Pages: 1 [2] :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Paul Pohl
blue media poetry
29
|
Posted - 2015.11.20 02:25:59 -
[31] - Quote
And there is always the issue of not having enough space for all the buy and sell orders you have outstanding, so sometimes one needs a 'sale' to clear the decks for a better selling line. |
Teckos Pech
The Executives Executive Outcomes
3777
|
Posted - 2015.11.22 19:52:07 -
[32] - Quote
Rhivre wrote:Teckos Pech wrote:
And maximizing profits means you maximize your revenues less costs of everything you are selling. So that covers your example with X and Y. Yes, dump your stock of X and recover your investment and switch to Y.
Maximizing profit is not always better than fast turnover.
Why is fast turn over not consistent with maximizing profits? If you have little control over the price, then yeah...fast turn over. If there is a better option, yeah fast turn over.
Holy ****.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Teckos Pech
The Executives Executive Outcomes
3777
|
Posted - 2015.11.22 20:01:58 -
[33] - Quote
Paul Pohl wrote:And there is always the issue of not having enough space for all the buy and sell orders you have outstanding, so sometimes one needs a 'sale' to clear the decks for a better selling line.
Again, not inconsistent with maximizing profits.
Why are you "clearing the decks"...because it will mean more ISK. More ISK is consistent with profit maximization. And chances are you are looking at the sell prices vs. your cost of acquiring the good in question...i.e. you are looking at prices.
Which goes back to my initial comment that has sparked this series of posts....you do care about prices. You look at your price to acquire the good vs. the price you can sell it at. And you look at prices of other goods as well, if you see a better opportunity you go for it...totally consistent with maximizing profits.
Here is a hint for you guys, prices in an economy convey information.
You guys are basically making my point....and don't even realize it.
I mean seriously...holy ******* ****.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Teckos Pech
The Executives Executive Outcomes
3778
|
Posted - 2015.11.22 22:03:48 -
[34] - Quote
Just in case....
Maximizing profits |= maximizing price generally speaking.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Sabriz Adoudel
Black Hydra Consortium.
5532
|
Posted - 2015.11.22 22:38:16 -
[35] - Quote
Sheeth Athonille wrote:Teckos Pech wrote:Quote:- or they may view the cost of the items in a different way, i.e they have already spent the time mining the materials and not care about the cost of the materials - as they have already spent the time, it doesn't matter to them the price as long as there is some recompense If you mine the minerals they are not "free" because of opportunity cost. That is, you could simply sell the minerals directly and pocket that ISK. So technically it becomes a cost if you don't sell them and instead use them to make something. You're assuming they know what they're doing. Ever talk to many miners? A lot of them dont realize this unless they're told about it. And a whole hell of a lot of them reject the idea even after being told
Those people are idiots, but if you try hard enough you can create an opportunity for them to be useful idiots.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
|
Sabriz Adoudel
Black Hydra Consortium.
5532
|
Posted - 2015.11.22 22:39:35 -
[36] - Quote
Dethmourne Silvermane wrote:Sabriz Adoudel wrote:Kitah Ferranti wrote:If someone undercuts my price, I will aggressively undercut them until there is no more profit to be had for anyone. They then have a choice: to go away to other items (great!), buy me out (great!), or tank their price to below cost so that I can buy it from them to resell (great!). On items that are expensive for me, I prefer they do option 2 so that I can free capital; on items that I know well and have a good handle on, I prefer they take option 3. That said anytime I deter another trader from messing in my items is always a good turnout.
The reverse situation is also employed by me. If someone outbids me, I will close the spread such that the item looks much less attractive to trade in. If they follow my bids, I will try to lure them into overbidding, meanwhile I will be scouring the surrounding regions for cheaper instances of the item to dump on them. The item needs to be at a certain price point and volume for me to get involved with in this manner: enough to be worth my time; not enough to wreck me if my plan doesn't work out. I prefer to close the spread by placing a high buy order for 1 item at each of several awkward to reach lowsec stations. When I bother to station trade, I just ignore this sort of tactic by ignoring orders outside station. Not the best option, but it works fine enough when doing, say, Jita 4-4 trading.
