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Modify order the drop 1isk game, brokers fee does not discourage this no real time delay ?

Author
Scaramanga Erquilenne
#1 - 2013-01-31 13:57:21 UTC  |  Edited by: Scaramanga Erquilenne
Okay so i made some items and put them for sale on the market ,I then entered in to the drop ISK game and it been this way for days now and sold nothing . Value of the item is 3mil isk each and each time i modify the order to be competitive i just get charged between a hundred to two hundred thousand isk. And a moment later some one else does the same thing and on and on .

So say you go out go to work come home relax and decide to play some EVE , you look at your orders and discover your orders and market items were undercut within 1 hour of you changing your order. So the person that has more time to play eve is the one who going to sell his stuff and the person who has to leave the game for 10 hours is going to sell nothing .

My point is the game does little if nothing to discourage this and brokers fees are ridiculously low to modify a order.I understand location has allot to do with it as well and haveing spread my items out in the game.Just seems like its a waste of time trying to do anything on the market if you have to leave the game and got to work etc and cant access eve.Maybe they should have put that in the tutorial would have saved me lots of isk and time.

Like most things in EVE it punishes casual players ,they should at least increase the fee to modify a order are make a larger time delay to modify a order. Because as far as i can see the only people who win here are the people that have access to EVE while at work are unemployed are they make a living from the plex of us casual players.
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist 
Kahega Amielden
Rifterlings
#2 - 2013-01-31 14:01:59 UTC
Try undercutting people by more than .01 ISK and maybe your stuff will sell faster?
addelee
KarmaFleet
Goonswarm Federation
#3 - 2013-01-31 14:07:23 UTC
And don't sell everything in popular places.
Look where PvP is actually going on and Agent running and it'll open markets. Most people will buy in their system rather than at a trade hub if the prices aren't hugely inflated.

Scaramanga Erquilenne
#4 - 2013-01-31 14:23:18 UTC
Believe me i tyred a large undercut and within 30 min 5 other people undercut that ,Having observed the markets in the game i can only assume that a number of players treat this like a job. And the game does nothing to discourage it there is no real penalty are delay in modifying a order,At least in real life it would take a along time to modify such orders and cost allot more to do it.


I am sure they are plenty of places that i have yet to venture were trade is better .My frustration is with the process. of modifying a order its just way to easy and to cheap and the only winners are those who have access to the game at work etc .I have come to the conclusion that as a casual player manufacturing is really only viable as a means to support your in game pvp.Will try again once i have a better understanding of the markets and locations for trade
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist 
Ember Saint
Time-Lost Proto-Drake
#5 - 2013-01-31 14:57:58 UTC
The biggest problem with the .01 isking is the fact the broker's fee for the change usually a meagre 100 ISK, because its based on the change and not the sell price. If it was based on the sell price, I'd suspect there wouldn't be that much .01-isking every 5 minutes.
Captain Tardbar
Deep Core Mining Inc.
Caldari State
#6 - 2013-01-31 15:12:32 UTC
Well there are some station traders that sit there and watch every single one of their sells and will penny war all day.

Out of spite I start dropping the price drastically to force them to drop theirs.

Its how a free market works.

Though often I will just sell to the highest buyer or slightly above since I don't often want to play penny wars.

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Dasola
New Edens Freeports
#7 - 2013-01-31 15:20:58 UTC  |  Edited by: Dasola
Welcome to market side of EvE. It can eb just as cut throat as blowing ships up in pvp... But then again, you all ready noticed this.

There afre things and locations worth selling. Take a look at market history. if average movement is 20 items, theres no point putting 1000 on sale.

This is where your alts come in, spread over several regions/tradehubs and put little of your stuff on sale for all of them... You will soon see where you get undercut fastest, where it takes a while...

I have alt that is succesfull manufacturer, he buys materials, builds stuff and sells them in nearby tradehub. Ok, he makes itemst that are either big ticket(high price) or large (as in large volume). Both of these limits competition a little... Works out nice, can plex himself every month even if im not running 10 lines/24hours...

Broker fees are not there to discourage competition, they are there as small isk sink.

We are Minmatar, Our ship are made of scraps, but look what our scraps can do...

Scaramanga Erquilenne
#8 - 2013-01-31 15:39:52 UTC  |  Edited by: Scaramanga Erquilenne
Ember Saint wrote:
The biggest problem with the .01 isking is the fact the broker's fee for the change usually a meagre 100 ISK, because its based on the change and not the sell price. If it was based on the sell price, I'd suspect there wouldn't be that much .01-isking every 5 minutes.



