Market Discussions

Been trading for about 5 days now station trading that is.  Ready for the .01 isk fight I started the battle!  Day was going good.  1 item was not buying at all I had 10 orders on the 2 nd item 10 buy orders also but I only had 2 left to fill it. 

Then I noticed a large order in both items for 100 each.  Of course .01 isk higher then mine.  We fought for about 15 mins then I got annoyed.  

I know my profit margins on my stuff so I started to take this guy for a ride.  The order I had 2 left on I started with.  Now this order had about a 25% profit margin to start.  And this guy followed me all the way to . 03% I was like wtf?  You have 100 pieces this is costing you a fortune to follow me.  

At .03% I dumped my now 1 buy order left back to about the .23% mark expecting him to follow suit with another .01 isk bid over that.   Low and behold he held it at .03% for the rest of the time?  This person can't be sane?  Or us it really a person.  Did the same thing with the other order and low and behold same pattern same end results. What do you guys think person with a grudge or just a dumb bot?

Nope sorry I'm typing on my iPhone and it doesn't seem to like this forum.  I apologize if it's not clear.  

Anyway we started at a 23% profit.  These are buy orders so I'm basing the profit off the lowest sell order in jita.  Since I know my profit margins I decided to increase my buy order price until I got to only a 3% profit.  

He followed me all the way to the 3% mark where I decided to stop.  At that point I adjusted my buy order back to the original price we started at which had a 23% profit margin.  I expected him to come back down on his buy order to match my new order +.01 isk but he never did he just kept his buy order at the 3% mark witch if he sold it in jita he would only make a 3% profit before all the fees. 

And to boot I only had 2 buy orders to his 100.

Ah I understand what your saying it's not a bot I was fighting but another trader that was thinking along the same lines as me didn't care about the small margins and bringing someone for a ride.  

Cool trading is fun lol.  :) 

Don't be in such a rush to sell everything, take a bit more time with things. You will hopefully get better margins and not a RSI. Whenever I traded I always made sure that my orders were in the top three (buy or sell) and if they weren't I'd move them to the top. My stuff didn't always sell the fastest but I didn't have to check my orders every five minutes either.