You just inspired me to update all my orders. I'll let you guess how much I updated them by.

.01 isk?

this is so stupid i cant even...

Can the person currently engaged in 0.01 chicanery against my orders in Amarr please cease and desist. It's no longer funny...

Oh...

I've just realise half the time I've been 0.01isk against my own orders.

Hahaha.

Go into market settings... "highlight my orders" :p

More like...

"Who is this bastard that keeps cutting me.. oh, I know, I will buy one and find out." *buys one*

"Wait, why does my transaction journal show that I bought something from mys... oh damn."

Go into market settings... "highlight my orders" :p

I love the brainless .01 isk idiots. They make trading so easy and profitable.

Would love to hear how you "defeat" these brainless idiots :)

I expect it's quite simple:

Drag the price down with lots of low bids, then buy all the stock.
Sell stock at other hub.
Profit!

I'll give you a hint; razor sharp margins and a huge number of trades. No need to sell at other hubs.

Don't play the .01 ISK game. It's just stupid.

I bet you would.

As i thought, big words with nothing to back them ;)
If we talk seriously, i dont see anything more profitable then .01 rapidly. Im talking station trading only, sure theres other methods, but nothing better then this over time if you focus station only.
If we take the exact number of trades and do your "razor sharp" margins against .01 fight. After a year .01 will have more isk.
What do you think?

The market needs 0.01 iskers otherwise you'd have a market place full of people 'winning' with their razor thin margins.

You can knock us 0.01 iskers all you like but the truth is your trading style only works because we exist, because without us you couldn't trade as you do, but without you we 0.01 iskers would make ever more profit.

Fly safe. o7

That trading style works because people generally won't sell goods below buying price. Accepting thinner margins and under-/over-cutting the competition will get you more sales, regardless whether the other guy is 0.01 isking or not.

Granted, if even a fraction of those 0.01 iskers set out to do arbitrage trading beyond their own station, competition would be a lot stiffer. But as a whole, 0.01 iskers provide no real service to the market.

0.01 isking certainly requires the least intellectual effort. I guess that actually does make it the best trading style for the majority of players.

Time (and minerals) is free, after all.

0.01 isking certainly requires the least intellectual effort. I guess that actually does make it the best trading style for the majority of players.

Time (and minerals) is free, after all.

If you will call eve players stupid, you take away the term we use to describe other mmos players.
So now we need to find a new way to call wow players, can we agree on "degenerate monkeys"? :D

Can the person currently engaged in 0.01 chicanery against my orders in Amarr please cease and desist. It's no longer funny.


Thanks.

What do you think?

I think anyone that has worked in sales and distribution will tell you that high turnover is easier and more valuable than high margin.

My point exactly...so keep calm and .01 zerg every 5 minutes

I think anyone that has worked in sales and distribution will tell you that high turnover is easier and more valuable than high margin.

As i thought, big words with nothing to back them ;)
If we talk seriously, i dont see anything more profitable then .01 rapidly. Im talking station trading only, sure theres other methods, but nothing better then this over time if you focus station only.
If we take the exact number of trades and do your "razor sharp" margins against .01 fight. After a year .01 will have more isk.
What do you think?

But why would you do that? Sit in one station all the time and adjust orders by .01 ISK? That sounds about as fun as solitaire. Actually, solitaire sounds like more fun. Get out and do something fun!

But but i thought defenetion of fun is subjective

Anyway, i update orders 3 times a day- morning, return from work, and before sleep - netting 1 plex in 24 hours. On weekends i update a bit more. Rest of the time i spent on my other chars...

What happened to ".01 zerg every 5 minutes"? That's not updating orders 3 times a day, that's updating them 12 times an hour.

And .01 ISK wars are high margin, not low margin, since the attempt is to outbid by as little as possible, thus preserving the biggest margin possible. I think you missed his point entirely.


But, yeah, the definition of fun is subjective. And if you sit in a station updating orders every five minutes for your EVE career, I do not understand your definition of fun.

Read again, he had no point, only claiming .01 isk is stupid, which was fully discussed
From several angles and to my opinion is wrong.
Mind that all the descussion here is mostly theoretical, so my claim of 0.01 every 5min is as such. What i personally do could be completely different yet im going to defend the .01 tactic anyways..

As for fun, you dont need to understand it, you cant, not until you try

You read it again. He did have a point that he alluded to and you missed it completely. I don't think you understand it from your reply of "my point exactly" since it was not your point at all. No, he didn't tell you exactly what his point was. Nor should he. It's not good business to let everyone know everything.

