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Please explain to me the behavior of some traders

Author
Dol Sadum
Perkone
Caldari State
#1 - 2016-06-12 18:37:06 UTC
Hi everyone,

I spent my sunday baby sitting some market orders in Jita
I noticed strange behaviors from my "competitors" in buy orders.
Just because I'm not so smart and EVE people is so clever, I respectfully submit to your attention 3 screen captures I took.
Your comments will be welcome.

Thanks

http://imgur.com/iCvbHOp
http://imgur.com/6L4ffDF
http://imgur.com/ZDQBx5L
Archibald Thistlewaite III
The Royal Society for the Prevention of Miners
#2 - 2016-06-12 18:53:19 UTC
They are ignoring orders not placed in Jita and forgetting about the range coloumn. Its quite common for station traders to disregard all other locations, bit of a silly practice now we have off-shore tax citadels.

User of 'Bumblefck's Luscious & Luminous Mustachio Wax'

Dol Sadum
Perkone
Caldari State
#3 - 2016-06-12 19:03:13 UTC  |  Edited by: Dol Sadum
Thanks for your reply

Why do they keep playing the 0.01 isk game constantly with no hope of a match before a long time ?

Would you spend time changing each 5-20 min your orders if you see a big order above which will covers yours for hours ?

In 2 of the 3 captures, there is no order older than 40 min right to the red bracket. My order (blue) is 2 hours old

What kind of operator repeats over and over the same "silly practice" ? (->read stupid routine, hint, hint)
Archibald Thistlewaite III
The Royal Society for the Prevention of Miners
#4 - 2016-06-12 19:17:34 UTC
Do you know what. I never thought of that.

I hope its true, the less bots the better. It might be worthwhile reporting them all to CCP. They need all the help they can get with market bots.

User of 'Bumblefck's Luscious & Luminous Mustachio Wax'

Morrigan Nighe
#5 - 2016-06-12 20:06:15 UTC  |  Edited by: Morrigan Nighe
They most likely have their range set to 0 jumps via the little cogwheel on the right upper side of the trade window. If you do that your order would get filtered out, because it is 1 jump out. They simply don't see it.
William Ortega
Deep Core Mining Inc.
Caldari State
#6 - 2016-06-12 20:39:35 UTC
Also, they may not be competing with 'YOU', but rather competing with each other.

Lets say I'm trying to buy/sell something and someone (like you) comes in and undercuts me by a margin I'm not willing to go beyond. I do not need to out compete you for the top spot - I just need be in the second spot so when your order clears, mine is the next one to go... Voila... I just sold my stuff, still reasonably quickly and w/o taking a 3mil loss. In Jita, orders clear pretty fast.

Now, I'm not sure this is exactly what is going on in your particular case or if it is indeed the case with bots.
Shallanna Yassavi
qwertz corp
#7 - 2016-06-12 21:31:51 UTC
They figure that the orders above them are going to be exhausted, so they'll be able to get a much cheaper one.
There's also the possibility that it's all the same guy trying to make it look like there's a lot more competition at that price point than there really is.

A signature :o

Dol Sadum
Perkone
Caldari State
#8 - 2016-06-12 21:37:58 UTC
Morrigan Nighe wrote:
They most likely have their range set to 0 jumps via the little cogwheel on the right upper side of the trade window. If you do that your order would get filtered out, because it is 1 jump out. They simply don't see it.



Yes it's a possibility. But what would be the benefit to be blind and ignorant to trade ? If you had billions involved in trading, would you like to be blind to what happens around ?
Dol Sadum
Perkone
Caldari State
#9 - 2016-06-12 21:49:36 UTC  |  Edited by: Dol Sadum
Shallanna Yassavi wrote:
They figure that the orders above them are going to be exhausted, so they'll be able to get a much cheaper one.
There's also the possibility that it's all the same guy trying to make it look like there's a lot more competition at that price point than there really is.


