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Ambo
I've Got Nothing
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Posted - 2009.12.17 08:31:00 -
[31]
When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot. --------------------------------------
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Angus McSpork
Caldari
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Posted - 2009.12.17 08:34:00 -
[32]
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
To be honest that's a pretty fair statement about any of life's endeavors.
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cho0li0
Gallente Universal Exports Cult of War
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Posted - 2009.12.17 09:52:00 -
[33]
Edited by: cho0li0 on 17/12/2009 09:52:04
Originally by: flakeys
The only thing i could think of was :'So that is how you REALLY push out the competition'.Btw we are not talking about a small region but one of the largest in empire.
Metropolis or Domain?
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Ambo
I've Got Nothing
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Posted - 2009.12.17 12:18:00 -
[34]
Originally by: Angus McSpork
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
To be honest that's a pretty fair statement about any of life's endeavors.
hehe, very true --------------------------------------
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Hydroblunt
Gallente Puff Monkeys Inc
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Posted - 2009.12.17 15:27:00 -
[35]
Originally by: Krathos Morpheus [justify] Originally by: cosmoray As long as he is buying under reprocess value he is making a profit and you are making a loss. You will only loss by doing what you propose, you can not win with your strategy, every time you sell under reprocessing value you are losing money and the guy is gaining time.
You're missing the point. I see few, if any, understand the process of walking up the buyer in trading. It's a RL strategy in daytrading.
You buy regional and compete with another guy who is doing the same. When the profit margin starts dwindling, you go from regional to 1-5 jump order, hence acquiring less modules, but keep overbidding him to force him to minimal profit from reprocess values. Then you dump n him. You get profit with no hauling & collecting, while he has to haul with significantly reduced profits. Most would get too frustrated & just give up. I'm guessing some won't.
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flakeys
T.H.U.G L.I.F.E The Volition Cult
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Posted - 2009.12.17 15:28:00 -
[36]
Originally by: cho0li0 Edited by: cho0li0 on 17/12/2009 09:52:04
Originally by: flakeys
The only thing i could think of was :'So that is how you REALLY push out the competition'.Btw we are not talking about a small region but one of the largest in empire.
Metropolis or Domain?
Domain :)
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Hydroblunt
Gallente Puff Monkeys Inc
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Posted - 2009.12.17 15:50:00 -
[37]
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
Yes because buying 5000 shuttles for 9500 ISK and being forced to dump them at 4000 ISK after 3 weeks, is a strategy I cannot understand, hence I'm the idiot.
Thank you for clarifying. And supplying me with profits.
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Ronald Kiyosaki
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Posted - 2009.12.17 18:30:00 -
[38]
The fact alone that OP is feeling the need to post this in MD makes me think I'm doing my stuff just right.
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RJ Nobel
Nobel Research and Development
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Posted - 2009.12.17 19:37:00 -
[39]
Originally by: Hydroblunt
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
Yes because buying 5000 shuttles for 9500 ISK and being forced to dump them at 4000 ISK after 3 weeks, is a strategy I cannot understand, hence I'm the idiot.
Thank you for clarifying. And supplying me with profits.
Ambo is completely correct. I can think of two reasons for the strategy you're denigrating, and I'm sure that there are additional reasons. You can look down upon those below you, or you can look up at those above. The people who look up tend to be happier. /shrug
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Phunket
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Posted - 2009.12.17 21:14:00 -
[40]
Originally by: RJ Nobel
Originally by: Hydroblunt
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
Yes because buying 5000 shuttles for 9500 ISK and being forced to dump them at 4000 ISK after 3 weeks, is a strategy I cannot understand, hence I'm the idiot.
Thank you for clarifying. And supplying me with profits.
Ambo is completely correct. I can think of two reasons for the strategy you're denigrating, and I'm sure that there are additional reasons. You can look down upon those below you, or you can look up at those above. The people who look up tend to be happier. /shrug
People who look up tend to follow. Dont be a lemming.
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Dretzle Omega
Caldari Caldari Navy Volunteer Task Force
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Posted - 2009.12.17 21:19:00 -
[41]
Originally by: Phunket
Originally by: RJ Nobel Ambo is completely correct. I can think of two reasons for the strategy you're denigrating, and I'm sure that there are additional reasons. You can look down upon those below you, or you can look up at those above. The people who look up tend to be happier. /shrug
People who look up tend to follow. Dont be a lemming.
People who look down tend to go off course. Don't be an idiot.
