These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

How to manipulate the market to maximise your mineral profit

Author
Edgar Aethling
Amarrian Space Poodles
#1 - 2013-01-21 23:21:20 UTC
It's quite simple and, according to CCP, quite legitimate. You will need:

  • your mineral of choice stockpiled in a local trade hub

    • a large sum of capital (preferably between 5-10 billion isk)


    Then all you do is:

  • place an extremely large buy order for your chosen mineral at a price well above the current buy price (for example for tritanium at least 1 billion units).
  • wait until someone 0.01 isks you within a few seconds
  • sell your minerals at the vastly inflated price you have set
  • cancel your buy order
  • profit

  • This is not considered an exploit but does inflating prices in this way strike anyone as against the spirit of the game and the 'player driven' economy'?
    Aryth
    University of Caille
    Gallente Federation
    #2 - 2013-01-21 23:24:21 UTC
    Edgar Aethling wrote:
    It's quite simple and, according to CCP, quite legitimate. You will need:

  • your mineral of choice stockpiled in a local trade hub

    • a large sum of capital (preferably between 5-10 billion isk)


    Then all you do is:

  • place an extremely large buy order for your chosen mineral at a price well above the current buy price (for example for tritanium at least 1 billion units).
  • wait until someone 0.01 isks you within a few seconds
  • sell your minerals at the vastly inflated price you have set
  • cancel your buy order
  • profit

  • This is not considered an exploit but does inflating prices in this way strike anyone as against the spirit of the game and the 'player driven' economy'?


    If you think that is bad, you are gonna be downright horrified when you figure out what I have been doing in minerals and BC

    Leader of the Goonswarm Economic Warfare Cabal.

    Creator of Burn Jita

    Vile Rat: You're the greatest sociopath that has ever played eve.

    SinTeryx
    Ministry of War
    Amarr Empire
    #3 - 2013-01-21 23:55:30 UTC  |  Edited by: SinTeryx
    Edgar Aethling wrote:
    It's quite simple and, according to CCP, quite legitimate. You will need:

  • your mineral of choice stockpiled in a local trade hub

    • a large sum of capital (preferably between 5-10 billion isk)


    Then all you do is:

  • place an extremely large buy order for your chosen mineral at a price well above the current buy price (for example for tritanium at least 1 billion units).
  • wait until someone 0.01 isks you within a few seconds
  • sell your minerals at the vastly inflated price you have set
  • cancel your buy order
  • profit

  • This is not considered an exploit but does inflating prices in this way strike anyone as against the spirit of the game and the 'player driven' economy'?



    *Waits for a trader to unload the billions of minerals they have stockpiled(probably in the trillions) in you're hub awaiting something like this at a huge profit*

    These may as well be farts in the wind but I have had a few beers since the start of this thread.

    Edgar Aethling
    Amarrian Space Poodles
    #4 - 2013-01-22 00:14:34 UTC
    SinTeryx wrote:

    *Waits for a trader to unload the billions of minerals they have stockpiled(probably in the trillions) in you're hub awaiting something like this at a huge profit*



    It would rarely happen unless you were pretty unlucky.

    I've thought about doing that myself with my own mineral stockpile but you know that in 5-10 minutes the mineral price will increase significantly as smaller buyers 0.01 isk the huge order ahead of them.

    Haven't you noticed the considerable gaps between buy orders a trade hubs such as Jita/Amarr as a result of this and then the subsequent 0.01 isking?
    Wescro
    Deep Core Mining Inc.
    Caldari State
    #5 - 2013-01-22 01:41:20 UTC
    Won't work.

    I could detail why not but I'm doing other, more worthwhile things.
    SinTeryx
    Ministry of War
    Amarr Empire
    #6 - 2013-01-22 02:59:00 UTC
    Edgar Aethling wrote:
    SinTeryx wrote:

    *Waits for a trader to unload the billions of minerals they have stockpiled(probably in the trillions) in you're hub awaiting something like this at a huge profit*



    It would rarely happen unless you were pretty unlucky.

    I've thought about doing that myself with my own mineral stockpile but you know that in 5-10 minutes the mineral price will increase significantly as smaller buyers 0.01 isk the huge order ahead of them.

    Haven't you noticed the considerable gaps between buy orders a trade hubs such as Jita/Amarr as a result of this and then the subsequent 0.01 isking?


    I honestly have not. In any major trade hub if you attempt this someone will take advantage guarunteed. You realize the big traders in this game have stockpiles that they are just sitting on after many months of speculation based on current in-game events, for example the Blue doughnut that is about to explode, as well as upcoming changes to BC's. A few smaller buyers may fall for it...but they will not be putting up buy orders in the amounts you are talking in order to cover you're market costs, even at perfect skills (Accounting V, Broker Relations V, Social and standings needed). It may be possible if you catch someone who has a few billion isk laying around and truly has no idea what they are doing.

