I have to admit that I also dont know the name of this trading method, but it is not so stupid as it looks.
However you need to bear in mind, that this method won't work at all probably, if you will be mostly present on high-volume exchanges, where there are many many more sell/buy orders.
If you are a long-term trader, then it is not such a bad idea to build such a "tower" like that, because you just need to calculate, which price will be attractive for you, and list let's say about 70% of asset on this price.
The rest, 30% you can list for bigger price, in smaller positions made on different pricing just to increase the possible profits from that. I think that I will try this method next time!
Topic: who is doing this on bittrex (litecoin market) and why (Read 403 times)
This type of trading method is very very risky to the instead that if you don't first practice it with demo trading you will not understand what am talking about. If your demo it you will find out that you are going to lose money if you dear use your real account. I have try it before when somebody share this idea with me in forex and it is not the right way to follow in trade.
"this type of trading" is the right way of trading actually. but not the way it is being done in this picture. and THAT is my question.
it is obvious that if you randomly make orders just at random prices lower than current price and then open sell orders at random prices, that is silly and you'll end up money.
the correct way of doing it is coupling this with a little bit of analysis and speculation.
for example you speculate price is going up 20% and at the current rate it may fluctuate and go down 2-5% so you open multiple orders at lower market price and spread them. for example:
buy 50 LTC @ 0.01029 (-2%)
buy 20 LTC @ 0.009975 (-5%)
....
of course as i said it is the speculation and analysis that matters. this screenshot is too weird and it looks too random to me that is why i asked it here, specially since the steps are 1-5 satoshi!
This type of trading method is very very risky to the instead that if you don't first practice it with demo trading you will not understand what am talking about. If your demo it you will find out that you are going to lose money if you dear use your real account. I have try it before when somebody share this idea with me in forex and it is not the right way to follow in trade.
i get this method of trading (i don't know if it has a name in English), you spread the buy orders and then put the same orders as sell orders when they were filled and spread them with some %% of profit you want.
but what i don't get is why like this
you can see the steps this person chooses are as small as 1 satoshi! and the size is 0.004BTC and it used to be 0.005BTC i think he may have made mistakes or lost money even! maybe got scared and lowered the volume.
(i am talking about 4th order till the end of the list)
but what i don't get is why like this
you can see the steps this person chooses are as small as 1 satoshi! and the size is 0.004BTC and it used to be 0.005BTC i think he may have made mistakes or lost money even! maybe got scared and lowered the volume.
(i am talking about 4th order till the end of the list)
Jump to: