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Zeta Zhul
Caldari
Preemptive Paranoia
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Posted - 2011.03.21 18:16:00 -
[31]
 Originally by: Yime Nsokyi
Blimey that's more than i expected to be honest!
I take it the people that aren't updating for days/weeks at a time aren't based in the market hubs?
You just have to know your markets. Once you've been trading for some time you'll learn how the markets work in your preferred areas. Which orders need more attention, which don't. You'll also learn the cyclical nature of many markets where chasing after the lowest sell price or the highest buy price may or may not get you anywhere.
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Michael J Fox
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Posted - 2011.03.22 00:34:00 -
[32]
over 9000
right? RIGHT?
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Misty McGinnity
Mystify Trading Company
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Posted - 2011.03.22 01:40:00 -
[33]
Originally by: Michael J Fox
over 9000
right? RIGHT?
put some effort in teenwolf jesus. 
88 would have been a better response.
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Confuzer
Volition Cult
-Mostly Harmless-
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Posted - 2011.03.22 09:26:00 -
[34]
meh I was wrong... played to much minecraft lately and the orders dried up a bit:
Total isk in 1862 orders: 384.240.708.158
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Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Shadroch
Gallente
Todespropheten
Cloud 7 Nebulosa
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Posted - 2011.03.22 11:05:00 -
[35]
I have about 400 Orders
I am updating all orders about once a week and 5-10 orders daily.
at the beginning i did it more often. but now I am lazy.
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Zesoft
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Posted - 2011.03.22 13:35:00 -
[36]
3 to 5 buy orders
No sell orders :D :D
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SirHarryPierce
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Posted - 2011.03.22 19:45:00 -
[37]
About 120 orders, updated each 90 days.
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Fred Barbossa
Dell Inc.
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Posted - 2011.03.22 21:25:00 -
[38]
100-200 orders, maybe 30 of them are sell orders. All in a hub and most only get updated 1-2 times a week.
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Yime Nsokyi
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Posted - 2011.03.23 09:01:00 -
[39]
So it would appear from the responses so far that not many people update their orders daily and some even let them expire at the starting value with no tweaking!
This was a suprise for me as I have been trying to update twice per day and still find that my orders are being undercut/overcut in the hub i'm based in. I suppose it's down to competition on the particular item... (and so far i've only really traded with T1 ships and implants)
Yime
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Samroski
Games Inc.
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Posted - 2011.03.23 14:40:00 -
[40]
Originally by: Yime Nsokyi
So it would appear from the responses so far that not many people update their orders daily and some even let them expire at the starting value with no tweaking!
Yime
Once I got past the first few billion, making money became more difficult.
I started investing in long term orders that need little maintenance. This has got to a stage where I let all my orders expire without updating. I could update some of these after 90 days, but my operation is such that it is better for me to set up new orders.
The large number of total orders makes this profitable. With relatively little input- one weekend a month. Leaves me lots of time (and money) to enjoy other aspects of Eve.
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SencneS
Rebellion Against Big Irreversible Dinks
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Posted - 2011.03.23 16:33:00 -
[41]
I'm a long term place the order and forget it as well. I might adjust the price of an item if I see a patch note that effects what I'm selling.
I am however more active on buy orders. Since I primary manufacture items to sell, I want the materials as cheap as possible, so I maintain about 15-20 buy orders and adjust them. But once the product is made, I set a price, place it and forget it. So maybe 5 Sell orders.
When I do go heavy trading though I maintain about 200 orders, adjusting price once every day or two, never really letting the margin get too far away from my item. Sometimes I'll sit and camp a particular item I either just want to get rid of or there is an incredible profit in it at the time, but that's considerably rare.
Amarr for Life |
Zeta Zhul
Caldari
Preemptive Paranoia
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Posted - 2011.03.23 20:46:00 -
[42]
Originally by: Samroski
Originally by: Yime Nsokyi
So it would appear from the responses so far that not many people update their orders daily and some even let them expire at the starting value with no tweaking!
Yime
Once I got past the first few billion, making money became more difficult.
I started investing in long term orders that need little maintenance. This has got to a stage where I let all my orders expire without updating. I could update some of these after 90 days, but my operation is such that it is better for me to set up new orders.
The large number of total orders makes this profitable. With relatively little input- one weekend a month. Leaves me lots of time (and money) to enjoy other aspects of Eve.
Can I point out that this is a very odd way of doing things?
