I do this to troll all the 0.01 iskers. I don't care about the money I lose, I like the feeling that knowing that others are whining in private (and some take it public).

I observed something on the market recently and im not sure if its an advanced trading tactic or just people being stupid.

Dodixie saw a price spike for nanite paste, the price went up to 39000 and i started selling everything i had. At first the competition was reasonable and everyone was modifying the price by 0,1 isk to be on top and there isnt that many orders so everything was civilized. Then at some point people started lowering the price drastically from 39000 to 35000 to 27000 and now 24 hours later its down to 20000 with about 10 people competing.

My question is why would you do this? why cant you just wait your turn like everyone else? Why ruin the price for yourself and all the other competitors, you wont sell any faster cos the price is still ok for me and im gonna lower it by 0.1, all you did was ruin the price.

No one is wining, you just crash the price. You didnt stop anyone from selling, the price is still higher then in other trade hubs. No tears were harvested.

24 hours later its down to 20000 with about 10 people competing.

The one lowering the price was probably not hoping for that result. In some cases you can shed some competitors. Maybe it did not work for him in this particular situation, but in others it might.

It is like a poker game. You make some moves, like betting with a draw, that in some outcomes leads to your own ruin, but if it is the profitable thing to do in enough outcomes, then it is what you should do.

Other recent thread.

[quote=Cista2][quote=Don Pera Saissore] I thought you did not do profitable.

Oh look I have a new baby stalker :)

Everybody always seeks to do the most profitable for themselves in the long run. But unless you can actually update your orders every 5 minutes almost 24 hours per day, 0.01 isking each item is often not the most profitable for you. And it wouldn't always be the best thing to do even if you could.

If price is tak+¡ng a downswing before you can turn over your stock, 0.01 isking will be a losing strategy. That's a prisoner's dilemma, depending on the behaviour of the competition.
In other cases, you try to shake off competition by drastically reducing sell price, again speculating in the behaviour of others.

You don't want to hold the bag 0.01 isking when the money can be used better elsewhere.

Everybody always seeks to do the most profitable for themselves in the long run. But unless you can actually update your orders every 5 minutes almost 24 hours per day, 0.01 isking each item is often not the most profitable for you. And it wouldn't always be the best thing to do even if you could.

If price is tak+¡ng a downswing before you can turn over your stock, 0.01 isking will be a losing strategy. That's a prisoner's dilemma, depending on the behaviour of the competition.
In other cases, you try to shake off competition by drastically reducing sell price, again speculating in the behaviour of others.

You don't want to hold the bag 0.01 isking when the money can be used better elsewhere.

(I also on occasion buy from more expensive orders for the same reason if I can tell they aren't actively competing by .01 isk, I mean they end up costing less than a million more and that's insignificant)

Just wanted to interject, umm how are you doing that?

You poo-pooed the idea of profit maximization, but then you write this, "Everybody always seeks to do the most profitable for themselves in the long run."

If I'm playing the 0.1 game on the market and you drop the price by a larger amount, guess what.. we just -0.1 that price and carry on as usual.

I was giving you the benefit of the doubt, but can you really not fathom the difference between maximising the profit per unit on the item that you are currently selling, and selling it for a lower price when that is the most profitable for you in the long run?.

By now I fully expect you to not even try and understand what I have just written and just answer with some attempted insult and another eyeroll icon. You won't get me to repeat myself even more times though, as I am putting you on ignore now :)

Sure someone is "winning". All those people buying at a lower price than they otherwise would have bought at.

Yeah, people are winning but most of them are people like you "Waaaa he 0.01 ISK'ed me!!!1!!!!"

I don't trade, so whatever.