Wow Tech Support

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Thursday, 23 August 2012

A little gift to total strangers

Posted on 22:00 by Unknown
I wrote several times how I handle the annoying 0.01 cartel: by decreasing the margin between the buy and sell orders until the point they give up, or simply the margins are so close that they can't keep up with the natural swings.

Of course it doesn't mean that I own these items. I checked the volumes of my items (the list is similar to the last month). They are sold in the magnitude of 10-20/day, and I buy and sell about 1-2. So my market share is around 10%.

If I have 50B/month and 10% share, the traders of my field take about 500B/month from the mission runners who farm the implants and the implant users. We do it in the form of margin between buy and sell orders. Average guys (those who don't trade just sell their loot or buy items to consume) can't really compete by setting up their own buy or sell orders. You must either camp the market to keep it at the top or deeply undercut once a day and wait for many days maybe. Neither one is smart if you have just a few items to sell or buy. You are better off losing 5-10% and do what you are proficient in.

When I entered this field and every time I include a new item to my list to replace a bad one, I find ridiculous margins. I mean 30-50M between buy and sell for some items. Both buy and sell orders guarded by busy 0.01-ers. I managed to push it down to 5-15M. So assuming the same volume and 2-3x bigger margin, without me (or other deep undercutting trader), the implant farmers and users would pay 500-1000B/month more to the 0.01 cartel.

So just by trading these items I save 500-1000B/month to total strangers and cause 550-1050B/month (the +50B is my share) damage to the 0.01-ers. Just as comparison, the largest battle loss of this year was K6 with the bill of 300B. So my "killboard" is not bad at all. Maybe I need a new logo instead of the goblin face. What about this one?

Obviously I don't own Jita. You can come any time to do the same on any market. There are so many 0.01-ers to destroy and so much ISK to earn and so little time!

Friday morning report: 153.0B (3.5 spent on main accounts, 2.4 spent on Logi/Carrier, 2.2 on Ragnarok, 1.6 on Rorqual, 1.4 on Nyx, 1.8 on Avatar, 2.6 received as gift)
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Posted in Random | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Suffer mortals, as your pathetic password betrays you!
    One of the things we often don't put much thought into is password selection. Usually it is a loved-one's name or an easily remembe...
  • (I'm not) defining lowsec
    This is a rather short post, will be one more today, about my very first PvP action. Sugar reminded me of a problem that I read about a l...
  • The big EVE trick
    What is an easy game: where everyone can achieve what he wants easily. What is a hard game: where you can only advance by becoming better an...
  • You must station trade what you haul
    Well, actually you don't if you are fine with hauling for buy orders. This case you lose serious profit. If you are the station trader o...
  • The (total lack of) balance of trade of highsec
    The fact that you can be much more rich in highsec than in the competitive areas of EVE (low, null, WH) is one of my main messages. It can b...
  • Thinking about highsec POCOs
    In the next EVE patch, Rubicon, highsec customs offices will be capturable by players (actually you destroy and build your own, but it's...
  • What would happen if people could trade?
    The question of mirror-ability of strategies often comes up when I post my trading strategy. The 0.01 strategy is clearly mirror-able. If th...
  • October ganking report
    October was a great month for my corporation , We Gank Because We Care. You can see the results on the killboard but since October was 31 d...
  • The proper profit metric
    Live moron of the weekend post . Did they spent the last month under a rock? People having trouble making ISK with trading. Some rather go m...
  • ur a kid!
    The title is a troll comment I get often. It doesn't make much sense. It's clearly not an argument. While we know that socials don...

Categories

  • account
  • account theft
  • adobe
  • alpha
  • arena tournament
  • authenticator
  • authenticators
  • battle.net
  • beta
  • blizzard
  • brute force
  • cataclysm
  • diablo 3 phishing scam
  • dictionary attack
  • drive-by
  • email
  • fake
  • flash
  • game
  • Gold
  • guild
  • gumblar
  • hacked
  • hacking
  • hacks
  • Ideas
  • ISK
  • keylogger
  • march
  • mmo-champion
  • New
  • password
  • password stealing
  • patching
  • phishing
  • raiding
  • Random
  • ranks
  • remote auction house
  • scam
  • scams
  • security
  • security checklist
  • soccer
  • strong password
  • trojan
  • vulnerability
  • warcraft
  • wow
  • wowarmory
  • wowmatrix

Blog Archive

  • ►  2013 (242)
    • ►  November (15)
    • ►  October (25)
    • ►  September (24)
    • ►  August (21)
    • ►  July (24)
    • ►  June (22)
    • ►  May (22)
    • ►  April (22)
    • ►  March (20)
    • ►  February (21)
    • ►  January (26)
  • ▼  2012 (261)
    • ►  December (24)
    • ►  November (21)
    • ►  October (24)
    • ►  September (21)
    • ▼  August (26)
      • How could the RL economy crash?
      • Highsec protects gankers from carebears and not th...
      • New scam: contract margin trade scam! (and a 1B mo...
      • A wannabe nullsec alliance members plight
      • Nerf low/null PvE ganking: remove local channel!
      • Why TEST doesn't produce nanotransistors?
      • EVE server?
      • Moron of the week
      • A little gift to total strangers
      • The FW-LP "goldmine" is highly speculative
      • Titan vs 60 dreadnoughts
      • "War bonds toplist" for alliance PvE?
      • EVE Character report - August
      • The great shitworm scam
      • License, tax, rent
      • After Tech alliance budgets
      • Minimal wage and PLEX price
      • Bubble-camp survival guide
      • Screenshots from all over nullsec
      • The Great Battle.net Compromise
      • Guide to riches for low/null/WH veterans
      • Newbie guide to trading riches in EVE
      • Highsec piracy is practically irrelevant
      • Trade guru and hub-builder
      • "Good fight" and "EVE is real" are mutually exclusive
      • The shocking truth, mate
    • ►  July (25)
    • ►  June (20)
    • ►  May (25)
    • ►  April (23)
    • ►  March (23)
    • ►  February (23)
    • ►  January (6)
  • ►  2011 (4)
    • ►  September (1)
    • ►  April (1)
    • ►  March (1)
    • ►  January (1)
  • ►  2010 (17)
    • ►  November (1)
    • ►  September (2)
    • ►  August (1)
    • ►  July (1)
    • ►  June (2)
    • ►  May (2)
    • ►  April (1)
    • ►  March (2)
    • ►  February (2)
    • ►  January (3)
  • ►  2009 (4)
    • ►  December (1)
    • ►  October (1)
    • ►  September (1)
    • ►  July (1)
Powered by Blogger.

About Me

Unknown
View my complete profile