Post
Topic
Board Speculation
Is using the order book to flip for profit worth it?
by
SatOhShe_KnockAMoto
on 29/08/2018, 17:20:07 UTC
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.