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Market Discussions

 
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Finding Enjoyment From the Marketplace

Author
Far Wanderer
ACGM Acquisitions
#1 - 2014-04-12 07:18:15 UTC  |  Edited by: Far Wanderer
The things I like most about market trading are:

  • Failing spectacularly. You get to utter loud, colorful expletives and laugh at your folly while learning something new about the game--what's not to love?
  • Seeing a slow moving, low priced buy order get filled all at once, and then reaping the profits on a nice margin.
  • Selling a bunch of items at the lowest price in quantities of one. I like filling up the market window.
  • Discovering a new item or ship with high margins for profit.
  • Driving my competition out of the market.
  • Learning something new about the market--usually from these forums or from a link to a blog posted to these forums.
  • Seeing a swing in my Bank wallet division balance and then poking around in the journal to figure out what happened.
  • Low-selling T1 items, ships, and minerals, in order to drive traffic to my corner of the EVE universe, which requires a trip through two lowsec systems.*
  • The Sunday night sales rush.
  • Giving a random customer his or her money back and thanking them for purchasing from me.
  • Generating a consistent, regular profit for my bank customers.


What are yours?


*This gives the noobs, who will poke their unsuspecting-of-danger-noses just about anywhere in lowsec, as well as the budding market traders in Essence, a chance to explore someplace new and gives the local pirates something to shoot at (and good pirates need to be fed often).

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn

Far Wanderer
ACGM Acquisitions
#2 - 2014-04-12 07:53:25 UTC  |  Edited by: Far Wanderer
oops!

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn

Cavalira
Habemus
#3 - 2014-04-12 10:47:10 UTC
The best thing about the markets is when I've finally bought the last fitting module for my pvp ship, only to realise that EVE is boring, so I log off.
Casey Maulerant
Big Nasty Bullies Inc.
#4 - 2014-04-12 13:55:26 UTC
Quote:
Generating a consistent, regular profit for my bank customers.


No offense to your bank, and no offense to you. This just struck me like one of those articles you get in magazines where you suddenly realize it's an advert lol. You probably didn't intend it as such but made me laugh.

Mines when there's a surge in sells and I can start placing orders 0.01 above the semi-joke ones that people placed like a month ago and they actually fill (a bit) before the price stabilizes.

btw congratulations your threads taken my post virginity I've never posted before. Smile



Sabriz Adoudel
Move along there is nothing here
#5 - 2014-04-12 14:45:17 UTC
I love selling someone a Mackinaw, linking the system and name in miner bumping chat, seeing a kill mail, then seeing the same person buy another Mack.

Then the ganker sells me strip miners and the gankee buys them.

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

Koniforous
Tauren Transit
#6 - 2014-04-12 15:14:02 UTC
Sabriz, now THAT is market pvp!

My favorite part is posting heavily inflated sell orders, and watching them sell a month later when demand is high and supply is low.
Syds Sinclair
University of Caille
Gallente Federation
#7 - 2014-04-12 15:36:01 UTC  |  Edited by: Syds Sinclair
Casey Maulerant wrote:
Quote:
Generating a consistent, regular profit for my bank customers.


No offense to your bank, and no offense to you. This just struck me like one of those articles you get in magazines where you suddenly realize it's an advert lol. You probably didn't intend it as such but made me laugh.





..Great observation!

Some of my favorite parts of trading:

Shipping out billions worth of goods on currier contracts for pennies.

Catching the market on items where there is one order for many units selling for a few .01's above the buy order price. Buying all those units up and relisting then for the current sell order price.

Sending 5b from my Doodixie/ Amarr sellers to my Jita buyer multiple times a day.

Shipping out 10-15 loads of goods to the few trade hubs I operate in multiple times a day.

Looking at my profits on 3rd party tracking sites.

Running out is liquid ISK because there are so many profitable markets to be in. I hate it when it's a struggle to use up all your ISK.

BS'n with the folks in the Hauler's Channel.

Having some of the Hauler's Channel denizens add me as a contact win excellent standings "Because you ship out so many contracts, I want to know when you log in!"

Reimbursing myself from a PvP loss in one update cycle.

Reading Jita local, yeah I'm a nut.

And I can't think of any more.
Abidal Trekt
Caldari Provisions
Caldari State
#8 - 2014-04-12 17:21:09 UTC
You can say all you want but really it's all about the wallet blink.
Far Wanderer
ACGM Acquisitions
#9 - 2014-04-12 17:57:31 UTC
Casey Maulerant wrote:
btw congratulations your threads taken my post virginity I've never posted before. Smile
It's all part of the service, Casey. Blink

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn

Koniforous
Tauren Transit
#10 - 2014-04-12 18:09:26 UTC
Nice blog, Syds. I loved that "watch out we got an IT professional over here" pic.

