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I'm about as bad at the Market as I am in combat PVP
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Derath Ellecon
University of Caille
Gallente Federation
#1 - 2013-02-01 20:40:17 UTC
So I'm not sure why I'm posting this. Maybe mostly so everying can get a good chuckle. Maybe for hopefully some better insight to my market fail. But I figured it would be fun so here goes.

I've never done much with the market. I am one of those players you generally love. I typically just wanna get stuff sold, so I sell to buy orders.

One day a few weeks ago, I had a batch of Graphene Nanoribbons to sell. At the time in Jita the Buy orders were right around 105,000. But the sell orders were 125,000. So I figured, I don't need the isk right away, lemme try something new.

I didn't really want to play the market games if I could avoid it, so I put up a sell order. But I put it up with the hopes it would be low enough to sell fast. So I put them up (around 2000) at 120,000.

Came back later, some had sold. But the market peeps caught on, and now I was buried under a bunch of sell orders at 119,999 etc.

So fine, I adjusted again. Another big drop, 115,000.

Once again, people started undercutting me.

At the same point the buy orders dropped like a rock. And everything continued to drop. The potint that now Sell orders are in the 97,000 with buy orders around 85,000.

So of course I am kicking myself, cause if I had sold to the original buy orders I would be better off than I am now.

Looking at the price history over the last year it seems like these items should bounce back. But it also has been a really big and fast drop compared to others.

I still can't figure out if basically I contributed to the fall. Or if they were going to drop anyhow and I just got unlucky. I also haven't decided if I should just dump them or wait. I don't need the isk (Its only around 100mil worth anyhow) so I'm tempted to just let it sit and see if they everntually recover before my sell order expires.

I think it's easier to just shoot at someone until one of you blows up Big smile
Myrissa Kistel
Planetary Logistics
#2 - 2013-02-01 20:48:42 UTC
At least you made something. My market experience has been buy high, sell low.
Claire Coffee
Coffee Inc
#3 - 2013-02-01 20:50:15 UTC  |  Edited by: Claire Coffee
That was a solid dive. You might have triggered it, but I doubt it.
That's is why you do the research on market BEFORE you get into it. Like how far, how often and at what time spikes and dives occur, how much stuff being moved around etc.
There are graphs and tables in game for you to have basic intel on that.

Don't dump your stuff in case of price drop right away (except for when you need immediate liquidation).

A good trader knows a good time when to BUY (or aquire goods) and when to SELL it.
And yes, it takes

- time
- patience
- research skills
- general intel
- a lot of reading

But once you're in, you may become addicted to it :-) Cause trading is a massive PvP in EVE :-)

P.S.: and like in many other aspects of the game, trading requires training skill-wise and experience-wise.

[b]DRINK COFFEE Do stupid things Faster with More Energy[/b]
Kara Books
Deal with IT.
#4 - 2013-02-01 21:39:59 UTC
you cant just leave eve and expect everything to sell.

Recently CCP made a massive overhaul to their market system and their still working on it, I aplaud it.
their revamping the mineral market, their revamping how people buy and sell (no more bots) theiy revamped tax system, the whole market took a complete turnaround since iv started to play.


Right now, you have to be up to date with mineral prices atleast once every 3 days to stand a chance at doing it the old fasion way.
Mineral prices will take a dip and then take a steady climb till they settle with the PLEX trajectory as both are practically married.

When I started there where only a handful of real merchants, now there are hundreds, competition.

You cant just sell off a massive amount any more as bots arent there to fill buy order demand to stay profitable, their just not there any more, its all player driven, its delicate but under control.

I advise you head to a system not far off from Jita or better yet a different region and post the goods for sale at buy order prices based from Jita, if possible.

you now have to be creative if you want to make ISK in eve, no more dumb sighted farming.
Candy Oshea
Techfree Investment Group
#5 - 2013-02-02 02:58:47 UTC
Good Advice here

Slow release works, i LOL at people (manufacturers) dumping 2000 missile launchers for e.g.

Also: send me a list of what you plan to sell to buy orders about 5 mins before u sell it. will supply some Candy, an Ibis Hull (1) and 3 procurers.

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!
Tul Breetai
Impromptu Asset Requisition
#6 - 2013-02-02 03:14:44 UTC
Dude, you suck at the market because you resigned yourself to that fate before really trying. Observe and play for a while and you'll be on the track to success.

