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Shiloh Templeton
Center for Advanced Studies Gallente Federation
83
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Posted - 2014.01.30 22:35:00 -
[1] - Quote
Any suggestions on how to properly read the price history data when I sell minerals that I mine in a trade hub?
I've been using the avg sales price for the previous week as a guide. It puts me above the buy order price, but usually a good bit under the other serious sell orders in the market. I'm not a station trader so I don't want to spend time playing the .01 isk game, but I also don't want to contribute to bringing down the price of the minerals.
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Sabriz Adoudel
Mission BLITZ
1882
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Posted - 2014.01.30 22:54:00 -
[2] - Quote
Prices have spiked in the last day or two after more than a quarter trillion units of Tritanium alone were vaporized in the big null fight. However the initial speculation was ridiculously exuberant and prices are falling again.
If I was sitting on a billion units of trit in a hub right now and I had good trade skills and station/faction standing with the hub, I would sell it via sell orders and would put myself 0.01 below the lowest large sell order. If my trade skills or station/faction standing were poor, I'd ask around in local for anyone wanting to buy it by private contract at 1-2% below the lowest large sell order.
By selling, you WILL bring down the price of minerals. Accept it. The market is a PVP zone. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec outside rookie systems, obey the New Haliama Code of Conduct or else the New Order will gank you. www.minerbumping.com for more info. |
Silvetica Dian
Manson Family Advent of Fate
678
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Posted - 2014.01.31 01:34:00 -
[3] - Quote
the best place to sell stuff without affecting the wider market is amarr. esp ice products. just sell to the highest buy order and you will be golden. Money at its root is a form of rationing. When the richest 85 people have as much wealth as the poorest 3.5 billion (50% of humanity) it is clear where the source of poverty is. http://www.theguardian.com/commentisfree/2014/jan/20/trickle-down-economics-broken-promise-richest-85 |
Sabriz Adoudel
Mission BLITZ
1890
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Posted - 2014.01.31 11:17:00 -
[4] - Quote
Silvetica Dian wrote:the best place to sell stuff without affecting the wider market is amarr. esp ice products. just sell to the highest buy order and you will be golden.
Even that affects the wider market.
Remember that the additional demand will be for compressed minerals to jump freighter out to nullsec CSAAs. Someone buying tens of thousands of 425mm railguns in a jump freighter doesn't care whether they are buying from Amarr, Jita, or some backwater like Odotte.
Welcome to market PVP, where even the smallest action - selling ten million units of trit - impacts the universe. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec outside rookie systems, obey the New Haliama Code of Conduct or else the New Order will gank you. www.minerbumping.com for more info. |
cplhasse
University of Caille Gallente Federation
0
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Posted - 2014.01.31 12:20:00 -
[5] - Quote
By choosing to mine and sell what you mine you're increasing the supply of minerals on the market. You will have an (insignificant) effect on the price whether you like it or not. However, pricing your goods lower won't make a difference either way. The volume of minerals is so huge that a few lower priced sell orders won't even be noticed. |
Shiloh Templeton
Center for Advanced Studies Gallente Federation
83
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Posted - 2014.01.31 16:26:00 -
[6] - Quote
Sabriz Adoudel wrote:
By selling, you WILL bring down the price of minerals. Accept it. The market is a PVP zone.
Sabriz, you have a wide range of knowledge about Eve and I find your posts quite helpful. I even spotted you earlier this month traveling with a ganking squad.
Did you start your career in Eve with trading/industry and then branch into PvP, or vice-verse?
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Batelle
Komm susser Tod
1491
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Posted - 2014.01.31 17:27:00 -
[7] - Quote
I'm a bit skeptical that one guy selling the minerals he mined is going to bring down the price of minerals. "CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"
Never forget. |
Sabriz Adoudel
Mission BLITZ
1907
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Posted - 2014.02.01 01:01:00 -
[8] - Quote
Shiloh Templeton wrote:Sabriz Adoudel wrote:
By selling, you WILL bring down the price of minerals. Accept it. The market is a PVP zone.
Sabriz, you have a wide range of knowledge about Eve and I find your posts quite helpful. I even spotted you earlier this month traveling with a ganking squad. Did you start your career in Eve with trading/industry and then branch into PvP, or vice-verse?
I started trading to fund "for the lulz" PVP. Some PVP is self-funding but that requires more effort. I gank to relax. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. If you want to mine in highsec outside rookie systems, obey the New Haliama Code of Conduct or else the New Order will gank you. www.minerbumping.com for more info. |
Shiloh Templeton
Center for Advanced Studies Gallente Federation
84
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Posted - 2014.02.01 15:26:00 -
[9] - Quote
Batelle wrote:I'm a bit skeptical that one guy selling the minerals he mined is going to bring down the price of minerals. Since I've got good refining skills I've experimented with buying ore in the boonies and hauling the minerals to a hub along with mine, so it's frequently one of the bigger sell orders in the hub. But I see your point.
