I have recently found out that I enjoy be boring! (i.e. EVE marketplace trading).
Heh. Okay, jokes(?) aside.
I am new to the whole ‘Brokerage’ system used in EVE, and I have tried reading up so much information, and maybe it’s my thick skull, or maybe I just can’t quite find someone who clarifies things for me so that my autistic self can understand.
But I do have some questions if any marketplace/trading-savvy people could help me out here.
(very sorry if some of the questions seem silly, but I am trying hard to learn this and get as much clarification as possible. I do thank everyone for their time and attempts to help)
See, before playing EVE, my initial concept of the marketplace was something like WoW’s Auction house; being that you list a price, and someone directly fills that specific ‘Sell order’. And I kind of had that idea (initially) that EVE worked similarly. Whenever I sell an item, I imagined that people specifically chose MY item and bought it. I mean hell, I seem to get exactly the price I asked for. And likewise, whenever I want to buy, I click on a sell order, ‘buy this’, and I seem to pay exactly what the seller is asking.
BUT… this whole 'brokerage system is just confusing me to no-end, and even the UniWiki doesn’t clarify it (for me at least). And it all sounds like my initial concept of the marketplace is wrong entirely.
I see two columns. Buy orders and Sell orders.
Space Pepsi is wanted in the ‘Buy’ column for 1000 isk a can.
Space Pepsi is for sale the ‘Sell’ column for 1500 isk a can.
I see people listing buy orders in tutorial vids, and saying “we will buy it cheap (buy column) and sell it for a profit (sellers column).”
But WHO exactly is selling it to the ‘Buy’ column for 1000 isk when all the cheapest sale prices in the ‘Sell’ column are 1500 isk?
How are these buy orders being filled if everyone in the sell column wants to sell for much higher?
Which brings me to …
My understanding after reading was that:
For example, if ONE item is in the sell order column. For 1000 isk. And ONE buy order is in the buying column for 900 isk, then the seller (sell order column) unfortunately only gets to sell the item for 900 isk as it is the only item on offer and nobody else is buying.
(so, not earning that extra 100 isk they initially wanted).
IF this is the case, then does that mean that all the sell orders are not TRULY being filled at the price they are asking?
Because it really seems to me that I am selling things (sell order column) and getting exactly what I ask for in price. BUT, there are zero buy orders willing to pay the price I ask. So who is buying at my asking price if the buy orders are all wanting it much cheaper?
So once again, who is buying my Space Pepsi for my asking price? How am I asking to ‘Buy’ an item for cheaper than any offer present in the ‘Sell’ column, then being able to re-sell that same item in the sell column for my asking price if the cheapest buy order price buys it.
(I hope that made sense, but it seems like an infinite loop to me).
I buy 1 can of Space Pepsi for 1000. Someone is selling theirs for 1500. But unfortunately mine is the only order so they have to sell to me for 1000.
I then go to sell it at 1500 for a 500 profit. But, there is another buy order for 1000. So I make no profit.
…and the loop begins.
I am utterly confused here.
Just to elaborate on the earlier question, if ONE order is selling and ONE order is buying Space Pepsi; Selling is 10000 isk and Buy order is 10 isk. What happens?
If my ‘Buy order’ is wanting 10 Space Pepsi at 100 000 isk per unit.
And someone is selling 3 at 100 000 isk per unit. Can my order eat up theirs and leave me with an ‘adjusted’ buy order of 7 units wanted @ 100 000 isk per unit?
And to that effect, what if they were selling 3 @ 150 000 isk instead. Do they still only get 100 000 isk per unit since that’s all I’m willing to pay?
Related to the above enquiry, but what if the seller was selling 12 items @ 100 000 isk. And I am buying 10 @ 100 000 isk. Does their sale completely fill my buy order and they’d now have 2 remaining on their sell order?
Sorry if this is flogging a dead horse at this point. But see, my initial thoughts about the ‘Buy Order column’ was that people would list a cheaper price JUST IN CASE someone wanted to very quickly sell an item directly to a person because they couldn’t be stuffed waiting for a sell order to be filled/didn’t want to micro manage against competition.
Because the ‘Buy Order’ column is always a fair amount cheaper. It seems like “Yeah right buddy. Who is going to sell you that Kestrel at 50% the Sell Order’s asking price?”
Almost seemed like people in the ‘Buy Order’ column were taking the piss at this point.
I truly thank you for taking the time to help a fellow pilot out!
(I may have follow up questions depending on answers given [just to further clarify things for myself])