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Market order updating trick list

Author
Varius Xeral
Doomheim
#1 - 2013-01-13 17:59:39 UTC  |  Edited by: Varius Xeral
1) Multiple orders

The trick here is to split your orders into multiple smaller stacks, and then update them as if they were from multiple different people. Not only does this allow you greater updating coverage, but it also makes the market appear far more competitive than it actually is, and other traders are more likely to pull their orders altogether and look for a "less competitive" market.

2) Subtle price changes

The trick here is to update the price in ways that other traders may miss, and then update theirs to fall below (or above) your order, thereby wasting an update and getting frustrated. The most common way to do this is change one "9" among many to an 8 (999,999.99 to 999,989.98) or change a number at the front end as well as the back end (18,132,999.89 to 18,123,999.88), but the list is really only limited by your creativity and grasp of the human psyche.

3) Never actually change by only 0.01 isk

A simple tactic. The most common change is by 0.01 isk, so you may be updating at the same time as a competitor, and only tie or fail to beat his concurrent update. By changing a few cents more, you are far more likely to have your update actually be the most competitive bid.

4) The perfect order

The tactic here is to update your orders in ways that your competitors choose not to outbid you, done by a clever combination of order size and price change. If your competition has large order sizes, then they may be hesitant to follow an even marginal unit price change because of how it will affect the value of their entire stack. If your marginal price change is of the right size, they may "let it pass" in hope that your order is quickly filled, and the market then moves back to their price. By continually replacing your perfect order as they clear, you can trade a large volume right under the nose of your competition while they are patiently waiting for "their turn".

5)Ten-one

The idea is to define your break-even price and then march towards that price in only 5-10 increments. If your opponent follows you, you dump your goods on him when you reach the top (making a little profit but for virtually no effort), and then lean back while he is jumping himself to death for no profit.

Official Representative of The Nullsec Zealot Cabal

Yvormessier
The Scope
Gallente Federation
#2 - 2013-01-13 18:13:45 UTC  |  Edited by: Yvormessier
Updating buy orders and sell orders are 2 entirely different things.

When I set sell orders I always go by the doctrine of 'flying space'

i.e. when I set a sell order I want to make it attractive enough to persuade people to fly several jumps to buy it. It always amuses me to see people undercut my sell price by 0.01isk when their item is several jumps away.
Who is going to fly several jumps to save 0.01isk?

So with a 100m item i will always undercut my sell order by anything from 100k to 1m to persuade people to come and fill my sell order.

As for buy orders I love to crash the market. It's my favourite form of market pvp Smile
Varius Xeral
Doomheim
#3 - 2013-01-13 18:22:41 UTC
Ha, I'm glad I did this already. I only deal with intra-station orders, so would never have thought of the tactics involved in intra-regional trading.

Thanks.

Official Representative of The Nullsec Zealot Cabal

Nerath Naaris
Pink Winged Unicorns for Peace Love and Anarchy
#4 - 2013-01-13 19:05:49 UTC
If possible, I do the mouse-wheel-spin "trick". Lot less effort, imo.

If I am forced to update manually, I usually go for whole numbers: less keystrokes and less potential for mistakes as well (the , not registering; not that I speak from experience here Roll).

Je suis Paris // Köln // Brüssel // Orlando // Nice // Würzburg, München, Ansbach // Saint-Étienne-du-Rouvray

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fugazii
Slippery Penguin
#5 - 2013-01-13 19:50:32 UTC
Varius Xeral wrote:


4) The perfect order

The tactic here is to update your orders in ways that your competitors choose not to outbid you, done by a clever combination of order size and price change. If your competition has large order sizes, then they may be hesitant to follow an even marginal unit price change because of how it will affect the value of their entire stack. If your marginal price change is of the right size, they may "let it pass" in hope that your order is quickly filled, and the market then moves back to their price. By continually replacing your perfect order as they clear, you can trade a large volume right under the nose of your competition while they are patiently waiting for "their turn".


or.... what usually happens is traders will just jump your gouge -as there is still a gap, in turn creating the "new" price, which ofc makes the bigger orders have to jump the order. Effectively devaluing your own product for ..
Varius Xeral
Doomheim
#6 - 2013-01-13 19:54:45 UTC
It's a gamble to be sure, but it definitely does work, as I've done it successfully uncountable times.

