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Market Play
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Perihelion Olenard
#1 - 2012-11-29 17:53:02 UTC  |  Edited by: Perihelion Olenard
For some deadspace/faction items I'm seeing pretty decent differences in market prices in different places in high sec. For example, I could buy three hypothetical shield boosters in Amarr for 150 mil, sell in Jita for 200 mil, and make 150 mil easy profit before tax.

My question is what is preventing people from doing this already? Why are there differences that some people aren't taking advantage of to make easy isk?
Noriko Mai
#2 - 2012-11-29 18:00:12 UTC
Maybe same reason as yours. Or it's a scam and you haven't looked carful enough.

"Meh.." - Albert Einstein
Perihelion Olenard
#3 - 2012-11-29 18:02:47 UTC  |  Edited by: Perihelion Olenard
I'm talking about sell orders only. The reason I'm not doing it is because others aren't doing it. Perhaps they know something about the market I don't and I'm oversimplifying things. Are they just too lazy to move them 20 or so jumps to make 10 mil?
Silk daShocka
Greasy Hair Club
#4 - 2012-11-29 18:18:52 UTC
Some deadspace/faction items sell very slowly, if at all.

Looking at only teh sell orders it may seem you will turn a good profit, but it may not sell at that price, or it may not sell fast and you get undercut till you make no money.

Although, you could have simply found a good trade as well.
Borascus
#5 - 2012-11-29 18:20:36 UTC  |  Edited by: Borascus
Perihelion Olenard wrote:
I'm talking about sell orders only. The reason I'm not doing it is because others aren't doing it. Perhaps they know something about the market I don't and I'm oversimplifying things. Are they just too lazy to move them 20 or so jumps to make 10 mil?

In what? and when?

Also; there are micro-management teases with Contracts displaying 100 x [Rare Tag] and a buy order putting the contract marginally in profit. Which could then be micromanaged.


The distance travelled is ample time for a dedicated marketeer to adjust their prices. Bite the bullet, buy em all, and move them.
Toroup
Prometheus Deep Core Mining and Salvage
#6 - 2012-11-29 18:22:37 UTC  |  Edited by: Toroup
Yeah, so people are not lazy and 150M profits rarely exist between The Forge and Domain. I would recommend that you look at the market/price history before you do anything. Amazingly, you may find that the 100M booster has a market history of 10M and the same person who has the 150M buy order in Jita (which I guarantee is being secured by a much smaller escrow because of the Margin Trading skill) is the same person who is selling it in Domain for 100M.

If the market history (long term - like 6-12 months) supports the price then maybe you found a trade route deal.

If it is a scam (meaning the market history does not support the price) then the way it works is I put a sell order in for 100M in Domain and then a buy order for 150M in Jita. Because I have Margin Trading 5, I only have to escrow 114M for the buy order. I then move all isk out of my wallet. Bob (being you) buys the booster in Domain and then tries to sell it in Jita. So I do one of two things - if I'm online, I cancel the buy order and I have just sold you a 10M booster for 100M. Or, if I'm not on, you try to sell it for the 150M buy order in Jita but I don't have the isk in my wallet to bridge the 114M escrow and the 150M buy order so my buy order gets cancelled automatically and you are left holding the afore mentioned 10M booster that you paid 100M for.

Welcome to Eve "if it's too good to be true yada yada yada" market play.

A good market technique is look at intrastation deltas between buys/sells - for example Caldari Navy Ballistic Control System used to have a 97.5M sell price in Jita and a 90M buy price with a volume of like 200-400 units a day. So if you could maintain the highest buy price and the lowest sell price, the spread was about 7.5M per unit (before tax/fees). Unfortunately, people have caught on to that one and buys are now 95M - so only a 2.5M spread and kinda not worth it but that is a good example of what to look for - good delta between highest buy/lowest sell and decent volume.
Perihelion Olenard
#7 - 2012-11-29 18:31:50 UTC  |  Edited by: Perihelion Olenard
I wouldn't be satisfying anyone's buy order. I'd buy from a low sell order in one place in high sec and create my own higher sell order somewhere else in high, or even low sec.
Toroup
Prometheus Deep Core Mining and Salvage
#8 - 2012-11-29 18:40:21 UTC
Perihelion Olenard wrote:
I wouldn't be satisfying anyone's buy order. I'd buy from a low sell order in one place in high sec and create my own higher sell order somewhere else in high sec.


Just make sure to look at the volume history - if it only moves like 5 units a day or if the average is at the buy price then you know that people selling them and not necessarily buying them. A good example would be the Federation 350mm rail guns - 80M isk sell orders, 20M buy orders and an average volume of 5 units all at the 20M price - so people are selling loot or replaced units vs buying new items.
Perihelion Olenard
#9 - 2012-11-29 18:46:45 UTC
This is why I don't have a job in finance. I'll just stick to shooting things.
Unsuccessful At Everything
The Troll Bridge
#10 - 2012-11-29 18:53:25 UTC
Perihelion Olenard wrote:
This is why I don't have a job in finance. I'll just stick to shooting things.


Im glad it took 9 posts to figure that out. Good Luck.

Since the cessation of their usefulness is imminent, may I appropriate your belongings?
Perihelion Olenard
#11 - 2012-11-29 18:58:33 UTC
Unsuccessful At Everything wrote:
Perihelion Olenard wrote:
This is why I don't have a job in finance. I'll just stick to shooting things.


Im glad it took 9 posts to figure that out. Good Luck.

What a useful post. Post some more, please.
Aaden Dante
Sebiestor Tribe
Minmatar Republic
#12 - 2012-11-29 19:12:12 UTC
Perihelion Olenard wrote:
This is why I don't have a job in finance. I'll just stick to shooting things.


It isn't finance, it's manipulating game mechanics to win. i.e. market PvP. Half the stuff Eve traders do is either impossible in finance or completely illegal.

After all, just like in Eve, no one looks at Europe's commodity prices when buying in N.America.
Christy D Floyd
Garoun Investment Bank
Gallente Federation
#13 - 2012-11-29 19:30:29 UTC
A real simple way to detect a false buy order is just try to fill it with one item. If the buy order has a min ammount above one then most likely its a market scam thus dont even try filling it with one item. The best returns I have had have been from running skill books out to null sec and selling them.

Money is better than poverty, if only for financial reasons.