    This is just my 2cents. Take it or leave it.
    -Sin

    These may as well be farts in the wind but I have had a few beers since the start of this thread.

    Cooyaw
    State War Academy
    Caldari State
    #7 - 2013-01-22 03:47:41 UTC
    You go ahead and do that with your isk.

    Its hardly an exploit, its bad financial management trying to artificially inflate a market for such a short period of time, especially a mineral market.

    #1 as previously stated, you will most likely be back in the normal price range of the order within the first as sale or two, and the buyers probably won't be nearly high enough volume

    #2 trying to manipulate mineral prices unless you are chribba or grendel or some other "richer than God" pilot, will probably end with less isk in your wallet than you started.

    Now artificially inflating a module market, I've seen that done with some success, but its not as easy as 123= profit like you are saying.

    If you're nitty careful with these ridiculously over aggressive market strategies, then you will lose it all.

    If its to good to be true, it is, leave it for the people with more isk than God , .because they can afford to lose 5_10_20 billion on a risky speculation like this.

    SinTeryx
    Ministry of War
    Amarr Empire
    #8 - 2013-01-22 04:03:33 UTC
    Cooyaw wrote:

    more isk than God 5_10_20 billion on a risky speculation like this.



    Is not risky speculation for people like this....but the stores of minerals they have invested in for the next 5-7+ months will destroy said OP's idea.

    All I am saying is...to anyone...do not do this.
    -Sin

    These may as well be farts in the wind but I have had a few beers since the start of this thread.

    Joshua Vaughn Lampen
    Archer Investments Initiative
    #9 - 2013-01-22 04:49:25 UTC
    Are you the same guy that failed miserably to manipulate the pyerite market only for it to correct itself in a matter of hours as everyone raced back down to the normal price range?
    Charlepetit LaJoie
    Trust Me Ltd
    #10 - 2013-01-22 08:47:53 UTC
    Gatecamps, bait ships, suicide ganking, ninja salvaging, corp theft, corp spies, AWOXing, lowsec courier contract traps, contract scams, margin trade scams --

    Nope, I don't think market manipulation is contrary to the spirit of the game.
    shar'ra matcevsovski
    Doomheim
    #11 - 2013-01-22 09:04:27 UTC
    10b is literaly nothing when it comes to trading with Minerals. 0.02 isk profit is barely going to cover your broker fee. also this is simply trading and has absolutely nothing to do with scaming or even exploiting.

    shar'ra phone home

    Vaerah Vahrokha
    Vahrokh Consulting
    #12 - 2013-01-22 13:06:01 UTC  |  Edited by: Vaerah Vahrokha
    Edgar Aethling wrote:
    SinTeryx wrote:

    *Waits for a trader to unload the billions of minerals they have stockpiled(probably in the trillions) in you're hub awaiting something like this at a huge profit*



    It would rarely happen unless you were pretty unlucky.


    It's not about being unlucky, but about not knowing how to do it well. That order would stand out like a light in a tunnel and given the volume traded in minerals, it's almost normal for that order to be dumped over within minutes. Sure, some guy will have probably put 1-2 orders for 3-10M units 0.01 ISK above yours but then those 2 orders are insta-melted as somebody dumps 5B on them and goes straight down to yours like an hot knife in butter.


    Edgar Aethling wrote:

    I've thought about doing that myself with my own mineral stockpile but you know that in 5-10 minutes the mineral price will increase significantly as smaller buyers 0.01 isk the huge order ahead of them.

    Haven't you noticed the considerable gaps between buy orders a trade hubs such as Jita/Amarr as a result of this and then the subsequent 0.01 isking?


    Yes we noticed, those are other tecniques made by people who know how to do it but better.
    Varius Xeral
    Doomheim
    #13 - 2013-01-22 13:34:50 UTC
    Posting in a shadow margin scam whine thread.

    Official Representative of The Nullsec Zealot Cabal

    Bob Killan
    Dzark Asylum
    #14 - 2013-01-22 13:38:54 UTC  |  Edited by: Bob Killan
    Edgar Aethling wrote:
    Bad idea, idea is bad.


    Dont be an isk printing machine what you are describing is. Alot of traders have large sums of isk and for one reason or another have little time to macro manage 1000's of orders. The main rule of trading in any form is buy low sell high. Following on from that a nice way of making isk with little to no effort, once you understand a bit about eve, is to look for any item that is always in demand and regularly watch it. when you feel the price is lower than it should be build up a stock pile and wait. Do this on 10-20 Items. And the items just sit there.
    Also keep an eye on MD.