Official Representative of The Nullsec Zealot Cabal

fugazii
Slippery Penguin
#7 - 2013-01-13 20:23:06 UTC
sure it works sometimes, but when it doesn't what are you left with? Selling for an effective loss and a overall devalued market for future sales and manufacturing margins.

Are you planning on leaving the game soon? Do you need to cash out the market as quick as possible as you wont be involved in it again? If the answer is "no" then maybe you should invest in a monocle, as your being a bit short sighted.

Varius Xeral
Doomheim
#8 - 2013-01-13 20:56:34 UTC
You're presuming a lot that doesn't need to be presumed. Notice the judicious use of the word "marginal".

Official Representative of The Nullsec Zealot Cabal

Kara Books
Deal with IT.
#9 - 2013-01-14 05:49:01 UTC
I go through buy and sell cycles, I.E. buy 100B in goods and resale for 130B isk

Once stocks drop to a certain level, its fun time again..


In the meantime, I usually mod 20-30 orders of my 300 randomly, making sure my competition knows im still there and making sure they update ALL their orders taking up their 2 hours while I randomly and annoyingly scrolly wheel my buy orders.

Once im the only one left, I usually get bored and go pick on an active station against active orders.
Alex Grison
Grison Universal
#10 - 2013-01-15 00:30:39 UTC
When I want to annoy another trader who is mucking up my market. I will usually just "Donate" 50 tons of mayonaise. Straight to their hangar.

yes

Sola Mercury
Republic Military School
Minmatar Republic
#11 - 2013-01-15 02:32:20 UTC
I like it simple.
I sell when prices are going up
And buy when they go down.
No need for 0.01 ISk boredom

Need to know middle-term value, to avoid losses.
Yvormessier
The Scope
Gallente Federation
#12 - 2013-01-15 07:19:14 UTC
If you make regionwide buy orders you will get a fair bit of stuff in low sec which doesn't sell well. Save up a bit of it then cancel a few buy orders dump the stuff on an annoying competitor(hopefully clearing some buy orders in the process) then redo your buy orders at a lower price.
Huang Mo
Tianxia Inc
#13 - 2013-01-15 16:54:35 UTC  |  Edited by: Huang Mo
My favorite tactic against 0.01 ("zero-one") incrementers is a tactic I call 10-1 ("ten-one"). The idea is to define your break-even price and then march towards that price in only 5-10 increments. If your opponent follow you, you dump your goods on him when you reach the top (making a little profit but for virtually no effort) and then lean back while he is jumping himself to death for no profit.

It works very well. I've won one market war using that tactic against an opponent that was encroaching on my markets. After having identified his markets I placed 10-1 orders all over the place until his profit went to zero and he surrendered :-)

The beauty of it is that if your opponent is online a lot and increment you within a few hours, you don't even need much capital for it to work.
Alex Grison
Grison Universal
#14 - 2013-01-15 17:58:54 UTC
Updating wars only really **** things up when people try to "show you" by undercutting you by large amounts.

yes

Barakach
Caldari Provisions
Caldari State
#15 - 2013-01-15 18:13:48 UTC
Sola Mercury wrote:
I like it simple.
I sell when prices are going up
And buy when they go down.
No need for 0.01 ISk boredom

Need to know middle-term value, to avoid losses.


The turn over rate of this method isn't the best, but if you have the isk and the patience, it's the best way to afk trade.
Varius Xeral
Doomheim
#16 - 2013-01-15 21:49:22 UTC
Thanks for all the input so far. I'm going to give it another weekend, and then I'll add the suggestions to my own as a master list. People can always add more later, but my guess is that the thread will slide into obscurity and be locked sooner rather than later, so get them in now.

Official Representative of The Nullsec Zealot Cabal

Rip Minner
ARMITAGE Logistics Salvage and Industries
#17 - 2013-01-15 23:06:43 UTC
Regon Trading.

Low sec.

If you regon trade your going to end up with stuff in low sec.

Short term dont resale this just cost of doing regon trading. But it's not a lose it is in fact long term trading.

What you want to do here is let it build up till it's worth picking up or contracting in. As easy as that.

Some times you will bank a mega ton on low sec. aka PI comoditys when they first started up taxs on PI. I had alot of low sec PI coming in.