Yeah that does work. Not many people seem to do it, however - and it only takes one of the larger orders to outbid my trick order to put you in a position of needing to consider doing the same.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
|
Paul Pohl
blue media poetry
29
|
Posted - 2015.11.23 02:02:56 -
[37] - Quote
Teckos Pech wrote:Paul Pohl wrote:And there is always the issue of not having enough space for all the buy and sell orders you have outstanding, so sometimes one needs a 'sale' to clear the decks for a better selling line. Again, not inconsistent with maximizing profits. Why are you "clearing the decks"...because it will mean more ISK. More ISK is consistent with profit maximization. And chances are you are looking at the sell prices vs. your cost of acquiring the good in question...i.e. you are looking at prices. Which goes back to my initial comment that has sparked this series of posts....you do care about prices. You look at your price to acquire the good vs. the price you can sell it at. And you look at prices of other goods as well, if you see a better opportunity you go for it...totally consistent with maximizing profits. Here is a hint for you guys, prices in an economy convey information. You guys are basically making my point....and don't even realize it. I mean seriously...holy ******* ****.
I don't think we are, but it's nice to read your linguistic gymnastics
|
Paul Pohl
blue media poetry
29
|
Posted - 2015.11.23 02:14:00 -
[38] - Quote
Sabriz Adoudel wrote:Sheeth Athonille wrote:Teckos Pech wrote:Quote:- or they may view the cost of the items in a different way, i.e they have already spent the time mining the materials and not care about the cost of the materials - as they have already spent the time, it doesn't matter to them the price as long as there is some recompense If you mine the minerals they are not "free" because of opportunity cost. That is, you could simply sell the minerals directly and pocket that ISK. So technically it becomes a cost if you don't sell them and instead use them to make something. You're assuming they know what they're doing. Ever talk to many miners? A lot of them dont realize this unless they're told about it. And a whole hell of a lot of them reject the idea even after being told Those people are idiots, but if you try hard enough you can create an opportunity for them to be useful idiots.
I'm not sure they are idiots
But I agree that if they are selling all the ore they mine directly into the market, then they are certainly being 'useful idiots'
|
Teckos Pech
The Executives Executive Outcomes
3779
|
Posted - 2015.11.23 05:07:14 -
[39] - Quote
Paul Pohl wrote:Sabriz Adoudel wrote:Sheeth Athonille wrote:Teckos Pech wrote:Quote:- or they may view the cost of the items in a different way, i.e they have already spent the time mining the materials and not care about the cost of the materials - as they have already spent the time, it doesn't matter to them the price as long as there is some recompense If you mine the minerals they are not "free" because of opportunity cost. That is, you could simply sell the minerals directly and pocket that ISK. So technically it becomes a cost if you don't sell them and instead use them to make something. You're assuming they know what they're doing. Ever talk to many miners? A lot of them dont realize this unless they're told about it. And a whole hell of a lot of them reject the idea even after being told Those people are idiots, but if you try hard enough you can create an opportunity for them to be useful idiots. I'm not sure they are idiots But I agree that if they are selling all the ore they mine directly into the market, then they are certainly being 'useful idiots'
Oh for the love of God....
The whole point is that if you mine your own minerals they are not free due to the concept of opportunity cost.
You are like the poster child of why businessmen are ****** economists (don't worry, I'm the poster child of why economists are ****** businessmen).
Edit: BTW, the notion as to why such doofie are such useful idiots is that if they think the minerals are "free" and they sell you a finished good ignoring the value of minerals they mined you are buying the good at a price well below market value.
Maybe you are not such a good businessman either, come to think of it.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Rhivre
TarNec Invisible Exchequer
811
|
Posted - 2015.11.23 07:31:58 -
[40] - Quote
Teckos Pech wrote:Rhivre wrote:Teckos Pech wrote:
And maximizing profits means you maximize your revenues less costs of everything you are selling. So that covers your example with X and Y. Yes, dump your stock of X and recover your investment and switch to Y.
Maximizing profit is not always better than fast turnover. Why is fast turn over not consistent with maximizing profits? If you have little control over the price, then yeah...fast turn over. If there is a better option, yeah fast turn over. Holy ****.
I have control over whether I sell it instantly to a buy order, or sell it via sell order.
If I want maximum profit, I would use sells. If I want isk now, I will dump it to buys, or dump it low on the market. (also, depending how much I bought it for as well....not everyone dumping prices is buying it on the same station, or at the same time).
Fluffy Bunny Pic!
|
|
Jerry T Pepridge
Meta Game Analysis and Investment INC.