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flakeys
T.H.U.G L.I.F.E The Volition Cult
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Posted - 2009.12.17 21:38:00 -
[42]
Originally by: Dretzle Omega
Originally by: Phunket
Originally by: RJ Nobel Ambo is completely correct. I can think of two reasons for the strategy you're denigrating, and I'm sure that there are additional reasons. You can look down upon those below you, or you can look up at those above. The people who look up tend to be happier. /shrug
People who look up tend to follow. Dont be a lemming.
People who look down tend to go off course. Don't be an idiot.
People who look behind can't see where they r heading
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SetrakDark
Caldari DarkCorp Technology and Finance
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Posted - 2009.12.17 21:40:00 -
[43]
People with 15 drinks in them can't hit the urinal. Don't get pised on.
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flakeys
T.H.U.G L.I.F.E The Volition Cult
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Posted - 2009.12.17 21:44:00 -
[44]
Originally by: SetrakDark People with 15 drinks in them can't hit the urinal. Don't get pised on.
I usually hit the urinal pwetty well when i have had 15 drinks .... with my head that is.
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Forranz
Malice. Tentative Nature
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Posted - 2009.12.17 22:12:00 -
[45]
Man who stand on toilet high on pot.
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Krathos Morpheus
Legion Infernal
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Posted - 2009.12.17 23:12:00 -
[46]
Originally by: Hydroblunt You're missing the point. I see few, if any, understand the process of walking up the buyer in trading. It's a RL strategy in daytrading.
You buy regional and compete with another guy who is doing the same. When the profit margin starts dwindling, you go from regional to 1-5 jump order, hence acquiring less modules, but keep overbidding him to force him to minimal profit from reprocess values. Then you dump n him. You get profit with no hauling & collecting, while he has to haul with significantly reduced profits. Most would get too frustrated & just give up. I'm guessing some won't.
I see it now, you didn't mention (or I missed) you keeping the items you got initially at lower price to dump them later on the guy, but depends various factors: First: the guy isn't smart, any decent trader would follow the ranged order with another ranged order, keeping the regional below (at least I would). Second: The picking is a grievance to him. I'm sure most ppl (at least anyone doing it right) trade on multiple items and they are going to make the trip anyway to pick other items. If picking were a grievance to me I wouldn't trade this way. Third: The increased supply. It should not be at problem to him if he is any big, they are fighting over minerals, and mineral markets are big. He can also dump the minerals on production (this days he can even throw them at a suicide business op). In resume: This could work to fight off small fishes, but it won't with any decent trader/producer. It could worth a try though, if you don't need the minerals for a production chain. As in everything else, it depends on the actual circunstances involving the event.
EVEwatch Sidebar soon "It is the unofficial force ù the Jita irregulars. " |
small chimp
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Posted - 2009.12.18 02:31:00 -
[47]
Originally by: RJ Nobel
Originally by: Hydroblunt
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
Yes because buying 5000 shuttles for 9500 ISK and being forced to dump them at 4000 ISK after 3 weeks, is a strategy I cannot understand, hence I'm the idiot.
Thank you for clarifying. And supplying me with profits.
Ambo is completely correct. I can think of two reasons for the strategy you're denigrating, and I'm sure that there are additional reasons. You can look down upon those below you, or you can look up at those above. The people who look up tend to be happier. /shrug
So can someone explain why is this a good strategy?
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RJ Nobel
Nobel Research and Development
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Posted - 2009.12.18 07:23:00 -
[48]
Originally by: small chimp
Originally by: RJ Nobel
Originally by: Hydroblunt
Originally by: Ambo When it comes to trading, I've learnt that if you think your way is the only way or even the 'best' way of making isk then you're the idiot.
Yes because buying 5000 shuttles for 9500 ISK and being forced to dump them at 4000 ISK after 3 weeks, is a strategy I cannot understand, hence I'm the idiot.
Thank you for clarifying. And supplying me with profits.
Ambo is completely correct. I can think of two reasons for the strategy you're denigrating, and I'm sure that there are additional reasons. You can look down upon those below you, or you can look up at those above. The people who look up tend to be happier. /shrug
So can someone explain why is this a good strategy?
Sure, I'll give you one.
Smoke and mirrors.
Put up a "too good to be true" trade on an item. Fight like hell for it for awhile, then fade away. Your opponent is left with a profitable margin on an item, but little spare cash and/or attention, leaving you free to play the market on your really profitable items. And before you say "gee, no one would be silly enough to think that x million is a great profit"... read the thread. It's easy to "throw a bone" to aggressive traders and completely distract them from your true objective.