So if you see an order for 20 ships 6 Mil above yours, you gonna spend many hours changing each few minutes your own orders just to make people believe that there is a lot of demand for this particular item at a lower price than the actual one ? Quite complicated explanation but ok, I respect your point of view and thanks for your input.

if you have time, google this : Occam's razor
Sustrai Aditua
Intandofisa
#10 - 2016-06-12 21:52:34 UTC
when you got a market bot you don't got to do it yourself - market bots don't complain and they don't get tired

If we get chased by zombies, I'm tripping you.

Dol Sadum
Perkone
Caldari State
#11 - 2016-06-12 21:56:06 UTC  |  Edited by: Dol Sadum
William Ortega wrote:
Also, they may not be competing with 'YOU', but rather competing with each other.

Lets say I'm trying to buy/sell something and someone (like you) comes in and undercuts me by a margin I'm not willing to go beyond. I do not need to out compete you for the top spot - I just need be in the second spot so when your order clears, mine is the next one to go... Voila... I just sold my stuff, still reasonably quickly and w/o taking a 3mil loss. In Jita, orders clear pretty fast.

Now, I'm not sure this is exactly what is going on in your particular case or if it is indeed the case with bots.


This is a possibility. Would you manually ofc change your order, let's say 4 times per hour, for 3-4 hours (buy orders for T2 ships are no so fast to complete even in Jita, even on sundays), in the hope to pocket 3 Mil extra buck, meanwhile 4-6 others traders do the same ?
Dol Sadum
Perkone
Caldari State
#12 - 2016-06-12 22:20:48 UTC  |  Edited by: Dol Sadum
To illustrate another fresh pic.

http://imgur.com/sZ7VvCT

I've set a buy order for 10 Curses 3 hours ago.

4 Curses were bought (it took 3 hours), 6 still to buy

My order has not be changed for 3 hours

Below, 2 orders changed 25 minutes ago

I buy Curses @ 202.5 Mil. orders below are all for 1 unit @ 201.5 Mil

So considering what has been said above, people is fighting to buy ONE curse ONE million cheaper ? Ignoring that there is 35 Mil margin to make ?
Dol Sadum
Perkone
Caldari State
#13 - 2016-06-12 22:34:07 UTC  |  Edited by: Dol Sadum
another pic for Deimos this time : http://imgur.com/WYKyQd5

My order for 15 Deimos @ 200 Mil each 5 hours ago, still 3 remaining to buy

See under, 7 fresher (<2 hours) orders @ 199.900.000 isks

profit margin is around 16 Mil after taxes and fees. I sold 8 Deimos at this price since I placed this buy order
Dol Sadum
Perkone
Caldari State
#14 - 2016-06-12 23:57:09 UTC
update 1 hour 1/2 after for Deimos : http://imgur.com/b3CWiNC
Shallanna Yassavi
qwertz corp
#15 - 2016-06-13 00:07:27 UTC
Dol Sadum wrote:
Shallanna Yassavi wrote:
They figure that the orders above them are going to be exhausted, so they'll be able to get a much cheaper one.
There's also the possibility that it's all the same guy trying to make it look like there's a lot more competition at that price point than there really is.


So if you see an order for 20 ships 6 Mil above yours, you gonna spend many hours changing each few minutes your own orders just to make people believe that there is a lot of demand for this particular item at a lower price than the actual one ? Quite complicated explanation but ok, I respect your point of view and thanks for your input.

if you have time, google this : Occam's razor

That only works if people behave logically and rationally. There's nothing that says this trader isn't crazy and/or bored.

Maybe they wanted their very own topic.

A signature :o

William Ortega
Deep Core Mining Inc.
Caldari State
#16 - 2016-06-13 01:45:25 UTC
Dol Sadum wrote:
William Ortega wrote:
Also, they may not be competing with 'YOU', but rather competing with each other.

Lets say I'm trying to buy/sell something and someone (like you) comes in and undercuts me by a margin I'm not willing to go beyond. I do not need to out compete you for the top spot - I just need be in the second spot so when your order clears, mine is the next one to go... Voila... I just sold my stuff, still reasonably quickly and w/o taking a 3mil loss. In Jita, orders clear pretty fast.

Now, I'm not sure this is exactly what is going on in your particular case or if it is indeed the case with bots.


