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Buy orders and brokers fee´s
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Cadus Anzomi
Guns of Binary Stars
#1 - 2013-09-24 17:42:13 UTC
Why isn´t the brokers fee higher when a buy order is put on the market for a longer period of time?
Why would anyone put something on the market for less than a month?
Just seem strange to me. =/

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Eve Mogul
Center for Advanced Studies
Gallente Federation
#2 - 2013-09-24 21:29:39 UTC
I can't see any reason to put up an order for less than the maximum time allowed. I'm sure someone out there does it for a valid reason but I can't really say that I'm aware of any particular trading strategy or tactic that requires it.

If CCP did alter the broker fees to be dependent on "time listed on market" I'm not sure it would make a massive difference. People running on thin margins (and likely high volume) will usually make sure their items sell quickly so the price doesn't move against them too far and destroy their profits. So they could list their stuff for a short period knowing that they'll likely offload it fairly quickly. They might even save some money.

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Bad Bobby
Bring Me Sunshine
In Tea We Trust
#3 - 2013-09-25 07:25:05 UTC
Eve Mogul wrote:
If CCP did alter the broker fees to be dependent on "time listed on market" I'm not sure it would make a massive difference.

It would depend on the technicalities of the change.

As it stands, when you modify an order the duration is reset. As a result it's possible to keep an order up forever having only paid the full broker fee for it once (and tiny modification fees thereafter). This makes the order duration largely redundant in many cases. Some trading styles make a lot of use of this "cheap reset" functionality and that is where the pain of such a change might be felt most.

Personally, I would advise against making a change that would be irrelevant to the majority and crippling to a minority unless there was some positive to justify it.
Hel O'Ween
Men On A Mission
#4 - 2013-09-25 09:18:21 UTC
Example reason for placing orders shorter than 3 month: escrow.

Remember that you tie up at least some money (depending on your skills) which can't be used elsewhere, when placing buy orders. You either lack sufficent skills to limit the escrow amount or might know you need {large sum} ISK in, say 30 days, and you're not sure that your buy order will be fullfilled until then.

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Bad Bobby
Bring Me Sunshine
In Tea We Trust
#5 - 2013-09-25 09:51:10 UTC
Hel O'Ween wrote:
Example reason for placing orders shorter than 3 month: escrow.

Remember that you tie up at least some money (depending on your skills) which can't be used elsewhere, when placing buy orders. You either lack sufficent skills to limit the escrow amount or might know you need {large sum} ISK in, say 30 days, and you're not sure that your buy order will be fullfilled until then.

Which goes along with the theory that people that use an order duration that is less than 90 days either have a very niche reason to do so or they think they are being clever (but often aren't).

Another reason that would fit the bill is order marking. Even with the new "highlight my orders" option there are still cases where you may want to be able to visually differentiate some orders from other orders. Some people will set the digits after the decimal point to a specific value to achieve this, but at least a few I know use the order duration to achieve the same effect.
Rhivre
TarNec
Invisible Exchequer
#6 - 2013-09-25 12:11:49 UTC
I do for 7 days sometimes if I am testing a new market, or if I have just got it set to X on a char and cba to change it

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Cadus Anzomi
Guns of Binary Stars
#7 - 2013-09-25 14:17:37 UTC
Yeah part true.
But you can always abort your orders anytime anyway. =/

"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." - Winston Churchill
LittleTerror
Stygian Systems
#8 - 2013-09-25 17:43:11 UTC
Bad Bobby wrote:
[quote=Hel O'Ween]

Another reason that would fit the bill is order marking. Even with the new "highlight my orders" option there are still cases where you may want to be able to visually differentiate some orders from other orders. Some people will set the digits after the decimal point to a specific value to achieve this, but at least a few I know use the order duration to achieve the same effect.


After testing out the horribly implement corporation orders, corp wallets divisions with the idea I would be able to see other corp members orders highlighted on the market, I can totally see why some people would use tricks like changing order duration between alts.

For example, I wanted to use both my main and my alt in jita but I needed a way to track at a quick glance, with out dipping into a spreadsheet or third party trading program, to see if I already had an order setup for that item.
arabella blood
Keyboard Jihad
#9 - 2013-09-25 18:33:24 UTC
I use different duration, different jump distance, and specific digits to identify my orders at other alts.

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Sabriz Adoudel
Move along there is nothing here
#10 - 2013-09-26 00:35:31 UTC
I post 1-3 day buy orders for items that are extremely volatile in price.

Example: Tech 2 medium rigs at the moment. Big margin, hard to sell them, and a downward trending price. I do not want to post a 90 day order buying 50 tech 2 medium aux nano pumps, forget it is there, and then in three weeks end up buying someone's entire stack and have to fight 0.01 ISK wars just to resell them at a 15% loss.

Safer to post a 3 day order, and if I forget to modify it, the worst that is likely to happen is I lose my broker fee. If I do get some sold to me, I can then start fighting the 0.01 wars to sell them at a 40% markup immediately.

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Aryth
University of Caille
Gallente Federation
#11 - 2013-09-26 15:32:24 UTC
I use lower duration mostly to artificially age orders. Typically hiding among older orders that have aged below 30 days. Or to spook dumb traders into updating their order when I match price.

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Sabriz Adoudel
Move along there is nothing here
#12 - 2013-09-27 04:21:41 UTC
Aryth wrote:
I use lower duration mostly to artificially age orders. Typically hiding among older orders that have aged below 30 days. Or to spook dumb traders into updating their order when I match price.


I have also been known to use orders to spook others.

If I want out of a market and I want out FAST, and the spread is 600k-700k, I might post a 1 day 'Buying 1, 660k' order. Sometimes it fills and boo hoo, I take a small loss, but other times, someone 0.01 ISKs me, and I dump my whole stock onto their buy order.

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