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Mutnin
Mutineers
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Posted - 2009.06.26 23:38:00 -
[31]
Edited by: Mutnin on 26/06/2009 23:38:10 Did you buy ISK? You said you have been playing only 4 months yet you have bought several toons in that time as you claim. While I guess it's doable, it seems like you have a hell of a lot of ISK to play with as such a new player. |

Nuzzy Futs
Amarr Hedion University
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Posted - 2009.06.27 00:38:00 -
[32]
Originally by: Mutnin Edited by: Mutnin on 26/06/2009 23:38:10 Did you buy ISK? You said you have been playing only 4 months yet you have bought several toons in that time as you claim. While I guess it's doable, it seems like you have a hell of a lot of ISK to play with as such a new player.
Now don't spoil it - It is so much more fun when people complain on the forums and then CCP comes in and sets down their take on the situation.
It could be as simple as a character petitioned the competition - it could be a trail from isk/charterers history. Either way the end result should be interesting whichever way iot all sorts out. |

Meelah Ra
Arkons of Myth Aggression.
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Posted - 2009.06.27 02:51:00 -
[33]
Did end up getting this resolved.
Ended up costing me 100 mil profit as I didn't get everything out of the item before it crashed (bout 30 hours I wasn't able to log on my trader). However, CCP did apologize and gave me a few extra days to 2 accounts. I did still make 400 mil off of the manipulation though so I'll live.
What ACTUALLY happened:
I bought a character. Later on, I sold it. Time passed. CCP got a petition that the character I sold was transferred without owner permission. They sent an email to the email of that other account that hosted the character (that is inactive at this point) that I didn't check. They also locked down my trader account with no email sent. The email they sent was basically "xxx has complained that the character was transferred without consent. We noticed it was moved to your account and then later sold. How did you move it to your account?". At which point I highlighted the forsale thread where I bought it, the amount of isk I transferred to the account when I bought it, and the forsale thread where I later sold it. A little while later I received an apologetic email, free days, and the accounts were unbanned.
Soooo, my bad for having an old account with an email that I don't check very often. Would have been cool if they'd sent the email to both accounts that they banned. In my own defense.. I'll say that the musing about someone petitioning me was just that. The timing really WAS horrid thought as it was my first attempt at manipulation and the whole thing happened at the worst possible time.
Discussion on people saying I am a moron for going 100% into 1 item in next post... |

Meelah Ra
Arkons of Myth Aggression.
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Posted - 2009.06.27 02:52:00 -
[34]
reserved, editing shortly |

Chu Ran
Caldari Heavy Influence Aggression.
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Posted - 2009.06.27 02:58:00 -
[35]
Edited by: Chu Ran on 27/06/2009 02:59:54
Originally by: Meelah Ra Did end up getting this resolved.
Ended up costing me 100 mil profit as I didn't get everything out of the item before it crashed (bout 30 hours I wasn't able to log on my trader). However, CCP did apologize and gave me a few extra days to 2 accounts. I did still make 400 mil off of the manipulation though so I'll live.
What ACTUALLY happened:
I bought a character. Later on, I sold it. Time passed. CCP got a petition that the character I sold was transferred without owner permission. They sent an email to the email of that other account that hosted the character (that is inactive at this point) that I didn't check. They also locked down my trader account with no email sent. The email they sent was basically "xxx has complained that the character was transferred without consent. We noticed it was moved to your account and then later sold. How did you move it to your account?". At which point I highlighted the forsale thread where I bought it, the amount of isk I transferred to the account when I bought it, and the forsale thread where I later sold it. A little while later I received an apologetic email, free days, and the accounts were unbanned.
Soooo, my bad for having an old account with an email that I don't check very often. Would have been cool if they'd sent the email to both accounts that they banned. In my own defense.. I'll say that the musing about someone petitioning me was just that. The timing really WAS horrid thought as it was my first attempt at manipulation and the whole thing happened at the worst possible time.
Discussion on people saying I am a moron for going 100% into 1 item in next post...
In before the mods!
Just a heads up: discussions regarding CCP responses to petitions are forbidden on the forums.
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Chu Ran
Caldari Heavy Influence Aggression.
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Posted - 2009.06.27 02:59:00 -
[36]
Edited by: Chu Ran on 27/06/2009 02:59:36 Nothing to see here...
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Selene D'Celeste
Caldari The D'Celeste Trading Company ISK Six
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Posted - 2009.06.27 03:02:00 -
[37]
Not surprising. CCP take issues with character sales very seriously.
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Meelah Ra
Arkons of Myth Aggression.
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Posted - 2009.06.27 03:07:00 -
[38]
Originally by: Chu Ran Edited by: Chu Ran on 27/06/2009 02:59:54 In before the mods!
Just a heads up: discussions regarding CCP responses to petitions are forbidden on the forums.
Didn't know that, off to adjust the post now. |

