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Cergorach
Amarr
The Helix Foundation
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Posted - 2009.04.28 10:32:00 -
[1]
I just trained Margin Trading on a character and it works a little different from what I expected. The amount you put into escrow is first depleted, further purchase come from your wallet. Doesn't this make it the excellent manipulating tool?
You create an order for x amount of product you keep filling your own order until you have nothing left in escrow (thus all further purchases come from your wallet), rinse and repeat until you've created an enormous demand for an article. then you transfer your funds to another account or the corp wallet. You then wait until someone flies the product to the buy locations and tries to sell you the items, then all the buy orders go *poof* because you don't have any isk in your wallet. Now there's someone in the middle of nowhere with a hold full of product that he can't sell for the expected price.
Now for the profit part, another character has buy orders at that location at a lower buy price, chances are that these will be filled. You can of course add a little profit if you also sell this product (at lower price then you fictional buy order, but higher then your true buy orders).
You of course pay the trade tax etc., but if you make the margins relatively large, it should net you a profit...
You could also do this to drive up the price of the product.
Is there anything I'm missing?
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2009.04.28 10:40:00 -
[2]
What if the guy that comes in comes BEFORE you can "empty your escrow" first and is quite happy even with 25% of his stock sold at that particular price, then he simply sets up a sell order for the rest at the same price, making YOU undercutting HIM pointless, you're sitting on a pile of expensive inventory you can't get rid of ?
Or, what's stopping the very first person that sells you one single unit because he had the junk at that location making ALL your orders go "poof", thus negating all your work and you having just wasted the full amount of fees all around ?
Yeah, it's a manipulation tool, but it's risky as hell, and more likely to cause you more damage than good.
But if properly executed and well timed, then, kudos. Or should I say "you got lucky this time" ?
EVE issues|Mining revamp|Build stuff|Make ISK |
YouGotRipped
Ewigkeit
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Posted - 2009.04.28 11:06:00 -
[3]
Edited by: YouGotRipped on 28/04/2009 11:16:20
You could set a minimum quantity for your buy order.
Black Sun Empire |
Vested Interest
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Posted - 2009.04.28 13:33:00 -
[4]
Nobody does this really, but this is exactly what people whine about when I suggest implementing Short Selling. "Oh you can't have all these fake units on the market think of the selllerrrrrrssss waaaa!" Even though Akita and I had a bulletproof scheme. <shakes fist>
But yeah, it's easy to make up fake demand with Margin Trading. I wish we could do the same with sell orders. As YGR said, bump the quantity on your order high enough and nobody would ever fill the order, but it sure looks imposing there in the market screen.
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Midas Man
Caldari
Dzark Innovations
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Posted - 2009.04.28 13:50:00 -
[5]
 Originally by: Vested Interest
See I have a tendency to put these sort of super strategic plays in motion and then the phone rings and I walk away, and forget about it for 2 days. Not so effective that way.
glad its not just me, suddenly your wallet reduces by billions and you find its a pile of overpriced stuff you were manipulating last week
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Midas Man
Caldari
Dzark Innovations
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Posted - 2009.04.28 14:01:00 -
[6]
and if anybody would like see this kind of manipulation done look at the price history for Tripped Power circuits in jita over the past 6 months.
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Grozen
Caldari
Bulgarian Experienced Crackers
Circle-Of-Two
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Posted - 2009.04.29 06:39:00 -
[7]
margin trading is mainly used for trading with more money then you actually have, but unlike in real world here you don't get charged for that.
knowledge is power |
YouGotRipped
Ewigkeit
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Posted - 2009.04.29 06:45:00 -
[8]
Edited by: YouGotRipped on 29/04/2009 06:45:42
Originally by: Grozen
margin trading is mainly used for trading with more money then you actually have
Are you sure?
Black Sun Empire |
EVEHelpisSeriousBusiness
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Posted - 2009.04.29 08:37:00 -
[9]
Originally by: YouGotRipped
Edited by: YouGotRipped on 29/04/2009 07:00:00
Originally by: Grozen
margin trading is mainly used for trading with more money then you actually have
Are you sure about this?
More money than you have *now* and assuming you're going to come up with the money to cover by the time the order hits your wallet for backup.
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