These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

Market Escrow
Author
Previous Topic Next Topic
Jerex Deka
Tempest Shipyards
#1 - 2013-09-27 20:28:43 UTC
What happens if someone fills an order of yours and you don't have the isk to cover?
arabella blood
Keyboard Jihad
#2 - 2013-09-27 20:46:26 UTC
order cancels.

Troll for hire. Cheap prices.

Jerex Deka
Tempest Shipyards
#3 - 2013-09-27 20:58:00 UTC
It won't fill what they can afford to fill? (order has a minimum volume)
RubyPorto
RubysRhymes
#4 - 2013-09-27 21:28:15 UTC  |  Edited by: RubyPorto
If they can afford to fill the order, it will fill the portion of the order they can afford that fits the parameters of the order.


Order: 10k items at 1m ISK, min 5000
Wallet+Escrow=4b ISK

If you try selling 5000 items at 1m ISK each, the transaction will fail (5b needed to cover, 4b available) and nothing will change hands.
If you try selling 4000 items at 1m ISK each, your order won't match the buy order, so you'll end up with an open sell order.
If you try selling 5000 items at 800k ISK each, the transaction will complete successfully (4b needed to cover, 4b available) (this is the basic premise behind draining escrow) and money and goods will change hands.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Alex Grison
Grison Universal
#5 - 2013-09-27 22:00:10 UTC
the whole all of it.

yes
Tigerras
Smash Incorporated
#6 - 2013-10-01 20:06:09 UTC
Jerex Deka wrote:
It won't fill what they can afford to fill? (order has a minimum volume)



Okay, so let's say you have isk to cover 2 items. You set a minimum quantity of 3. If you cannot afford all three, it will cancel the order (this is called the margin trading scam, look it up).
Jerex Deka
Tempest Shipyards
#7 - 2013-10-01 20:50:58 UTC
Tigerras wrote:
Jerex Deka wrote:
It won't fill what they can afford to fill? (order has a minimum volume)



Okay, so let's say you have isk to cover 2 items. You set a minimum quantity of 3. If you cannot afford all three, it will cancel the order (this is called the margin trading scam, look it up).



Yeah happy I asked MD before making any moves, I figured it was but just wanted to be sure.

Thanks for all the responses.
Tigerras
Smash Incorporated
#8 - 2013-10-01 21:07:56 UTC
Jerex Deka wrote:
Tigerras wrote:
Jerex Deka wrote:
It won't fill what they can afford to fill? (order has a minimum volume)



Okay, so let's say you have isk to cover 2 items. You set a minimum quantity of 3. If you cannot afford all three, it will cancel the order (this is called the margin trading scam, look it up).



Yeah happy I asked MD before making any moves, I figured it was but just wanted to be sure.

Thanks for all the responses.


Tell Vanchelon he owe's me $5 for helping to protect his investment :-p
Sabriz Adoudel
Move along there is nothing here
#9 - 2013-10-03 04:50:46 UTC
In situations where the order is cancelled, your broker fees are forfeited and you suffer no additional consequences.

I support the New Order and CODE. alliance. www.minerbumping.com
Jerex Deka
Tempest Shipyards
#10 - 2013-10-03 21:00:45 UTC
NEW QUESTION

Do you traders usually over-extend your escrow above what you have available in your wallet?

I'm working with things that don't normally fill all at once so right now I am about 1.4b short of what I would need.


Just something I thought about while bored drinking mah coffee.
Tigerras
Smash Incorporated
#11 - 2013-10-03 21:03:13 UTC
Jerex Deka wrote:
NEW QUESTION

Do you traders usually over-extend your escrow above what you have available in your wallet?

I'm working with things that don't normally fill all at once so right now I am about 1.4b short of what I would need.


Just something I thought about while bored drinking mah coffee.



