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Simple Fix to an Old Headache for Traders

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Hershman
Creepers Corporation
#1 - 2013-11-04 18:03:50 UTC
Feeling randomly motivated to write a forum post this morning. It's been a while but here we go again...

I'll get straight to the point below. Most traders know of this great folly in the market order system, so there's no need for a long winded introduction. With only a slip of the numpad, accidentally adding an extra zero upon price entry. I myself have instantly lost two billion isk due to this on past occasions. Recently with the passing of my beloved cappuccino machine I have lost over 800 million isk... because of "typos".

And that mistake occurred for me again this cappuccino-less morning, only it just happened to coincide with one of my rare bouts of inspired EVE forum posting. I'm not sure if anything will come of this. For some reason only a lucky few seem to understand my forum posts, but maybe today I will be lucky Lol

But hear me out if you will. We all make typos every so often. It's likely there are few Capsuleers in New Eden that practice the profession of a typist. For the rest of us this technically simple change could alleviate the harm of this tragic fact. Without further ado.

It would make us traders a little less sad if these two rules were favored at some point in a future implementation:
  • If the price of a new or existing buy order is set at above the price of a matching sell order within range, the transaction should pay at the sell order price automatically.
  • If the price of a new or existing sell order is set at below the price of a matching buy order within range, the transaction should pay at the sell order price automatically.


    • Quote:
    P.S I know I'm guilty of brushing this off like it's "whatever", just a minor headache in the end. I know some of you out there are the same. But please be proactive today. Reply and let us know you've experienced this headache before. Show support for this little thing so maybe it will be changed one day!

    I play EVE every day! Follow me at http://www.twitch.tv/matthershman
    Angeal MacNova
    Holefood Inc.
    Warriors of the Blood God
    #2 - 2013-11-04 18:09:32 UTC
    What you describe, I saw as an alternative to the Margin Trading skill...

    https://forums.eveonline.com/default.aspx?g=posts&m=3746822#post3746822

    http://www.projectvaulderie.com/goodnight-sweet-prince/

    http://www.projectvaulderie.com/the-untold-story/

    CCP's true, butthurt, colors.

    Because those who can't do themselves keep others from doing too.
    Solstice Project
    Sebiestor Tribe
    Minmatar Republic
    #3 - 2013-11-04 18:17:53 UTC
    So, you blame something else for your own lack of concentration?
    stoicfaux
    #4 - 2013-11-04 18:26:55 UTC  |  Edited by: stoicfaux
    Solstice Project wrote:
    So, you blame something else for your own lack of concentration?

    Says the man with a face full of spikes and burn scars.

    Pon Farr Memorial: once every 7 years, all the carebears in high-sec must PvP or they will be temp-banned.
    Rhivre
    TarNec
    Invisible Exchequer
    #5 - 2013-11-04 18:36:08 UTC
    How would this proposed fix function when an individual has a reason to pay above or below the top orders price?

    Also, tab is your friend, along with the popup warning

    Fluffy Bunny Pic!

    Captain Tardbar
    Deep Core Mining Inc.
    Caldari State
    #6 - 2013-11-04 18:38:55 UTC
    I always double check the zeros and the target of the contract before submitting.

    Looking to talk on VOIP with other EVE players? Are you new and need help with EVE (welfare) or looking for advice? Looking for adversarial debate with angry people?

    Captain Tardbar's Voice Discord Server
    Sobaan Tali
    Caldari Quick Reaction Force
    #7 - 2013-11-04 19:54:19 UTC
    stoicfaux wrote:
    Solstice Project wrote:
    So, you blame something else for your own lack of concentration?

    Says the man with a face full of spikes and burn scars.


    My guess is that Solstice put those spikes on his face for mere funsies...just a guess, though.

    "Tomahawks?"

    "----in' A, right?"

    "Trouble is, those things cost like a million and a half each."

    "----, you pay me half that and I'll hump in some c4 and blow the ---- out of it my own damn self."
    Mr Epeen
    It's All About Me
    #8 - 2013-11-04 20:41:23 UTC
    If only there was a check in the system. Say a special key or a special box you need to hit. You know, like the ENTER key for instance.

    That would give you the opportunity to look over the transaction details before committing to a course of action that will cost you large.

    Oh...never mind. It seems that it's already there.

    Mr Epeen Cool
    Hershman
    Creepers Corporation
    #9 - 2013-11-04 21:10:59 UTC
    Rhivre wrote:
    How would this proposed fix function when an individual has a reason to pay above or below the top orders price?

    Also, tab is your friend, along with the popup warning


    I can't think of any logical reasons for that, but if there are then an easy solution can fill that function. Actually that pop up warning doesn't always show. Not very useful since region averages are often inaccurate Straight

    I play EVE every day! Follow me at http://www.twitch.tv/matthershman
    KnowUsByTheDead
    Sunlight...Through The Blight.
    #10 - 2013-11-04 21:12:55 UTC
    Sobaan Tali wrote:
    stoicfaux wrote:
    Solstice Project wrote:
    So, you blame something else for your own lack of concentration?

    Says the man with a face full of spikes and burn scars.


    My guess is that Solstice put those spikes on his face for mere funsies...just a guess, though.


    No, he is just THAT META.

    Once you realize what a joke everything is, being the comedian is the only thing that makes sense.
    Hershman
    Creepers Corporation
    #11 - 2013-11-04 21:14:06 UTC
    Captain Tardbar wrote:
    I always double check the zeros and the target of the contract before submitting.