I never knew this , so the more you drop your price the higher the brokers fee is ? so it even pays just to play the 1 ISK drop ?


I have enjoyed learning a bit about contracts and the markets its a game within its self.I just think it would be so much better if changing a order was more of a risk and commitment rather than a low cost one minute task you can change at any time .A greater fee and time delay are a limited number of order modifications each day based on skill level would give it a bit more meaning rather than its current state.

Just started looking at the contracts for courier services now that seems like a interesting murky world of risk and reward and pvp
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist 
Steven Koskanaiken
Deep Core Mining Inc.
Caldari State
#9 - 2013-01-31 16:57:55 UTC  |  Edited by: Steven Koskanaiken
No offense OP.

But what I read is:

"I dont like how market mechanics work and how dedicated traders undercut me."

So I ask you:

Why on earth (or Jita) are you doing market PvP. If you dont like it, dont do it. You can always sell to best buy or hope your items sell eventually.

As for couriers...

Be aware of scams and low paying stuff and remember you are competing with both Push and Red Frog.
Nerath Naaris
Pink Winged Unicorns for Peace Love and Anarchy
#10 - 2013-01-31 17:21:19 UTC
Without more details I can only asssume that you trade the wrong items.

I trade in Jita and update my orders once a day.
Sure, could probably be a lot better if I babysit my orders continually, but even so I still do a fine business, so casual trading is not the problem.

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addelee
KarmaFleet
Goonswarm Federation
#11 - 2013-01-31 17:22:41 UTC  |  Edited by: addelee
It might be worth considering how much profit, if any, you'd actually make if you were the cheapest price. By the time you include raw mineral cost, tax, broker fee, cost of factory, factor in BP cost (and any research if it's not a BPC), I suspect you might be making a loss if the character isn't that old.

A lot of the larger scaled production is done by very specialised (and high SP) characters so the cost of production will be lower than yours. On top of that, if you are manufacturing anything that drops as loot for mission runners, you will always be price cut as most mission runs will fire sale everything where the aim is just shifting the stuff rather than play the market.

I'd perhaps look into margin trading if it's markets you want to be in.
Scaramanga Erquilenne
#12 - 2013-01-31 17:51:18 UTC
Nerath Naaris wrote:
Without more details I can only asssume that you trade the wrong items.

I trade in Jita and update my orders once a day.
Sure, could probably be a lot better if I babysit my orders continually, but even so I still do a fine business, so casual trading is not the problem.



Would be very surprised if your selling stuff in jita with one order update a day , unless you have some very rare items.I have sat and watched that market for hours and one market update a day is not going to sell most items
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist 
Scaramanga Erquilenne
#13 - 2013-01-31 18:06:22 UTC  |  Edited by: Scaramanga Erquilenne
Steven Koskanaiken wrote:
No offense OP.

But what I read is:

"I dont like how market mechanics work and how dedicated traders undercut me."

So I ask you:

Why on earth (or Jita) are you doing market PvP. If you dont like it, dont do it. You can always sell to best buy or hope your items sell eventually.

As for couriers...

Be aware of scams and low paying stuff and remember you are competing with both Push and Red Frog.





No offence taken )


My frustration is with the game mechanic i fully understand that the item you produce and the location you sell it are of importance. But none of that matters if your not at your keyboard modifying your order every 5 minutes ,I don't see how people cant see that .The game basically boils down to how often you can check you market orders and how often you can alter the order , nothing else no skill just who plays the game the most


For a game that requires some knowledge and intellect to play it Just undermines the whole idea of the market in my view As i said if you have a job outside of EVE and no access to EVE its very hard to sell stuff as some one undercuts that straight away , As others have said people do this all day for fun so your casual player is going to struggle to sell any thing.Should be a time delay and a restriction on the number of market order modifications a player can make each day.


And i dont want to be a trader i just wanted to build some stuff and sell it so i can afford a ship to PVP in, then i discover you need to be altering your order every other minute in order just to sell it
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist 
TyeBaak
Pator Tech School
Minmatar Republic
#14 - 2013-01-31 18:38:54 UTC
OP: You're correct, the casual player can't really play the .01 isk game. Not if you want to play other parts of the game. If you just want the isk, just sell to buy orders.

As you say, people who have the time/resources to play the game more often or with more accounts will always have the advantage, else why would they invest so much time/money into the game? Your mechanic change in order to 'level the playing field' will only penalize the more...dedicated...players.

