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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.29 23:39:00 -
[1]
Edited by: Princess Trinity on 29/05/2007 23:38:37
I tried market manipulation on a very large scale today, I will let everyone know how it paid off tomorrow.
I will say nothing else to make sure no one knows what I am talking about until everything is all set and done.
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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.29 23:49:00 -
[2]
trust me, tomorrows follow up will be worth it.
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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.30 09:35:00 -
[3]
 Originally by: SiJira
if it was you buying up all my kestrels in jita with 450 000 000 orders up instead then thank you very much
i noticed no idiots were stupid enough to buy from you and some people didnt have to go with another ship and bought my orders when they were up
nope nothing to do with kestrels.
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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.31 00:22:00 -
[4]
Edited by: Princess Trinity on 31/05/2007 00:22:40
Ok, this is what I did and it failed MISERABLY
I noticed in the Forge there were some HACS and CS's in low supply but high demand.
I bought up EVERY single EAGLE and ASTARTE and put them back at older prices.
I was hoping peoples laziness but mainly lack of paying attention would lead them to buy out my supply and yield me a decent profit.
Worst came to worst I figured I would resell and break even.
Eagles at first I added about 50% and Astartes I added about 20%
Up until this morning its was going slow but ok, 2 Eagles sold and 2 Astarte's/
The problem is more people noticed than I thought would. Buying a Eagle for 97 mil compared to 65 mil.
Then competition started up, people started undercutting me and I did the same, this went on for a few hours until I realized I was going to take a loss.
I did notice one thing , The high sell orders had a slight affect on the Buy orders.
The buy orders went from 52 mil highest to 56 Mil highest.
My worst case break even scenario didn't work well because of 4 factors.
1. I paid higher than usual for a few of the Ships.
2. There was a lack of buy orders for me to cash in.
3. Impatience- I needed more liquid ISK and I couldnt wait for them to resell at normal Price.
4. HUMAN ERROR- I was so damn busy frantically modifying Sell orders, I made a very costly Mistake, I also had maintenance in my house putting in a new air conditioner, and I was sweating badly so I wasn't 100% focused.
I wanted to make the Eagles 69,000,000 Million isk each.
I pressed accept not paying full attention.
When my order didn't show up I knew right away I screwed up big time.
I looked at my wallet to comfirm the damage done, there is was 6 Eagles sold to 3 different people for 69 ISK each.
I lost about 1 Billion isk through this experiment through personal error and taking losses reselling.
However I did learn some things.
1. One single person cannot Manipulate a Trade Hubs market, even for a short time.
2. Modifying a order doesn't have a confirm Box, I will pay more attention next time.
3. Think my investments though a bit more next time.
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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.31 11:18:00 -
[5]
@ Ricdic, I did actually try to make people think there was a average price.
I put up in Niyabanien and Jita about 30 Ships into about 8 Sell Orders
4 at a time 7 at a time some 3's and mostly 1's and 2's
Bout me being impatient, Yup I am extremely impatient, thats why I may stick to reselling.
Also the reason I took the loss of quickselling, if I lets say had 100 Billion compared to 4 Billion, I could afford to keep that ISK Non Liquid
But I left myself with almost mo liquid isk for more investing.
I figured cashing in with a loss would be better than waiting a few days, I can make the isk back faster in the long run by working with liquid funds.
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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.31 17:44:00 -
[6]
Originally by: Shadarle
Edited by: Shadarle on 31/05/2007 17:32:56
When someone resorts to scamming and then wonders why people dislike them they generally aren't the brightest bulb. It isn't surprising the same person would lose money trying to manipulate the market only to pull out because they are scared.
All these posts telling PT how to have done it right are worthless, PT will just resort to some sort of scam now that he knows he can't make money trading.
I just almost fell out of my chair reading this. Where the hell are you living Mars?
I already made my ISK back I lost, I RIGHT NOW have near 5 BILLION ISK of assets and ISK.
I really suck at trading 
and I did it legit, reseold a officer smartbomb making nearly 1 BIl profit....
Give it 10 minutes after this post..
Im bout to put a insane thread in the Sell order Section 
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Princess Trinity
Astro Tech N Trade
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Posted - 2007.05.31 18:21:00 -
[7]
yeah that sucked big time :P
I didnt even bother asking anyone for them back, I was too ashamed.
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