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Yime Nsokyi
Posted - 2011.03.18 13:21:00 - [1]
 

So i've gradually got into trading through reading the posts here and a bit of trial an error and i'm currently up to 4.2b NAV.

The problem I am facing is that I have a limited play time each day (some days less than 30mins) and it's a rush to try to check and update my orders to keep them fresh and active. I usually have 40 or so buy orders and 20-30 sell orders at any one time.

My question is, how many orders do you MDer's generally have up at one time?
and how often do you update those orders?

Cheers
Yime


Tutskii
Posted - 2011.03.18 13:28:00 - [2]
 

130, a few times a day.

Find out what makes you the most money and cut other things. Over time you should get more money from trading less things.

By the way, keep an eye on things you don't trade. They can change.

UfoTRADER
Relentless Technologies
Quod Erat Demonstrandum
Posted - 2011.03.18 13:54:00 - [3]
 

Four max traders with 150 to 200 orders each, updated a few times a day (time permitting)

Asymoney
Posted - 2011.03.18 14:30:00 - [4]
 

300


aprox>
100 sell orders - updated 5 - 10 times per day
100 buy orders - updated once per day
50 buy orders - updated once 2 - 3 per week
50 buy orders - fishing orders -updated once per month

Asy


Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2011.03.18 14:57:00 - [5]
 

1, sometimes 2.

Samroski
Games Inc.
Posted - 2011.03.18 15:05:00 - [6]
 

2000 to 3000 (sometimes more). Never updated.

Elise DarkStar
Posted - 2011.03.18 15:10:00 - [7]
 

Whatever doesn't personally burn you out.

Kaivar Lancer
General Exports
Posted - 2011.03.18 15:31:00 - [8]
 

100 orders only ATM. Update at least twice a day.

sesanti
Minmatar
Astrodynamics Trading Group
Posted - 2011.03.18 16:14:00 - [9]
 

I have between 10 and 20.

Worgen Fratmon
Minmatar
Instapop Industries
Posted - 2011.03.18 20:15:00 - [10]
 

My trader alt does about 30-50 orders. Depending on item, I update them as much as 3-4 times/day or as little as never (either no competition or order filled before price change needed). I check each order at least once a day.

Cheque Please
Hot Like Mexico
Posted - 2011.03.18 20:18:00 - [11]
 

4

Tehg Rhind
Posted - 2011.03.18 20:37:00 - [12]
 

I try and have as many orders as possible (~300) on the books. Not having all your order slots filled is a bad idea, assuming you have Isk/assets that aren't invested and open order slots.

I spend highly random amounts of time updating. I may spend 5 minutes 2 times a week updating or 1 hour a day. It depends.

If you're logging on and updating every order without any prioiritizqtion you're doin it wrong. You need to know the orders that are your most profitable, most risky, most competitive, etc and update accordingly. Don't update every order as though they had equal value.

Some days I'll update one order ten times and I won't even glance at another order. Think like Asymoney above but instead of static update quantities think of it as an abstract prioritization value.

Dynast
Osirians Of Eve
Curatores Veritatis Alliance
Posted - 2011.03.18 21:03:00 - [13]
 

Edited by: Dynast on 18/03/2011 21:03:33
Originally by: Tehg Rhind
I try and have as many orders as possible (~300) on the books. Not having all your order slots filled is a bad idea, assuming you have Isk/assets that aren't invested and open order slots.

I spend highly random amounts of time updating. I may spend 5 minutes 2 times a week updating or 1 hour a day. It depends.

If you're logging on and updating every order without any prioiritizqtion you're doin it wrong. You need to know the orders that are your most profitable, most risky, most competitive, etc and update accordingly. Don't update every order as though they had equal value.

Some days I'll update one order ten times and I won't even glance at another order. Think like Asymoney above but instead of static update quantities think of it as an abstract prioritization value.

If you want to maximize your profits, absolutely. If you just want to maintain acceptable profits (say, to fund other activities) you want to maximize your ISK gain per abstract units of effort spent. For me, this has been twenty to thirty orders.. more than that starts taking up mindspace I'd rather have devoted to other things.

Syds Sinclair
Posted - 2011.03.18 21:12:00 - [14]
 

..Right now full sails ahead for me is 60 buy orders and 40 sell orders. And that is with a pretty rigorous pruning system.

Like an above poster said, cut out what isn't working to make room for what is, but be mindful that that climate can change on an isk (dimelol).


Atima
Minmatar
House of Marbles
Posted - 2011.03.18 21:38:00 - [15]
 

0

Tehg Rhind
Posted - 2011.03.18 23:54:00 - [16]
 

Edited by: Tehg Rhind on 19/03/2011 02:27:33
Edited by: Tehg Rhind on 18/03/2011 23:55:05
Originally by: Dynast
If you want to maximize your profits, absolutely. If you just want to maintain acceptable profits (say, to fund other activities) you want to maximize your ISK gain per abstract units of effort spent. For me, this has been twenty to thirty orders.. more than that starts taking up mindspace I'd rather have devoted to other things.


I agree with that to a point. I only really pay attention to 20 or so of my orders, but its not hard to fill the other 270 or so with stuff that has requires a very small amount of investment and a very small amount of effort, like ML1-3 items. Just set up your orders to clear on market shifts and watch the money trickle in like a leaky faucet.

