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Market Breakers ...

First post
Author
GreenSeed
#21 - 2012-03-26 15:36:07 UTC
3Ky NoX wrote:
Pirate



Buy order price was around 1 035 000 000 ISK and sell order around 1 175 000 000 ISK.

Around 20M taxes and fees, well 120M to win. Nice benefits isn't it ?

Someone decide in his faggots head : I MUST SELL MY Machariel NOW !

He put the price of 1 145 000 000 ISK so 30M difference !

Some faggots follows and take that new price as the price for their sell orders too.

And because bad things never stops someone put a Buy Order at 1 055 000 000 ISK to be actually at 1 085 000 000 ISK because that guy wants to be the first in the list and think no one will follow him... BIG MISTAKE ! Many are following......

and SELL orders continues down to 1 118 000 000 ISK.

So 50M UP in Buy Order Price and 57M DOWN Sell Order Price.

So where are the benefits for everyones ?

NoWhere ...




you jsut described a free market.


gtfo eve you damn commie Lol
GreenSeed
#22 - 2012-03-26 15:36:24 UTC
GreenSeed wrote:
3Ky NoX wrote:
Pirate



Buy order price was around 1 035 000 000 ISK and sell order around 1 175 000 000 ISK.

Around 20M taxes and fees, well 120M to win. Nice benefits isn't it ?

Someone decide in his faggots head : I MUST SELL MY Machariel NOW !

He put the price of 1 145 000 000 ISK so 30M difference !

Some faggots follows and take that new price as the price for their sell orders too.

And because bad things never stops someone put a Buy Order at 1 055 000 000 ISK to be actually at 1 085 000 000 ISK because that guy wants to be the first in the list and think no one will follow him... BIG MISTAKE ! Many are following......

and SELL orders continues down to 1 118 000 000 ISK.

So 50M UP in Buy Order Price and 57M DOWN Sell Order Price.

So where are the benefits for everyones ?

NoWhere ...




you just described a free market.


gtfo eve you damn commie Lol

Tekota
The Freighter Factory
#23 - 2012-03-26 15:38:01 UTC
The latest dev blog suggested the average age of CSM voters was 32 years old, with an implication that this was reasonably near the Eve demographic as a whole.

Sometimes I wonder.

Just because you see middle aged rich white men in the GOP debates spouting ineloquent hate fuelled homophobic diatribes doesn't mean you have to stoop to their level.

Get an education, expand your vocabulary; because right now the impression gatherered is that you're not entirely sure which way to sit on a toilet, let alone tie your own shoelaces.

Control your anger issues. I'm assuming you're not four years old anymore. Temper tantrums in the supermarket, shouting and screaming and stomping your little feet is not an activity that impresses grownups or convinces them of your position. If you can't control your anger you may very well someday do something really silly and end up in prison; where, so popular culture would have us believe, you might meet some real "faggots".

"******" is rather widely considered a pretty offensive and homophobic term, especially when used as punctuation as appears the limit of your linquistic abilities. A common theory suggests those least assured of their own sexuality are those most likely to verbally abuse the persuasions of others. If that theory proves correct it would strongly suggest you're rather far back in the closet. In fact - is it snowing? That's Narnia you can see!
Adunh Slavy
#24 - 2012-03-26 15:42:57 UTC
3Ky NoX wrote:

STOP BREAKING PRICES ON THE MARKET WITH MANY MILLIONS ORDERS UPDATE

STUPID FAGGOTS !!!

UPDATING ORDERS WITH 1, 2 or 3 CENTS WORKS TOO ... SERIOUSLY ...


You wouldn't by chance be trying to corner the +1 implant market, would you?

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

flakeys
Doomheim
#25 - 2012-03-26 16:15:26 UTC
WARNING



WE're gonna **** up your profits and market muahahahaaaa tell us how we goons don't ruin your game.



Oh no that's the other thread sorry ..... Roll

We are all born ignorant, but one must work hard to remain stupid.

VaMei
Meafi Corp
#26 - 2012-03-26 18:58:25 UTC
3Ky NoX wrote:
So where are the benefits for everyones ?

NoWhere ...