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small chimp
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Posted - 2009.12.18 07:47:00 -
[49]
Quote:
Put up a "too good to be true" trade on an item. Fight like hell for it for awhile, then fade away. Your opponent is left with a profitable margin on an item, but little spare cash and/or attention, leaving you free to play the market on your really profitable items. And before you say "gee, no one would be silly enough to think that x million is a great profit"... read the thread. It's easy to "throw a bone" to aggressive traders and completely distract them from your true objective.
Sounds like the reasoning for iraq war eh? Are you sure those actually where that guy's objectives?
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RJ Nobel
Nobel Research and Development
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Posted - 2009.12.18 08:14:00 -
[50]
Originally by: small chimp
Sounds like the reasoning for iraq war eh? Are you sure those actually where that guy's objectives?
That's actually (depending on your political views) a very good analogy. As to actual intentions of the supposed opposition - I have absolutely no idea. However, I prefer to operate under the "I don't know everything, so I'll assume nothing" approach. I'm not insulting the OP's approach, just pointing out that excessive arrogance can limit your horizons. Success in Eve often depends on optimism, confidence, and rampant paranoia.
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Varg Tepes
Caldari
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Posted - 2009.12.18 11:13:00 -
[51]
Lmao... So.. Another 6 month old toon is calling others for morans again I think that says A LOT more about youre IQ than us others..
Of course there will be newbies who doesnt now the trading-bizz well in the beginning (you are actually one of them yet), but why come out and cheastbeat like an idiot over it..? In EVE-terms your will still be a newbie for at least one more year.. so maybe you should step down from ure imaginary trone of trades, put ure finger up the talepipe and smell some reality before u make another post about how little u actually now about EVE!
But thanks for the laughs and have a nice weekend
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Johnny Yakuza
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Posted - 2009.12.18 13:11:00 -
[52]
A variation on the OP's #2, the "Have to be the top regional" type guy.
My favourite "top weenie" is the long-time player who saw some of my trader-Alt's orders and then took it upon himself to send me a "form letter" style wall of text explaining how he had all these Alts who would outbid me, or anyone else, up to or even past the mineral value on all items -- so "please F. O." because he had orders to fill with important customers.
Well, I'm sure we'll all very important and very busy and very convinced we're more important than the other internet spaceship captains with their very busy and very important friends.
Just another weenie that needs to "get over" himself.
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small chimp
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Posted - 2009.12.18 16:42:00 -
[53]
Originally by: RJ Nobel
Originally by: small chimp
Sounds like the reasoning for iraq war eh? Are you sure those actually where that guy's objectives?
That's actually (depending on your political views) a very good analogy. As to actual intentions of the supposed opposition - I have absolutely no idea. However, I prefer to operate under the "I don't know everything, so I'll assume nothing" approach. I'm not insulting the OP's approach, just pointing out that excessive arrogance can limit your horizons. Success in Eve often depends on optimism, confidence, and rampant paranoia.
Yuup. When I was a more newbieiesh trader I was prone to get aggro from various 'stupid traders' (currently only from one botlike trader). But now I at least think that I understand better what are they possibly trying to do. As have been said for many times many times they may be just stupid or newbies (or even more experienced people) experiencing with market.
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Hydroblunt
Gallente Puff Monkeys Inc
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Posted - 2009.12.18 18:04:00 -
[54]
Originally by: RJ Nobel
Sure, I'll give you one.
Smoke and mirrors.
Put up a "too good to be true" trade on an item. Fight like hell for it for awhile, then fade away. Your opponent is left with a profitable margin on an item, but little spare cash and/or attention, leaving you free to play the market on your really profitable items. And before you say "gee, no one would be silly enough to think that x million is a great profit"... read the thread. It's easy to "throw a bone" to aggressive traders and completely distract them from your true objective.
Meanwhile I end up dumping my shuttles (bought for 3000-4000ISK) onto him for 100% profits on a monthly basis. You know what, let me stay the idiot and make my ISK while the genius trader continues his super duper hard to decipher strategy.
Please come to my region, please. I need more geniuses to show me what a moron I am.
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Dretzle Omega
Caldari Caldari Navy Volunteer Task Force
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Posted - 2009.12.18 18:07:00 -
[55]
Originally by: Hydroblunt I need more geniuses to show me what a moron I am.
You'll never find enough geniuses to show you what a moron you are. That's what being a moron is all about!
I should know.
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Hydroblunt
Gallente Puff Monkeys Inc
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Posted - 2009.12.18 18:43:00 -
[56]
Originally by: Krathos Morpheus
Originally by: Hydroblunt You're missing the point. I see few, if any, understand the process of walking up the buyer in trading. It's a RL strategy in daytrading.
