tag:blogger.com,1999:blog-8930529650384824164.post8533371279726565235..comments2023-05-07T08:36:04.125-06:00Comments on Merchant Monarchy: The PLEX Experiment - Ramping Up VolumeMoxNixhttp://www.blogger.com/profile/12407914481361718041noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8930529650384824164.post-7862006396479461402015-02-02T10:50:37.726-06:002015-02-02T10:50:37.726-06:00I think there is a 10% discount on PLEX as well. T...I think there is a 10% discount on PLEX as well. They had that sale around Christmas time, and it went away. I saw the advertisement again. I have also noticed that on the weekends the prices drop and I'd like to say you're right in thinking that it's just more people getting on and buying more PLEX from CCP to sell on the quick. I'm hoping the market doesn't crash too much.Jamesnoreply@blogger.comtag:blogger.com,1999:blog-8930529650384824164.post-8512026096406127132015-02-02T05:57:28.861-06:002015-02-02T05:57:28.861-06:00Due to RL issues, I have chosen to go the other wa...Due to RL issues, I have chosen to go the other way around. Pick a few items and grow into those markets completely, then branch out over time. Atm I am sitting on 24 products, with a 100 isk each top price. They just evened out last month and another project is waiting, when that is done, a new 8 product branching will be considered. PLEX is not and will not come into focus for a long time. Rather I would go the other way, into minerals, its just a much higher competitive market, thats why I didn't go there yet.jasperwillemnoreply@blogger.comtag:blogger.com,1999:blog-8930529650384824164.post-1585162956714012222015-02-01T19:27:08.390-06:002015-02-01T19:27:08.390-06:00I agree with all of that.
The only problem is unt...I agree with all of that.<br /><br />The only problem is until you have enough cash you can afford to just sit on stock for a week or more, it's more profitable to just sell quick at lower profit margins and reinvest.<br /><br />For me, with so many traders it took a lot of ISK to get to that point. I have been there for a while now, slowly experimenting with, identifying long term patterns and converting over to longer term trading.<br /><br />Sometimes it's hard to break old habits you've become comfortable with and that's a big part of why I made such a big push into PLEX this weekend. A lot of that was about getting out of my comfort zone, taking more risk and finding out if I'm big enough to start playing with the big boys yet.<br /><br />So far it's looking like the answer is yes... As long as I stop dealing in over 300 different items and whittle the list down to something more manageable.<br /><br />Lately I've been taking more of a targeted approach rather than a blanket approach. I'm concentrating more on high volume and high margin items while letting most of my "passive" buy orders expire and reinvesting most of the ISK into high volume items like PLEX.MoxNixhttp://merchantmonarchy.blogspot.ca/noreply@blogger.comtag:blogger.com,1999:blog-8930529650384824164.post-49440220548992653122015-02-01T18:02:21.673-06:002015-02-01T18:02:21.673-06:00"The main thing is there's a weekly cycle..."The main thing is there's a weekly cycle (often hidden by manipulation) where prices go down on the weekend and back up during the week."<br /><br />This is not just with PLEX, its with all goods, in weekend all kind of people put up orders, if you want to speculate away from that, you need to go in big time. If you realize that the big isk is not in the short term, but in the long term, you know you can let the market eat itself over the weekend. So, volume is brought into the hubs by people working production during week days. First people will then dump on high priced buys. When those are gone, people will start selling around to between the old low and the old buy. People will 0.01 isk each other down a lot. After the weekend however, this will stop. So, then you can restore order, while you know the costs will have a recover time of 4 days. If you have enough turnover on the location you reorder, you make it back. If you speculate above the equilibrium and you know your market, you can add a markup and you will have 2 days to work back up and 2 days of profit. Now imagine doing this over your 22 traders. See the pattern? <br /><br />This is why prices will go up again. Speculators move in big time, after the new equilibrium has been presented. They know there market and will choose to buy out, stock, relist, sell, etc. Prices will go up and the cycle will start again nxt weekend. After the end of Skill Queue online I expect this pattern to be more apparent in high volume markets.jasperwillemnoreply@blogger.comtag:blogger.com,1999:blog-8930529650384824164.post-28384972539945651142015-02-01T09:33:42.876-06:002015-02-01T09:33:42.876-06:00The Jita price has regained about 13 mil since I w...The Jita price has regained about 13 mil since I wrote that last night when it was under 796 mil in sell orders on Jita but you can easily see the drop over Fri/Sat by looking at the history graph.MoxNixhttp://merchantmonarchy.blogspot.ca/noreply@blogger.comtag:blogger.com,1999:blog-8930529650384824164.post-28000234258472953462015-02-01T03:25:02.401-06:002015-02-01T03:25:02.401-06:00Not sure what you mean with falling prices. PLEX i...Not sure what you mean with falling prices. PLEX is rising again steadily :(Hubertus Halbfasnoreply@blogger.com