Trade adjustment

Discussion in 'Trade Talk' started by CaRtIn, Aug 20, 2015.

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  1. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    I posted a trade in the FT:ISO forum and have received so many responses I feel like I may have undervalued my FT. My question, is ok to adjust my ISO expectations based on how many people have PM'd me?

    Feedback is appreciated. I don't want to sell my FT short but I also don't want to reneg my expectation based on demand if that's not ok to the BA community.

    Cheers and thanks!
     
  2. pagriley

    pagriley Pooh-Bah (2,382) Oct 27, 2014 Illinois
    Pooh-Bah Trader

    If you are talking about your DragonTrax for Nooner 10 +, then it is already there - you are looking for a + you didn't specify, so it is OK to just go with an awesome +

    It would be uncool to re-post looking for something else entirely, but totally fine to ask for a really good plus
     
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  3. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    I appreciate the feedback, my ISO was Nooner 10 + (&+... strange name for a beer lol) and my inbox went boom. My original post didn't include an actual plus.
     
  4. Kramerbarthomer

    Kramerbarthomer Pooh-Bah (2,116) Mar 22, 2012 Colorado
    Pooh-Bah Trader

    I think this trade was offer was for Nooner 10 + Cycle &+.

    OP, you should stick with the offer you made and I would suggest making a deal with the first person responding to your ISO that you feel comfortable trading with.

    If you change the parameters of a trade after you've made an offer, you will likely end up causing trouble and arousing anger in your fellow BAs if they were to find out about it.

    EDIT: i.e. - if someone did this to me, it would piss me off...
     
  5. pagriley

    pagriley Pooh-Bah (2,382) Oct 27, 2014 Illinois
    Pooh-Bah Trader

    Oh, hahhaa. right. didn't even know that was a beer!

    To be honest, there are no real rules about it - sure, it would be nice to honor your original offer, but until a trade is accepted in the system, you can always just decide to not trade your beer at the moment. Not awesome, but not the worst thing to just change your mind and hang on to the beer!

    The most important thing is to be honest and clear in your communication
     
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  6. Iamjeff6

    Iamjeff6 Initiate (0) Sep 9, 2013 Virginia

    I think in most cases if a trader knows hes is getting a "steal" of a deal with a trade they would be more inclined to throw in some awesome extras. I don't want to say that about everyone but I know if it were me I would make sure that you felt like you got a good deal.
     
  7. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    Again, I appreciate the feedback. I'm not familiar with all of the beer trading norms so I wanted to elicit some feedback from the community. My intuitive "gut" reaction was that I should stick with the original parameters and maybe try to expand the trade.
     
  8. NYCBUCKEYE

    NYCBUCKEYE Initiate (0) Jan 21, 2013 New York

    I agree with this. I mean, if you were happy with the offer you posted, don't adjust it just it because you think that you can get more beer out of someone.
     
  9. mlhyatt

    mlhyatt Initiate (0) Jul 27, 2013 Georgia

    If you made an offer stand by it. When someone PMs you with the trade you want and you don't take it then it could be considered a behind the scenes auction. And no one likes people who conduct those.

    Backing out of a trade is a shitty thing to do. This is the opposite of what makes a good trader. And knowing that you are ok with that and even encourage that activity...I think I may add someone to my DNT list...
     
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  10. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    I'm inclined to agree with this sentiment albeit I've been a part of trades in the past where my ignorance was clearly taken advantage of by someone more knowledgeable than me.
     
    Iamjeff6 likes this.
  11. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    This makes sense to me... I became more knowledgable after the fact and so it seems just to stick with the original offer. Maybe the individual will toss in some nice extras or maybe we can expand... IDK. Thanks.
     
  12. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    I appreciate the feedback gentlemen, I'm sure I'll be happy with the Nooner 10 and &+. Cheers!
     
    NJB145 and NYCBUCKEYE like this.
  13. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    Just for the sake of transparency, @badboy7113 was the first to send me a message if enquiring minds desire to know if my word is as good as my integrity. Cheers!
     
  14. pagriley

    pagriley Pooh-Bah (2,382) Oct 27, 2014 Illinois
    Pooh-Bah Trader

    If I understand, there isn't a trade yet - just an FT offer for a whale, followed by a ton of offers. If you read my actual reply (and earlier post), I said it isn't great to change your mind, and would be uncool to simply re-post looking for something else, but it is a far cry from backing out of an agreed to, accepted trade.

    Edit - I thought my point was rather clear - it wouldn't be great, but if you decide to just keep the beer before negotiating with anyone, no-one has really lost much more than the 30 seconds it took to send a PM.
     
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  15. JStampler

    JStampler Initiate (0) Jan 15, 2013 Pennsylvania

    I'm torn on how I feel about this situation. I wouldn't be surprised in the least bit if one or many of the people who responded did so just because it was a good deal and they figure they can trade and flip your bottle for a higher value. On that end, I feel like you should be able to adjust your ISO. On the other hand, you're technically getting exactly what you asked for and if you didn't receive so many messages, you would have been happy with the result.

    It's frowned upon to not accept a trade because you realize you undervalued your bottle but it's just as frowned upon for people see take advantage of a trader who doesn't know the value and jump all over the trade before they can change their mind.

    At the end of the day, it's your beer, do what you want with it.
     
  16. CaRtIn

    CaRtIn Devotee (376) Dec 14, 2014 Michigan
    Trader

    Spoken like FDR, a man who said much but told people very little until the New Deal legislation in his first hundred days in office had taken shape. I'm inclined to agree, I suppose if I accept the trade and offer to expand a little, the other party will end up making the ambiguously grey decision.
     
  17. pagriley

    pagriley Pooh-Bah (2,382) Oct 27, 2014 Illinois
    Pooh-Bah Trader

    I think the critical words are - it's your beer, do what you want with it.

    As long as you aren't running an auction, or backing out on someone after you have negotiated and agreed to everything, all you are doing is changing your mind. No-one on here should feel they are morally obligated to honor a mistaken offer to the first person responding - that is just an aggressively cut-throat and bullying attitude.

    An honest trader would reply to your ISO and say you have undervalued your beer and offer something that is actually more fair, be it some really good plus, or whatever else to make it a solid trade.
     
  18. PA-Michigander

    PA-Michigander Grand Pooh-Bah (3,372) Nov 10, 2013 Pennsylvania
    Pooh-Bah Trader

    This thread is kind of confusing. If you wanted Nooner 10 and &+ and you got an offer for it, why didn't you jump at the first offer? I've heard those beers are awesome and if you were looking for them it sounds like you got them.

    Hopefully anyone you trade with, if they think they got a steal, will remember you in the future and can build a long term trade partnership with each other. I'm guessing the dragontraxx was easily come by so why not try and establish a regular trading partner.
     
    jloomis likes this.
  19. JavaNoire

    JavaNoire Savant (1,163) Dec 4, 2010 Iowa

    You can't back out of a trade you haven't negotiated or accepted. There's nothing shady about deciding to keep your beer rather than trade it. IF you believe your offer is seriously off then declining to trade it while educating yourself on what would be a fair & reasonable trade isn't dishonest or slick. Yeah, winning is frowned on, but losing isn't required of good traders. Nor should it be.
     
  20. ResIpsaLoquitur

    ResIpsaLoquitur Initiate (0) Feb 28, 2010 New York
    Trader

    This is the correct path, cheers for taking it.

    As an aside, I recently responded to a posting where the op did exactly what you're asking about, behind closed doors asked for additional beers above what was in the original ISO. Needless to say I was ..........displeased.
     
    PA-Michigander likes this.
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