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Sarfux
Posted - 2011.03.27 07:16:00 - [1]
 

You know what I mean guys. I go in the market and I totally manipulate the HELL out of it to get rich as all hell. Razz I go to Jita or Dodixie and haul or I sit in the station and just trade.

1st - I view market details on every single item I get from loot or trading.

2nd - I then look how many of each of the things are on the market.

3rd - I make a decision as to whether or not buy all of them out of that station because it's the main hub, and people want them, and buy them out for the low price.

4th - I then have 40 of my item that is relativly cheap, combined with the 60 plus I just bought out.

5th - I then sell ONE at a VERY high price.

6th - I then sell them at a much higher price that what they were.

7th - When a person comes and tries to compete with me and sells what I just put the module on for 1mill isk, they try and sell 15 for 850,000. Then, if they bite, I then sell all my orders for much less money. But I make alot because I sell 200 at a time. Razz

8th - Sit back and enjoy wallet ticks every 10 min! Smile

Regis Nex
Posted - 2011.03.27 07:23:00 - [2]
 

You lost big isk recently did'nt you hehehe.

Sarfux
Posted - 2011.03.27 08:22:00 - [3]
 

Originally by: Regis Nex
You lost big isk recently did'nt you hehehe.


Nah just make lots of money doing that. Oh, and camping the drone room heheh Razz

Julius Rigel
Sub-warp Racing Venture
Posted - 2011.03.27 09:07:00 - [4]
 

And you wanted to post this because? Neutral

Atima
Minmatar
House of Marbles
Posted - 2011.03.27 09:18:00 - [5]
 

The level of thought in this thread is way beyond my intelectual capacity.

+1 to your MD rep and honesty.

Khanid Voltar
Night's Dawn Investment Fund
Posted - 2011.03.27 11:14:00 - [6]
 

So basically you are in here just showing off?

EG. What is the point of this thread?

Thoraemond
Minmatar
Far Ranger
Posted - 2011.03.27 14:27:00 - [7]
 

That sounds like a complicated plan with a lot of steps (more than eight, including the gathering that occurs before "1st"). Perhaps you can simplify your business model to make more ISK more quickly? E.g.,

Originally by: Gnomes in Southpark, apparently
Step 1. Collect underpants.

Step 2. ?

Step 3. PROFIT

Merouk Baas
Gallente
Posted - 2011.03.27 14:34:00 - [8]
 

Edited by: Merouk Baas on 27/03/2011 14:35:16

Lots of steps, and also dependent on "someone trying to compete", but congrats or whatever.

Also, in step 7, I think you mean "sees" rather than "sells".

Rasz Lin
Caldari
Uitraan Diversified Holdings Incorporated
Posted - 2011.03.27 15:00:00 - [9]
 

Edited by: Rasz Lin on 27/03/2011 15:00:13
wow nice, you must of made like hmmm 40K isk!

Calibra Makanen
Posted - 2011.03.27 16:38:00 - [10]
 

Do people really buy at the high end of the scale? I haven't had any luck with that.

Vierego
Vierego's Junk Imports
Posted - 2011.03.27 16:56:00 - [11]
 

Not quite sure what he is doing for the last steps.

However, I've been in situations where my trade slots are much more valuable with buy orders then sell orders, so if I go to sell and I have 5 items of X, the lowest bidder has 140 and the average turnover day to day in 50 units. I know he is stock piling.

So if buy order is 500k, he is selling for 1 mil, and average price is 800k I will put sell order for my 5 at 750k in hopes that the 140 unit guy will just buy me out so I can have that slot back.

However, some times that guy with 140 units will undercut me to 749.99k at that point I will go "really?" and buy him him out then relist at 1 mil.

so is it kind of like that?


Julius Rigel
Sub-warp Racing Venture
Posted - 2011.03.27 17:31:00 - [12]
 

Originally by: Vierego
Not quite sure what he is doing for the last steps.

However, I've been in situations where my trade slots are much more valuable with buy orders then sell orders, so if I go to sell and I have 5 items of X, the lowest bidder has 140 and the average turnover day to day in 50 units. I know he is stock piling.

So if buy order is 500k, he is selling for 1 mil, and average price is 800k I will put sell order for my 5 at 750k in hopes that the 140 unit guy will just buy me out so I can have that slot back.

However, some times that guy with 140 units will undercut me to 749.99k at that point I will go "really?" and buy him him out then relist at 1 mil.

so is it kind of like that?




