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Sethi3
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Posted - 2008.07.17 16:30:00 -
[1]
I'll be dead honest here, I still consider myself a noob when it comes to trading. I'm still learning the ropes here so please bare with me.
I have a question on quantities of items that you put on sale on the market of a certain item. For example, the quantity of Small Armor Repairer you put on sale.
I personally have found out that putting out a large amount of quantity of an item is not necessarily a good thing as you would need to adjust your prices almost everyday and that you would lose out in broker fees and transaction fees (btw, I don't have any trading skills except trade I and retail I) especially if the items you're putting on sale are worth a lot.
The worse case would be when undercutters come and undercut you by a huge margin, along with their huge inventory. You have no way to compete but to undercut them and that would mean a huge loss of profit as well as a loss from the broker fee.
I can also see the drawback of having a small quantity of an item on the market as you might lose profit to other traders due to you selling out.
As I am still a small time trader, such loses are huge on me as I'm still trading small time with a small capital.
So what's everyone take on this topic? Do you normally put out a large quantity of an item, or just a few?
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Sethi3
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Posted - 2008.07.17 16:39:00 -
[2]
I know that you and Hexxx (If I get the numbers of x's wrong, please forgive me) constantly tell newbie traders to diversify, and I do try my best.
But what I don't get is that how does diversifying helps in this situation? Please do explain.
Do you mean by having more items on sale, you offset the losses on one item with the other items?
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Sethi3
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Posted - 2008.07.17 16:56:00 -
[3]
So the lesson here is rather to diversify, rather than worrying about the quantity?
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Sethi3
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Posted - 2008.07.17 17:47:00 -
[4]
 Originally by: Ricdics
The broker modification fee is only 100 isk per hit regardless of size or quantity of your item. If your profit margins are anywhere near as low as 100 isk then you are trading in the wrong items anyway.
If I plan to sell all my stock at one location I will always do one order. It will always be a large quantity and I just do the price mod game a few times a day.
Think of it this way, it's the equivalent of 29 order modifications just to convo someone not in your address book. Suck up the broker fee, it won't cut into your bottom line anywhere near as much as the standings/transaction taxes
What I meant earlier about the broker fees was the inital broke fee you had to pay to set up the sale order. I once put up a massive sale order of megacyte, then only to find competition undercutting me by a huge huge margin, resulting in a loss, total up.
That is why this has then got me thinking about quantity of an item that's going to be put on sale.
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Sethi3
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Posted - 2008.07.18 05:16:00 -
[5]
I would like to thank everyone for their advice(s) 
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Sethi3
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Posted - 2008.07.19 04:50:00 -
[6]
I have another situation regarding quantity.
Say for example if I'm selling Gatling Pulse I, and people tend to like to buy them in bulks of 5's. What happens if someone comes along and only buys up 3 of it? To confuse matters, say I'm the only one trading that particular gun at a mission hub. The nearest available sell order is ages away. What would you do? Take the order down, then restock and put up the 5 guns again? Or just wait until its sold out?
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Sethi3
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Posted - 2008.07.19 08:49:00 -
[7]
Originally by: Frenden Dax
If you know that people buy in batches of five, why would you only have a single order of five up? Put an order of like, oh, 50 on the market. I guess an alternative would be to leave the order of 2/5 up and put another order of 3 at the same price up.
I have thought of putting up a few batches at one go. But what I'm afraid of is that other traders would then have a look at that, and think "Oh, that's quite a few people selling stuffs there, that must mean its good" so they'll jump on the wagon and start competing with me. Same scenario with putting up a lot of quantity of the same item (ie. 1 sell order but instead of 5 guns, 50 guns).
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