Depends on how fast moving the stuff I'm buying is. If itis a fast market I try not to so I don't lose orders from insufficient funds. If it is a slow one, then yeah, just to keep things moving.
Jerex Deka
Tempest Shipyards
#12 - 2013-10-03 21:12:49 UTC
Tigerras wrote:
Jerex Deka wrote:
NEW QUESTION

Do you traders usually over-extend your escrow above what you have available in your wallet?

I'm working with things that don't normally fill all at once so right now I am about 1.4b short of what I would need.


Just something I thought about while bored drinking mah coffee.



Depends on how fast moving the stuff I'm buying is. If itis a fast market I try not to so I don't lose orders from insufficient funds. If it is a slow one, then yeah, just to keep things moving.



I'm trading in jita so it is a constant war of course, only time I feel like I could be in trouble is when the servers sitting around 40-46k players, jita is so active then.

I usually sit on a reserve of about 1b in the wallet with anywhere from 2.5-3.5b in buy orders.

But that's spread through a lot of different items. Mostly slow moving but high margins 30-100%.

If I didn't owe money I would definitely move out of jita lol
Tigerras
Smash Incorporated
#13 - 2013-10-03 22:07:42 UTC
Jerex Deka wrote:
Tigerras wrote:
Jerex Deka wrote:
NEW QUESTION

Do you traders usually over-extend your escrow above what you have available in your wallet?

I'm working with things that don't normally fill all at once so right now I am about 1.4b short of what I would need.


Just something I thought about while bored drinking mah coffee.



Depends on how fast moving the stuff I'm buying is. If itis a fast market I try not to so I don't lose orders from insufficient funds. If it is a slow one, then yeah, just to keep things moving.



I'm trading in jita so it is a constant war of course, only time I feel like I could be in trouble is when the servers sitting around 40-46k players, jita is so active then.

I usually sit on a reserve of about 1b in the wallet with anywhere from 2.5-3.5b in buy orders.

But that's spread through a lot of different items. Mostly slow moving but high margins 30-100%.

If I didn't owe money I would definitely move out of jita lol


You might find Amarr, Dodoxie, Rens or Hek to be more to your liking. They are like Jita lite.
Sabriz Adoudel
Move along there is nothing here
#14 - 2013-10-03 23:52:30 UTC
Jerex Deka wrote:
NEW QUESTION

Do you traders usually over-extend your escrow above what you have available in your wallet?

I'm working with things that don't normally fill all at once so right now I am about 1.4b short of what I would need.


Just something I thought about while bored drinking mah coffee.



I absolutely overextend, and I trade mostly in low-medium margin medium-high turnover items (both ones with stable prices and others with wildly fluctuating prices).

It's not uncommon for me to have 6-10b in buy orders at once of which I could only cover half. My buy orders get 0.01 isked faster than they get filled.

I support the New Order and CODE. alliance. www.minerbumping.com
Jerex Deka
Tempest Shipyards
#15 - 2013-10-04 04:09:03 UTC
Yeah I don't really mind jita too much, I just layer items that move decently with high margins.

It's just once I have a capital higher than 10b I will probably move out of jita that way I can be more passive and do other things :)


Might start training for freighters, idk still new to trading ;P
Sabriz Adoudel
Move along there is nothing here
#16 - 2013-10-04 04:59:15 UTC
Jerex Deka wrote:
Yeah I don't really mind jita too much, I just layer items that move decently with high margins.

It's just once I have a capital higher than 10b I will probably move out of jita that way I can be more passive and do other things :)


Might start training for freighters, idk still new to trading ;P




I will not train freighters until public courier contractors start charging a lot more.

Makes much more sense to pay a pittance and outsource both the effort and the risk to a useful idiot rather than to do it myself.

I support the New Order and CODE. alliance. www.minerbumping.com
Rhivre
TarNec
Invisible Exchequer
#17 - 2013-10-04 08:03:09 UTC
I have (and use) several freighters, but I also use Red Frog for my regular routes, its way too cheap to not use them :)

Fluffy Bunny Pic!