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Dretzle Omega
Caldari
Global Economy Experts
Posted - 2009.10.01 16:48:00 - [1]
 

So, I just got Margin Trading, but even after reading the help from the resources thread stickied here, I'm not entirely sure how this works.

How the guides explain it: With each level of Margin Trading I put less ISK into escrow when I set up a buy order. At level 3, it is at about 41% ISK. When people fill the buy order, the ISK to buy is taken from escrow first. When more of the buy order is filled, the ISK is taken from my wallet until my wallet cannot cover it, in which case the buy order is canceled.

That last part is what I'm confused about. For example, say I have 10 Million ISK in my wallet. I am able to place a buy order for one item for about 20 Million ISK, since less than 10 Mil (41%) will be taken for escrow.

Now, ideally one of my other items will sell before that buy order is filled to give my wallet the amount of ISK to cover it. However, let's say that doesn't happen. My wallet is down to 1 Mil, I have 10 Mil not covered by escrow, and someone tries to sell me that one item for 20 Mil. What happens?

Does the item sell and I go negative? Does the item not sell and the seller's screen flashes and my order disappears off the market? Or am I not able to put up an order like that?

I guess I'm only really confused at when only one item would have enough not covered to put your wallet in negative. If the order is for several items the first few covered by escrow could sell and the rest until your wallet can't cover it could sell.

Megan Aven
Amarr
Posted - 2009.10.01 17:03:00 - [2]
 

Edited by: Megan Aven on 01/10/2009 17:03:35
Money doesn't go to negative, but the buy order is simply cancels.

On another note, if you have a lot of orders out there, it's unlikely that they will fill out super fast.

Overall, margin trading is great to have. Especially if you have large amount of orders.

Dretzle Omega
Caldari
Global Economy Experts
Posted - 2009.10.01 17:43:00 - [3]
 

Originally by: Megan Aven
Edited by: Megan Aven on 01/10/2009 17:03:35
Money doesn't go to negative, but the buy order is simply cancels.


So the order will be there until someone tries to fill it. If, when someone tries to sell to you, you don't have the ISK needed in your wallet to cover it, the order will disappear and the other player's item will simply not sell. Is that correct?

Or does the order cancel when you are not able to cover that single order?

Just want to know so I can use it to its full potential. It's already helped me out the moment it was trained! :)

Salpad
Caldari
Carebears with Attitude
Posted - 2009.10.03 07:39:00 - [4]
 

ISK in escrow are kept track of on a per-order basis.

(I saw that clearly when I did a wallet export last year, and it helped me to better
understand how Margin Trading works.)


 

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