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How to deal with ridiculy low buy orders ?

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ZAKURELL0 LINDA
KarmaFleet
Goonswarm Federation
#21 - 2014-08-08 08:44:09 UTC
Nicals Enderas wrote:
Trying to trade some stuff in Jita, I saw that some ridiculous low order buy order where sets. For exemple, Isogen have average buy orders around 70 ISK, but somebody set a buy order for 100M units of isogen at 0.02 ISK each.

Isn't this killing the trades for this item ? I'm don't know what to do when I find such buy order. Can I just ignore them or do I need to wait until the buy order exprires ?

Thanks

u r worrying about low ball orders with min quantity? if i were u i will watch the abnormally high orders with min quantity...... try to fill it baby

RIP Iron Lady
Gor Yo
Taxes Shmuckses
#22 - 2014-08-08 12:43:57 UTC
Sh0plifter wrote:
Gor Yo wrote:
Sh0plifter wrote:
Shoogie wrote:
Steve Ronuken wrote:
The only downside to the really low orders, is that they skew the regional 'average' price.


Correct me if I am wrong, but I thought the average price was the average of the buy and sell orders which were filled. Therefore, a buy order which never gets filled has no effect on the average.

I cant believe I logged in for this but, those buy orders get filled quite often in regions other than the Forge or Domain. One of my regional guys got 1-2m megacyte for 57 isk/ea about a week ago. So, they do et filled. Just like the 100 isk datacores, 50 isk meta mods, and many other things that get sold for 10% and lower of the actual price of the items. Just like items get bought for 500% of the price of the actual item. Like last week for example where I put an extra digit into some implants and sold 20 Willpower +4s for 198m/ea instead of 19.8m/rea. The transactions do happen, and more often than people give credit for. So, it would actually make an effect on the price averages.


how is that possible? because:
a) if you set your sell price way to high, your order goes almost to the bottom of the list, and the market will have to be literally cleaned out of all sell orders before they get to yours;
b) I remember last weekend someone BOUGHT 3 standard implants (dont remember the attribute though) from me for 10 times their price Cool
so you sure you didnt BUY 20 implants for 10 times their price? Lol
I don't know to be honest. I was surpised and I laughed at it. Then shared the image of the transaction for the implants on teamspeak.
The only reason I could see is if their sorted market orders was highest first, still though that would show up at 198,xx instead of 19,8xx. As well as the warning for x00% above regional. So clearly, the guy who bought them was just a very special snowflake for paying 3.3b instead of 330m.

Moral of the story; Never underestimate people. There are all kinds of special people in Eve. Whether they jump their freighter blind into a lowsec they have never been too. Autopilot a jump freighter through low sec. Mine/run missions alone in a system with wartargets. Solo drop a supercarrier/carrier/dread 2 jumps from Amamake while PL is at home. Even overpay or undersell items to other users because they cant be bothered to look at the market orders or sell the item themselves. People are lazy/unaware/stupid and that is what makes Eve what it is. If everyone was smart, there would be a lot less profit or action in Eve.


Still, like I said, players will have to clean out ALL lower priced orders first. Even if someone had wrong sorting, clicked on your order and bought implants at your price, the money would go to the orders with lowest prices, not your order.
The only way a ridiculously high price sell order is filled out is when ALL lower priced sell orders are filled out and yours become the lowest price.
This is how market system works.
Sh0plifter
Underworld Property Accounting Partnership
#23 - 2014-08-08 23:37:16 UTC
Gor Yo wrote:
Still, like I said, players will have to clean out ALL lower priced orders first. Even if someone had wrong sorting, clicked on your order and bought implants at your price, the money would go to the orders with lowest prices, not your order.
The only way a ridiculously high price sell order is filled out is when ALL lower priced sell orders are filled out and yours become the lowest price.
This is how market system works.


image
Thoraemond
Far Ranger
#24 - 2014-08-09 00:31:30 UTC
Sh0plifter wrote:
Gor Yo wrote:
Still, like I said, players will have to clean out ALL lower priced orders first. Even if someone had wrong sorting, clicked on your order and bought implants at your price, the money would go to the orders with lowest prices, not your order.
The only way a ridiculously high price sell order is filled out is when ALL lower priced sell orders are filled out and yours become the lowest price.
This is how market system works.

image

That image is consistent with you having the lowest-priced sell order, and the buyer entering an extra digit in a buy order; or a buyer accidentally clicking on someone else's higher-priced sell order and their bid being matched to your lowest-priced order. That is, there's nothing there to suggest that your sell order was set at a high price.

• Graph re Market Order Broker Fees (Updated 2016-04-28) • Diagram re Skills for Remote Trading •
Gor Yo
Taxes Shmuckses
#25 - 2014-08-10 09:20:23 UTC  |  Edited by: Gor Yo
Sh0plifter wrote:
Gor Yo wrote:
Still, like I said, players will have to clean out ALL lower priced orders first. Even if someone had wrong sorting, clicked on your order and bought implants at your price, the money would go to the orders with lowest prices, not your order.
The only way a ridiculously high price sell order is filled out is when ALL lower priced sell orders are filled out and yours become the lowest price.
This is how market system works.


image




sigh

image

this was a guy who made a mistake setting the price was his buy order. the buy price for implants around that time was 18 354 000.31.

really, learn how the market works or you will be the next guy like that Lol
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