There's nothing worse than an EVE player, generally considered to be top of the food chain in the MMO world, that cannot smacktalk with wit and coherency.
Kane Alvo
Doomheim
#7 - 2013-02-02 10:27:14 UTC
I feel the same way as OP.

I read this forum a lot and have sat and watched the market move for hours on end because it's an aspect of the game that fascinates me. I don't understand a lick of it, but it's neat to watch. I tried my hand at buying and selling a few things, only to lose most of what I put in. It was like rolling the dice in Vegas, and I lost. At least I was smart enough to take just a small gamble.

Kudos to you guys who make the markets work in your favor. I'm just a bumbling idiot shooting at stuff, but you guys are the real PvPers.

Caldari Militia  ☜★☞ Psychotic Monk for CSM8

Wyke Mossari
Staner Industries
#8 - 2013-02-02 11:25:25 UTC

You should be kicking yourself for starting and perpetuating a race to the bottom.

Instead, make sure you know the typical spread, pitch your order at the low end of the sells and wait it out.

It is not necessary to race to the bottom, especially with 5k drops on a 100k item, unless lowering the price IS your objective.

EvE pricing is a lot less elastic than classic market theory suggests.
Vaerah Vahrokha
Vahrokh Consulting
#9 - 2013-02-02 13:10:48 UTC
Why price dropped for dummies: When buy orders rise or sell orders drop till they "meet" then people start dumping directly to buy orders. Now, if it's a robust market and rising, this will actually cause a so called "pull back" and stimulate further and stronger growth.

But many markets are very thin and ranging and fragile. There is less demand, so the rare times the spread closes, those who for any reason got a lot of stock rush in and (stupidly) dump all in one block, causing it to crash (and giving up on 10%+ profit they'd get by slow releasing stock).

EvE Online portal | EvE markets tutorials
Razz XXX
Vashta Nerada Corp
#10 - 2013-02-02 14:16:18 UTC
I love to punish the aggressive sellers to zero profit and then watch the rest end fighting below cost. I pull back as most burn out or lose interest.
Cooyaw
State War Academy
Caldari State
#11 - 2013-02-02 15:04:38 UTC
Razz XXX wrote:
I love to punish the aggressive sellers to zero profit and then watch the rest end fighting below cost. I pull back as most burn out or lose interest.


me too. i'm all like, "YOU WANNA KNOW THE TRUTH? YOU CANT HANDLE THE TRUTH!" and then i go about my business
Claire Coffee
Coffee Inc
#12 - 2013-02-02 16:59:18 UTC
I have recently participated in a pretty high-moving item trading and I noticed that a lot of people give up too quickly What?
I've seen a couple of guys who tried to warrior the buy orders and they lasted about an hour or so, then gone.

EVE PvP is dying. Oh wait... someone outbid me Cool

[b]DRINK COFFEE Do stupid things Faster with More Energy[/b]
Derath Ellecon
University of Caille
Gallente Federation
#13 - 2013-02-02 18:14:42 UTC
Wyke Mossari wrote:

You should be kicking yourself for starting and perpetuating a race to the bottom.

Instead, make sure you know the typical spread, pitch your order at the low end of the sells and wait it out.

It is not necessary to race to the bottom, especially with 5k drops on a 100k item, unless lowering the price IS your objective.

EvE pricing is a lot less elastic than classic market theory suggests.


Yea I've learned that fast.

Keep in mind, as I said in the OP I wasn't planning on really even "playing" the market. I just got greedy and thought I could dump my stuff to a low sell order and make a few extra bucks over selling to the buy orders.

I will say though, It has got me interested in training up a trade alt and giving the market a real go. I have more isk than I know what to do with anyhow. Might as well see if I can make it work for me :)
Fresnic
Aliastra
Gallente Federation
#14 - 2013-02-02 21:18:20 UTC
If you have enough things to sell, sell them at different price points. I was doing that when there was a big price increase. I had goods at the average price, just above average and waaaay above average. I actually messed up in that instance and didn't have another group even further because the price just kept climbing. Made double the average price, but it could have been triple.

The only way to profit from a race to the bottom is if you're setting up a whole bunch of buy orders so that you can profit later from the increase that may (or may not) come.

Adventures of an EVE Online Newb http://evenewbadventures.weebly.com/