Personally I don't trade because it's fun, because it's not. I trade because noone ever made their billions by shooting rats.

My point exactly...so keep calm and .01 zerg every 5 minutes

Done arguing about who said what and who understood who and how, its childish, leads nowhere, offtopic, grow. Let the speaker defend his point, he sure doesnt need your help, nor can you claim to understand what he said anymore then me.

See, its stupid, i was referring to a different post

Now that i know what we talk about, i have to tely shortly;
I was talking about the 0.01 process of mantaining 1 buy order at the top of the list, fullfiling it, then resseling at 0.01 isk lower then lowest sell order.
Thats not high turnover? Thats not ".01 isk war"??

Not if it takes you a long time to fill the order and then sell it. If it takes six months, that would be a low turnover.

Determining low and high turnover is entirely relative to the market. If you sell something in 6 months in a market where the turn over is once every 12 months, then that is a high turnover for that market. Likewise if you sell 1000 zydrine in an hour, that is an extremely low turnover for that one particular market. 0.01 trading will get you the highest turnover for your market, but will unlikely give you high margins for that market.

I'm sure you know what I meant when I threw the six month figure in there. Your ISK is sitting there for a long time relative to the rest of the market. .01 trading does not get you the highest turnover for your market, it gets you the lowest turnover, since you're practically inviting someone to outbid you. Updating them as quickly as possible after someone that outbids you is what gets you high turnover if you .01 ISK trade.

No, I don't understand what you mean because saying that something is low turnover if it takes six months to sell is completely meaningless without a market context. Let me reiterate this, if your strategy allows you to sell more units per hour/week/month/whatever than the average trader in that market, then you are getting a high turnover. The only way to ensure you get the highest possible turnover is to constantly change your price so that it is, at least for a good portion of the time, the best price on the market. This yields the highest possible volume in trade, but the margins are typically very thin in comparison to a true high margin strategy which does not rely on giving customers the best value, but affords them some other convenience.

So you split it, you say that there is:
1. .01 isk war on an item that has low turnover- eg 6 months.
2. .01 isk war on an item that has high turnover - maybe seconds, eg PLEX.

I tell you, that when i say "zerg" or ".01 isk war" i am, and most, players, refer to a high turnover items.
Hard for me to even imagin an item with 6 months turn over that has isk war on it, the demand increases and so the supply follows.
So when he said highturnover, i replied with "zerg on" :)

OK, that's enough economics. As long as you maintain this point-of-view, you will not understand the value of his statement "I think anyone that has worked in sales and distribution will tell you that high turnover is easier and more valuable than high margin."

There is no value to that statement because what is 'easier' for someone may not be easier for another person. Arbitrage trading for example is easy for some, but some people find that extremely boring. More to the point, if you have found a business that makes you good money and is easy for you, then you should continue to do that. That's what you're in this for, right? I think I'll ignore the bad subjective opinions on what is easy and not easy, and continue making actual money.

if you don't like the statement as it is, then you can replace 'easier' with 'requires less effort'. Hope that helps.

How does this change the statement? What is less effort for some is a lot of effort for others. Hope This Helps.

My advice is to not neglect an important part of your currently profitable business because of some silly smug attitude about what is effort and what isn't. Effort is not between you and the forums, it's between you and you.

True Sansha Armor Reps in Jita seem to have idiots updating their buy orders every few minutes, despite those things only selling a few times a day for 10mill profit.

Are you telling me few times a day isnt high turnover, in jita, compared to the other 8500 items?

I'm saying for the volume at which that item sells, and the low profit margin for that volume, that item seems to have a particularly high amount of competition for reasons which I cannot figure out.

Ill try explaining because im one of the idiots buying this item. (OMG he reveals his items! )
I find it high turnover enough for my taste, and low risk as well.

If i manage to buy me several of those a day i net 10mil you say? Multiply it by the amount of max buy orders i keep - around 150. I will net roughly more then a bil..for such a low risk and decent profit i agree to update my orders a"lot".
Looks like other players/bots found out about as well :)

There's only so much volume of an item in a market per day, multiplying the amount of buy orders you have won't necessarily multiply the profit. I guess it's just that 10mill/day on a single item seems very low, even for a newbie trader. Whether you want to trade in that item is up to you though, I just don't do it because I don't think it's worth the time when there are thousands of other more fast flowing and higher margins on the market with less competition IMO.