Market Discussions

Last night I was updating orders, and I use the numeric keypad because it is much faster. The order started with a 3, and I hit the 3 and the enter key at the same time, losing 4 billion ISK because I hit that enter key several digits to early.

I have not disabled any of the market warnings because I know I need all the protection against being an idiot I can get, but it just accepted an order edit that was 99.99% below the market average with no warning. When I screw up and create initial sell orders that are well below the average it warns me. Is there any way to get that same warning for editing orders?

It should certainly warn you. The warnings when editing an order come when the edited figure is 100% above, or 50% below, the market average. Sounds like they have been disabled for you.

For other listeners out there, my best general advise is: while you edit, keep your eye on the color of the "% above /below regional price" thing right next your edited price, it usually switches color just when you hit the number of digits that you want in your price.

And/or keep an eye on the "Total change" that is right below your edited price. That amount should not be a crazy wacko amount, and as opposed to your edited price it always shows the punctuations within the number (999.999.999) *while* you are editing it, which makes it a much better alert.

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The drinking came later.

At first I thought the suggestion to remove the enter key was just sarcasm, but I am starting to think it is a good idea.

Yup. This month's favorite for me is accidentally grabbing a stack of Injectors instead of Extractors and listing for sale at 2-something million per... not just once...

The warning screen doesn't always work, it seems especially so if you type fast. If you're a left-handed former accountant like me, you can enter numbers at about DDR4 speeds, using the mouse with the left hand and numeric keypad with the right. Not a good skill to have here.

You learn to deal with it. As Bumble says, don't drink and edit...

My latest preventative measures were to cut off my right pinkie so that I couldn't hit the keypad's enter key, and also, as a reasonableness test, implement the practice of making myself pause to read the variance percentage that's indicated in microscopic print on every buy, sell or modify order before placing the order.

I always copy+paste the prices that I need to update to, from the other orders. It does mean I always end up 0.01 or 0.10'ing but I'm not too worried about that as it always means I update to the correct prices.

I've learned to pause and actually read everything in the box. Contracts are far more risky, and I give those even more time.

The worst I've done is sell to buy orders, and wonder why my sell orders are not appearing. That taught me.

Well you can either copy the price from another document or just type it yourself. Using the latter I always found it helpful to hold left click on the "OK" button. Using this method the price formats with digits and thousands separators.

Take your time.

When I was starting out, I lost a third of my capital to one mistake. Even using margin tools you have to be very careful. These are my tips: double check, I'm talking about manually double checking the prices, even, and especially, if you're using a copy paste market tool. Do not trade if you are tired, distracted (looking at you Netflix), or, are not feeling well, and especially not if you've been drinking; these things massively increase the chance that you'll make a mistake. The truth is that, we all make mistakes, it doesn't matter how careful we are, they're going to happen, but, what's important is how you cope with them. Treat mistakes like learning experiences, and growth opportunities, because that's really all they are, and you'll do well.