365
|
Posted - 2015.11.23 07:53:04 -
[41] - Quote
This thread is terrible, way off topic. |
Teckos Pech
The Executives Executive Outcomes
3780
|
Posted - 2015.11.23 08:26:15 -
[42] - Quote
Rhivre wrote:Teckos Pech wrote:Rhivre wrote:Teckos Pech wrote:
And maximizing profits means you maximize your revenues less costs of everything you are selling. So that covers your example with X and Y. Yes, dump your stock of X and recover your investment and switch to Y.
Maximizing profit is not always better than fast turnover. Why is fast turn over not consistent with maximizing profits? If you have little control over the price, then yeah...fast turn over. If there is a better option, yeah fast turn over. Holy ****. I have control over whether I sell it instantly to a buy order, or sell it via sell order. If I want maximum profit, I would use sells. If I want isk now, I will dump it to buys, or dump it low on the market. (also, depending how much I bought it for as well....not everyone dumping prices is buying it on the same station, or at the same time).
Oh FFS. Even if you dump to buy orders that indicates you have little control over the price.
Holy mother ******* ****.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Rhivre
TarNec Invisible Exchequer
811
|
Posted - 2015.11.24 03:01:16 -
[43] - Quote
Teckos Pech wrote:Oh FFS. Even if you dump to buy orders that indicates you have little control over the price. Holy mother ******* ****.
Ok, lets roll it this way....
Say I have 3000 of a module sitting in my hangar.
The following are my options:
1) Dump to buy orders at my local trade hub
2) Dump to buy orders in Jita
3) Put up 1 order in my local trade hub
4) put up 1 order in Jita
5) put up stacks of 30 in my local trade hub, and play pat-a-cake with the guy who keeps undercutting me
6) Put up stacks of 30 in Jita, and play pat-a-cake with the undercutters. (Full screens of blue are fun!)
With 5 and 6, you also have the option of pulling the prices down as far as you want, then cancelling all your orders, leaving the guy following you now selling at or below the price he bought at. and you can either scoop up the cheap items now on the market, or let someone else get a bargain.
But, yes, you have no control over price in any way........
Usually I choose options 2 and 3 because they are the least hassle. and just require me making 1 jump in a shuttle after setting up the contract for moving the items.
Fluffy Bunny Pic!
|
Teckos Pech
The Executives Executive Outcomes
3791
|
Posted - 2015.11.24 04:50:47 -
[44] - Quote
Rhivre wrote:Teckos Pech wrote:Oh FFS. Even if you dump to buy orders that indicates you have little control over the price. Holy mother ******* ****. Ok, lets roll it this way.... Say I have 3000 of a module sitting in my hangar. The following are my options: 1) Dump to buy orders at my local trade hub 2) Dump to buy orders in Jita 3) Put up 1 order in my local trade hub 4) put up 1 order in Jita 5) put up stacks of 30 in my local trade hub, and play pat-a-cake with the guy who keeps undercutting me 6) Put up stacks of 30 in Jita, and play pat-a-cake with the undercutters. (Full screens of blue are fun!) With 5 and 6, you also have the option of pulling the prices down as far as you want, then cancelling all your orders, leaving the guy following you now selling at or below the price he bought at. and you can either scoop up the cheap items now on the market, or let someone else get a bargain. But, yes, you have no control over price in any way........ Usually I choose options 2 and 3 because they are the least hassle. and just require me making 1 jump in a shuttle after setting up the contract for moving the items.
Okay, but why do you do that?
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Jerry T Pepridge
Meta Game Analysis and Investment INC.
367
|
Posted - 2015.11.24 05:17:37 -
[45] - Quote
Teckos Pech wrote:Okay, but why do you do that?
to annoy you.
we spoke in a private backchannel, and i advised him to call you "the guy that shuts down the grid" on ghostbusters
|
Teckos Pech
The Executives Executive Outcomes
3791
|
Posted - 2015.11.24 05:45:15 -
[46] - Quote
Jerry T Pepridge wrote:Teckos Pech wrote:Okay, but why do you do that? to annoy you. we spoke in a private backchannel, and i advised him to call you "the guy that shuts down the grid" on ghostbusters
I don't believe you are seriously considering listening to these men.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Mindy Lelievre
Vitaluna
2
|
Posted - 2015.12.22 14:37:43 -
[47] - Quote
I know this thread is way old but I thought I'd leave my 2 cents because I am guilty of doing this.... quite often...
and I do it because I know if I don't, someone else eventually will. They will bring it down within razor-thin margins between the buy/sell because that's what markets do. So, why not beat the herd and get the price it will eventually be but faster than everyone else :) |
TheSmokingHertog
TALIBAN EXPRESS
364
|
Posted - 2015.12.22 17:38:42 -
[48] - Quote
HeXxploiT wrote:It looks like the question you are asking is slightly different than what the thread title suggested but I will post this just because it's on the same topic.
