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Maxwell Terallis
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Posted - 2009.03.18 15:12:00 -
[1]
(prices and amounts changed from original)
I put up a sell order for five units @ 1000 isk last night. I woke up this morning and found all five had sold. Two of them @ 1000, but three of them @ 1500.
Why did I get an extra 500 isk for three of my units?
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Mme Pinkerton
Caldari
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Posted - 2009.03.18 15:19:00 -
[2]
Originally by: Maxwell Terallis (prices and amounts changed from original)
I put up a sell order for five units @ 1000 isk last night. I woke up this morning and found all five had sold. Two of them @ 1000, but three of them @ 1500.
Why did I get an extra 500 isk for three of my units?
assume the following sell orders are listed for a given item:
5x 1000 ISK 3x 1005 ISK 70x 1500 ISK
If you want to buy 40 units of said good it's much more convenient to click on the 1500 ISK order and enter "40", than to buy first 5, then 3 and then another 32 units from different orders (each time clicking the respective order and entering the right amounts). However, sell orders get filled from low to high/from old to new, no matter which order the Buyer actually clicks at. So if the Buyer selects 40x 1500 he will (involuntarily) buy 5@1500 + 3@1500 + 32@1500.
tl;dr it's just some buyer trading a small sum of money for increased convenience
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Kwint Sommer
Caldari XERCORE
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Posted - 2009.03.18 15:20:00 -
[3]
I really hate answering this question over and over again....
The market sells the cheapest order first regardless of what price someone enters. You can't choose what item you buy, you always get the cheapest. The only thing you can control is what you pay for it. You can always give more than the asking price. Some people are dumb enough to think that they can choose what item they buy and thus they end up paying more than the list price.
What happened to you is either someone tried to buy a more expensive one, not realizing how the system worked or they made a typo. Either way, it's free ISK, just enjoy it.
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Falkrich Swifthand
Caldari eNinjas Incorporated
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Posted - 2009.03.18 15:53:00 -
[4]
There's also the possibility that someone was trying to buy more than you were supplying, but chose to try to buy from the more expensive order first. A is selling 5 @ 1000 B is selling 5 @ 1500 C wants 10, so needs to buy both lots. Buys B's first, but while you pay the amount of the one you choose to buy, you actually end up buying from the cheapest order. So he ends up buying A's 5 at 1500, goes "oh crap" and has to buy B's 5 at 1500 too.
Always buy from lowest to highest if you are buying multiple orders. nullnull
My sig is not my sig. |
Vested Interest
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Posted - 2009.03.18 15:56:00 -
[5]
I wish there was a more elegant way to "clear the board" so to speak, purchasing all open sell orders, without paying the top price for all of them.
I would have no objection to the system paying the correct price for each order filled as long as it processed them in the same order.
If you place a buy order big enough to cover said area you will still pay "full" price and it also adds in broker fees!
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Maxwell Terallis
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Posted - 2009.03.18 16:26:00 -
[6]
Originally by: Mme Pinkerton
assume the following sell orders are listed for a given item:
5x 1000 ISK 3x 1005 ISK 70x 1500 ISK
If you want to buy 40 units of said good it's much more convenient to click on the 1500 ISK order and enter "40", than to buy first 5, then 3 and then another 32 units from different orders (each time clicking the respective order and entering the right amounts). However, sell orders get filled from low to high/from old to new, no matter which order the Buyer actually clicks at. So if the Buyer selects 40x 1500 he will (involuntarily) buy 5@1500 + 3@1500 + 32@1500.
tl;dr it's just some buyer trading a small sum of money for increased convenience
It's interesting the system doesn't just charge him 5 @ 1000, 3 @ 1005, and 32 @ 1500. That's definitely not explained anywhere and I guess someone will only make the mistake of over-paying once.
Originally by: Kwint Sommer
I really hate answering this question over and over again....
If you hate answering the question, stop answering it? Problem solved! As evidenced by this thread, others have been more than happy to answer it.
Originally by: Falkrich Swifthand
There's also the possibility that someone was trying to buy more than you were supplying, but chose to try to buy from the more expensive order first.
Thanks for that example. I did not realize the system would treat a multi-order at a higher price like that. I'd think it would just fill in each order at the price it was listed at rather than giving the sellers who are lower the price of the higher sell order.
In my example, these were single units. Because they wouldn't be able to select my order specifically and type in a price of 1500, they must have put a buy order for one unit @ 1500, not realizing I had a sell order for 1000. Not just someone, but three someones..
One man's ignorance is another man's profit, I guess....
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Ki Tarra
Caldari Ki Tech Industries
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Posted - 2009.03.18 16:49:00 -
[7]
Originally by: Maxwell Terallis One man's ignorance is another man's profit, I guess....
Yup!
Welcome to market PvP, where the best price trades first.
If you have the lowest priced sell order in that station, you must be the first to sell in that station. If you have the highest priced buy order in that station, you must be the first to buy in that station. There is no way for anyone to trade through the market at that station before you without besting your price.
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Kwint Sommer
Caldari XERCORE
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Posted - 2009.03.18 17:57:00 -
[8]
Edited by: Kwint Sommer on 18/03/2009 17:57:44
Originally by: Maxwell Terallis
Originally by: Kwint Sommer
I really hate answering this question over and over again....
If you hate answering the question, stop answering it? Problem solved! As evidenced by this thread, others have been more than happy to answer it.
