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.01game, and the weekend

Author
Justicia
Doomheim
#1 - 2016-07-10 16:49:40 UTC
Do you guys still play the .01 game over the weekends? I know this is my first weekend actually trading but from what I can see the sell order drop significantly more than the week, same as the buy orders rising.

Seems liek you get 10 people or so raising it by .01 and then 1 or 2 guys who at a guess get frustrated and raise it by 1 or 2 ISK which speed up the increase or decrease of prices a lot.

While I did plex myself so I could have decent taxes I still worry about the margins. .. heres an example of why I worry and I am not entirely sure how to make sure I dont make this mistake:

Item: Widget

I throw up an initial buy order for 1million items at say 100 ISK... then someone fills my order for about say 100 thousand, great!

I throw those widgets into a sell order for about 200 ISK... Decent margin, making a profit, wonderful...

Now I notice some dastardly individual starts selling at 199.99... that jerk! So I adjust my sell order to 199.98 and I notice that someone else is buying them for 101ISK so I of course raise my purchase point to 101.01

this goes on for say an hour of my gaining some supply at ever increasing prices till I am selling at 155 and buying at 145... now this would be an ok sell point for the initial 100k items I bought but for anything I got now for 145, if I sold that at 155 I would in fact be losing money due to taxes.



How do you guys make sure you dont fall into this trap? Also do you even play the .01 game in the weekends because it seems like with so many playing the .01 game it would be much easier to fall into said trap.

How do you know when y ou need to play this game and when y ou are better off just holding something at a certain price and letting the overall trend reach your price instead of you trying to meet the current prices.


I had bought a few geckos for instance, the overall trend is up but the price fell 2m isk in the last 24 hours, I'm, guessing this is an example of ovezealous weekend warriors.


Hopefully my questions made sense, my ex boyfriends always said I tend to ramble when confused and I still am trying to figure this whole thing out so right now I usually am more confused than not :) but Alas, I will get this figured out and become a eve trillionare :) lol

Thank you for any help you can provide.
Xtreem
Knockaround Guys Inc.
#2 - 2016-07-10 18:26:02 UTC
most markets worth investing has several people all being active in the market. If you spot an opening they will also, it is quite possible to massively over-inflate the value of an items and cause it's own losses through people doing this, but it is very much, eve normal, much more so if the margin between buy and sell is appealing, can get pushed up to right below sell in some cases.
Tipa Riot
Federal Navy Academy
Gallente Federation
#3 - 2016-07-10 21:30:48 UTC
Some traders play this game 24h and also use bots. You have no chance outplaying those. Hence find something with decent margin but only human players, also check when trades are happening and when orders are updated and how often. You need to find stuff, which is sold during your timeszone, but orders are not frequently updated.

For me as a producer, the market is a necessary evil. My safety net are production costs always below or near the buy price. So the worst that could happen is, that I make no profit.

I'm my own NPC alt.

Justicia
Doomheim
#4 - 2016-07-11 06:43:56 UTC
And this is why people are so fiercly protective of the items they trade in....afraid of attracting more people and starting a .01 war till the margins arent worth it.

If my calculations are correct, which is difficult considering a lot of my money is in buy and sell orders, and stock i havent listed yet i have made about 300million isk

Obviously i probably shouldnt say in what but thats decent isnt it?



Also i was looking at some of the faction energized adaptive something or another.... unless my math is wrong even taking perimeter trading into acount with perfect standings and skills, it is trading at a loss, now why would people continue doing that.

Unless you bought much lower than current buy orders i suppose in which case you could still be profitable.... if thats the case i should find a way to track how much i bought objects for and at what prices shouldnt i.

Is this possible somehow? I mean without the tedious copying each sale yourself which in itself would take so much time you would probably end up losing money.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#5 - 2016-07-11 07:32:25 UTC
Justicia wrote:
Unless you bought much lower than current buy orders i suppose in which case you could still be profitable.... if thats the case i should find a way to track how much i bought objects for and at what prices shouldnt i.

Is this possible somehow? I mean without the tedious copying each sale yourself which in itself would take so much time you would probably end up losing money.

I expect EVE mogul can help you here.

I don't use it myself, so I don't know that much about it, but tracking your actual margins is one of the things it touts as a feature.
Sella Lesbon
Brutor Tribe
Minmatar Republic
#6 - 2016-07-11 10:07:50 UTC
What can i say - weekend was tense.

gf ( market )Cool

> Never do something to someone that you wouldn't like to be done to yourself.

Sabriz Adoudel
Move along there is nothing here
#7 - 2016-07-11 10:42:27 UTC
If I get into 0.01 battles I have a few tricks to mess with the other person.

My favorite is just putting up a new listing of one item at way under what they are selling at, then a second order undercutting that.

If the enemy undercuts the two orders I buy their entire stock. If they buy mine, no big loss.