So you're letting a 90 day market order simply expire instead of updating it? You do realize that you're paying broker fees over and over and over again. And completely unnecessarily too right?
*shrug* all you have to do is prior to the market order expiring just modify the order, raise/lower the price by 0.01 isk and the clock on the market order resets for the simple cost of 100 isk. And that applies if the market order is for 1,000 isk, 1,000,000 isk or 500mil isk. If you lower the price the cost is 100 isk. If you raise the price then the broker fee calculation comes into play ... unless the number is so low as to be disregarded by the system.
So if you simply raise/lower the price by 0.01 isk once every 89 days 23 hours you can keep a single market order going unless the entire amount remaining is either filled (buy order) or sold (sell order).
Seriously here. How much excess broker fees are you paying doing things like this? 
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TipsyMcStagger
Caldari
Spruillo WarDec Corp
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Posted - 2011.03.24 01:07:00 -
[43]
Originally by: clixoras
people are so obsessed with updating orders. Here's a little story, i quit trading (the updating part got the better of me). Tried to sell 30b+ of stuff. Put up sell orders, didn't log in for more than a month and the stuff was gone at the end anyway.
Just watch the cyclical movement and base your price according.
I call b.s.
Depends on the stuff and where it is I have taken well over a month to move faction ships when I abandoned orders in jita, still have a stack of mission related t2 in another minor hub(motsu) was competitive when I left and orders ready to expire from 87 days, and over the past year have canceled plenty of orders well over a month old buys and sells.
There's exceptions to everything but bottom line is people who keep on top of their game and put lots of effort in are most successful. Just not what ppl want to hear.
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Samroski
Games Inc.
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Posted - 2011.03.24 07:26:00 -
[44]
Originally by: Zeta Zhul
Originally by: Samroski
Originally by: Yime Nsokyi
So it would appear from the responses so far that not many people update their orders daily and some even let them expire at the starting value with no tweaking!
Yime
Once I got past the first few billion, making money became more difficult.
I started investing in long term orders that need little maintenance. This has got to a stage where I let all my orders expire without updating. I could update some of these after 90 days, but my operation is such that it is better for me to set up new orders.
The large number of total orders makes this profitable. With relatively little input- one weekend a month. Leaves me lots of time (and money) to enjoy other aspects of Eve.
Can I point out that this is a very odd way of doing things?
So you're letting a 90 day market order simply expire instead of updating it? You do realize that you're paying broker fees over and over and over again. And completely unnecessarily too right?
*shrug* all you have to do is prior to the market order expiring just modify the order, raise/lower the price by 0.01 isk and the clock on the market order resets for the simple cost of 100 isk. And that applies if the market order is for 1,000 isk, 1,000,000 isk or 500mil isk. If you lower the price the cost is 100 isk. If you raise the price then the broker fee calculation comes into play ... unless the number is so low as to be disregarded by the system.
So if you simply raise/lower the price by 0.01 isk once every 89 days 23 hours you can keep a single market order going unless the entire amount remaining is either filled (buy order) or sold (sell order).
Seriously here. How much excess broker fees are you paying doing things like this?
I totally understand that my way is odd, and that I am paying extra fees. And I know that in about 10% of my orders I would greatly benefit from updating them.
But the nature and scale of my operation (7 accounts, >3000 orders) is such, and my distaste of updating is so strong, that I prefer to set up new orders. Gives me 28 days a month to have fun, with 2 spent on making money.
I could reveal more details on the nature of my trading, which would further explain my "odd" behaviour, but I am sure you understand why I am not :)
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Malcorian Vandsteidt
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Posted - 2011.03.24 08:26:00 -
[45]
Edited by: Malcorian Vandsteidt on 24/03/2011 08:35:45
I average about 4 orders on 4 different products and each bring me about 200 Mil profit an order. But the trade off is they take a few hours to sell. And I half ass around most the time.
Find something you like and trade in it. There is no perfect item. And everything is valuable to someone.
Persoanlly I update my orders based on the Number of units ahead ort in front of me and the flow of the Market on that item. if the flow is high and someone puts something in front of me I simply let it go.
If someone attempts to crash the amrket by repeatedly putting an order 5-10 ISK lower then everyone else.. I simply wait till it gets -15 Margin and Buy them out, Leaving them with a huge loss and me with a huge profit on resale.