Sounds like someone who's not a station trader got sick of .01ing insuring that their orders never see the light of day, and decided to put you out of business.Pirate

... and the irony of a Goon crying that someone ruined their game is delicious.
Ireland VonVicious
Vicious Trading Company
#27 - 2012-03-26 19:59:25 UTC
A good trader would take advantage of the swinging prices and increase profit. Shocked

You decided to cry instead as it doesn't fit in with your current trade style. Roll


In short this is healthy for the markets and makes the .01 game less relivant.Blink
Kara Books
Deal with IT.
#28 - 2012-03-27 02:38:35 UTC  |  Edited by: Kara Books
Ditch the goons, head to eve Univ and learn to trade slowly.

Shoot for big things and run into the hundreds of big merchants that will do everything you can imagine to make an extra ISK.


I do teach people how to do it correctly from time to time.
Akita T
Caldari Navy Volunteer Task Force
#29 - 2012-03-27 03:17:37 UTC  |  Edited by: Akita T
3Ky NoX wrote:
Buy order price was around 1 035 000 000 ISK and sell order around 1 175 000 000 ISK.

More than a 13.5% spread on a big ticket item with a relatively stable price?
GOOD LORD, MAN !
That is a hilariously large gaping hole !

Considering I'd still make a (minuscule) profit at a 1% spread, and even a nearly total trade skills newbie with enough ISK can make a (negligible) profit at a 3% spread, when you see noticeably more than a 5% spread in a hub for an item like that, that's a spread worth shrinking for your own benefit. Well, if I'd be a relatively active "day"trader, that is.
ANYWAY, would I be the guy with the 1.035 bil buy order (and time to actually babysit orders), I'd go as low as 1.085 bil (~5%) on a matching sell order without even BLINKING, and down to even 1.055 bil (~2%) if it means I'm the one getting most of the trades and NOT anybody else (that would include you), since 80++% of the entire market at 1% profit is noticeably better than 4% profit for 10-15% of the market (lower RoI, sure, but when you have a truckload of ISK just sitting, meh).

Who does it help ? Me (I make more ISK) and the buyer (he spends less ISK). Also, a stabilized price might even drive volumes up, which helps me more yet again if I have cornered most of the market. Double ka-ching !
Who does it not affect ? Insta-sellers. Or, if I play both sides, it actually HELPS them. And also drives volumes a bit up. Which in turn helps me. Triple ka-ching !
Who does it hurt ? Sellers other than me that don't want to insta-sell (so, other traders mostly). Care level zero.
End effect : Triple ka-ching you say ? GO-GO-GO !!!

In fact, as an active daytrader, I'd probably START by heavily undercutting both existing sell and buy orders even more that that guy has to create a new 5%-ish spread (or even less, might go with an overly aggressive 3% a bit higher than the previous average to drive stockpiling early on) to discourage most other people remaining in and others from even trying to enter that market at all, then slowly relax the spread towards 5% or even higher (after most of the competition bails out) to increase profit, and stop increasing when others start encroaching back on it, tighten it again if too many came around, rinse and repeat.

Long story short, if you want large spreads, visit places where big walletted traders don't bother venturing to too often.
Danari
Syncore
#30 - 2012-03-27 06:23:31 UTC
I was going to give this thread a pass except at the end there was actually a non-trolling post.

I also aggressively crash margins against the .01 undercutters, which is primarily because I only update my orders once a day, preferring maximum isk/active hour over maximum isk/calendar day. And, besides, even while taking this approach I rarely have idle factory slots due to stocks being completely filled. As mentioned above, the effect is to drive out less efficient producers, and minimising listings on market then has the effect of when demand spikes unexpectedly (for instance, when some tool buys up all the zyd), my massive stock and mineral reserves allow me to make 4x-10x the margins for a few days while the under-capitalised producers catch up.
ISD Eshtir
ISD Community Communications Liaisons
ISD Alliance
#31 - 2012-03-27 12:33:23 UTC
3Ky NoX wrote:
Just one thing to say :


Quote:
STOP BREAKING PRICES ON THE MARKET WITH MANY MILLIONS ORDERS UPDATE

STUPID FAGGOTS !!!

UPDATING ORDERS WITH 1, 2 or 3 CENTS WORKS TOO ... SERIOUSLY ...


Thanks for hearing me.


Hi,

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ISD Eshtir

Captain

Community Communication Liaisons

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