I support the New Order and CODE. alliance. www.minerbumping.com

TheSmokingHertog
Julia's Interstellar Trade Emperium
#8 - 2016-07-11 18:17:29 UTC  |  Edited by: TheSmokingHertog
When at battle with buy orders, just buy up enough product in market, to dump out the collateral that holds the other person's buy order up. Then crash out the buy order market up to a point your order is the dominant one. Profit on 2 sides, since you upped the sell side and crashed the buy side. Now just maintain the gap as long as possible to make back your loss on the dump on buy orders. The time that the market needs to recover is longer as a weekend on a lot of products.

If you see a competitor with lots of (new) (npc corp) alts is trying to corner new eden on several hubs, crash the buy market in several hubs. It costs some isk. But a new eden wide spread control is certainly worth it. Just calculate what the break even point is and steer the sell market in such a way that you go break even before market recovery and extend the time period to make profit.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-

William Legrand-Marx
Nemesis Ad Astra
#9 - 2016-07-11 18:21:41 UTC  |  Edited by: William Legrand-Marx
Xtreem wrote:
most markets worth investing has several people all being active in the market. If you spot an opening they will also, it is quite possible to massively over-inflate the value of an items and cause it's own losses through people doing this, but it is very much, eve normal, much more so if the margin between buy and sell is appealing, can get pushed up to right below sell in some cases.


Justicia wrote:
...


Well the true is, you buy before the opening and put a price at presumtive finale when everyone is done with their .01 fights and they reach your price range, you sell off. The thing is not to play the game of .01 but let others do it. You can try boosting their game a bit by buying their trade in small quantities giving them incentive, this way you will fuel the fire, if you do it properly, you can make people inflate a lot and well beyond your price. Be sure to consider the cost of trade motivation purchases in the forecasted price for your main stock. The amount depends on the values you tend to purchase to stoke the fire.

The funny part Lol is that if everyone tries to do what i explained, the prices will go through the roof and the market will stagnate, pilots will go crazy and most likely certain ships will not be used. We also consider that you trade this way in many fields, to capture most of the high volume low margin goods. So inflation can cause certain ships losing demand and the price of the ships will plummet. After that you can start second part of investing into low volume high margin buy lets say buying these ships. After you invested everything (always have back up funds, never invest fully), drop the price of your high volume goods lets say ammo to the one that would be acceptable by players, if this hyperinflation you caused by playing the other .01 geniuses never happened. Now you can choose price whatever you wish. After this watch the price of ammo fall. Market will stabilise, ships will grow in price again, sell at the price, do not stoke the users in the high margin trade segment. Overall time of operation few to 15 days, depends on market speed. Thing is that not everyone will do this because, it needs time, it needs [atience, it needs some knowledge of human behaviour and so on and so forth. This is just one of the operations that can be done out of many. Glad I could help, if you are confused or got questions, write me ingame I can share more.

Also I am currently gathering a collective for profitable enterprise, if you are interested, I can get you details.

Check here, read comments carefully.

https://forums.eveonline.com/default.aspx?g=posts&t=487257&find=unread

EDIT: about the piots going crazy: it will take time for them to do that, first they will go for unallocated capital to sassiate their need, until it becomes unbearableand the market segment stagnates, that is when you quit high-end, and return to low-end to finalise the cycle. After that you need to take time for market to normalise e.g. prices going to previous levels, users returning to their habits. Repeat in bigger scale or do something else, there are ways... Roll

EDIT: About expanding: Also when expanding, be sure to run few trials including scams, low level trading ops to check the people you trade with and the market itself. Since you are a market operator and not casino or escrow service, you do not require trust from other players, so you can use it to acces markets in a better way. Even if you get exposed or whatever, it won-t stop people from buying stuff from you and you making money of the trading.

There is nothing worthy in this world even if others think it is worth something...

William Legrand-Marx
Nemesis Ad Astra
#10 - 2016-07-11 18:26:34 UTC
Sabriz Adoudel wrote:
If I get into 0.01 battles I have a few tricks to mess with the other person.

My favorite is just putting up a new listing of one item at way under what they are selling at, then a second order undercutting that.

If the enemy undercuts the two orders I buy their entire stock. If they buy mine, no big loss.


Justicia wrote:
...


Good but bad trick. Your "trick" can be easily avoided and negated. The margins are innefective, the waste of time is desperate, find a more volatile market with more agents, you cannot outnumber all of them and others will simply use ways which will make them ignoring you an easy task, unless they are dummies, then your thing can work.

There is nothing worthy in this world even if others think it is worth something...

William Legrand-Marx
Nemesis Ad Astra
#11 - 2016-07-11 18:33:00 UTC
TheSmokingHertog wrote:
When at battle with buy orders, just buy up enough product in market, to dump out the collateral that holds the other person's buy order up. Then crash out the buy order market up to a point your order is the dominant one. Profit on 2 sides, since you upped the sell side and crashed the buy side. Now just maintain the gap as long as possible to make back your loss on the dump on buy orders. The time that the market needs to recover is longer as a weekend on a lot of products.

