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a question of buying and selling
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ahleck
#1 - 2012-11-03 17:41:14 UTC  |  Edited by: ahleck
Personally, Ive always understood the value of an item generally being agreed to by both the buyer and the seller.

If someone wants to pay me 10,000 for my 1995 dodge caravan, I wholehearedly agree. However, previous buyers and sellers have reached a happy medium for a lot less. which is fine considering i got it for free

However, my point is that its value almost always is an aggrement between buyer and seller.

So, If I'm at a market- be it amarr or Jita, there are buy orders and sell orders.

my question is, should I really consider the "buy orders " as what hte buyer will actually pay, or what they want to pay?

Trit being one example... ive seen buy orders for 5.6 and sell orders for 6.0.. does anyone actually buy for 6.0? or in general, am i better of selling to the higheset buy order, rather than making my own sell order?
Dave stark
#2 - 2012-11-03 17:45:38 UTC
yes. people do buy trit for 6 isk or higher per unit.

every time i go to jita with a shipment of minerals i never use the buy orders, they're always below 6isk/unit and i know if i use sell orders i can get more than 6isk/unit if i just wait. often my orders will fill within the hour. so for the sake of waiting an hour, i'm making an extra few % on my product. it'd be foolish not to.
Samroski
Middle-Earth
#3 - 2012-11-03 18:07:10 UTC  |  Edited by: Samroski
ahleck wrote:

my question is, should I really consider the "buy orders " as what hte buyer will actually pay, or what they want to pay?

Trit being one example... ive seen buy orders for 5.6 and sell orders for 6.0.. does anyone actually buy for 6.0? or in general, am i better of selling to the higheset buy order, rather than making my own sell order?

When you sell to buy orders, the sale always goes to the highest buy order at that station.

If there is a buy order for tritanium at 6.0 (or a high figure), you can try and sell to this order, and it should work (unless the buyer does not have enough money in his wallet, and has margin trading skill trained). Many industrialist will set up high buy orders for tritanium/minerals at the station where they manufacture. This way the stuff gets delivered to them, at a small additional cost.

If you are not in a hurry, it is usually more profitable to set up a sell order. Someone may undercut you, but with weekly rhythms of the market, your stuff will sell. You can play the game and update your sell order to undercut yourself.

If you want to sell an item at a mutually agreeable price, you may use Contracts. You can set up buy or sell contracts at your desired figure (and they are visible all over the universe). A price can be agreed upon using the forums: Sell Orders and the Want Ads and Trades.

You can always use the chat/local/channels to agree on a price and sell via contracts, or Station Trade (right click the person you want to trade with, when both of you are in one station, and select Trade). Beware of station trade- lots of scams. Use at your own risk. Best to use contracts (read all contracts carefully, to avoid scams).

Any colour you like.
Sarmea Moon
Aliastra
Gallente Federation
#4 - 2012-11-04 12:25:13 UTC
You also have to factor in what that sell order will cost you in fees. If buy and sell are close, sometimes it's better to go with the buy order, as they have already paid the fees. For trit and other mins, the gap is almost always big enough to cover fees.

Trit moves in huge volumes. You also don't have to haul it to Jita for the best price, if you have a full or at least half freighter load. I've found 100mill trit or more and you can put it in any high sec station you want and get 10% more than lowest sell orders, if you don't mind waiting a couple days to sell.

You probably already know this, but using the ingame market data chart is a great tool. If the "donchian channel" and other bits of the graph seem daunting, convert to a chart using the lower left button. It gives you a basic lowest and highest bought, and volume traded.

The problem with defending the purity of the English language is that English is about as pure as a cribhouse [lady of commercial virtue]. We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary.- James Nicoll