That said, there are other ways to take advantage of the .01 isk marketeers...though be warned, you're swimming with sharks.

TB
Scaramanga Erquilenne
#15 - 2013-01-31 19:00:02 UTC
TyeBaak wrote:
OP: You're correct, the casual player can't really play the .01 isk game. Not if you want to play other parts of the game. If you just want the isk, just sell to buy orders.

As you say, people who have the time/resources to play the game more often or with more accounts will always have the advantage, else why would they invest so much time/money into the game? Your mechanic change in order to 'level the playing field' will only penalize the more...dedicated...players.

That said, there are other ways to take advantage of the .01 isk marketeers...though be warned, you're swimming with sharks.

TB



Thanks for the feedback , Its a shame because i like the markets and industry i just don't have the time are desire to play the modify order metagaming.Will just look to use manufacturing to try and produce my own ships and ammo for PVP in the future
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist 
Steven Koskanaiken
Deep Core Mining Inc.
Caldari State
#16 - 2013-01-31 19:54:28 UTC
Scaramanga Erquilenne wrote:
TyeBaak wrote:
OP: You're correct, the casual player can't really play the .01 isk game. Not if you want to play other parts of the game. If you just want the isk, just sell to buy orders.

As you say, people who have the time/resources to play the game more often or with more accounts will always have the advantage, else why would they invest so much time/money into the game? Your mechanic change in order to 'level the playing field' will only penalize the more...dedicated...players.

That said, there are other ways to take advantage of the .01 isk marketeers...though be warned, you're swimming with sharks.

TB



Thanks for the feedback , Its a shame because i like the markets and industry i just don't have the time are desire to play the modify order metagaming.Will just look to use manufacturing to try and produce my own ships and ammo for PVP in the future


Just keep in mind:

You can always sell to buy orders. And in some cases the difference between buy and sell orders isnt that big.

Location is also important. Lower activity areas have less traders and thus less competition. They also have less supply and you can thus sell stuff a bit more expensive. (most people wont jump 10 jumps to a trade hub to buy a ship for 35 instead of 40 mil)

Private industry contracts. My industry char did private building in the past where a corp was buying up an item I put on the market. I contacted them and then supplied to them at a nice fixed price.
Lost Greybeard
Drunken Yordles
#17 - 2013-01-31 20:08:12 UTC
If you're in a hub that popular, chances are the highest buy order is within 10 or 20% of the lowest sell order anyhow, just sell to that unless you just really, really love playing the market game.

As other people frequently point out about mining, getting that extra 10 to 20% is only "free" profit if all the time you waste securing it has no value.
Zanzbar
The Scope
Gallente Federation
#18 - 2013-01-31 23:40:37 UTC
Scaramanga Erquilenne wrote:
At least in real life it would take a along time to modify such orders and cost allot more to do it.


isk is a form of currency that is reserved for the rich as far as lore goes, so consider the possible exchange rate between isk and the local currency and that 100 isk could be somebody's yearly salary in some systems. 500k USD buys you a nicer 2 seat plane whereas 500k isk buys you a space faring combat vessel the size of a Boeing 747 aka a rifter


Not trying to pick apart your post, just thought it was an interesting tidbit
Chainsaw Plankton
FaDoyToy
#19 - 2013-01-31 23:59:17 UTC
according to the ship preview window the rifter is 139m. they made all the frigs bigger a while ago.

and I'm in a few slower items right now, I'm barely touching my orders and staying pretty competitive.

@ChainsawPlankto on twitter

J'as Salarkin
Red Sky Morning
The Amarr Militia.
#20 - 2013-02-01 15:14:47 UTC
I almost always buy my stuff using buy orders (unless I am really in a hurry or the difference between the sell and buy order is less than 10%). Why? Because I like it that way, and I have the time to do so.

I normally buy (and sometimes sell) in Amarr so the undercutting sometimes happen fast. The wonderful and funny behavior I have seen is that when you find a product where many sellers undercut fast you can easily half their profit even though you are only buying 20 pieces of something that normally sell pretty fast. I have "on my own" been able to increase the buying price of products by 20-30% over a single day! I guess I should start checking back on the products a few days afterwards to see if they still are at the higher prices.

To sum up. Do not try to buy/sell on your own in a busy hub if you do not have the time to wait. I have had to wait weeks to but my 20 units of ammo (navy-laser crystals) at one point. People will 0.01 isk you forever even if they are working with thousands of units and you a meager dozen or so.
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