If you see a competitor with lots of (new) (npc corp) alts is trying to corner new eden on several hubs, crash the buy market in several hubs. It costs some isk. But a new eden wide spread control is certainly worth it. Just calculate what the break even point is and steer the sell market in such a way that you go break even before market recovery and extend the time period to make profit.



Justicia wrote:
...



This has potential but what if the market is stagnated? Crashing buys? Buah, this will be painful for your wallet, there are lesser risks with bigger returns. The market volatility will affect how long it will take to stabilise, before doing anything, market must be trialed for volatility, so it can be few hours or few weeks. Crashing hubs? You know the volume of the hubs? Diversifying in low-end products like ammo and weaponry, which relate to bigger high-end products like ships for the ultimate mess you need anything but crashing buy orders. The control of markets is in deman of alliances and their production capabilities. If you want to get into that, be sure to have trillions upon trillions and I mean like two-digit.

There is nothing worthy in this world even if others think it is worth something...

Rhivre
TarNec
Invisible Exchequer
#12 - 2016-07-11 18:48:31 UTC
William Legrand-Marx wrote:
The control of markets is in deman of alliances and their production capabilities. If you want to get into that, be sure to have trillions upon trillions and I mean like two-digit.


I like when people think that, less competition for me ;)

You are absolutely correct, there is no point getting involved in the markets at all *waves hands* These are not the markets you are looking for.
William Legrand-Marx
Nemesis Ad Astra
#13 - 2016-07-11 18:54:34 UTC  |  Edited by: William Legrand-Marx
Rhivre wrote:
William Legrand-Marx wrote:
The control of markets is in deman of alliances and their production capabilities. If you want to get into that, be sure to have trillions upon trillions and I mean like two-digit.


I like when people think that, less competition for me ;)

You are absolutely correct, there is no point getting involved in the markets at all *waves hands* These are not the markets you are looking for.


What you talk is small scale production. Solo players cannot match the volume of alliance production, I was in one and I know what I participated in. About you trying to have a share: that is some hardcore trading right there.

EDIT: Do not forget that giving partial information about something is a traders work. never fully expose your knowledge or skill unless you want to work witht the people. I could have said, demand of alliances and their production have little to no impact. Also double negation doesn't work on obvious things. Blink

There is nothing worthy in this world even if others think it is worth something...

Justicia
Doomheim
#14 - 2016-07-11 19:22:11 UTC  |  Edited by: Justicia
oy vey, I feel like I am in over my head lol So much to learn.

I'll get it though... but buying up extra stock and taking losses to improve long term gains. I need to have a lot of ISK to do that I assume, more than I have anyway.

something tells me where I am thrilled I made 300m in a few days a lot of you would consider that a failed weekend lol I hope I can get to that point where I can crash markets and manipulate things with ease :)

Thank you all so much for the tips, I'll give em all a try as soon as I can with my limited resources.
William Legrand-Marx
Nemesis Ad Astra
#15 - 2016-07-11 19:43:04 UTC


Mazel tov, and remember, that small traders go big if they bunch together. Old saying indicates that together we are stronger and it is true.

So if you want to perform something similiar and not wasting own time by years to get to necessary volume, find a team, assemble a campaign and reap benefits each respectively to own invested capital. Blink That is vaguely my plan at the public stage and advertsiment.

There is nothing worthy in this world even if others think it is worth something...

TheSmokingHertog
Julia's Interstellar Trade Emperium
#16 - 2016-07-11 20:08:01 UTC
Justicia wrote:
oy vey, I feel like I am in over my head lol So much to learn.

I'll get it though... but buying up extra stock and taking losses to improve long term gains. I need to have a lot of ISK to do that I assume, more than I have anyway.

something tells me where I am thrilled I made 300m in a few days a lot of you would consider that a failed weekend lol I hope I can get to that point where I can crash markets and manipulate things with ease :)

Thank you all so much for the tips, I'll give em all a try as soon as I can with my limited resources.


Just choose markets that are within the scope of your wallet.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-

William Legrand-Marx
Nemesis Ad Astra
#17 - 2016-07-11 21:01:23 UTC  |  Edited by: William Legrand-Marx
TheSmokingHertog wrote:
Justicia wrote:
oy vey, I feel like I am in over my head lol So much to learn.

I'll get it though... but buying up extra stock and taking losses to improve long term gains. I need to have a lot of ISK to do that I assume, more than I have anyway.

something tells me where I am thrilled I made 300m in a few days a lot of you would consider that a failed weekend lol I hope I can get to that point where I can crash markets and manipulate things with ease :)

Thank you all so much for the tips, I'll give em all a try as soon as I can with my limited resources.


Just choose markets that are within the scope of your wallet.


I don't want to like you because you have that magic 404 number hanging there, but you have my like.

EDIT: Since it got into 405 I couldnt resist.

There is nothing worthy in this world even if others think it is worth something...