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Topic: Is using the order book to flip for profit worth it? (Read 118 times)

newbie
Activity: 9
Merit: 0
Hello people,

I flipped $20 worth of Blackcoin for 40% profit on Poloniex over the course and cashed out after it dropped 20% on the third week. I just want to know how your experiences flipping for profit have went and whether I can do anything to improve my ROI. Currently I am just looking at the order book and placing trades based on the volume of orders at any certain point (for example, I would place my order in front of a buy wall instead of behind it). I know it is susceptible to spoofing, and I have noticed spoofing before, though I was lucky enough to make a profit despite it.
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