1. Pick an item. Buy every single unit.
2. Relist for whatever you think is nice and high but will still sell.
3. Wait until you turn a profit.
4. Dump the rest on buy orders.

Vierego
Vierego's Junk Imports
Posted - 2011.03.27 17:50:00 - [13]
 

Originally by: Julius Rigel


1. Pick an item. Buy every single unit.
2. Relist for whatever you think is nice and high but will still sell.
3. Wait until you turn a profit.
4. Dump the rest on buy orders.


Ah because the before it was buy order 100k sell order 150k median... he bought them all out and relisted for 350k.

Since now there is a 250k "margin", people start raising up their buy order prices as more people want it, and lets say it goes now to 260k.... So he dumps then for 260k on the buy order market?

Since

Julius Rigel
Sub-warp Racing Venture
Posted - 2011.03.27 18:04:00 - [14]
 

Originally by: Vierego
Originally by: Julius Rigel


1. Pick an item. Buy every single unit.
2. Relist for whatever you think is nice and high but will still sell.
3. Wait until you turn a profit.
4. Dump the rest on buy orders.


Ah because the before it was buy order 100k sell order 150k median... he bought them all out and relisted for 350k.

Since now there is a 250k "margin", people start raising up their buy order prices as more people want it, and lets say it goes now to 260k.... So he dumps then for 260k on the buy order market?

Since
Yes, but even if nothing happens to the buy orders, if you buy 10 for 150k (for a total of 1,5m) and sell 5 for 350k (for a total of 1,75m) then you already have more money than you started with, and you can either trash the rest of the stock, or just quick-sell it to the highest buy order.

Obviously this would have to be on a larger scale, billions not millions.

Fred Barbossa
Free Mineral Collective
Posted - 2011.03.27 18:54:00 - [15]
 

Originally by: Julius Rigel

1. Pick an item. Buy every single unit.
2. Relist for whatever you think is nice and high but will still sell.
3. Wait until you turn a profit.
4. Keep items and wait to sell marked up again because why the **** not.


fixed?

Julius Rigel
Sub-warp Racing Venture
Posted - 2011.03.27 20:34:00 - [16]
 

Originally by: Fred Barbossa
Originally by: Julius Rigel

1. Pick an item. Buy every single unit.
2. Relist for whatever you think is nice and high but will still sell.
3. Wait until you turn a profit.
4. Keep items and wait to sell marked up again because why the **** not.


fixed?
Well since you asked: Because if you drag it out any longer than that, people will start listing more of your stuff and a few hours of undercutting later things will be back to normal, except you have wasted a few hours nudging your orders when you could have spent a few hours bathing in your relatively small, but easily earned bit of profit.

But yes, you're right, obviously when I say turning a profit I mean milking it to the point where you don't feel like it anymore. Personally I just like to scoop some cream off the top before the milk starts to curdle. Others like to wait for a nice mature cheese.

Diomedes Calypso
Aetolian Armada
Posted - 2011.03.27 23:52:00 - [17]
 

Edited by: Diomedes Calypso on 28/03/2011 00:07:15
Originally by: Calibra Makanen
Do people really buy at the high end of the scale? I haven't had any luck with that.


Yes,

tiny example: A couple of us were selling badger iis in amarr for 1.5 million for a week or two ( a few much higher) after I bought the hundred or so that were on the market at a fair price... the higher price in the hub also supports the higher prices you have for those dispersed to other locations within the region as its hard to stay the low price at the hub much of the day with the full time .01 guys

.. really wasn't a huge amount of profit given the volume maybe 50 to 100 million isk almost for lolz and a secondary reason I won't spout about.. but there are definitely bigger windfalls and if traders in an item cooperate its quite easy to keep the price of a 800k item at 1.5 million for a while. (or 3 at 3 or 5 at 8 etc). The average buyer isn't that price sensitive but at some point inventory will start to build up because the percentage of the buyers who are price sensitive won't buy and buy volume won't meet supply. (edit : i often trade named items.. for an item that can be player produced, producers will bring inventory to market and drive down the price sooner..more likely if they notice it at least)

If you're buying up the inventory at a lower end of a trading range you can dump the remainders back at the price you bought them or just use them for inventory for mini-hubs with higher prices you serve. Pretty much have a "free put"

Ludacrys
Posted - 2011.03.28 01:08:00 - [18]
 

the amount of work some people are willing to do for scraps amazes me


 

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