By the way, with in the past day or so, I also incorporated
"vapourminer lols" within my BTC sale orders in around similar price arenas that he had outlined.. largely in a symbiotic kind of a spirit of the idea...
(I hate to be such a non-original copy cat... but it seemed to be just too good of an oportunidad to pass up) ... Perhaps, I will wait until after such passenings to disclose more particulars to the extent that such lols are worth mentioning and presuming that at some point in the near future
(aka soontm) BTC price movements "force" those wannabe lols to play out.
my sense of humor has been branded "odd" on more than one occasion. fun is where you find it.
The incorporation of such funzies into sell orders resonated with me... so maybe we are the same person.. just trying to act like we are different peeps on the interwebs?
im forced to admit my ladders are setup somewhat like yours, i set them up and then its hands off for the most part. plan the sequence best you can and then relax, the emotions can now stay out of it. when occasions warrant it i go readjust stuff. luckily i had done this like a week or two ago and fine tuned the 16k-20k range and the sells then buybacks pretty much happened all while i slept. sold at 17.5k - 18.5k or so and bought it back around 16.2 - 16.7 all preset up. almost took the fun out of it.
There are some ways to make those buy/sell orders more automatic, but I prefer an ongoing bit of hands on – to manually engage with whatever my process happens to be or an order is trigger which causes me to have to set up a counter order and to consider if I am going to tweak such order in any way or go with the default idea that I have. Also, not only am I considering possible tweakenings, when I set up orders, whenever an order fills, I like to get in there and set the opposite side... just in case there is a quickie reversal.. If an reversal is quick, then it is like making free money...... within a very short period of time (even if the amounts are not really life change or maybe buy a steak dinner or something nice, if I were to roll any of the profits out, but usually the profits just get folded into the system for a kind of delayed gratification.
In recent times, it has been somewhat more difficult to make the free money with quickie reversals because my spreads have been getting larger and large – in terms of percentages - which is also o.k. with me because it is somewhat converting me more and more on the spectrum of becoming more of a swing trader and less of a day trader - meaning that with the passage of time my orders are tending NOT to execute as easily or as frequently as they used to do..
I am NOT sure if I will ever graduate completely to a complete swing trader who is NEVER trading some of the quick and easy moves that just allow for the stacking of both dollars and sats.. and I suppose if I just become more bored with setting buy/sell orders, then maybe I will just make the trading gap so BIG that they rarely execute.. I suppose that would be better, anyhow, to NOT really watch the BTC price on a fairly regular basis in case the price may have moved a lot.
I can hypothesize that less than 10% BTC price moves might start to feel more tedious, even though right now my orders tend to fill in a 6% to 7% range. I recall when I was new at playing this little laddering game, my orders were like 2% or 3%, so they were triggering all the time and they were not as profitable, but gave me more practice to get used to the matter and to later slowly increase the spreads.
What I am imagining is that in the future, BTC is just going to become less volatile, so my orders are not really filling as much, even though the spread might stay in a 6% to 12% range – and maybe more so gravitating towards 12%... not sure, yet.. because I still find it fun, even 6% to 7%-ish.
my lowest "real" (as opposed to a "lulz") active buy order is at like 1k lol. dunno how long thats ones been there. think ill cancel that one and move it up a bit heh.. that leaves 8kish is my lowest. which isnt low enough really imo. never know what honeybadger might think up. 6k sounds nice as a low.
gotta keep some lulz amounts lower (and higher) of course.
Yeah, those outrageous price moves do not seem to be happening as much anymore in bitcoin, and I think part of the reason is just that there are way more fills of order books and traders seem to be more than willing to jump in to stop the BTC price from moving outrageous amounts.
I don’t really feel that I am keeping my outrageous outlier orders out there for those kinds of slippage reasons.. but instead the buy orders down to $5k are just lingering ones, even though I am developing BIGGER and BIGGER doubts about any possibility of those orders being filled.. even sub $8k is looking at a fraction of a percentage of a chance, at best.
