The problem with this type of approach is you're chasing big and very rapid returns but you'll find yourself on the wrong side of your trades again and again. What's likely to happen is the price will spike suddenly and if you have sell orders set for a "just wait for the price to come back up and then get the hell out" opportunity then it's very likely the price will continue on upwards, but in desperation you've exited at the price you came in at. What do you do then? Most likely because of FOMO you'll buy back in again at a price higher than you previously paid panic stricken you're now missing the pump. And then "OM f_ _ _ing G....it's going down again!" and suddenly it's back down under the previous price you sold for!

This is the yoyo "chase your tail" world that virtually everyone who's invested in crypto has suffered from at some point (and its why there are sooo many scammers....because there's a million suckers just falling over themselves to hand their money over so they can lose it).

You'd be better to just hold onto your Lisk, check in every so often and await the highly likely long-term increase that will come as the project develops. You will probably do very well in the end, but it requires patience and consideration of the long-term goals the lead developer has indicated the project's all about.