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Noonesoski
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Posted - 2010.05.25 16:33:00 -
[1]
Hey all!
I have been trying to corner a few markets with some success, but now a bunch of other sellers are honing in on my action. Any suggestions on what to do? Should I try the Lemming game? Any thoughts or idea would be much appreciated.
Also, I want to try to ramp up my operations, is isk the only factor, or can it be done with out much isk with some other technique?
Again, any thoughts or idea would be much appreciated. especially the constructive ones...
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Grozen
Caldari Titan Core
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Posted - 2010.05.25 16:55:00 -
[2]
You need isk and brain. knowledge is power |
PinkFish
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Posted - 2010.05.25 16:57:00 -
[3]
Buy one unit from every order and see if it's really a bunch of sellers or just one seller with lots of orders up.
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Antiquarian
Minmatar Toxick Administration
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Posted - 2010.05.25 17:05:00 -
[4]
But when I manipulate my market, I use up to 5 trading alts at the same time, to mask my movement :(
__________________________________________ Curator & Chief Business Officer ToxicK Administration Brutor Tribe Treasury - Rens |
Noonesoski
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Posted - 2010.05.25 17:24:00 -
[5]
Originally by: Grozen You need isk and brain.
I got brain, I turned 10 mil into about 50 mil nav...
Originally by: PinkFish Buy one unit from every order and see if it's really a bunch of sellers or just one seller with lots of orders up.
Well, whether it's one or many, I am bummed that a bunch of orders are on my bandwagon, I bought up all of the low price stock and took the risk, I got most of it sold, now I have to play the one cent games or get nasty and go to about my buy price and hope they come down with me, and buy up their stock. Maybe Kenny Rodgers knew something about when to hold them and when to fold them, konw when to walk away and know when to run.
Originally by: Antiquarian But when I manipulate my market, I use up to 5 trading alts at the same time, to mask my movement :(
So more accounts is the answer? Does your competition have a harder time of it if they know it's all one person or not?
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Yiulian
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Posted - 2010.05.25 19:08:00 -
[6]
50M?
You're not going to corner much market with 50M my friend.
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SencneS
Rebellion Against Big Irreversible Dinks
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Posted - 2010.05.25 19:27:00 -
[7]
Originally by: Yiulian 50M?
You're not going to corner much market with 50M my friend.
He could corner something like Wasps... Either way, 50mil is not much. To deal with others you have to do the following.
Make the margins so unattractive for everyone else that they stay out, but make it large enough in order for you to turn a profit. Pray that no nubs with the attitude, "The minerals I mine I got for free" come along.
Amarr for Life |
Noonesoski
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Posted - 2010.05.25 19:42:00 -
[8]
Originally by: SencneS
Originally by: Yiulian 50M?
You're not going to corner much market with 50M my friend.
He could corner something like Wasps... Either way, 50mil is not much. To deal with others you have to do the following.
Make the margins so unattractive for everyone else that they stay out, but make it large enough in order for you to turn a profit. Pray that no nubs with the attitude, "The minerals I mine I got for free" come along.
Thank you, but what if I am selling way over mineral cost? Plus, I am not manufacturing, just buying low and selling high. It took a few days to set it up and now it's crap cause others are honing in on my action. I'm going to try the lemming game and see if anyone goes down on me...err...with me.
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Estel Arador
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Posted - 2010.05.25 20:22:00 -
[9]
Originally by: PinkFish Buy one unit from every order and see if it's really a bunch of sellers or just one seller with lots of orders up.
Are you trolling? This is perfect troll material but you do seem to be serious. What should I do? Take the bait or not? I'm torn!
Free jumpclone service|1092 stations! |
Grozen
Caldari Titan Core
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Posted - 2010.05.25 20:24:00 -
[10]
Edited by: Grozen on 25/05/2010 20:25:55 when others are able to break your hold over the item its not manipulation anymore, this is why large amounts of cash are needed for any good manipulation. knowledge is power |
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Yiulian
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Posted - 2010.05.25 20:35:00 -
[11]
Originally by: SencneS
Originally by: Yiulian 50M?
You're not going to corner much market with 50M my friend.
He could corner something like Wasps... Either way, 50mil is not much.
What I basically meant is what Grozen said. Sure, you'll be able to buy out a few sell orders and relist and 'corner' the market, but you're not going to be able to hold onto it if someone with even a small bankroll comes along and decides to move in on your market.
Especially since I'm assuming not all of the NAV is invested in one item.
Personally I wouldn't worry about trying to manipulate yet until you have substantially more, even if you're in a more quiet system with lower volume.
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Noonesoski
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Posted - 2010.05.25 20:39:00 -
[12]
Well, I have run the numbers and I have actually made profit so far, so I am going to sell the rest of my inventory close to the buy orders and either clear them out and lower the average, or buy up the matchers. I also went into another item, I bought every piece in the region and relisted. I am in Jita, if that helps
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Yiulian
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Posted - 2010.05.25 21:28:00 -
[13]
Originally by: Noonesoski Well, I have run the numbers and I have actually made profit so far, so I am going to sell the rest of my inventory close to the buy orders and either clear them out and lower the average, or buy up the matchers. I also went into another item, I bought every piece in the region and relisted. I am in Jita, if that helps
Probably doesn't help you :)
Jita is the big boy's playground. I'd be very careful with trying to manipulate there for now.
Seriously, you can turn that 50m into 500m in a week or two just trading with small risk, why take the risk?
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EvilCheez
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Posted - 2010.05.25 22:36:00 -
[14]
Unless you have some special insight into the market and a lot of cash, don't be greedy and try to corner several days worth of volume. Just get in and out quick and find another to do it again.
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Noonesoski
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Posted - 2010.05.25 23:31:00 -
[15]
Originally by: EvilCheez Unless you have some special insight into the market and a lot of cash, don't be greedy and try to corner several days worth of volume. Just get in and out quick and find another to do it again.
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PinkFish
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Posted - 2010.05.26 13:41:00 -
[16]
Originally by: Estel Arador
Originally by: PinkFish Buy one unit from every order and see if it's really a bunch of sellers or just one seller with lots of orders up.
Are you trolling? This is perfect troll material but you do seem to be serious. What should I do? Take the bait or not? I'm torn!
Yeah, straight-faced trolls are the best ones. I just like how it took so long for anyone to notice how flawed my comment was.
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Noonesoski
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Posted - 2010.05.29 13:24:00 -
[17]
Would y'all be upset with me if i have made profit on what i have bought low, with let's say, selling half the product, and consider the rest I bought free and really mess around with the market?
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