Perhaps I was being a bit too kind with my statement. I'll rephrase it,
I hate the fact that MD has been moved to a prominent spot because back in the day, people too lazy to search for the answer to a question asked and answered a million times were also too lazy to find the forum and post their inane, million-times-answered questions.
I answered the question because I like being helpful and back in the day, when MD contained mostly intelligent and meaningful discussion, I use to do it a lot. But MD's changing; perhaps it's time I left it to the unwashed masses flooding in from General Discussion.
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Thoraemond
Minmatar Far Ranger
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Posted - 2009.03.18 18:06:00 -
[9]
Originally by: Vested Interest If you place a buy order big enough to cover said area you will still pay "full" price and it also adds in broker fees!
If the order will be filled immediately and you want to avoid paying broker fees, set the order Duration to 'Immediate' in the advanced order dialog box. New Eden's brokers charge only for standing orders.
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Maxwell Terallis
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Posted - 2009.03.18 19:36:00 -
[10]
Originally by: Kwint Sommer
Perhaps I was being a bit too kind with my statement. I'll rephrase it,
I hate the fact that MD has been moved to a prominent spot because back in the day, people too lazy to search for the answer to a question asked and answered a million times were also too lazy to find the forum and post their inane, million-times-answered questions.
I answered the question because I like being helpful and back in the day, when MD contained mostly intelligent and meaningful discussion, I use to do it a lot. But MD's changing; perhaps it's time I left it to the unwashed masses flooding in from General Discussion.
Bye!
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Dzil
Caldari Apache Research Team
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Posted - 2009.03.18 20:21:00 -
[11]
Originally by: Kwint Sommer Edited by: Kwint Sommer on 18/03/2009 17:57:44
Originally by: Maxwell Terallis
Originally by: Kwint Sommer
I really hate answering this question over and over again....
If you hate answering the question, stop answering it? Problem solved! As evidenced by this thread, others have been more than happy to answer it.
Perhaps I was being a bit too kind with my statement. I'll rephrase it,
I hate the fact that MD has been moved to a prominent spot because back in the day, people too lazy to search for the answer to a question asked and answered a million times were also too lazy to find the forum and post their inane, million-times-answered questions.
I answered the question because I like being helpful and back in the day, when MD contained mostly intelligent and meaningful discussion, I use to do it a lot. But MD's changing; perhaps it's time I left it to the unwashed masses flooding in from General Discussion.
I'm sad, I don't think I ever saw the days you describe as MD. Even before the move, MD posts seemed to follow one of these formats:
[IPO Offer...] [Scam!] ["That's a bond, not an IPO" guy] ["I'd like to reserve X shares without deposit" guy]
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[What's up with the price of X?] [He's manipulating the price of X!] [No, he just wants you to think he's manipulating it!]
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[How do I ...?] [Pfft, I'm posting in a discussion forum to tell you that I'm not going to share my secrets] [Do your own research] [Why didn't you just use search?]
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Kwint, link me an example of one of these posts of intelligent and meaningful discussion.
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Havok Pierce
Gallente The Bastards
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Posted - 2009.03.18 20:29:00 -
[12]
Originally by: Maxwell Terallis Bye!
Here's a question for the OP: Were you too lazy or too stupid or too ignorant to do a search for any of the other times (approximately once a month) this question has come up?
If it's #3, there's hope for you yet. There is a wonderful site called http://www.eve-search.com that maintains a searchable archive of the EVE Online forums (because these forums' internal search sucks horribly and didn't exist until a few months ago). Additionally, I'm looking at an early entry to the EVE Online wiki about the Market.
There is also a STICKIED POST AT THE TOP OF THESE FORUMS containing often-asked questions, including a link to the Non-CCP EVE Wiki about your VERY QUESTION.
If it's #1 or #2, we'll happily take your ISK, but otherwise go away.
Refer to Posting and You and How to Ask Questions the Smart Way for more information.
Originally by: CCP Wrangler There's a Community petition category??
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Kwint Sommer
Caldari XERCORE
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Posted - 2009.03.18 20:36:00 -
[13]
Originally by: Dzil
I'm sad, I don't think I ever saw the days you describe as MD. Even before the move, MD posts seemed to follow one of these formats:
[IPO Offer...] [Scam!] ["That's a bond, not an IPO" guy] ["I'd like to reserve X shares without deposit" guy]
------
[What's up with the price of X?] [He's manipulating the price of X!] [No, he just wants you to think he's manipulating it!]
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[How do I ...?] [Pfft, I'm posting in a discussion forum to tell you that I'm not going to share my secrets] [Do your own research] [Why didn't you just use search?]
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Kwint, link me an example of one of these posts of intelligent and meaningful discussion.
I confess to exaggeration both in describing the old days and the present but I resort to such dramatic statements only because loading statements down with qualifiers tends to drown their message. Truth be told, we still have meaningful discussions today.
At any rate, I will make a more accurate statement:
Before the move, MD had its problems. Much as today, it had hundred-time-answered noob questions and alts and scams and trolls too. It even saw the occasional off topic thread and back then the mods were actually mcuh slower to move them. But you didn't have to flip to the second page to find a meaningful discussion of the market and perhaps more importantly people like Hexxx were generally treated with respect and their posts given the gravity they deserved. Now, I'm afraid the place is being overrun with folks from General Discussion that at the same time as being utterly ignorant to even the simplest of market concepts like an ISK faucet, dismiss people like Hexxx out of hand. You can't have a serious conversation in that atmosphere, as evidenced by LVV's sleeper thread.
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