I had a question for everyone: I have been adding my sell orders total, total in escrow, and wallet total to calculate a rough estimate of my value, but I really want to include my assets too. I have some long-term investment stock that is raising in price, as well as ships I have for personal funz and I want to include all of this into a monthly NAV that I can report for my investors / depositors. Do any of you do this, as I have seen other businesses do, and how should I go about doing this? I downloaded EveHQ, is this a good start?

P.S. - I also enjoy splitting up my buy/sell orders into groups so I can aggressively 0.01 the other traders, nonstop, while doing house chores.
Syds Sinclair
University of Caille
Gallente Federation
#11 - 2014-04-12 19:59:56 UTC
..Thanks for reading Konif. Yeah when he said that to me in game, the whole conversation got slightly unintelligible, and very confusing. I'm going to post the final update to the Sphere's of Eden saga here in the next few days.

But as to your question, I personally add up all monies and assets that are flagged to be liquidated when I consider my net worth.

I don't include my personal PvP ships or support ships like my covops' and Orca. But I do like to know about how much ISK I have in personal ships, I just keep that asset list separate.
Sabriz Adoudel
Move along there is nothing here
#12 - 2014-04-13 01:20:03 UTC
Abidal Trekt wrote:
You can say all you want but really it's all about the wallet blink.


As someone that both trades in high volume low margin goods, and also scams, I have grown to hate that blink.

I post a contract that, if accepted, will earn 500m profit (example: an item exchange, my 2 Elite Drone AI for your 500m ISK, masquerading as the other way around, along with a sob story about needing these for a storyline mission because a ganker stole mine).

Then, wallet flash!!!!



...


...


... oh damn, some ganker just sold two Modulated Strip Miner II to my regionwide buy order.

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

TheSmokingHertog
Julia's Interstellar Trade Emperium
#13 - 2014-04-13 03:20:04 UTC
Quote:
Having some of the Hauler's Channel denizens add me as a contact win excellent standings "Because you ship out so many contracts, I want to know when you log in!"


Thats a godwin, right there.

"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 =-

Zappity
New Eden Tank Testing Services
#14 - 2014-04-13 10:11:39 UTC
Koniforous wrote:
Sabriz, now THAT is market pvp!

My favorite part is posting heavily inflated sell orders, and watching them sell a month later when demand is high and supply is low.

I wish we could see trader identities in the market window. It would encourage much more interesting behaviour.

Zappity's Adventures for a taste of lowsec and nullsec.

Herzyr
Ministry of War
Amarr Empire
#15 - 2014-04-13 16:15:15 UTC
The joy of trading? Please, we all know its being undercut by 0.01.

Oh wait the REAL joy? Was it undercutting by a large amount so that profits are destroyed and the blinky wallet, yes the blinky wallet is better than the blinky red.
Tor Norman
The Scope
Gallente Federation
#16 - 2014-04-13 17:18:47 UTC
Reviewing your transaction history and finding items you were selling for 2 million ISK actually sold for 18 million.

I love other people's mistakes.

I talk about EVE trading and general space violence in my blog.

For the ISK and the yarr!

Sabriz Adoudel
Move along there is nothing here
#17 - 2014-04-13 22:56:18 UTC
Tor Norman wrote:
Reviewing your transaction history and finding items you were selling for 2 million ISK actually sold for 18 million.

I love other people's mistakes.



I like this far too much, even when it occurs for trivial amounts.

I had ~500 Light Neutron Blaster II posted in Dodixie over the weekend at around 914k per unit. Saw a wallet notification - someone bought two for 1335k each.

Even though it's a trivial amount of profit (~1m manufacturing profit and ~1m trading profit on that transaction), I still laughed.

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

Far Wanderer
ACGM Acquisitions
#18 - 2014-04-14 03:14:33 UTC
I've often wondered if there is a way to write your pricing such that you can engineer accidents in your favor, like what Sabriz and Tor described. Twisted

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn

Sabriz Adoudel
Move along there is nothing here
#19 - 2014-04-14 08:41:44 UTC
Far Wanderer wrote:
I've often wondered if there is a way to write your pricing such that you can engineer accidents in your favor, like what Sabriz and Tor described. Twisted


You can post 1000 of an item at the best price (say 903k for a magstab II) and 1 of the same item at 9030k, hoping someone clicks the wrong order and buys from right click.

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

Eve Mogul
Center for Advanced Studies
Gallente Federation
#20 - 2014-04-17 21:49:03 UTC
Abidal Trekt wrote:
You can say all you want but really it's all about the wallet blink.



This. At first.
For me it's now more about teaching others, as more and more and more and more isk gets boring.

Good thread!

Inter-Regional Trading Basics : http://evemogul.info

Daily market tweets : https://twitter.com/EveMogul

Eve Trading Videos - Starring... me! : http://www.youtube.com/user/evemogul

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