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Idocrase
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Posted - 2009.05.09 21:39:00 -
[151]
# # Chuck Norris once ate a whole cake before his friends could tell him there was a stripper in it.
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Will Strafe
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Posted - 2009.05.09 23:09:00 -
[152]
Originally by: Owl Algernon I'm posting this thread with an alt as my corp and few alt characters would likely become some target of angst for being critical of some folks. However, while some of this may sound derogatory, it's more advice than anything.
I own several t2 BPOs, and have been trading and running the market since '03. I have about 25 bill liquid, and probably 200 bill in BPOs. Between three characters I run nearly 900 orders (305 on two characters), from backwater regions to hubs, cheap items to jump freighters. I'll work any portion of the market for a profit.
However, lately more than ever I see lots of very new characters (with the unlikely possibility that older players are running them) working their way into certain portions of the market. Seeing them try to play hardball with market vets is pretty funny.
For example, the last few days I've had a few 2 and 3 month old characters invest in buying 20 to 30 units of items that run ~ 100k to 1m or so. I normally update my orders about 4 times a day, sometimes more, rarely less. It's always funny to watch these small fish try to play the .01 isk game when I'll happily push a buy order up 50k or 100k at a time, and this is when I have a buy order in for 500 to 1000 of the commodity.
If you run your market operations like this - here's a word of advice - doing so makes you look foolish. I know you don't have much liquid behind you to play hardball, and I'll happily buy and sell at a loss to see you leave the market. It's particularly funny when you drop your buy order, I drop my buy order price to its original value, and you reopen another buy order. Your broker loves the free money, and I get a laugh.
However, even if you stay in the market I'll happily make a 10 isk profit (or buy/sell at a loss) on a 1m isk item just to see your buy order sit there and get stale, all the while a decent chunk of your wallet sits in that buy order playing some battle of attrition that you won't win.
To be honest, I could simply lose money on the market indefinitely and compensate for it buy falling back on t2 sales from my BPOs. If you think you're going to push into my market by playing the .01 isk game a few times a day - you're sorely mistaken. I don't need more money. Hell, I can hardly invest my liquid in anything other than more t2 BPOs, and my factory slots are full. I play the market for PVP, as my mains PVP full time (shoot ĉem up PVP, not market).
So, as a word of warning to those of you running the market who don't have the wallet or the tenacity to swim with the big fish - run missions for cash, or mine, or whatever you normally do, because playing the market requires some moxie and a decent wallet to back it up.
You sound like you are loosing the fight.
"I normally update my orders about 4 times a day, sometimes more, rarely less."
This I call bluff, and your real problem.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.10 10:27:00 -
[153]
Originally by: Owl Algernon obvious market small fish who are upset I've taken 90b and turned it into 225b in a year with little playtime.
Updating orders 4 times a day is hardly "little" playtime.
I can go days without even turning on my EVE computer, and still turn a profit.
Doesn't mean it's great. But at least I don't compromise my RL in order to get diminishing return on my investment.
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PostmasterGeneral
Minmatar yo i'm posting
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Posted - 2009.05.10 13:15:00 -
[154]
i think the OP is a p cool guy. eh strokes his traeder epeen and doesn't afraid of anything
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EVEHelpisSeriousBusiness
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Posted - 2009.05.10 13:26:00 -
[155]
Originally by: PostmasterGeneral i think the OP is a p cool guy. eh strokes his traeder epeen and doesn't afraid of anything
You win alt poasting tbh.
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Idocrase
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Posted - 2009.05.10 15:50:00 -
[156]
The grass is always greener on the other side, unless Chuck Norris has been there. In that case the grass is most likely soaked in blood and tears.
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Krylon Rhae
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Posted - 2009.05.10 18:13:00 -
[157]
Originally by: Idocrase The grass is always greener on the other side, unless Chuck Norris has been there. In that case the grass is most likely soaked in blood and tears.
Hey Idocrase... love the Chuck Norris bits running through the thread... lightens things up.
More please...
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