Edit: This thread explains how to use the rest of your slots:

http://www.eveonline.com/iNgameboard.asp?a=topic&threadID=1070754


Ayaska Shran
Posted - 2011.03.19 06:04:00 - [17]
 

Originally by: Elise DarkStar
Whatever doesn't personally burn you out.


This.

Just do what you can to keep your money growing, be it updating every hour on 300 orders, or updating once a week on a few.

Currently I have about 200 orders that I update once every day or two. I'll ramp back up when I get some free time.



clixoras
Posted - 2011.03.19 10:21:00 - [18]
 

people are so obsessed with updating orders. Here's a little story, i quit trading (the updating part got the better of me). Tried to sell 30b+ of stuff. Put up sell orders, didn't log in for more than a month and the stuff was gone at the end anyway.

Just watch the cyclical movement and base your price according.

Lady Leaf
Posted - 2011.03.19 10:38:00 - [19]
 

I have little over 1000 orders, which I update about once a week. Usually I have to modify about 200-300 orders. The whole ordeal takes 2-3 hours. Yes, it's a pain in the ass, but easy and mostly passive isk. Leaves me more time to pvp.

kla samon
Posted - 2011.03.19 18:05:00 - [20]
 

When I was actively trading I had 1000 orders over 3 toons with a 4th training up. It required about 30-60min/day to check and if they needed updating then 2-3 hrs.

Currently i'm down to half-assing it on 2 toons with about 150 orders on each. One I check maybe 2x a month or if i see any major movements in my escrow on jeveassets... the other maybe 1x or more a week.

I only keep at it because not to would be like walking past a hundred dollar bill without picking it up. Yes, it can be that easy when you finally "figure it out".

After a while isk ceases to be a motivating factor and habit takes over.

Implying Implications
Minmatar
Broski Enterprises
Elite Space Guild
Posted - 2011.03.19 18:55:00 - [21]
 

I have about 60 orders that I update quite often throughout the day.

Zeta Zhul
Caldari
Preemptive Paranoia
Posted - 2011.03.19 19:54:00 - [22]
 

I've got about 1,500+ market orders that vary from mostly selling to mostly buying. I really should update more often but really can't be arsed to do it.

Wyke Mossari
Gallente
Posted - 2011.03.19 20:28:00 - [23]
 


Five tycoons gives me over 1200 orders.

60% never.
30% Get reviewed once a month.
9% once a week.
1% May get reviewed several times a day or an hour when I'm actively running an aggressive market manipulation.


Diomedes Calypso
Aetolian Armada
Posted - 2011.03.20 03:15:00 - [24]
 

maybe 500 or so

Check on maybe 170 a day.. alter maybe 100 of those twice a day IF I'm logging on those characters...I'll oftn go days between checking prices .weeks between 150 of the 500.

I like to be eratic in whatever i do..(lol)

If people are competing with me in a market i previously "owned" I'll log on and change the prices on those items 5 or more times a day to encourage them to run along....maybe wouldn't have even logged on a character like than more than once a week unless someone was trying to eat my lunch.

Companion Qube
Minmatar
Electron Conservation Inc
SRS.
Posted - 2011.03.20 11:14:00 - [25]
 

Between 300 and 1.5k orders at any time, depending on motivation

I tend to manipulate markets in no-life mode for a few weeks until other people **** off then I go into maintenance mode for a couple of months to keep the market hostile to new people and then it's right back to step one to force new people out and I keep that up until I get bored of eve and stop logging for a few months then you guessed it right back to step 1 also I hate punctuation and sentences


Chainsaw Plankton
IDLE GUNS
IDLE EMPIRE
Posted - 2011.03.21 04:16:00 - [26]
 

heh I haven't really touched my orders in a bit over 2 months, I even just had a few orders expire.

probably have around 50 orders open at max, and I hardly ever touch them. if I update them every few days that is a busy week for me.

Yime Nsokyi
Posted - 2011.03.21 08:46:00 - [27]
 

Blimey that's more than i expected to be honest!

I take it the people that aren't updating for days/weeks at a time aren't based in the market hubs?

Gillaboo
Posted - 2011.03.21 11:25:00 - [28]
 

1-5, frequently concentrated on 1-2 commodities. I daytrade, can't be arsed otherwise to let 90-day orders accumulate, or use any other strategies that involve 100's of market orders. YMMV.

Confuzer
Volition Cult
Fatal Ascension
Posted - 2011.03.21 12:30:00 - [29]
 

Edited by: Confuzer on 21/03/2011 12:30:04
2000.... update every 3 months if I have to, and I trade everything everywhere.

Tehg Rhind
Posted - 2011.03.21 17:11:00 - [30]
 

Originally by: Yime Nsokyi
Blimey that's more than i expected to be honest!

I take it the people that aren't updating for days/weeks at a time aren't based in the market hubs?


BLIMEY! Love it

I can't speak for others but I only actively maintain ~10% of my orders and I trade in a hub. You just have to be careful what kinds of orders the other 90% you're running passively are, and set them up to sell in the margins.


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