I also didn't mean to imply I'm asking this question out of altruism. I'd like to maximize my profit while selling the minerals fairly quickly (within 3 days as Tau suggested). Sometimes the big sell orders are priced way above the buy orders and I don't understand why.
So I was asking if there is a better formula than my current approach of checking trending avg price + buy order prices in Jita. I guess I could price to comparable quantity sell orders and then adjust prices in 3 days if it hasn't moved.
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SJ Astralana
Syncore
28
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Posted - 2014.02.02 01:59:00 -
[10] - Quote
Batelle wrote:I'm a bit skeptical that one guy selling the minerals he mined is going to bring down the price of minerals.
Perhaps not, but one producer can spike the hell out of a material and trigger a downstream effect with a magnified spike on items that require that material. SJ Astralana = Danari = Alak D'bor. I don't fuss about which account/toon is logged in, nor do I hide behind alts. |
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Ekaterina 'Ghetto' Thurn
Department 10
124
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Posted - 2014.02.02 15:49:00 -
[11] - Quote
Shiloh Templeton wrote:Any suggestions on how to properly read the price history data when I sell minerals that I mine in a trade hub?
I've been using the avg sales price for the previous week as a guide. It puts me above the buy order price, but usually a good bit under the other serious sell orders in the market. I'm not a station trader so I don't want to spend time playing the .01 isk game, but I also don't want to contribute to bringing down the price of the minerals.
Looks like you are doing it right. Most buy prices will be too low and some will be ridiculously low. Likewise some sell prices are ridiculously high and most a bit too high. Just sell at a sensible price so you make more ISK but leave some profit for the next guy.
It's better if you can to sell by private contract as that saves millions in taxes. Never open trade in Jita and make sure you have people like 'Yummy Yummy Yummy' blocked. Until recently listing on the 'Bulk Trade' mailing list was a good way to sell minerals but after the 75 million ISK per annum listing charge was introduced sellers have fled from that service. Others have opened up in its place though such as, I think, 'Wholesale Trade' which are steadily gaining more custom. |
Rhivre
TarNec Invisible Exchequer
729
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Posted - 2014.02.02 20:08:00 -
[12] - Quote
Batelle wrote:I'm a bit skeptical that one guy selling the minerals he mined is going to bring down the price of minerals.
One guy might not, but then I know miners with over 1b trit sitting in their hangars.
Now, if he sells this in stacks of 10-20m at a time, and people undercut, and he puts up a new order for 10-20m each time he is undercut...the price will start dropping fast.
Also, there is never only 1 guy, the same as you might be skeptical that mission runners crash the price of mission drops, because, how can 1 guy drop the price? 1 guy can't maybe, but if you have lots of missioners all doing the same thing, you have a price drop. Even if they dump to buys (which they largely do) they clear the buy order stacks rapidly. Fluffy Bunny Pic! |
Hel O'Ween
Men On A Mission
58
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Posted - 2014.02.05 15:36:00 -
[13] - Quote
Batelle wrote:I'm a bit skeptical that one guy selling the minerals he mined is going to bring down the price of minerals.
Except that guy's name is Chribba and he melts down his Velspar mountains. EVEWalletAware - an offline wallet manager. |
Tau Cabalander
Retirement Retreat Working Stiffs
3146
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Posted - 2014.02.05 16:49:00 -
[14] - Quote
I value items I have in my possession at sell order prices, minimum.
I value other people's items on the market at a price mid-way between buy orders and sell orders, maximum
Sell orders are typically 1% to 5% above buy orders. For items with a larger spread, a closer look is required; example: often the sell orders are overpriced.
Hel O'Ween wrote:Batelle wrote:I'm a bit skeptical that one guy selling the minerals he mined is going to bring down the price of minerals. Except that guy's name is Chribba and he melts down his Velspar mountains. I think he's posted in the past that he'd never refine his precious. |
Erotica 1
Krypteia Operations CODE.
3516
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Posted - 2014.02.09 22:32:00 -
[15] - Quote
If you have the spare order slots, it can often be a good idea to place a sell and/or buy order well outside of the normal trading range for anything that you trade a lot of. The reason is that a small percentage of people will select the wrong order and grossly overpay or ask far too little for the items, resulting in a sweet bonus for you.
For example, you trade an item whose normal inside bid/ask is 900k by 1m, with all sorts of depth on each side. If you are frequently at the inside of the market (highest bid/lowest ask), then place a bid of say 900 isk, and ask of 1 billion.
You will not frequently get a bite, but when you do, you'll smile. In Karan last year, I was kicking myself for not updating my orders frequently enough. Someone paid 10 billion isk for a mwd that was trading at 10m isk. The 10b sell order was mine, but a lucky trader had .01'ed me and snagged quite a sale.
See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did. |
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