic Military School
Minmatar Republic
#8 - 2012-11-09 09:31:24 UTC
If you realy want to sell to a buy order, make sure to use simple sell.
Otherwise you will pay broker fees.
You can see the effect by atempting to sell an item and then switching from simple to advanced.
You'll notice, that you get more ISK with simple sell.

Ever noticed a sell order with price just 0.01 ISK above the highest buy order?
That was a dumb player, who sold to a buy order, using advanced sell. He tried to sell a larger quantity than the buy order handeled.
So as a result, a new sell order with remaining quantity was created.
Salpad
Carebears with Attitude
#9 - 2012-11-09 09:43:19 UTC
Frattor 01 wrote:
Alyssa SaintCroix wrote:
The simple menu sells to the highest available buy order, given some specific conditions, and the advanced menu creates your own personal sell order of X amount.



So if I just right click sell to the highest buy order is there a disadvantage in doing that?


The disadvantage is that for some items, there's a large difference between the highest Buy Order and the lowest Sell Order.

Then again, Sell Orders in many places never get bought. If you want to sell something, and be sure of selling it, unless it's a rare item you should probably put it up for sale in Jita 4-4 or another trade hub (such as Amarr, the secondary trade hub).
Salpad
Carebears with Attitude
#10 - 2012-11-09 09:46:29 UTC
Frattor 01 wrote:
Ah i see. Ok then how bout this: if i create a sell order for say 100,000 items of something at like 10isk, if someone buys like 20,000 of the item, wil the order still be active but for 80,000 instead? (And at the same price?) sorry for stupid question just trying to get a feel for how the market works


It's okay to ask. We were all noobs once.

Also note that when you set up a Buy Order, you can specify a Minimum buy amount greater than 1. That's mostly relevant if you have Ranged Buy Orders, meaning ones that cover not just a single space station but dozens or even over a hundred stations, because then you're going to have to fly around and collect the stuff you buy, and you might not want to fly several jumps just to pick up 1 item.

Finally, there is Margin Trading skill, which is useful if you're setting up a lot of Buy Orders that don't move too quickly. Look at what it does, and ask if you don't understand it.
Denal Umbra
Coffee Hub
#11 - 2012-11-09 12:51:09 UTC  |  Edited by: Denal Umbra
Sola Mercury wrote:
If you realy want to sell to a buy order, make sure to use simple sell.
Otherwise you will pay broker fees.
You can see the effect by atempting to sell an item and then switching from simple to advanced.
You'll notice, that you get more ISK with simple sell.

Ever noticed a sell order with price just 0.01 ISK above the highest buy order?
That was a dumb player, who sold to a buy order, using advanced sell. He tried to sell a larger quantity than the buy order handeled.
So as a result, a new sell order with remaining quantity was created.


Or he noticed a bot in the market who was lowering the prices to 0.01 of his sell order constantly and decided to take out the bot, by placing a new sell order which is just 0.01 higher than a buy order. The bot updates his price and fills the buy order. If the trader had extra cash, he also got some really cheap new stock for little effort if interested.

Edit: And sometimes, it works against major aggressive traders as well, who are not bots but 'act like one'.
Sola Mercury
Republic Military School
Minmatar Republic
#12 - 2012-11-10 02:15:16 UTC
Denal Umbra wrote:


Or he noticed a bot in the market who was lowering the prices to 0.01 of his sell order constantly and decided to take out the bot, by placing a new sell order which is just 0.01 higher than a buy order. The bot updates his price and fills the buy order. If the trader had extra cash, he also got some really cheap new stock for little effort if interested.

Edit: And sometimes, it works against major aggressive traders as well, who are not bots but 'act like one'.


??What?
This dont make any sence.
Your sell order gets filled by the first updated buy order.
Frostys Virpio
State War Academy
Caldari State
#13 - 2012-11-10 21:59:52 UTC
Sola Mercury wrote:
Denal Umbra wrote:


Or he noticed a bot in the market who was lowering the prices to 0.01 of his sell order constantly and decided to take out the bot, by placing a new sell order which is just 0.01 higher than a buy order. The bot updates his price and fills the buy order. If the trader had extra cash, he also got some really cheap new stock for little effort if interested.

Edit: And sometimes, it works against major aggressive traders as well, who are not bots but 'act like one'.


??What?
This dont make any sence.
Your sell order gets filled by the first updated buy order.


If you make a sell order right on the price of a buy order, I recall is sells instantly to that buy order.