Edit: By the way my sub $9k incremental sell orders just filled, next ones at $9,200-ish.... easy peasy... little by little.. sell, sell, sell as the price goes up, but only a little. That's the mindless system that always attempts to stay ahead of the price moves... The price comes to your sell/buy orders, you do not go to the price.. It's making money in your sleep (kind of), as long as the underlying asset ultimately goes up..
Mines too. Now putting some buy orders at around $8.5-8.6K for the same amount.
Same as you, this has nothing to do with where I do think the price is going next. Scalping needs no feelings. It only needs some (almost unpredictible) sideways volatility.
Yep.. in these order settings, we are attempting to take advantage of BTC's almost inevitable short-term volatility like unemotional bots in regards to setting our orders.. and even willing to leave all of the fiat behind, in the event that BTC prices just happen to go shooting all the way to $20k or some other ungodly and non-returnable spot.
Currently, my buy/sell spread is a bit larger than yours which causes it to fill less often on the swings, and surely that part is discretionary and one that I have been attempting to move more and more towards increasing the spreads (sometimes I will adjust them back to smaller amounts, but I am happy with my current spreads), and so in that regard, my buy orders that correspond with the sub $9k sales start at a bit above $8,100..... . My increments tend to be in the $200 to $250 range currently, but if the price goes down, the increments start to get smaller and if the price goes up, they tend to increase to $500 and then $1,000 and then even greater than that by the time we get back to the ATH territory.. (that is if we get there)
Sometimes I will go back and readjust some of the buy orders that I already set that go further back and were based on earlier sales in order to balance out my buy back amounts or my buy back increments... so sometimes I might go back to reset the increments and the amounts for all of the buy orders down to $7k or $6k or some other price point in order to attempt to even them out in a way that makes me feel MOAR gooder in a kind of discretionary way.. or even in a way that considers or reconsiders whether I am covered all the way back down to $4k or $3k or whatever extreme low that I don't consider to be likely but I consider to be necessary to consider preparing for, just in case.
Also, at some point, I might decide to discontinue preparing for $4k or $3k and only prepare for $6k, but surely we are NOT even close to being at a place where i would decide to discontinue preparing for $4k or $3k. Maybe if we get above $15k, I might decide to ONLY prepare for $5k.. Will cross that bridge when we get there (if we get there).
By the way, when i started doing this, at $250-ish, my spreads were only like $20 and my increments might have been $5 or so. Of course, prices have caused my increments and my spreads to get BIGGER, but in early days of my trading, I also had a lot of tighter increments and even lower profit margins because I wanted to get a lot of practice. After a while, I felt that I did not need as much practice, so part of the justification for increasing the spreads and the increments.