That's what the lots are for, they determine how many trades will be auto-accepted. You can make a minimum of 1 or a maximum of 4 sales per listing. Once you've sold however many lots you've set it for, your listing will be removed and no more trades will be made until you re-list it.
EDIT: And the time is not a countdown, it is the time when your listing expires. So it wouldn't be 11 minutes, it would be a sale which expires at 11:00.



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