Eve's market as realistic as it is tends to be exaggerated. There are a great many items where the bid and the ask have a significant spread.
If i decide a particular T1 item is going to increase in price in the future I begin putting buy orders in to acquire the item at the lowest possible price expecting to accumulate stock over an extended period of time. Let's say I want to acquire 100,000 of an item where the ask is 400,000isk and the bid is 80,000isk. I've comfortably picked up 20,000 of the item and unexpectedly over the course of a week five new buy orders have appeared driving the bid up to 250,000isk.
So the buy orders(bid) look like this;
Quantity---price 500---------250,000 500---------250,000 1000-------200,000 700--------150,000 750---------140,000 1000-------80,000
I have 20,000 of this item. Experience has taught me that if I can wipe out those top five bids I will then be able to begin buying the item back at a lower price and significantly increase my profits in the long run.
This is a commonplace trading tactic.
Crashing the price down like this is very nice to do, with current stock, if you see entering someone like this into your markets.
"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 =-
|
Teckos Pech
The Executives Executive Outcomes
4177
|
Posted - 2015.12.22 17:43:35 -
[49] - Quote
Mindy Lelievre wrote:I know this thread is way old but I thought I'd leave my 2 cents because I am guilty of doing this.... quite often...
and I do it because I know if I don't, someone else eventually will. They will bring it down within razor-thin margins between the buy/sell because that's what markets do. So, why not beat the herd and get the price it will eventually be but faster than everyone else :)
Because it depends on the level of competition. A market where people can get in and out with considerable ease and there are low setup costs should be highly competitive and thus razor thin margins.
A market where entry is not quite as easy will likely have wider margins for the short run (the short run is not precisely defined here as it can vary from market to market). So by rushing right down to the razor thin margins you are in effect leaving money sitting on the table.
There a couple of reasons to drop the prices that I can think of:
1. You had a windfall of sorts, you ganked a freighter and a boat load, literally, of something of some value, but you don't want to play the 0.01 ISK game (because if you did you'd be a station trader and not out ganking). So you set the price low to move the product fast, hopefully.
2. You realize that your ISK, which is tied up in this product, could be much better used somewhere else. This is the time value of money that several other posters were commenting on. So you want to liquidate quickly to go take advantage of this other opportunity. These other commenters were too stupid to realize that this approach is still completely in line with maximizing profits.
Personally, in both situations I'd go for the bulk buy/sell mailing list in game. That way I don't risk dropping the price low and still being stuck with a 0.01 problem (or dropping the price lower again). Basically find somebody who doesn't mind the 0.01 ISK thing.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Teckos Pech
The Executives Executive Outcomes
4177
|
Posted - 2015.12.22 18:03:06 -
[50] - Quote
TheSmokingHertog wrote:HeXxploiT wrote:It looks like the question you are asking is slightly different than what the thread title suggested but I will post this just because it's on the same topic.
Eve's market as realistic as it is tends to be exaggerated. There are a great many items where the bid and the ask have a significant spread.
If i decide a particular T1 item is going to increase in price in the future I begin putting buy orders in to acquire the item at the lowest possible price expecting to accumulate stock over an extended period of time. Let's say I want to acquire 100,000 of an item where the ask is 400,000isk and the bid is 80,000isk. I've comfortably picked up 20,000 of the item and unexpectedly over the course of a week five new buy orders have appeared driving the bid up to 250,000isk.
So the buy orders(bid) look like this;
Quantity---price 500---------250,000 500---------250,000 1000-------200,000 700--------150,000 750---------140,000 1000-------80,000
I have 20,000 of this item. Experience has taught me that if I can wipe out those top five bids I will then be able to begin buying the item back at a lower price and significantly increase my profits in the long run.
This is a commonplace trading tactic. Crashing the price down like this is very nice to do, with current stock, if you see entering someone like this into your markets.
This strategy depends on the constesability of the market.
Jita for example is a highly contested market for many items.