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Comor Dunathis
Caldari Provisions
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Posted - 2011.03.24 09:39:00 -
[46]
Nice post MV. We all know you buy bc/bs for 10-15% under Jita price. We also know you're trying to scam people out of 25b for your "corp", and we know that there's a great item to trade in called technetium.
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Kaivar Lancer
General Exports
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Posted - 2011.03.25 05:18:00 -
[47]
Edited by: Kaivar Lancer on 25/03/2011 05:23:58
Originally by: Malcorian Vandsteidt
Edited by: Malcorian Vandsteidt on 24/03/2011 08:37:07
Edited by: Malcorian Vandsteidt on 24/03/2011 08:35:45
I average about 4 orders on 4 different products and each bring me about 200 Mil profit an order. But the trade off is they take a few hours to sell.
4 x 200m x 12 = 9600m
So you make up to 9.6b a day? 
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Hieronimus Rex
Minmatar
Infinitus Sapientia
New Eden Research.
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Posted - 2011.03.25 05:39:00 -
[48]
Originally by: Kaivar Lancer
Edited by: Kaivar Lancer on 25/03/2011 05:23:58
Originally by: Malcorian Vandsteidt
Edited by: Malcorian Vandsteidt on 24/03/2011 08:37:07
Edited by: Malcorian Vandsteidt on 24/03/2011 08:35:45
I average about 4 orders on 4 different products and each bring me about 200 Mil profit an order. But the trade off is they take a few hours to sell.
4 x 200m x 12 = 9600m
So you make up to 9.6b a day?
You'd think MDers would realize their math sucks, but i guess this isn't S&I.
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Kaivar Lancer
General Exports
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Posted - 2011.03.25 05:49:00 -
[49]
Originally by: Hieronimus Rex
You'd think MDers would realize their math sucks, but i guess this isn't S&I.
IDK, my maths seems right. MV states he has four orders, he makes 200m per order, and it takes two hours to complete those orders (there are 12 two-hour slots per day).
4 x 200m x 12 = 9600m or 9.6b daily profit
Which is nice.
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Malcorian Vandsteidt
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Posted - 2011.03.25 08:02:00 -
[50]
Originally by: Comor Dunathis
Nice post MV. We all know you buy bc/bs for 10-15% under Jita price. We also know you're trying to scam people out of 25b for your "corp", and we know that there's a great item to trade in called technetium.
Legitimate Business is always a scam.
So my clients receiving 17%-35% Profit on their Investments must be one hell of a scam.
At some point.. You must realize that a scam eventually ends, where real business continues.
Well see what you think in a year.
I do agree that perhaps 25B was a lot, But it also wasn't what I was asking for. it was simply the total # of shares I was willing to sell at the IPO release, which by the way.. All of them Sold. Just FYI. And I am obviously still active and haven't ran off with anyone's ISK.
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Malcorian Vandsteidt
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Posted - 2011.03.25 08:05:00 -
[51]
Originally by: Kaivar Lancer
Edited by: Kaivar Lancer on 25/03/2011 05:23:58
Originally by: Malcorian Vandsteidt
Edited by: Malcorian Vandsteidt on 24/03/2011 08:37:07
Edited by: Malcorian Vandsteidt on 24/03/2011 08:35:45
I average about 4 orders on 4 different products and each bring me about 200 Mil profit an order. But the trade off is they take a few hours to sell.
4 x 200m x 12 = 9600m
So you make up to 9.6b a day?
If I did it for 12 hours straight maybe.. But that's nuts. No currently I make about 200-1.5 bill a day depending on what I'm doing and whether I feel like staring at the market or not.
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Loraine Gess
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Posted - 2011.03.25 10:05:00 -
[52]
Originally by: Malcorian Vandsteidt
Originally by: Comor Dunathis
Nice post MV. We all know you buy bc/bs for 10-15% under Jita price. We also know you're trying to scam people out of 25b for your "corp", and we know that there's a great item to trade in called technetium.
Legitimate Business is always a scam.
So my clients receiving 17%-35% Profit on their Investments must be one hell of a scam.
At some point.. You must realize that a scam eventually ends, where real business continues.
Well see what you think in a year.
I do agree that perhaps 25B was a lot, But it also wasn't what I was asking for. it was simply the total # of shares I was willing to sell at the IPO release, which by the way.. All of them Sold. Just FYI. And I am obviously still active and haven't ran off with anyone's ISK.
Can you name an investor? Any investor? Show us who magically purchased your shares without going through MD where they can sully your name when you take the money and run (or as you put it, retire).
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