Market Discussions

You are just paranoid and underestimating the frequency of order updating by other players. Not to say there aren't bots, but most you're seeing probably aren't using automated software to update their orders.

Be glad that you get 0.01 isked!

Nothing is worse then actually getting 1.00 isked or similar! Because then I cannot use the mousewheel to adjust my price

When i am actively trading for my manufacturing alt it is often the 5 min update rule that limits my trading.
i generally actively trade while waiting for a fleet to form up or when i have a ton of stuff i need processed.

I undercut people within minutes quite a lot of the time if I'm actively marketing. It's because I just cycle through, pretty much on autopilot with my limits and margins in my head, adjusting orders. If I'm not adding anything new, I often sit one jump out too, so I can mark my orders and set destination on the trading station so They both highlight for even more ease.

If I do see someone undercutting me a lot, I'll usually put a second batch of the item up, then alternate them so I can halve the time between updates, and I'll time one to be able to update within seconds of the person undercutting me. The plan is to make them ragequit their attempts to undercut, and it's surprisingly effective. I'd like to say that it's just patience, but it's not really it's impatience. I want to sell my stuff as soon as is possible for the best margin possible, and updating fast and often is the best way to do that.

You are all bots and should be banned

Unless there is significant margin, there is no reason to do anything other than .01 isk. Unless you sell for less than what others would lose money at, you will not stop the competition.

If anything, severely undercutting sell orders makes competition stiffer because margin traders will not want to dump their buy orders at a loss.

This. I work from a home a few days a week. My gaming machine is running EVE the whole day, and I'll check market orders
fairly often (a few times an hour).

Apart from the sheer entertainment of griefing them by cutting their profits at virtually no cost to yourself.

When I station traded for a while I used a 3rd party application to tell me when i've been undercut and what the new price I should put in is if I want to 0.01 isk them. It was really good because it copied the price to your clipboard so instead of looking at the price, mousewheeling to 0.01 isk the other orders, double checking is you're the lowest price, then moving on to your next order, you would instead just copy - paste all the prices

It is something to consider I would think.

Or just try some of the other form of trading if you grow tired of 0.01'ing other people

Generally speaking, I think you are underestimating the pennypunchers. I know many people who do absolutely nothing in-game besides .01 and chat with friends.

Time to head to Rens.