This is a possibility. Would you manually ofc change your order, let's say 4 times per hour, for 3-4 hours (buy orders for T2 ships are no so fast to complete even in Jita, even on sundays), in the hope to pocket 3 Mil extra buck, meanwhile 4-6 others traders do the same ?


I have a fairly small T2 operation and not terribly big pockets, so I usually cook my T2 ships in batches (like 5-10 HACs at a time). So when I'm buying up the mats for my next batch or selling my previous one, I will play the .01 game for first or second place... if you buy all your mats on the market, including moon goo (like I do) the margins are pretty slim - something like 5-10 mil per T2 cruiser... so yea... I'd do it for 3 mil extra.

That being said, I'll do the bidding war thing for an hour at most. I won't spend half a Sunday on it. So like you said, Occam's Razor - it is possible that you're looking at a bot. On the other hand, it could be an OCD (or CDO rather... since that is in alphabetical order) small fry like me trying to eke out that extra few mil out of their batch.
Rin Vocaloid2
DUST University
#17 - 2016-06-13 02:04:27 UTC
I try to diversify my portfolio as much as I can to make a little bit of ISK on as much as I could. Project Discovery, mining in high-sec and in low-sec for minerals which later get used for manufacturing, harvesting PI materials, and finally market trading.

But one thing I noticed recently about market trading is how traditional market trading is starting to feel. As Archibald Thistlewaite III pointed out earlier in this thread, those "off-shore tax citadels" seem to have made an impact to some degree on the way trading works. As I recall during my last visit to the system, Perimeter (next door to Jita) has its own Astrahus Citadel not far from the stargate. Depending on which economic hub you are coming from, that 1 jump difference can make in impact on the haulers who are looking to keep their trips as short as possible because time is ISK. But as I can see from the rest of this discussion, that doesn't seem to be the only advantage that citadels have over the NPC stations.

Tax and reprocessing rates are also another thing. I have been to citadels that offered better reprocessing rates than NPC stations and that are open for everyone. I'm curious now as to the real impact that the citadels are making in regards to trade.
Solonius Rex
Federal Navy Academy
Gallente Federation
#18 - 2016-06-13 02:12:30 UTC
Dol Sadum wrote:
Thanks for your reply

Why do they keep playing the 0.01 isk game constantly with no hope of a match before a long time ?

Would you spend time changing each 5-20 min your orders if you see a big order above which will covers yours for hours ?

In 2 of the 3 captures, there is no order older than 40 min right to the red bracket. My order (blue) is 2 hours old

What kind of operator repeats over and over the same "silly practice" ? (->read stupid routine, hint, hint)


Answer is easy.

Its a robot.

They just activate a program that automatically changes it for them. No effort. They go to work. They play other games. They go to vacation in the Bahamas. And all the while, the bot program is changing their market orders automatically.

Its all robots and automatons.
Rin Vocaloid2
DUST University
#19 - 2016-06-13 02:15:32 UTC
Solonius Rex wrote:
Dol Sadum wrote:
Thanks for your reply

Why do they keep playing the 0.01 isk game constantly with no hope of a match before a long time ?

Would you spend time changing each 5-20 min your orders if you see a big order above which will covers yours for hours ?

In 2 of the 3 captures, there is no order older than 40 min right to the red bracket. My order (blue) is 2 hours old

What kind of operator repeats over and over the same "silly practice" ? (->read stupid routine, hint, hint)


Answer is easy.

Its a robot.

They just activate a program that automatically changes it for them. No effort. They go to work. They play other games. They go to vacation in the Bahamas. And all the while, the bot program is changing their market orders automatically.

Its all robots and automatons.


Too bad you can't gank them inside the stations. I think this is where those Project Nova mercenaries can be of real use one day.PiratePiratePiratePiratePirate
Sustrai Aditua
Intandofisa
#20 - 2016-06-13 02:52:30 UTC
ENOUGH IS ENOUGH!!!

There is a forum section tailor made for this discussion. USE IT
.

If we get chased by zombies, I'm tripping you.

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