Now a NS market might be much, much less contestable. After all getting stuff there entails some extra level of risk and expense. So trying to price a guy out of your market might be a reasonable strategy....or it might not.
Notice from the link that there are three factors affecting contestability of a market.
- No entry or exit barriers
- No sunk costs
- Access to the same level of technology (to incumbent firms and new entrants)
The last one is true in game. Nobody has "better" technology in game. There also are not too many sunk costs in the game. About the only one I can think of is office rentals. So, markets in Eve are generally rather contestable with barriers to entry and exit being the most significant factor, IMO.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
|
Paul Pohl
blue media poetry
89
|
Posted - 2015.12.23 03:01:31 -
[51] - Quote
Teckos Pech wrote:Rhivre wrote:Teckos Pech wrote:Rhivre wrote:Teckos Pech wrote:
And maximizing profits means you maximize your revenues less costs of everything you are selling. So that covers your example with X and Y. Yes, dump your stock of X and recover your investment and switch to Y.
Maximizing profit is not always better than fast turnover. Why is fast turn over not consistent with maximizing profits? If you have little control over the price, then yeah...fast turn over. If there is a better option, yeah fast turn over. Holy ****. I have control over whether I sell it instantly to a buy order, or sell it via sell order. If I want maximum profit, I would use sells. If I want isk now, I will dump it to buys, or dump it low on the market. (also, depending how much I bought it for as well....not everyone dumping prices is buying it on the same station, or at the same time). Oh FFS. Even if you dump to buy orders that indicates you have little control over the price. Holy mother ******* ****.
That's just rubbish.
What do you need control over the price for?
In fact it's better if someone else is controlling the price, as that way you can set your margins before placing buy orders.
|
Amy Inhibenson
Hedion University Amarr Empire
9
|
Posted - 2016.01.04 05:27:12 -
[52] - Quote
Teckos Pech wrote:Mindy Lelievre wrote:I know this thread is way old but I thought I'd leave my 2 cents because I am guilty of doing this.... quite often...
and I do it because I know if I don't, someone else eventually will. They will bring it down within razor-thin margins between the buy/sell because that's what markets do. So, why not beat the herd and get the price it will eventually be but faster than everyone else :) Because it depends on the level of competition. A market where people can get in and out with considerable ease and there are low setup costs should be highly competitive and thus razor thin margins. A market where entry is not quite as easy will likely have wider margins for the short run(the short run is not precisely defined here as it can vary from market to market). So by rushing right down to the razor thin margins you are in effect leaving money sitting on the table.
That's exactly right, and for 0.01-isking no-lifers (I've been known to dabble) this is where they sit. For the short run, they are exploiting the difference between the buy and sell in the station, or the sell from another station to the sell in the current station. They are usually not interested in high-competition items with thin margins because it requires another strategy to exploit the long-term fluctuations of a price (rather than arbitrage, as we are discussing here).
Traders like this aren't going to be "scared off" by you dramatically undercutting them and devaluing the sell price of the item. The narrowing of the margin and their loss of potential profit will be written off as an unfortunate event but one that is known to occur. If you trash the item then they move on to the other 100 items they are trading in. If you consider that a win, then good for you. But at the end of the day it's all about the ISK. |
Chekov Nikahd
Viziam Amarr Empire
0
|
Posted - 2016.01.04 05:57:26 -
[53] - Quote
Rhivre wrote:Teckos Pech wrote:
And maximizing profits means you maximize your revenues less costs of everything you are selling. So that covers your example with X and Y. Yes, dump your stock of X and recover your investment and switch to Y.
Maximizing profit is not always better than fast turnover.
I prefer turnover to maximized profit.
I don't 0.01isk; when I do change orders, it's by substantial amounts. Perhaps not 20% like in the OP, though.
My goal isn't to get rid of possible profit for others or myself - though I tend to close margins on items I trade fairly quickly. My intention is merely to increase the velocity of buy/sell, get my profit and move on. Occasionally the prices and 'market pvp' don't work in my favor and I'm faced with selling at a loss. I bite the bullet and keep going until the items are sold; I don't sit on the items waiting for a margin to grow again.
When the profit margin on a product disappears like that, I put it aside and check back later (assuming I liked trading in it). If the margin (and more importantly, the volume) looks decent, I might trade in it again.
