I’ve been playing Eve for about 10 days, have made about 100 million ISK or so, almost all through station trading or buying stuff low in Jita, and hauling it to a station where I sell it at a premium. Maybe $20 million from trying out missions and mining too.
But now that I’ve been trading for a few days, I’ve noticed some players have like super bad trading skills. They seem to pay absolutely no attention to quantities and price movement when bidding, they just .01 every bid to be on top, no matter what.
Here’s what I mean… I enter trading on an item. I’m new with not much ISK, so I’m naturally making bids on higher margin items for very small quantities relative to what others are trying to move. I make sure that what I’m trying to buy is also a tiny fraction of the item’s daily volume, so that my buy/sell cycle should complete fairly quickly… So the trades will be lined up, a whole bunch in a tight range, all of them a few cents apart. I’ll come in wanting to buy like 1-2 of something, and I want it quickly, so I’ll bid several percent above the trading range. I know from experience in the real world that sellers looking for a price bump before they sell will pounce on the free margin I’m surrendering. I get a quick trade, but it costs me.
But many times, people trying to move far higher volumes worth many, many times what my trade is worth will reflexively chase me, tacking .01 onto whatever huge price bump I offered. Unless they’re savvy enough to change their price back after mine inevitably clears, then they just lost a shitload of ISK because they were too impatient or too stupid to let my irrelevant trade go through.
The other day I was station trading a certain microwarpdrive successfully, because the big players were correctly letting my insignificant trades go through, while they kept meeting the bulk of the demand at their price. Then a couple of people with big trades leapfrogged me, surrendering millions of ISK in doing so. So I started rope a doping them cuz it was funny to me, bumping the buy and sell up and down every five minutes. I sold all of my drives for a handsome profit, and then kept trading just TWO more to purposefully troll these morons. By the time I was done, the big margin that had been holding all night had been squeezed down to where trading was all but choked off, cuz the margin was dog sh*t. lmao, it was so hilarious. (the margin has since stayed like that for about a day now. I figure at least $100 million was needlessly surrendered by ego/ignorant trading while I was active, and who knows how much since)
Then today it happened again even more hilariously. I’m trying to buy a quantity of ONE on an item that’s about $6 million on the buy orders. I bid several percent above the buy line, which appeared stable with lots of QTY clustered together. Figure I can come back in an hour or two and have that no problem… lmao nope. Instead, morons representing several hundred million worth of product chased me, outbidding me by pennies. So far, they’ve cost themselves about $50 million… Best part is, it’s an item I’m keeping for a while, I don’t care about the profit. So I’m gonna keep bumping up the trade 2-5% every 5 minutes, see how much I can make them lose. lololol
Take it from a noob. Pay attention to the quantities when bidding and have trading discipline. Stick to your price target, and don’t chase aggressive traders willing to surrender margin for a quick trade. You will cost yourself margin you had no reason to surrender.