Zanar Skwigelf
Boa Innovations Brothers of Tangra
78
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Posted - 2017.03.01 17:08:43 -
[3] - Quote
1 big difference between eve online and IRL trading is that the markets have their own "behavior" if you will. For example, the S&P 500 generally has an upward bias to its movement, meaning that it is a higher percentage play to daytrade ES with a long bias instead of a short bias.
Different trading markets have their own behavior, from commodities that can be highly seasonal, or forex pairs that are based on political standing and general friendship of the 2 countries in question.
The EVE online markets have their own behavior completely independent from IRL markets (obviously), and upward and downward biases can vary from item to item.
Another main difference (as mentioned above) is that EVE online is a commodity exchange, instead of an option exchange. The quantity of items in an EVE market changes wildly all the time because of ship destruction and overproduction, something that doesn't happen with IRL stock.
Also, a lot of markets use First In, First Out order placement, meaning that while you can still cut in line by .01'ing, its more about how fast you can get your order in, and letting the price be what it is (depends on the strategy). 0.01'ing is similar to FIFO, but gives you far more control about where you are in line, whereas IRL you are generally blind to your placement in line.
Finally, and most importantly, is the speed at which daytrading moves. While daytrading can be any speed you want it to be, you will find that opportunities and buy prices will present themselves and disappear in an instant, whereas EVE (with the exception of maybe the PLEX market) moves at a much more manageable pace. I have never felt rushed while station trading in EVE (although I have very limited experience with it), but with daytrading I always need to be focused and quick acting.
Can you make money daytrading using EVE station trading techniques? yea, probably. But saying "this is easy, I station traded up to a billion isk in no time at all" and heading over to IRL trading with the assumption the market behaves like EVE is a fantastic way to lose money. |