Trading Style

Few years back I realized that instead of setting up a single market limit order, it makes sense to set up multiple such orders and as the price swings up or down, I sell or buy, respectively.

This has worked well for me, and I continue to do it even today.

Does This Work With All Coins/Tokens?

The answer is no.

I look for coins with a reputation like swap.btc or swap.ltc on Hive Engine. I dont have to explain why. Then, I look for high volumes, price volatility, and constant movement. That's it. That's my recipe.

Then I set up multiple limit orders with a gap of 4 to 5 Hive for LTC and similarly, a suitable gap for BTC. So when a limit order goes through, I will do the opposite of the fulfilled action. For example, if I sold LTC at 1192 Hive then I will put a new buy limit order at 1188. And the cycle continues.

Do You Do Something Similar?

Do you do something similar? Is there a name to this kind of trade?

Let me know. :)