    I try to do this too, but for market orders it's easier to slip up, especially if youre taking care of a bunch at one time

    I play EVE every day! Follow me at http://www.twitch.tv/matthershman
    Johnny Marzetti
    Imperial Shipment
    Amarr Empire
    #12 - 2013-11-04 21:15:49 UTC
    Cappuccino is making you fat. You are being saved from diabetes. Drink black coffee like a real businessman, not some fat pansy.
    Hershman
    Creepers Corporation
    #13 - 2013-11-04 21:20:03 UTC
    This Starbucks is already doing that well enough Lol

    I play EVE every day! Follow me at http://www.twitch.tv/matthershman
    Erotica 1
    Krypteia Operations
    #14 - 2013-11-04 21:22:59 UTC
    Why do people come to the forum to propose all sorts of rube goldberg solutions to protect them from their own mistakes?

    If you have a headache, grab some aspirin or something.

    Instead, because you have a headache, you chose to give everyone else a headache.

    See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.
    Dudley Schwartz
    Magic Hamsters
    Miners Inn University
    #15 - 2013-11-04 21:34:09 UTC
    If you make a mistake on the market, you lose and someone gains, I'm afraid.
    Get your chubby fingers on a diet or just pay more attention to what you're doing, no mistakes =)

    Jita 4/4, the heart and soul of New Eden.
    ISD Ezwal
    ISD Community Communications Liaisons
    ISD Alliance
    #16 - 2013-11-04 21:41:13 UTC
    This thread has been moved to Features & Ideas Discussion.

    ISD Ezwal Community Communication Liaisons (CCLs)
    Erotica 1
    Krypteia Operations
    #17 - 2013-11-04 21:44:58 UTC
    ISD Ezwal wrote:
    This thread has been moved to Features & Ideas Discussion.


    The people of General Discussion thank you! Many headaches across the universe have been relieved.

    See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.
    Maximus Aerelius
    PROPHET OF ENIGMA
    #18 - 2013-11-04 21:51:00 UTC
    How would you manage Buy\Sell Orders that are restricted to Solar System\Station only? Would you then courier it FOC to where that Buy\Sell order was?

    I don't see this as a good idea at all I'm afraid, and no, I'm not a scammer.

    [b]Fast Character Switching "XP Stylee" Undocking - More Routes Out of Station[/b] Here's my tear jar > |_| < Fill 'er up!
    Gaia Ma'chello
    Photosynth
    #19 - 2013-11-04 22:07:26 UTC  |  Edited by: Gaia Ma'chello
    Hershman wrote:
    Rhivre wrote:
    How would this proposed fix function when an individual has a reason to pay above or below the top orders price?

    Also, tab is your friend, along with the popup warning


    I can't think of any logical reasons for that, but if there are then an easy solution can fill that function. Actually that pop up warning doesn't always show. Not very useful since region averages are often inaccurate Straight

    Lets say there are these orders up

    Quantity price
    961 50.21
    12 50.21
    102 50.22
    1236 50.22

    And I want to buy 2000 of the item. I could go though order by order draining them of all their quantity. Or I could buy 2000 at 50.22 and get them all quickly, while only wasting 9.73 ISK.

    That is a reason for entering a price above the lowest sell. With your way Id have no choice but spend time doing four buys. And that time is not worth 9.73 ISK.
    Hershman
    Creepers Corporation
    #20 - 2013-11-11 07:41:01 UTC
    Gaia Ma'chello wrote:
    Hershman wrote:
    Rhivre wrote:
    How would this proposed fix function when an individual has a reason to pay above or below the top orders price?

    Also, tab is your friend, along with the popup warning


    I can't think of any logical reasons for that, but if there are then an easy solution can fill that function. Actually that pop up warning doesn't always show. Not very useful since region averages are often inaccurate Straight

    Lets say there are these orders up

    Quantity price
    961 50.21
    12 50.21
    102 50.22
    1236 50.22

    And I want to buy 2000 of the item. I could go though order by order draining them of all their quantity. Or I could buy 2000 at 50.22 and get them all quickly, while only wasting 9.73 ISK.

    That is a reason for entering a price above the lowest sell. With your way Id have no choice but spend time doing four buys. And that time is not worth 9.73 ISK.


    Not quite. But thank you for bringing this up, this is likely the reason why others don't seem to understand what exactly I'm talking about. You have a point here, that is that those simple rules I posted may be a little confusing when applied to orders with multiple quantities. I'll try to explain the application in simple terms.

    Lets look at the example you have given. Assume you forgot to put the decimal in your buy order, and enter a price of 5022 ISK at a quantity of 2000. Under the current procedure your wallet would be charged 961 times the price of 5022 ISK, 12 times the price of 5022 ISK, 102 times the price of 5022 ISK, and 925 times the price of 5022 ISK.

    I maintain that this procedure is illogical, and have still yet to hear a reasonable explanation behind this behavior.

    The purpose of my proposed rule set is to correct this behavior, which to me seems illogical and with no benefits to outweigh its flaws. Using the above example we can observe the behavior of that improved rule set in the exact same situation. A buy order of 2000 units of an item at 5022 ISK is placed. Your wallet is charged 961 times the price of 50.21 ISK, 12 times the price of 50.21 ISK, 102 times the price of 50.22 ISK, and 925 times the price of 50.22 ISK.

    Once again:
    Quote:
    If the price of a new or existing buy order is set at above the price of a matching sell order within range, the transaction should pay at the sell order price automatically.

    If the price of a new or existing sell order is set at below the price of a matching buy order within range, the transaction should pay at the sell order price automatically.


    Hope this helps. Inb4 EVE is harsh derp, typos should take all your iskies derp derp derp.

    o7

    I play EVE every day! Follow me at http://www.twitch.tv/matthershman
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