Clara Mismer
Minmatar Gulfonodi Industries
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Posted - 2009.06.27 06:11:00 -
[39]
Originally by: Meelah Ra Edited by: Meelah Ra on 27/06/2009 03:04:19 On everyone implying I'm a moron for dropping everything into one item: I disagree. Yes there are risks, but I don't want to do .01 isk all day. By hitting something that was high dollar, it meant I had a LOT less competition. There were periods where 2 other people were fighting with me, but there were also periods where I left it for a few hours, came back, and was still the low sell order. I want to play eve, not "reduce by .01". I also don't have an efficient method for checking 30 orders in a not sucky way yet (I think this is doable with tools, I just don't have ANY tools to assist in marketing).
I also didn't just buy in at some random point. I went in when it was at a low point of a cycle. I kicked it back to what is the high end of the cycle. Heck maybe its not even a manipulation, just a re pricing or whatever. When an item hasn't been below x for 3 months, I think buying a ton at x+(really small %) isn't crazy risky.
Down the road, I'll probably figure out how to spread out orders better in a way that I can check efficiently and adjust efficiently. Or heck, maybe go into something else like capital production, I dunno. I'm still looking for the ideal way to use my isk to increase isk, while getting to focus (mostly) on other aspects of the game. This was an experiment... that I liked the results of but its also not something I can do consistently.
Oh well. live and learn. Thanks to those who didn't auto assume OH MY GOD YOU BOUGHT ISK YOU DIRTY RMTer!! I did buy some initial isk.. the legal way via GTCs. But that is a fraction of my current networth (I did spend a LOT of hours mining in 0.0 tho :P).
You can reduce all this down to just : When you make a move in a market you need to have enough isk in the game to maximize your profit potential.
If you dont have beef behind your home run hits you have a lot of small successes but not much increase in your wallet.
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Vaerah Vahrokha
Minmatar Dark-Rising
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Posted - 2009.06.27 07:35:00 -
[40]
Edited by: Vaerah Vahrokha on 27/06/2009 07:37:53 Edited by: Vaerah Vahrokha on 27/06/2009 07:36:00
Quote:
On everyone implying I'm a moron for dropping everything into one item: I disagree. Yes there are risks, but I don't want to do .01 isk all day. By hitting something that was high dollar, it meant I had a LOT less competition.
"Yes there are risks" is the excuse IRL traders and stock exchange / forex players bring in to justify poor money management.
You DO NOT want to eat in your capital like that, because the unforeseeable is always there to bite your money off. After all, if not by appropriately self-policing, what is a single way to preserve capital when totally unpredictable external factors are always ready to hit? Could you EVER imagine being banned for suspect RMT? No, eh? It's exactly why to NOT put all the bets on one horse.
Because if you lose 50% of your capital, then you don't just need a 50% gain to recover.
You will do like this:
drawdown % : % to recover 0 : 0 10 : 11.11 20 : 25 30 : 43 40 : 67 50 : 100 60 : 150 70 : 233 80 : 400 90 : 900
Ie you need to have a 100% gain to make up for a 50% loss.
This is why capital risk investors want to:
- spread risk across multiple ventures
- keep the money invested at a fraction of their capital, sometimes even just 2% of it (prudent profile) to 10% (risky profile). Edit: of course in EvE you can "dare" a lot more since it's not your IRL money at stake. But not going on a tangent either.
Moreover your assumption that to avoid the 0.01 ISK you have to go big dollar is wrong and I suggest contacting James Tundra for a course on how it's done. (I audited the guy and let's say he got the knack for making good margins with limited 0.01 isking effort).
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