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Cleric Rohan
May Member 2011

Cleric Rohan

Posts: 697 Steel Posts by user Forum Profile RuneMetrics Profile
Thanks very much for this thread Finance, really helpful. Maths is not my strong suit and I'm having a go at following your advice for the first time today. (I have to work quite hard to understand stuff like this so bear with me lol)

So I'm wanting to sell some of the sand I get from Bert. Med price today shows 58gp and it's not selling. I bought one at 58 as per your instructions and got 6gp back, meaning that someone else was selling for 52, right? So I put mine on to sell for 51 but it didn't sell. I tried 50 and it still didn't sell.

So now I'm thinking it through and thinking there must be a ton of other people also doing what I've just done and trying to undercut the guy selling for 52, so there's tons of offers out there for 51/50 that are going to sell before mine because they've been there for longer.

Have I got that right so far?

So next question is, what's best to do now? Do I leave my 51 offer in there and wait - leave it over night, say, or for a couple of days? And if it still hasn't sold after that time, should I check the price they're selling for again by buying one and adjusting my sell price accordingly? And at what point do you just give up and use your GE slot for something else?

Thanks again Finance, advice much appreciated :)

27-Nov-2016 14:27:24

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
One way you can check if your offer is the best one in the GE is to leave your offer in the GE and try buying 1 more of the item (this works best on resources). If you're selling sand at 51gp and you buy the item from yourself when you try to buy it (AND you haven't hit the buying limit!) then you know your offer is the best one, and you just need to wait.
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04-Dec-2016 15:25:16

Dong U Dead

Dong U Dead

Posts: 29,016 Sapphire Posts by user Forum Profile RuneMetrics Profile
@2.42am to tired to read it all - but excellent the first post (3rd)... I don't understand why posts like these at stickied.
If fat means flavour then I'm ******* delicious!

05-Feb-2017 13:43:49 - Last edited on 05-Feb-2017 13:44:52 by Dong U Dead

SGXTrader

SGXTrader

Posts: 205 Silver Posts by user Forum Profile RuneMetrics Profile
Runescape should enable short selling thou so as to speed up of market correction when buying gets out of hand. In fact it decreases market manipulation if you know why. However there should also be an option where players get to decide that they do not allow the stocks to be borrowed by others — maybe a bank interface with checkboxes on every single item to disable or enable borrowing.

For example short selling a stock but with a capital deposit, locked of proceeds from shorted stocks (until completion of buyback) and margin calls on maybe 30% drops? This ensures the player cannot be "bankrupt". Short selling should only be available from stock that can be "borrowed" from all other users' bank account.
But if this short selling should be suddenly implemented, there would be a surge in volume available in market. So I would recommend to "borrow" only from active users.
Naked short selling could be ignored since this is a 24/7 market. But daily fees, let's say 0.02% value of the stock, could be implemented if player shorts for longer than a day so as to ensure the player cannot borrow the stock for a lifetime. We are selling to willing buyers at the current fair market price so that we may survive.
My loss is your gain.
Current games: Runescape GE, Mobile Legends, osu!

01-Mar-2017 04:22:19 - Last edited on 01-Mar-2017 18:07:12 by SGXTrader

SGXTrader

SGXTrader

Posts: 205 Silver Posts by user Forum Profile RuneMetrics Profile
E.g. Player A wants to short 100k worth of pure essence on Monday.
So he shall be required to deposit 100k which will be locked until completion of buyback.
On the same day, his short order is filled and will then have a locked capital of 100k and locked proceeds of 100k. He tried placing a buyback at 80k worth.
However, the price of the pure essence rose by 35% on Thursday. But because there is the automatic margin call when it was rising 30% from initial margin, grand exchange shall immediately buyback for the player at best selling price available to repay all of the borrowed stock from the exchange. Assuming forced buyback Is completed at 130k (using proceeds and capital if needed), the player would be returned with a capital of 70k. In addition, because the buyback is completed on Thursday, there shall be a maintenance fee of 0.02% * 100k * 3 days = 60 coins.

Also, forced buyback should be triggerable by physical withdrawal of stock from bank or the lender wanting to sell his loaned stocks immediately unless the grand exchange can find another player who has the stocks in bank and enabled for borrowing.
This will work quite well as long as grand exchange does not provide any stock that does not exist since there is that "borrowing". We are selling to willing buyers at the current fair market price so that we may survive.
My loss is your gain.
Current games: Runescape GE, Mobile Legends, osu!

01-Mar-2017 18:08:49 - Last edited on 01-Mar-2017 23:13:51 by SGXTrader

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
It would be interesting if you could short sell RuneScape items. I think 100% of the proceeds from the short sale would have to be held separately by the Grand Exchange to prevent people from going bankrupt and never covering their shorts.

But it would be an interesting feature, particularly because it would virtually guarantee profits for a certain type of long term investor (expensive non-discontinued items typically drop over time).
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28-Mar-2017 01:18:12

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