From what I hear, the people who like to 0.01isk on an item with a 50% profit margin for three weeks absolutely hate it when people like me come along and reduce that margin to 5% in the course of two days.
Don't worry guys. I'm out of your item as quickly as I come into it! Just sit back and let me profit. |
Teckos Pech
The Executives Executive Outcomes
4274
|
Posted - 2016.01.04 06:12:44 -
[54] - Quote
Chekov Nikahd wrote:Rhivre wrote:Teckos Pech wrote:
And maximizing profits means you maximize your revenues less costs of everything you are selling. So that covers your example with X and Y. Yes, dump your stock of X and recover your investment and switch to Y.
Maximizing profit is not always better than fast turnover. I prefer turnover to maximized profit. I don't 0.01isk; when I do change orders, it's by substantial amounts. Perhaps not 20% like in the OP, though. My goal isn't to get rid of possible profit for others or myself - though I tend to close margins on items I trade fairly quickly. My intention is merely to increase the velocity of buy/sell, get my profit and move on. Occasionally the prices and 'market pvp' don't work in my favor and I'm faced with selling at a loss. I bite the bullet and keep going until the items are sold; I don't sit on the items waiting for a margin to grow again. When the profit margin on a product disappears like that, I put it aside and check back later (assuming I liked trading in it). If the margin (and more importantly, the volume) looks decent, I might trade in it again. From what I hear, the people who like to 0.01isk on an item with a 50% profit margin for three weeks absolutely hate it when people like me come along and reduce that margin to 5% in the course of two days. Don't worry guys. I'm out of your item as quickly as I come into it! Just sit back and let me profit.
Good God...maybe you should re-read that and rethink what it means to maximize profit.
Hint: Maximizing profits does not mean maximizing price.
Can't believe I had to point that out.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Chekov Nikahd
Viziam Amarr Empire
0
|
Posted - 2016.01.04 06:56:01 -
[55] - Quote
Teckos Pech wrote:Good God...maybe you should re-read that and rethink what it means to maximize profit. Hint: Maximizing profits does not mean maximizing price. Can't believe I had to point that out.
Don't get all offended m8 I'm just talking about increasing velocity and selling/buying quickly in exchange of maximizing the potential profit of an individual item with 0.01 isk orders that barely move the price around.
My post wasn't even directed at you |
Teckos Pech
The Executives Executive Outcomes
4275
|
Posted - 2016.01.04 07:36:13 -
[56] - Quote
Chekov Nikahd wrote:Teckos Pech wrote:Good God...maybe you should re-read that and rethink what it means to maximize profit. Hint: Maximizing profits does not mean maximizing price. Can't believe I had to point that out. Don't get all offended m8 I'm just talking about increasing velocity and selling/buying quickly in exchange of maximizing the potential profit of an individual item with 0.01 isk orders that barely move the price around. My post wasn't even directed at you
My point is that maximizing profit is not maximizing price.
Or to put it differently...you are still maximizing profit.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
|
Odav Klaskion
Viziam Amarr Empire
0
|
Posted - 2016.01.07 02:06:22 -
[57] - Quote
Thanks for all the insight and banter folks. Basically I was trading in Hek when I dealt with this issue. I've since moved to regional trading and found a nice station to set up shop with little competition (1-2 sellers per item) that is slower but my mark ups are 20%+ and still sell just fine. |
Fin Udan
School of Applied Knowledge Caldari State
2
|
Posted - 2016.01.07 09:19:39 -
[58] - Quote
You have buy orders, sell orders and inventory not on sale. You just need to balance the aggressiveness of your buy orders with the aggressiveness of your sell orders to minimize(or eliminate) inventory not on sale. Previous posters have correctly characterised this as generating profit by maximising turnover.
Having said all that the main reason for tanking a price is to persuade a competitor to go away. A buy order you don't have to babysit is worth it's weight in gold |
Sir SmashAlot
The League of Extraordinary Opportunists Intergalactic Conservation Movement
190
|
Posted - 2016.01.10 16:56:30 -
[59] - Quote
1. Liquidity
Cannot hold onto assets forever
2. See 1
If the best bid is large enough and is at a price above manufacturing cost it can be strategically better to just dump assets for a -20% difference from the best asking price. 0.01 isking a large stack of items will generally lead to the best bid being brought below manufacturing cost before you exhaust your inventories. |
|
|
|
Pages: 1 [2] :: one page |
First page | Previous page | Next page | Last page |