After taxs alot less but it was worth alot more. Easly made 6bil off what I had in lowsec that cycle.

Cycle Regon Trading is how you out do your short term traders. The one's working at it everyday.

After you max your skills and you should spend time doing short term trading. For exp. in trading and learning the game.

Starting out.

1.) Train skills build isk pocket book to start with. Don't care how you do it. Mine/Mission/Scam/ect.

2.) Take sik pocket book and start station trading short term trades. Till you learn to do good with that. Watch markets learn how to tell what's coming next.

3.) Expand to semi-Regon trading. Open up your starmap and find out how many jumps to closest low sec and set your trades just short of that to stay in High sec. Get a feel for how that works.

4.) Expand again to Regon Trading. Learn Contracts how they work how to use them to move your goods around for you.

5.) Get good at long term region trading. Learn how to spend a few houres each week Regon trading and bring in a few bil each month with little effort as you play EVE doing something else.

6.) Profit blow people up and be happy eve player :)

Is it a rock point a lazer at it and profit. Is it a ship point a lazer at it and profit. I dont see any problems here.

LittleTerror
Stygian Systems
#18 - 2013-03-30 18:49:48 UTC
Kara Books wrote:

In the meantime, I usually mod 20-30 orders of my 300 randomly, making sure my competition knows im still there and making sure they update ALL their orders taking up their 2 hours while I randomly and annoyingly scrolly wheel my buy orders.


When you do that I just scroll my mouse wheel a little harder.
Kara Books
Deal with IT.
#19 - 2013-03-30 22:05:49 UTC
LittleTerror wrote:
Kara Books wrote:

In the meantime, I usually mod 20-30 orders of my 300 randomly, making sure my competition knows im still there and making sure they update ALL their orders taking up their 2 hours while I randomly and annoyingly scrolly wheel my buy orders.


When you do that I just scroll my mouse wheel a little harder.


Meh, iv seen worse, the kind of worse where I just have to remove all profits for a month by just killing the orders and just go and invent/build whatever I plan to crash and if competitor backs down, Manipulate instead and turn a fatty profit(usually not the case)

hows that for a market trick?

--but but--Then people come on the forums and cry, but but, I read on MD this makes billions with like 2 seconds a month =(
Whatever you read here on MD about investing ISK, either make sure its well detailed or backed up with solid proof, that or your about to become a part of some elaborate trick some one wants to play on a bunch of people all at once, for tears and profits.

the fact of the matter is, the heavier the competition, the more chances your going to get swapped out of the item or items like a hit and run trader, and picture people just like you, tens of them reading that advice doing the same thing, with the same results, BUT thats not the point, now picture how much work it will be to try to stay on top?

Best ISK is passive ISK, but its definitely NOT where you see determined competition, just be creative and dont be greedy.
LittleTerror
Stygian Systems
#20 - 2013-03-30 23:31:23 UTC
Kara Books wrote:
LittleTerror wrote:
Kara Books wrote:

In the meantime, I usually mod 20-30 orders of my 300 randomly, making sure my competition knows im still there and making sure they update ALL their orders taking up their 2 hours while I randomly and annoyingly scrolly wheel my buy orders.


When you do that I just scroll my mouse wheel a little harder.


Meh, iv seen worse, the kind of worse where I just have to remove all profits for a month by just killing the orders and just go and invent/build whatever I plan to crash and if competitor backs down, Manipulate instead and turn a fatty profit(usually not the case)

hows that for a market trick?

--but but--Then people come on the forums and cry, but but, I read on MD this makes billions with like 2 seconds a month =(
Whatever you read here on MD about investing ISK, either make sure its well detailed or backed up with solid proof, that or your about to become a part of some elaborate trick some one wants to play on a bunch of people all at once, for tears and profits.

the fact of the matter is, the heavier the competition, the more chances your going to get swapped out of the item or items like a hit and run trader, and picture people just like you, tens of them reading that advice doing the same thing, with the same results, BUT thats not the point, now picture how much work it will be to try to stay on top?

Best ISK is passive ISK, but its definitely NOT where you see determined competition, just be creative and dont be greedy.


Not a problem really, I can sell a few items for a loss and still make plenty isk on others...
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