    Every so often some post, "OMG WTF is happening with X". This is you prompt for profits. Usually the above is translated to "OMG I just spent Zillions on X and the price is now higher (no S%!& Sherlock) please buy my stuff at the higher price before the spike finishes"

    Now put you stock up for sale and sell as much as you can. When the maket starts falling back to normal level, Fill as many buy orders as you can at profit and put a big stack of your stock on sale for a few % above this "normal" profitable level. Then 0.01 isk your self with smaller orders every 10 mins for a few hours every so often knocking a fraction off the profit.

    Soon the market will be in freefall and soon you can rebuild your stock pile up at much cheaper prices. And then your back to waiting.


    Every so often some simple minded person will enter one of your makets and try to push the price up with a hugh buy order from which you can make mad profit from and also as you just gave someone billions of items it will usually start another market crash (see above you could even help it on its way) allowing you to buy the exact same stock you just sold for less isk.

    Its always good seeing someone you dump on dumping into your much reduced buy price when they want some isk back....
    Dave Stark
    #15 - 2013-01-22 14:03:06 UTC
    Aryth wrote:
    If you think that is bad, you are gonna be downright horrified when you figure out what I have been doing in minerals and BC


    is it the market equivalent of drinking from the carton?

    i hate people who drink straight from the carton. savages.
    Cooyaw
    State War Academy
    Caldari State
    #16 - 2013-01-22 15:33:27 UTC
    SinTeryx wrote:
    Cooyaw wrote:

    more isk than God 5_10_20 billion on a risky speculation like this.



    Is not risky speculation for people like this....but the stores of minerals they have invested in for the next 5-7+ months will destroy said OP's idea.

    All I am saying is...to anyone...do not do this.
    -Sin


    that is all i am saying as well.
    Alex Grison
    Grison Universal
    #17 - 2013-01-22 18:21:19 UTC  |  Edited by: Alex Grison
    Edgar Aethling wrote:
    It's quite simple and, according to CCP, quite legitimate. You will need:

  • your mineral of choice stockpiled in a local trade hub

    • a large sum of capital (preferably between 5-10 billion isk)


    Then all you do is:

  • place an extremely large buy order for your chosen mineral at a price well above the current buy price (for example for tritanium at least 1 billion units).
  • wait until someone 0.01 isks you within a few seconds
  • sell your minerals at the vastly inflated price you have set
  • cancel your buy order
  • profit

  • This is not considered an exploit but does inflating prices in this way strike anyone as against the spirit of the game and the 'player driven' economy'?


    Judging by how you made this thread a "How to" sort of deal I don't think you have a ton of market experience. There is a reason that people don't do this more often.

    This isn't market manipulation. In order to truly manipulate a market you need to control the source. Which in this case would mean controlling every asteroid belt and miner in eve.

    at the most this is whats called a pump-and-dump. It's not an exploit at all. It poses zero actual risk of "damaging" the market. If anything it will just blow a chunk out of your wallet.

    There are people who are watching the market in other systems and who will sell remotely. So as you keep doing this. your chance of incurring a large loss remain constant. and is really only a matter of time.

    I would not do this.

    Also which hub are you doing this in?
    and which minerals?

    yes

    joyous the
    Slippery Penguin
    #18 - 2013-01-22 20:17:55 UTC  |  Edited by: joyous the
    With a product of this volume you would be better served making a small-ish order at a hightened price then creating multiple orders continually outbidding yourself while continually creating new orders. It masks your intentions and makes the impression to other traders in the market that it isn't a manipulation attempt, but rather the "new" price. People will be more willing to jump your orders if it looks like many others are doing the same. One giant order just screams a market ploy and will keep many traders away and competing for the top spot behind your order because as said before, it makes you a prime target for a stock dump.

    *Edit*
    That said, giant buy orders to push the market isn't overall a bad option when dealing with lower volume products if you also adjust the sells at the same time. If you know the market well enough, i.e. activity within, sellers within, global stock, influx of new stock and the ease of production then it works -as long as the giant buy is a notable % of whats currently available stock wise/volume sold in EVE. Following the giant buy with spam small orders to give the illusion of more activity within the market is usually a decently smart option because as said before, traders come when they see others doing the same. Baaa baaaa essentially.
    Kara Books
    Deal with IT.
    #19 - 2013-01-22 23:33:31 UTC
    Big question, big answer.

    Buy minerals and sell stuff as your mineral worth grows.
    wait for next year for some one to do the same.

    the certainty of the market is flawed due to falling PLEX prices.
    Candy Oshea
    Techfree Investment Group
    #20 - 2013-01-23 00:19:56 UTC
    Some idiot tried this with Mexallon last night.

    They used 2 buy orders at .50 higher than mine.

    I lol'd when 4 minutes later the 2 orders were gone and my order was filled.

    iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!