You buy regional and compete with another guy who is doing the same. When the profit margin starts dwindling, you go from regional to 1-5 jump order, hence acquiring less modules, but keep overbidding him to force him to minimal profit from reprocess values. Then you dump n him. You get profit with no hauling & collecting, while he has to haul with significantly reduced profits. Most would get too frustrated & just give up. I'm guessing some won't.
I see it now, you didn't mention (or I missed) you keeping the items you got initially at lower price to dump them later on the guy, but depends various factors: First: the guy isn't smart, any decent trader would follow the ranged order with another ranged order, keeping the regional below (at least I would). Second: The picking is a grievance to him. I'm sure most ppl (at least anyone doing it right) trade on multiple items and they are going to make the trip anyway to pick other items. If picking were a grievance to me I wouldn't trade this way. Third: The increased supply. It should not be at problem to him if he is any big, they are fighting over minerals, and mineral markets are big. He can also dump the minerals on production (this days he can even throw them at a suicide business op). In resume: This could work to fight off small fishes, but it won't with any decent trader/producer. It could worth a try though, if you don't need the minerals for a production chain. As in everything else, it depends on the actual circunstances involving the event.
It depends on what is going on. Some items start getting attacked by multiple traders, where at least one to two of them are utter morons (hence my thread). Reprocessing is always the highest return, but if I can dump my modules for decent profits without leaving the station, that is a faster turnaround & cashflow. I go through this process on several modules as a cycle. They start out at 50% of reprocess value and end up going up to 90+% as the idiots attacks. I wait, dump and check the item a week later. It goes back to 50% of reprocess value.
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Opportunity Costs
Caldari
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Posted - 2009.12.18 19:35:00 -
[57]
Edited by: Opportunity Costs on 18/12/2009 19:36:08 1st, you are indeed whining. Terms like 'morons' or 'idiots' delate yourself
2nd, I sometimes do it 'for the lulz'. Don't think your 0.01isk strategy is annoying him. He is still lulzing.
2.1 the 0.01 isk may be annoying aswell. Maybe he is tired of stupid 0.01wars and plays the market with shotguns
3rd, don't take it personally. Its just a game. Otherwise you would end up ragequiting because some individual manipulating some virtual numbers the reverse way you want. LOL! __________________________________ - Mining your own minerals doesnt drop your manufacturing costs! - Marginal earnings is what actually counts - Time is isk and enjoyment is isk aswell |
Hydroblunt
Gallente Puff Monkeys Inc
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Posted - 2009.12.18 21:10:00 -
[58]
Originally by: Opportunity Costs Edited by: Opportunity Costs on 18/12/2009 19:36:08 1st, you are indeed whining. Terms like 'morons' or 'idiots' delate yourself
2nd, I sometimes do it 'for the lulz'. Don't think your 0.01isk strategy is annoying him. He is still lulzing.
2.1 the 0.01 isk may be annoying aswell. Maybe he is tired of stupid 0.01wars and plays the market with shotguns
3rd, don't take it personally. Its just a game. Otherwise you would end up ragequiting because some individual manipulating some virtual numbers the reverse way you want. LOL!
1st, I am making an observation. You're just mad cause it applies to you. Your best comeback is to say that "I'm whining", which further confirms my observation
2nd, I'm sure you sometimes also like to bang your head against the wall for "lulz". Please don't do that. Instead do your amazing "lulz" trading strategies. They end up making me ISK anyway. 2.1 0.01 ISK is about preserving margins. It's just business. Hence I don't mind it at all.
3rd, I do not take it personally, but you obviously do. It is just a game. Yet you still end up looking like an idiot. But at least it's just a game. In real world it would be much worse, maybe someday you will find about graduating from the leash to helmet only
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Utemetsu
Caldari Humans from Earth
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Posted - 2009.12.18 21:32:00 -
[59]
Edited by: Utemetsu on 18/12/2009 21:32:07 Successful Troll is Succsessful.
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Opportunity Costs
Caldari
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Posted - 2009.12.19 21:22:00 -
[60]
roflcopter...
its obvious that you are the one whining. I just don't care about it, while you do care. I think I didnt say anything offensive but sorry if I did.
'the shotgun method' is usually interesting because most of '0.01 warriors' wont follow, and you get your sale earlier than they do.
and remember, when someone has 10b+ on his wallet, he couldn't care less about losing 1 million or whatever. In fact, it can be entertaining to watch the lemmings reactions or even get some hate mails and/or wardecs. LOL!!
__________________________________ - Mining your own minerals doesnt drop your manufacturing costs! - Marginal earnings is what actually counts - Time is isk and enjoyment is isk aswell |
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