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Guilty Man
Minmatar
Guilty People
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Posted - 2010.06.10 08:19:00 -
[1]
Yes, I know it has been discussed zillion of times, but I want to understand why setting "any" price is better than "slotted" price?
It could be fixed price step at which you can set buy or sell order. Let's say the step is 1% rounded down so if you want to sell some stuff at ~30 mil, that means the price can be set at 30,000,000 or 29,800,000 or 30,300,000
If someone wants to compete with your 29,800,000 sell order, then he can either set 29,800,000 also (and enter the queue) or set order at 29,600,000.
Such change would make trading more comfortable (less clicks per trade session) and it could be possible to make nice UI improvement, when you don't need enter full price (like now 29,799,999.99), but simply hit down arrow which automatically suggest price of 29,600,000
Currently, similar behavior has trit market, because 0.01isk is a significant change there. I enjoy trading trit, but I would also like to see same behavior at other markets.
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Guilty Man
Minmatar
Guilty People
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Posted - 2010.06.10 09:00:00 -
[2]
 Originally by: Guilliman R
Any higher undercutting just completly destroys the profits. So No I like to keep the 0.01isk cuts.
So, don't undercut, just enter the queue at current price. The thing is: everyone wants to be first, it leads to constant order checking and undercutting. Now, the trading is just dumb clicking. You don't need to analyse and think - just click and undercut. The real trading is when you start thinking. Try trading trit at high volumes (10-15 bil/day) and you will see what I mean. Smart traders would start making more profits, dumb clickers would lose. It is all about Quality vs Quantity. Currently Quantity wins.
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Guilty Man
Minmatar
Guilty People
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Posted - 2010.06.10 10:50:00 -
[3]
Edited by: Guilty Man on 10/06/2010 10:55:36
Originally by: Wolfster
Try trading something besides trit - say Abbadons. See how that goes for you. When you raise price by 1% on 120 mil ship.
I traded Abbadons also and in certain situations I raised price by 1% or more (but mostly I _had_ to use 0.01 undercuts) and you know what? I had less profit with undercuts! Because "lifetime" of the order is much bigger with % change than with 0.01 undercut (in average) and the more time you "stay on top", the more you buy/sell. Small buy/sell margins result in bigger turnovers and huge margins result in rare transactions (-> less profit in general).
Just calculate the probability of the "SELL event" within 1 hour using undercut strategy and using % change strategy (assuming that you can don't change price). Yes, you lose profit in single transaction, but instead you gain more transactions and less clicks.
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Guilty Man
Minmatar
Guilty People
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Posted - 2010.06.10 14:05:00 -
[4]
Originally by: Regis Nex
We love 0.01 isking, its where the fun is + grieving other sellers/buyers into submission.
0.01 isking is very tempting for macro abuse, just create 10 orders and flip every 30 seconds
would it be fun for you? or you would just move the price?
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Guilty Man
Minmatar
Guilty People
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Posted - 2010.06.11 08:23:00 -
[5]
The objective of .01 isk gamer is not to change his order price, but to bring his order on top. You cannot play such games on low priced goods. That means, the market mechanics is used on something that is not supposed to. Actually, if devs would mean it by design then the should be a button "bring my order on top" thus allowing 0.00 isk games (queue games). Since, there is no such button then I call it exploit.
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Guilty Man
Minmatar
Guilty People
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Posted - 2010.06.11 17:46:00 -
[6]
Originally by: Darthion Illys
Increase the duration between modifying orders
I would vote with all my 9000 alts!
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